There is a lot of uncertainty regarding the economy. Here are a few of my predictions. Take them with a grain of salt.
- Commodity prices will be a mixed bag until 2012. Copper prices will hover between $2.00 and $2.50/lb. Nickel will stay in the $5.00 to $6.00/lb range
- The Dow will peak at 9200, then begin to drop. The 5000 level will be reached before the end of 2010.
- The price of gold will be $1100/oz by the end of 2009 and continue to climb to $1500/oz by the end of 2011
- Inflation will start to increase by mid 2010, hitting 12% annually by 2012.
- The price of oil will slowly increase to $75/barrel by year end.
- Pakistan will escalate their war with the Taliban, eventually drawing in the United States, Great Britain and Canada.
- Israel will launch a pre-emptive air strike against Iranian nuclear installations in mid 2010
- Chrysler's forced marriage with Fiat will be a failure and the company will cease operations by year end.
- General Motors will continue to struggle and may survive until 2012 or until the Gov't money runs out.
- Ford will survive and become a leader in Electric vehicles.
- The Toronto Maple Leafs will win the Stanley Cup in the 2012-2013 season (stop laughing)
- The Blue Jays will win the World Series this year (2009)
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