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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:7,078 Points:2,143,215 Joined:May 2006	Message Posted: Dec 19, 2012 12:38:32 PM 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:2,072 Points:750,640 Joined:Sep 2010	Message Posted: Dec 19, 2012 8:02:30 AM Ignore BEGTWO Report Abuse Invest in Gold!
1006 Champion Author Birmingham Posts:1,106 Points:1,371,110 Joined:Apr 2008	Message Posted: Dec 19, 2012 7:02:21 AM Ignore 1006 Report Abuse we will stay tuned
Zonk Champion Author Michigan Posts:6,616 Points:2,129,490 Joined:Oct 2005	Message Posted: Dec 19, 2012 12:30:02 AM Ignore Zonk Report Abuse Well...The end of the World did not take place.
crreed1 Champion Author West Virginia Posts:2,095 Points:2,549,740 Joined:May 2005	Message Posted: Dec 19, 2012 12:27:29 AM Ignore crreed1 Report Abuse wait and see
RevDrCBJ Veteran Author Ann Arbor Posts:385 Points:192,825 Joined:Jul 2011	Message Posted: Dec 19, 2012 12:27:04 AM Ignore RevDrCBJ Report Abuse Hmmm. . .
wshokie12 Champion Author Winston-Salem Posts:1,450 Points:243,060 Joined:Aug 2012	Message Posted: Dec 19, 2012 12:24:36 AM Ignore wshokie12 Report Abuse We will see...
boatfloyd Champion Author Jacksonville Posts:1,853 Points:414,700 Joined:Mar 2012	Message Posted: Dec 19, 2012 12:13:02 AM Ignore boatfloyd Report Abuse The Saudis will still contol the price.
Aviator_Rob Champion Author New York Posts:3,985 Points:439,840 Joined:Mar 2012	Message Posted: Dec 19, 2012 12:12:02 AM 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:15,821 Points:2,556,305 Joined:Apr 2006	Message Posted: Dec 19, 2012 12:09:12 AM Ignore gocatgo Report Abuse Seeing is believing.
Rooster922 Champion Author Wilmington Posts:3,920 Points:681,820 Joined:Jan 2009	Message Posted: Dec 19, 2012 12:08:27 AM 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:1,412 Points:378,875 Joined:Jan 2012	Message Posted: Dec 19, 2012 12:08:17 AM 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:8,844 Points:1,664,895 Joined:Oct 2008	Message Posted: Dec 19, 2012 12:07:01 AM Ignore Number43 Report Abuse Maybe if obummer destroys the economy.
pilotmass Champion Author Boston Posts:1,966 Points:529,335 Joined:Jul 2011	Message Posted: Dec 19, 2012 12:06:26 AM Ignore pilotmass Report Abuse End of year= analyst looking for new job.
Bubba44612 Champion Author Ohio Posts:7,526 Points:1,903,410 Joined:Aug 2005	Message Posted: Dec 19, 2012 12:06:01 AM Ignore Bubba44612 Report Abuse Time will tell for sure, but over speculation will be the real tell.
zippy452 Champion Author Cincinnati Posts:9,565 Points:1,833,800 Joined:Oct 2006	Message Posted: Dec 19, 2012 12:05:26 AM Ignore zippy452 Report Abuse Another crystal ball.
rahcat Champion Author Grand Rapids Posts:2,676 Points:689,675 Joined:Jan 2010	Message Posted: Dec 19, 2012 12:05:13 AM Ignore rahcat Report Abuse We can only hope.
bridgerunner Champion Author Virginia Posts:4,922 Points:1,033,560 Joined:Jul 2009	Message Posted: Dec 19, 2012 12:03:41 AM Ignore bridgerunner Report Abuse Time will tell.
Tsunamiron Champion Author Jacksonville Posts:1,564 Points:584,450 Joined:Mar 2011	Message Posted: Dec 19, 2012 12:03:04 AM Ignore Tsunamiron Report Abuse I guess I need to sell my gold.
Dodge_Me Champion Author Atlanta Posts:2,214 Points:575,730 Joined:Mar 2006	Message Posted: Dec 19, 2012 12:02:46 AM Ignore Dodge_Me Report Abuse We'll see
cheaper0ON Champion Author Ontario Posts:1,118 Points:424,780 Joined:Jan 2012	Message Posted: Dec 19, 2012 12:02:07 AM Ignore cheaper0ON Report Abuse Interesting.
planoiceman Champion Author Dallas Posts:3,328 Points:498,720 Joined:May 2011	Message Posted: Dec 19, 2012 12:01:47 AM Ignore planoiceman Report Abuse $50 a barrel. Would be nice.
Kawibiker Champion Author Illinois Posts:1,221 Points:215,465 Joined:May 2012	Message Posted: Dec 18, 2012 11:59:51 PM Ignore Kawibiker Report Abuse keep wishin -- doubt it will happen
Aviator_Rob Champion Author New York Posts:3,985 Points:439,840 Joined:Mar 2012	Message Posted: Dec 18, 2012 11:59:49 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:142,920 Joined:Oct 2012	Message Posted: Dec 18, 2012 11:55:11 PM Ignore Alanj44 Report Abuse They are getting twice that, then why>?
