Jim Dines Annual Forecast issue arrived on Saturday. Forty-eight pages of text, opinions, statistics, analysis and some of the most original and informative charts anywhere at any price. Some snippets follow.
"In the next seven years the western world's demand for uranium is predicted to surpass known supply sources by 3-million pounds. That means at least one nuclear facility will run out of uranium and need to turn off the lights, as fantastic as that may seem, believe it or not. We can already visualize international headlines about the event. igniting a further buying panic resulting in a 'spike' of urnaium prices to sky-high levels because there is no substitute for uranium."
"One reason we have such high targets for precious metals is that they uniquely go up based Mass Fear, whereas the usual driver of bull markets is Mass Greed. The climax of this gold bull market will be driven by Mass Fear and, unlike greed, fear knows no limits."
On Stock Markets:
"Applying trendline-following to the Uptrends in the S&P 500 and the Dow-Jones Transports is basic, so until they they break down we must assume that the Trend is generally higher and remains bullish until the inevitable breakdown does occur."
On World Politics:
"...Governments will use the war on drugs, terrorism, health crises - anything at all to increasingly control is citizens."
"Our predictions have not been so much a war between religions, which will come later, but within, between what we define as the 'orthodox' and the 'seculars,' in every religion worldwide, a brutal battle to the bitter end."
"Avian Flu is already entrenched in avian poop in Southeast Asia, which is a ticking time bomb. As you read this the virus is studying us all, already able to jump species (from birds to humans and cats) and is desperate to transmit from human to human - against which we have no immunity and the fatality rate has been that 70% of those infected have died, a horrific ratio suggesting that two-thirds of all humanity is at risk."
Editors Note: The Dines Letter is probably the best newsletter to which I subscribe. There are stock recommendations, but the real value of the publication is Dines' analysis of the world markets and the psychology of it's participants. The Annual Forecast Issue is like a short paperback book, full of timely observations, recommendations and historical charts, almost in and of itself worth the price of annual admission. I hope Jim Dines doesn't mind my posting from his work, but his ideas are worth repeating here, tantilizing and in my mind, leaving the reader intellectually hungry for more.