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***RED ALERT*** Jimmydoomsday gave me his 2010 & 2011 financial PREDICTIONS!!!
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Original Message
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A friend of mine that goes by the name of jimmydoomsday who had a blog and made unbelieveable predictions from 2005 to 2009 just email me his 2010 and 11 prediction:
With no war or major terrorist attack, these are my predictions:
Next few weeks, sovereign debt crisis takes over Europe
Big money flows into US treasuries, pushing yields to all time lows – fake safe haven
End of spring 2010, housing will start a substantial decline similar to the 07/08 decline as government purchases of mortgage back securities end (totaling $1.4 trillion) (March) along with tax credit (April), and banks holding phantom inventory start to unload onto the market
DOW to fall below 7,000 by Q3 2010,
Dollar will rise above 95 on the dollar index
Gold will fall below $800 by Q3 2010
Silver will fall below $10 by Q3 2010
CA debt implosion will start to develop by summer and hit crisis mode by Q4 2010
Dollar index will plunge below 60 in Q4 2010
Commercial real estate will hit crisis mode by Q4 2010
Over 35 states will be bailed out in Q4 2010 by the US tax payer
End of Q4 2010 gold will hit $1,600 and silver jump to $35 an oz
Q1 2011 long term treasury bonds will implode
Q1 2011 US credit rating stripped of triple A status
Q1 2011 oil surges pass $150 a barrel
Q4 2011 dollar index will bottom at 25
Q4 2011 gold will reach $10,000 an oz and silver will hit $500 an oz
DOW will reach 18,000 by Q4 2011 as money flows out of bonds and into stocks
Products that normally require loans for purchases will decline substantially (cars, homes, etc…) while things like food, clothes, etc… will rise substantially
Jimmydoomsday, from the cave!
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