Is 2013 the Year of $50 Oil and $1,200 Gold?
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 WTI crude 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 $85-90 a barrel to keep their balance in check, so this could have huge implications for the Middle East."
"We could have energy costs go down net-net for consumers, and that's what the world needs right now," he added.
(Read More: Gas Prices Hit New 2012 Low)
Jakobsen has also predicted that the Dax stock index could fall by a third as Germany's industrial expansion slows in 2013, and the cost of soy beans may rise by 50 percent. His predictions include a default for Spain, rises in both the dollar/yenand euro/Swiss franc and Hong Kong swapping the Hong Kong dollar's peg from the U.S. dollar to China's renminbi.
These predictions should be taken with a pinch of salt as most of Jakobsen's similar predictions last year didn't come true – most notably the forecast that Apple's stock would lose 50 percent from its 2011 high. The technology company is actually up 28 percent on the year after the successful iPhone5 and iPad Mini launches.
(Read More: Outrageous Predictions for 2012)
Predictions which did come true included the rise of Sweden and Norway as safe havens and a slowdown in Australia's growth.
Jakobsen himself adds that these particular predictions are "ten events which could change the financial landscape" or black-swan type events rather than ten he thinks are sure bets. He cautioned investors against discounting such events.
"Complacency is as big as we've seen in many years," he warned.
(Read More: Boldest Predictions for 2013)
Another of his more extreme calls is the 50 percent rise in the cost of soy beans. Last year, he predicted a similar rise in the cost of wheat, which was outstripped by sky-high corn prices after a series of bad weather events.
"China is very aggressively stockpiling soy beans because it fears this happening," he warned.
The potential removal of the Swiss franc E1.20 peg to the euro has become more discussed in recent months, but few have made the call that its removal would send the euro/Swissie to 0.95, as Jakobsen does. He argued that the Swiss National Bank, which has bought up unprecedented levels of foreign currency to maintain the peg, will have to balance exports with the risks posed to the Swiss sovereign wealth fund – which he believes is over-exposed to Australian bonds and U.S. Treasurys.