Sitting here with the significant other and I mentioned todays silver price drop. Also discussed the fed rate hike. She suggested making a list of where we would be in a year and stuffing it in an envelope to see where prices will be.
If the federal reserve raises rates three times next year as suggested we could see big changes.
By January 2018, I could imagine silver dropping to the $13.00 range. Gold around $800.
Gas prices climbing to $3.50 in N.Y.,
The housing market collapsing as rates climb above 6% on the 30 year fixed.
Trump will move to replace Yellen as he claims she is detailing his plans for infrastructure programs and increased border defense.
While he may reduce corporate taxes, I can imagine that he will shift the burden onto state and local government.
I think he will not have much luck reversing Obamacare and by 2018 the long predicted recession will be well under way.
While not my hope I'm just concerned that we are in for some tough years ahead.
I would like to hear some other opinions if anyone is interested in sharing. Thanks
PREDICTION FOR 2017
4 posts
• Page 1 of 1
PREDICTION FOR 2017
by Changechecker » Thu Dec 15, 2016 8:50 pm
- Changechecker
- Penny Collector Member
- Posts: 325
- Joined: Thu Nov 17, 2016 8:21 pm
Re: PREDICTION FOR 2017
by bluejuice915 » Thu Dec 15, 2016 9:37 pm
My Prediction (A quasi-addition to the 5 years from now thread):
Trump will set a new record for the longest inauguration speech.
Trump will set a new record for the longest inauguration speech.
-_-
I want to be wrong, except it's so satisfying to say I was right.
... and the world descended into chaos as the select survivors cried about the surrounding stupidity.
I want to be wrong, except it's so satisfying to say I was right.
... and the world descended into chaos as the select survivors cried about the surrounding stupidity.
-
bluejuice915 - Posts: 31
- Joined: Tue Aug 09, 2016 9:54 am
- Location: Uncensored Reality
Re: PREDICTION FOR 2017
by Recyclersteve » Sat Dec 17, 2016 1:25 am
My prediction- when Trump backs away from a confrontation for the first time, someone in the media will use the term "Orange Chicken" to describe him (orange referring to his hair color). That is a serious prediction, by the way.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
- Recyclersteve
- Too Busy Posting to Hoard Anything Else
- Posts: 4606
- Joined: Sun Jan 20, 2013 5:59 am
- Location: Where I Want To Be
Re: PREDICTION FOR 2017
by scyther » Sat Dec 17, 2016 7:15 pm
Recyclersteve wrote:My prediction- when Trump backs away from a confrontation for the first time, someone in the media will use the term "Orange Chicken" to describe him (orange referring to his hair color). That is a serious prediction, by the way.
Wouldn't surprise me at all.
My prediction- silver at $12-14. Trump will disappoint, his supporters will make excuses for him, and I won't regret voting for him, because yes, I still think it's funny.
267,500 pennies and 186,000 nickels searched. Hand sorter.
10/13/18
10/13/18
-
scyther - 1000+ Penny Miser Member
- Posts: 1391
- Joined: Tue Mar 27, 2012 4:19 pm
4 posts
• Page 1 of 1
Return to Economic & Business News, Reports, and Predictions
Who is online
Users browsing this forum: No registered users and 24 guests