1) Gold, at ~$1,200/oz today, is close to its bottom.
2) Quality junior mining companies and explorecos will finally split away from the cruddy juniors and we’ll see an all-important gap develop between the companies that need to die and those that will survive and eventually thrive.
3) Copper will be weak in 2014, with supply outstripping demand and new lows of under $3/lb registered (put me down for $2.80/lb on multiple days, not just a single spike). Average for the year to be around $3.10/lb
4) Uranium won’t break $40/lb at any point and the sector will continue to get the rah-rah from the promo people still holding their large bags.
5) Dilma Rousseff, President of Brazil, will be re-elected in 2014.
6) Evo Morales, President of Bolivia, will be re-elected in 2014.
7) Juan Manuel Santos, President of Colombia, will be re-elected in 2014.
Score: 1 point. As with the Dilma vote, it was closer than I’d expected for a while and Juanma got taken to a second round run-off by the right wing hatergottahate Zuluaga/Uribe brigade, but Colombia made the right choice in the end.
8) Both Argentina and Venezuela will continue to defy and confound the non-stop barrage of criticism from the western media and get through 2014 just fine.
Score: 1 point. Yes that one’s turned out correct. We can debate Venezuela if you want, but the way it’s painted from the outside (dictatorial regime about to be toppled any moment) is a far cry from the reality inside the country because you can love em or hate em, but the PSUV party has a tight grip on power and runs the show still. As for Argentina, yeah for sure it’s a nuthouse but it’s doing just fine under all the blahblah. Sorry haters, I win you lose.
9) Juan Martin Del Potro will win at least one of the Grand Slam tournaments this year.
Score: 0 points. Turns out my wishes for Delpo were misplaced, his wrist injury has haunted him all season and we’ve hardly seen the dude play. Oh well, next year.
10) And finally, the big one: Brazil will win the 2014 World Cup.