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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

My Prediction (A quasi-addition to the 5 years from now thread):

Trump will set a new record for the longest inauguration speech.

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.

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.