TheHermit Champion Author Maine Posts:3,445 Points:138,020 Joined:May 2012	Message Posted: Dec 18, 2012 11:54:01 PM Ignore TheHermit Report Abuse Bring it on
exilion Champion Author Missouri Posts:10,020 Points:2,039,845 Joined:Aug 2003	Message Posted: Dec 18, 2012 11:53:33 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:519,230 Joined:May 2011	Message Posted: Dec 18, 2012 11:52:53 PM Ignore gd83goldwinger Report Abuse Both of something I dont have, but could use.
J4romeo All-Star Author Gary Posts:506 Points:1,219,125 Joined:Jan 2006	Message Posted: Dec 18, 2012 11:51:26 PM Ignore J4romeo Report Abuse As always time will tell!
Shakleelady31 All-Star Author Fort Wayne Posts:594 Points:423,415 Joined:Jan 2012	Message Posted: Dec 18, 2012 11:44:21 PM Ignore Shakleelady31 Report Abuse Interesting.
GigHarborHound Champion Author Tacoma Posts:2,669 Points:514,240 Joined:Sep 2011	Message Posted: Dec 18, 2012 11:42:40 PM Ignore GigHarborHound Report Abuse That will be the day!!
jrsva Champion Author Virginia Posts:9,999 Points:1,639,950 Joined:Jan 2006	Message Posted: Dec 18, 2012 11:37:17 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:3,440 Points:545,250 Joined:Jul 2011	Message Posted: Dec 18, 2012 11:36:19 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 11:35:45 PM Ignore frostyWV Report Abuse speculation
tidalwave3 Champion Author Tallahassee Posts:1,366 Points:1,488,765 Joined:Jun 2008	Message Posted: Dec 18, 2012 11:34:03 PM Ignore tidalwave3 Report Abuse QE4 and EPA will stop that idea :(
joeschmo12 Champion Author New York Posts:1,102 Points:325,300 Joined:Mar 2012	Message Posted: Dec 18, 2012 11:33:26 PM Ignore joeschmo12 Report Abuse prediction is a prediction. only time will tell.
02SilverStroke Champion Author Dallas Posts:2,026 Points:1,365,930 Joined:Aug 2005	Message Posted: Dec 18, 2012 11:31:53 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:1,636 Points:222,005 Joined:Apr 2008	Message Posted: Dec 18, 2012 11:27:44 PM Ignore truckguy115 Report Abuse yeah good luck with this one.
shea33 Champion Author Pensacola Posts:2,503 Points:569,665 Joined:Oct 2011	Message Posted: Dec 18, 2012 11:27:36 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:8,724 Points:1,939,155 Joined:June 2005	Message Posted: Dec 18, 2012 11:24:54 PM Ignore TheSnowstorm Report Abuse txkrb: Nice post.
mcmonsta Champion Author Honolulu Posts:3,342 Points:844,495 Joined:Sep 2009	Message Posted: Dec 18, 2012 11:19:42 PM Ignore mcmonsta Report Abuse just don't mix up which one is which!
SavALot Champion Author Virginia Beach Posts:8,613 Points:1,738,335 Joined:Apr 2005	Message Posted: Dec 18, 2012 11:19:37 PM Ignore SavALot Report Abuse Probably a year of a lot of surprises
txkrb Champion Author Texas Posts:1,595 Points:660,480 Joined:May 2011	Message Posted: Dec 18, 2012 11:19:13 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:8,174 Points:1,755,920 Joined:Jan 2008	Message Posted: Dec 18, 2012 11:17:47 PM Ignore mstearno Report Abuse how about $150 oil next year and 1800 gold
pacecar68 Champion Author Oakland Posts:4,767 Points:888,445 Joined:Jan 2007	Message Posted: Dec 18, 2012 11:16:37 PM Ignore pacecar68 Report Abuse ok.
abcdMA Champion Author Worcester Posts:8,052 Points:1,600,730 Joined:Nov 2008	Message Posted: Dec 18, 2012 11:15:00 PM Ignore abcdMA Report Abuse if on this were true
WIPACKERFAN Champion Author Chicago Posts:8,939 Points:1,870,175 Joined:Aug 2005	Message Posted: Dec 18, 2012 11:14:50 PM Ignore WIPACKERFAN Report Abuse toadNY, I believe a depression. Its about time for another good one.
BREW9 Champion Author Tampa Posts:1,020 Points:2,939,635 Joined:Jun 2004	Message Posted: Dec 18, 2012 11:14:13 PM Ignore BREW9 Report Abuse yup
PoohMcGoo Champion Author Alabama Posts:3,122 Points:822,360 Joined:Dec 2010	Message Posted: Dec 18, 2012 11:14:01 PM Ignore PoohMcGoo Report Abuse Gold will drop too
savannahoaks Champion Author Rockford Posts:2,832 Points:661,960 Joined:Mar 2011	Message Posted: Dec 18, 2012 11:13:48 PM Ignore savannahoaks Report Abuse And 10% unemployment.