A year ago, Vancouver portfolio managers Mark Jasayko and Neil McIver made forecasts about the direction of world currencies, stock markets, gold prices, oil, natural gas, commodities, interest rates, Canadian real estate and carbon credits. They were on the money on every front except interest rates. Here are their fearless forecasts for 2012:

Higher gold prices, flat Canadian stocks seen. In 2012, portfolio managers also forecast higher interest rates, lower real estate prices, loonie between 90 cents and par and flat food costs...