JDH 2010 Predictions

I have posted my detailed thoughts on the main blog. Here is a numerical summary of my predictions for 2010:

The Price of Gold Will Be:

Price of Gold
Date Price per Ounce $US
March 31, 2010
$ 1,300
June 30, 2010
$ 1,350
September 30, 2010
$ 1,400
December 31, 2010
$ 1,450

The DOW will close at:

Date DOW Close
March 31, 2010
June 30, 2010
September 30, 2010
December 31, 2010

My Top Stock Picks for 2010 are:

I like the big gold stocks:

ABX.TO – Barrick Gold Corp.

AEM.TO – Agnico-Eagle Mines Ltd.

K.TO – Kinross Gold Corp.

G.TO – Goldcorp Inc.

And I like silver stocks:

PAA.TO – Pan American Silver Corp.

SLM.TO – Silver Wheaton Corp.

SSO.TO – Silver Standard Resources, Inc.

As a non-resource pick, I like ENW.V – EnWave Corp.

Silly Predictions for 2010, that have nothing to do with anything:

  • I predicted this last year, and I was wrong, so I’ll predict it again: the most hated man on this blog for the last year has been James Dines, creator of The Dines Letter. His “hold” strategy throughout the collapse cost his subscribers all of their gains, and then some. Most readers of this blog have already cancelled their subscriptions. However, even a stopped clock is right twice a day (if you can remember back to the time when clocks weren’t digital), and it’s likely that his stocks will come back into favour, so I predict that by the end of 2010 there will be articles in the press, and on the Forum, calling Dines a “genius” and one of the top newsletter performers of 2010.
  • John Daly will win more golf tournaments in 2010 than Tiger Woods.

Full Disclosure:

Here’s how I did in 2009: my main portfolio, that I track for the purposes of this blog, was up 3.4% on the year, primarily because I was stubbornly in cash for most of the year. So, clearly, I know nothing about anything. My main goal, after the debacle of 2008, was to not lose anything, and I managed to accomplish that.

I have a number of different investments; my main portfolio, and other various retirement and “play” portfolios. My other portfolios were up about 25% this year, due primarily to some success investing in private placements. I’m satisfied with that result as well.