LONDON, December 10, 2014 /PRNewswire/ --
The United States appears to have recovered fully from the recent recession. The European Union is just beginning its quantitative easing and trying to avoid a recession. Japan just dropped into their own recession, going so far as to dissolve parliament and hold new elections.
What's happening now? What happened in the past? What will happen in the future? These are the questions that every investor asks when looking ahead to their next trade.
Buffet. Soros. Icahn. These are the names you know and constantly hear speaking about how to invest in the markets. There are a lot of predictions out there. Some of them are conservative and some are absolutely absurd.
Well, one analyst, who is now looking at what is happening and what will happen in the next year is seeing some pretty grim and somewhat shocking moves. Richard Howard has been an analyst for over 15 years and is a senior analyst at forex broker Tread-24.com .
To his credit Howard has some past predictions that were on the mark. In 2012, Howard foresaw that gold would drop below 1,200 the following year. For 2014, Howard has predicted that oil would drop below $60 and it looks like that may happen, as the current price is sitting right around 66.
"The fact is that a market crash coming," Richard said when asked how he feels about the general health of world markets. "Take a look at Japan and the EU right now. This is just the beginning of another huge recession."
So, what surprises does Howard see coming in the upcoming year?
"Oil. Crude oil is the big one to follow. Goldman Sachs says oil will fall to $70 a barrel next year. That is a bit too conservative for my taste. Shale oil investments and drilling will keep pushing that price down, and the big oil producers will ride it out."
"Another one is gold. The outlook, according to most big investment banks, is that it will drop up to $200 in the next few months. With the US economy starting on a real positive economic uptick after a bunch of crazy years, it looks like the US is poised for a medium-term jump. And that means gold will be hit hard."
What are some actual numbers he puts to these predictions? "Oil will drop below 50 and gold will not stay over $1,000. I'm not saying this will happen over the long term, but in 2015, expect oil and gold to get crushed."
Contact: Jeremy Harris, +44(0)20-3608-6060 ext 208