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2013: Year of $50 Oil and $1,200 Gold?

CNBC via Yahoo! Finance -- Drastic falls in the price of oil and gold, doubling of the yield in 30-year Treasurys and mass nationalizations in Japan's struggling electronics industry may be on the agenda next year.

These outlier forecasts are some of Saxo Bank's "Outrageous Predictions" for 2013.

Steen Jakobsen, chief economist at Saxo Bank, argued that the "revolution" in shale gas in the U.S. could push down to $50.

Sabine Schels, senior director and global commodity strategist at BofA Merrill Lynch Global Research,has also argued that the cost of oil could hit these lows.

"We have a unique situation in that the U.S. is producing way more oil than anyone thought they would. That will be a downward pressure along with slowing global growth," he told CNBC.

"The political danger here is that the Saudis need ...

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Submitted Dec 18, 2012 By: brbaritone

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remay Champion Author Houston Posts:6,962 Points:2,116,620 Joined:May 2006	Message Posted: Dec 19, 2012 11:38:32 AM Ignore remay Report Abuse Well... let's see how well the media does at brainwashing everyone with THIS topic ($50 oil). It pretty much worked when the price was skyrocketing...
BEGTWO Champion Author Maryland Posts:1,932 Points:722,790 Joined:Sep 2010	Message Posted: Dec 19, 2012 7:02:30 AM Ignore BEGTWO Report Abuse Invest in Gold!
1006 Champion Author Birmingham Posts:1,105 Points:1,353,565 Joined:Apr 2008	Message Posted: Dec 19, 2012 6:02:21 AM Ignore 1006 Report Abuse we will stay tuned
Zonk Champion Author Michigan Posts:6,476 Points:2,101,040 Joined:Oct 2005	Message Posted: Dec 18, 2012 11:30:02 PM Ignore Zonk Report Abuse Well...The end of the World did not take place.
crreed1 Champion Author West Virginia Posts:1,980 Points:2,525,360 Joined:May 2005	Message Posted: Dec 18, 2012 11:27:29 PM Ignore crreed1 Report Abuse wait and see
RevDrCBJ Veteran Author Ann Arbor Posts:363 Points:187,010 Joined:Jul 2011	Message Posted: Dec 18, 2012 11:27:04 PM Ignore RevDrCBJ Report Abuse Hmmm. . .
wshokie12 Champion Author Winston-Salem Posts:1,315 Points:215,435 Joined:Aug 2012	Message Posted: Dec 18, 2012 11:24:36 PM Ignore wshokie12 Report Abuse We will see...
boatfloyd Champion Author Jacksonville Posts:1,713 Points:387,000 Joined:Mar 2012	Message Posted: Dec 18, 2012 11:13:02 PM Ignore boatfloyd Report Abuse The Saudis will still contol the price.
Aviator_Rob Champion Author New York Posts:3,795 Points:412,265 Joined:Mar 2012	Message Posted: Dec 18, 2012 11:12:02 PM Ignore Aviator_Rob Report Abuse So tell me, @Number43, are you rooting for the economy to fail just so you can be proven right?
gocatgo Champion Author South Carolina Posts:15,640 Points:2,527,815 Joined:Apr 2006	Message Posted: Dec 18, 2012 11:09:12 PM Ignore gocatgo Report Abuse Seeing is believing.
Rooster922 Champion Author Wilmington Posts:3,783 Points:655,095 Joined:Jan 2009	Message Posted: Dec 18, 2012 11:08:27 PM Ignore Rooster922 Report Abuse First we must have a strategies how to help OPEC from collapsing. Will electric car succeed? Will the Hummer type of truck return?
naspa Champion Author Cleveland Posts:1,266 Points:351,175 Joined:Jan 2012	Message Posted: Dec 18, 2012 11:08:17 PM Ignore naspa Report Abuse I can predict gloom and doom just like everyone else. But who buys into it is more dumb then I.
Number43 Champion Author Lexington Posts:8,686 Points:1,636,220 Joined:Oct 2008	Message Posted: Dec 18, 2012 11:07:01 PM Ignore Number43 Report Abuse Maybe if obummer destroys the economy.
pilotmass Champion Author Boston Posts:1,819 Points:501,485 Joined:Jul 2011	Message Posted: Dec 18, 2012 11:06:26 PM Ignore pilotmass Report Abuse End of year= analyst looking for new job.
