“Nemo Paradise” is running a financial prediction contest...

...over at Daily Pundit

Pick which price the five items below will touch first – the high or the low. Some data (rounded) is provided just as a reference. “Closest” is defined as number of dollars, not in percentage terms.

Ending point is July 1^st. Go over and stick your neck out!

Here are my predictions (with reasons, FWIW):

1. Dow: A. 14,000 (high)… reflecting inflation (thank you, Fed)
2. Gold: B. $750 (low)… When you start hearing “It’s time to buy gold” spots on the radio, it’s time to sell
3. Euro: B. $1.45 (low)… European central banks don’t like the weak dollar.
4. Oil: A. $130 (high)… Oil will probably drop close to $100 (the low), but not get there due to OPEC intervention.
5. Wheat B. $6.50 (low)… Too many speculators are long.

Given my usual accuracy on stuff like this, someone should vote 100% against me.

Posted by: Old Grouch in In Passing at 19:20:27 GMT | No Comments | Add Comment
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