Polls
What's the LEAST Likely event of 2013?
Gold is breaking below key technical levels against the euro, while the single currency is accumulating further strength against the US dollar. Instead of asking about probable targets, which of the following is least likely for 2013 ?
What's the LEAST Likely event of 2013?
| Gold 1300 | |
| Gold 2000 | |
| €/$ 1.50 | |
| €/$ 1.15 | |
| S&P500 1600 |
Voting for this poll is now closed
a downgrade of us debt creating hte signaling the debut of the correction.
better and better ism and confidence number culminating the SP at 1600.
Its only the politicians who are keeping the Euro alive, Merkel is terrified that she will be in power at the demise of the Euro.
Fed did and gold went thru the roof...towards the basement however.
The very same analysts now go gold loses luster because economical recovery is underway....
I think what is really coming the long end yields will go up and up. The central banks may invoke another op twist but this works only until it doesn't work anymore.
Basically the CBs don't print any money they print liquidity, while real capital gets shorter. Thus the value of real cash will rise. The mojo of liquidity printing may be gone its been too much.
Since hitting its peak in 2008. Euro is confined in a falling triangle. I expect it not to cross more than 1.42 during 2013. Even that would be a big ask with this continuously deteriorating currency. I expect Euro to be near 1.2 by the end of this year.
would not bet on weak USD strong EUR in 2013 first Q yes thereafter no. Provided however no member of Ezone leaves.
1.15 is synonymous w/excessive USD strength, which is unlikely given the Fed's aggressive unemployment approach to easing.
A