Bubba44612 Champion Author Ohio Posts:7,386 Points:1,875,880 Joined:Aug 2005	Message Posted: Dec 18, 2012 11:06:01 PM Ignore Bubba44612 Report Abuse Time will tell for sure, but over speculation will be the real tell.
zippy452 Champion Author Cincinnati Posts:9,418 Points:1,806,100 Joined:Oct 2006	Message Posted: Dec 18, 2012 11:05:26 PM Ignore zippy452 Report Abuse Another crystal ball.
rahcat Champion Author Grand Rapids Posts:2,463 Points:661,225 Joined:Jan 2010	Message Posted: Dec 18, 2012 11:05:13 PM Ignore rahcat Report Abuse We can only hope.
bridgerunner Champion Author Virginia Posts:4,777 Points:1,004,885 Joined:Jul 2009	Message Posted: Dec 18, 2012 11:03:41 PM Ignore bridgerunner Report Abuse Time will tell.
Tsunamiron Champion Author Jacksonville Posts:1,424 Points:556,750 Joined:Mar 2011	Message Posted: Dec 18, 2012 11:03:04 PM Ignore Tsunamiron Report Abuse I guess I need to sell my gold.
Dodge_Me Champion Author Atlanta Posts:2,214 Points:555,480 Joined:Mar 2006	Message Posted: Dec 18, 2012 11:02:46 PM Ignore Dodge_Me Report Abuse We'll see
cheaper0ON All-Star Author Ontario Posts:973 Points:396,855 Joined:Jan 2012	Message Posted: Dec 18, 2012 11:02:07 PM Ignore cheaper0ON Report Abuse Interesting.
planoiceman Champion Author Dallas Posts:3,278 Points:476,320 Joined:May 2011	Message Posted: Dec 18, 2012 11:01:47 PM Ignore planoiceman Report Abuse $50 a barrel. Would be nice.
Kawibiker Champion Author Illinois Posts:1,170 Points:204,475 Joined:May 2012	Message Posted: Dec 18, 2012 10:59:51 PM Ignore Kawibiker Report Abuse keep wishin -- doubt it will happen
Aviator_Rob Champion Author New York Posts:3,795 Points:412,265 Joined:Mar 2012	Message Posted: Dec 18, 2012 10:59:49 PM Ignore Aviator_Rob Report Abuse Too bad they didn't explain the prediction of the price of gold falling. What happened to everyone complaining about the devaluing of the dollar? Wouldn't that keep the price of gold at an all-time high?
Alanj44 Rookie Author Birmingham Posts:96 Points:137,820 Joined:Oct 2012	Message Posted: Dec 18, 2012 10:55:11 PM Ignore Alanj44 Report Abuse They are getting twice that, then why>?
TheHermit Champion Author Maine Posts:3,404 Points:127,780 Joined:May 2012	Message Posted: Dec 18, 2012 10:54:01 PM Ignore TheHermit Report Abuse Bring it on
exilion Champion Author Missouri Posts:9,890 Points:2,011,845 Joined:Aug 2003	Message Posted: Dec 18, 2012 10:53:33 PM Ignore exilion Report Abuse Maybe? I would like to be paid what these economists make for theorizing or otherwise pulling numbers out of nowhere.
gd83goldwinger Champion Author South Bend Posts:1,428 Points:503,480 Joined:May 2011	Message Posted: Dec 18, 2012 10:52:53 PM Ignore gd83goldwinger Report Abuse Both of something I dont have, but could use.
J4romeo All-Star Author Gary Posts:506 Points:1,214,925 Joined:Jan 2006	Message Posted: Dec 18, 2012 10:51:26 PM Ignore J4romeo Report Abuse As always time will tell!
Shakleelady31 All-Star Author Fort Wayne Posts:571 Points:400,100 Joined:Jan 2012	Message Posted: Dec 18, 2012 10:44:21 PM Ignore Shakleelady31 Report Abuse Interesting.
GigHarborHound Champion Author Tacoma Posts:2,527 Points:486,540 Joined:Sep 2011	Message Posted: Dec 18, 2012 10:42:40 PM Ignore GigHarborHound Report Abuse That will be the day!!
jrsva Champion Author Virginia Posts:9,846 Points:1,611,275 Joined:Jan 2006	Message Posted: Dec 18, 2012 10:37:17 PM Ignore jrsva Report Abuse $50 oil? I shudder in ecstasy to think of $1.50 gas!” Be careful what you ask for. I don’t think that most people are ecstatic about a depression, which is what it would take to get $1.50 gas.
bvrbill Champion Author Eugene Posts:3,207 Points:516,800 Joined:Jul 2011	Message Posted: Dec 18, 2012 10:36:19 PM Ignore bvrbill Report Abuse This can't be true. The world ends on Dec. 21!!!
frostyWV Champion Author West Virginia Posts:2,339 Points:519,235 Joined:May 2011	Message Posted: Dec 18, 2012 10:35:45 PM Ignore frostyWV Report Abuse speculation
tidalwave3 Champion Author Tallahassee Posts:1,299 Points:1,461,900 Joined:Jun 2008	Message Posted: Dec 18, 2012 10:34:03 PM Ignore tidalwave3 Report Abuse QE4 and EPA will stop that idea :(
joeschmo12 Champion Author New York Posts:1,011 Points:305,265 Joined:Mar 2012	Message Posted: Dec 18, 2012 10:33:26 PM Ignore joeschmo12 Report Abuse prediction is a prediction. only time will tell.
02SilverStroke Champion Author Dallas Posts:2,013 Points:1,343,670 Joined:Aug 2005	Message Posted: Dec 18, 2012 10:31:53 PM Ignore 02SilverStroke Report Abuse I'll believe it when I see it. Gold prices are driven by the economy and I don't see the economy improving enough to lower the price of gold. The "experts" say that on a bad economy, gold prices increase.
truckguy115 Champion Author Orange County Posts:1,632 Points:221,225 Joined:Apr 2008	Message Posted: Dec 18, 2012 10:27:44 PM Ignore truckguy115 Report Abuse yeah good luck with this one.
shea33 Champion Author Pensacola Posts:2,363 Points:541,965 Joined:Oct 2011	Message Posted: Dec 18, 2012 10:27:36 PM Ignore shea33 Report Abuse Is it what the economy really needs? Too much stuff dropping isn't always good
TheSnowstorm Champion Author Montreal Posts:8,617 Points:1,912,240 Joined:June 2005	Message Posted: Dec 18, 2012 10:24:54 PM Ignore TheSnowstorm Report Abuse txkrb: Nice post.
mcmonsta Champion Author Honolulu Posts:3,222 Points:816,820 Joined:Sep 2009	Message Posted: Dec 18, 2012 10:19:42 PM Ignore mcmonsta Report Abuse just don't mix up which one is which!
SavALot Champion Author Virginia Beach Posts:8,464 Points:1,710,635 Joined:Apr 2005	Message Posted: Dec 18, 2012 10:19:37 PM Ignore SavALot Report Abuse Probably a year of a lot of surprises
txkrb Champion Author Texas Posts:1,558 Points:637,490 Joined:May 2011	Message Posted: Dec 18, 2012 10:19:13 PM Ignore txkrb Report Abuse $50 oil may sound good but it will mean very bad economic conditions, with rising unemployment, reduction in gas consumption and then cut back in exploration and production by oil companies. Then as the economy improves gas consumption will out pace production resulting in a shortage and oil prices rising to over $120 and gasoline over $4 again Just face it gas in the $3 range is the new normal Factoring inflation over the last 40 years $3 gas is on par with most goods a car that cost $4,000 in 1979 is now $19,000, bread is $now over 1.50 and milk over $3.00
mstearno Champion Author Dayton Posts:8,061 Points:1,730,260 Joined:Jan 2008	Message Posted: Dec 18, 2012 10:17:47 PM Ignore mstearno Report Abuse how about $150 oil next year and 1800 gold
pacecar68 Champion Author Oakland Posts:4,661 Points:867,095 Joined:Jan 2007	Message Posted: Dec 18, 2012 10:16:37 PM Ignore pacecar68 Report Abuse ok.
abcdMA Champion Author Worcester Posts:7,917 Points:1,574,005 Joined:Nov 2008	Message Posted: Dec 18, 2012 10:15:00 PM Ignore abcdMA Report Abuse if on this were true
WIPACKERFAN Champion Author Chicago Posts:8,799 Points:1,842,475 Joined:Aug 2005	Message Posted: Dec 18, 2012 10:14:50 PM Ignore WIPACKERFAN Report Abuse toadNY, I believe a depression. Its about time for another good one.
BREW9 All-Star Author Tampa Posts:876 Points:2,911,005 Joined:Jun 2004	Message Posted: Dec 18, 2012 10:14:13 PM Ignore BREW9 Report Abuse yup
PoohMcGoo Champion Author Alabama Posts:3,067 Points:799,085 Joined:Dec 2010	Message Posted: Dec 18, 2012 10:14:01 PM Ignore PoohMcGoo Report Abuse Gold will drop too
savannahoaks Champion Author Rockford Posts:2,692 Points:634,260 Joined:Mar 2011	Message Posted: Dec 18, 2012 10:13:48 PM Ignore savannahoaks Report Abuse And 10% unemployment.