Tuesday, Oct 06, 2009

Dollar Decline...the Pound next?

Bloomberg: Platinum, Palladium Gain as Gold Rises to Record on Dollar Drop

“The U.S. dollar is taking an incredible beating,’’ Miguel Perez-Santalla, a Heraeus Precious Metals Management sales vice president in New York, said in a note. “Gold has gotten a tremendous boost on this. The other metals rallied along.’’.The analysts said the metal is forecast to be at $1,450 an ounce in the second half of 2010. (In 1967, Harold Wilson gave the "pound in your pocket" speech - the US version may come soon).

Posted by alan @ 04:53 PM (1347 views)
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17 Comments

1. uncle tom said...

Alan,

The forecast for $1450 was for Platinum - not Gold.

Tuesday, October 6, 2009 05:08PM Report Comment
 

2. debtfree said...

The £ is down against the $, that's how much deep doo doo we're in !!

Tuesday, October 6, 2009 05:13PM Report Comment
 

3. crunchy said...

paul, do you remember that little chat we had about the Dollar some time ago? lol.

We also had a little chat about food shortages. I lay in wait again on that one.

Know some of the agendas and everything falls strangely into place.

Tuesday, October 6, 2009 05:37PM Report Comment
 

4. mrflibble said...

Pound next? It was pound first! Have you seen the state of it?

We are posting new yearly lows against virtually every currency almost every day.

Is there a point at which Sterling will get some support or will it just be allowed to crawl off and die in a corner?

Tuesday, October 6, 2009 05:43PM Report Comment
 

5. alan said...

Thanks UT,
There wasn't a forecast for gold in the article... Apologies, it must have been wishful thinking. Perhaps the dollar won't slip down that fast.

But even with all the dollar problems, the £ still seems to be slipping. Maybe Mervyn will increase Interest Rates to support the £ ....oh no, that wouldn't work before an election, would it?

Tuesday, October 6, 2009 05:54PM Report Comment
 

6. brickormortis said...

The pound's next? Have you seen the state of it?

Firstly against the Australian dollar, if you having any antipodean dealings:
http://www.advfn.com/p.php?pid=qkchart&symbol=FX^GBPAUD&period=1&freq=0

Or how about a visit to Zuid Afrika:
http://www.advfn.com/p.php?pid=qkchart&cb=1254852983&symbol=FX%3AGBPZAR

What about a quick visit to Paris?
http://www.advfn.com/p.php?pid=qkchart&cb=1254853020&symbol=FX%3AGBPEUR

New Zealand anyone?
http://www.advfn.com/p.php?pid=qkchart&cb=1254853060&symbol=FX%3AGBPNZD

What about some bear tracking in canada?
http://www.advfn.com/p.php?pid=qkchart&cb=1254853144&symbol=FX%3AGBPCAD

And lots more if you have a look!

BM

Tuesday, October 6, 2009 07:24PM Report Comment
 

7. mark said...

i think they are heading for oil priced in euros or chinese .....

Tuesday, October 6, 2009 07:43PM Report Comment
 

8. techieman said...

“The U.S. dollar is taking an incredible beating,’ - erm is it?? The Euro is worth around $1.47, $1.60 in July last year and 1.48 and change last week. Fair dues its been to $1.25 is. So the dollar is not as weak as it was in July 2008 and not even as weak as it was last week.

Granted the yen is a bit of a different story though!

Tuesday, October 6, 2009 08:03PM Report Comment
 

9. This comment has been removed as it was found to be in breach of our Blog Policies.

 

10. crunchy said...

9. titaniccaptain

I am bored of defending my corner on long term agendas.

All I know is I have made a whole lot more money from being a conspiraloon than by blindly being "above it all." That's a good test of bull!

I owe so much to the likes of Mr Icke and so many others who have had the courage to challenge our thinking and perceptions of this tiny

tainted world we live in.

.".....oi have been tinking da same ting. If that's all I get for being a supporter or not being anall with my spellling I have gotten off bloody

lightly. Small cheese! At least on the face of it you are now acknowledging one of the many, but who really knows with your type!

Tuesday, October 6, 2009 08:46PM Report Comment
 

11. jackas said...

When it comes a dark cloud will descend upon the US. It is already descending upon the UK.

It will be followed by a series of bright flashes.

And then peace.

Tuesday, October 6, 2009 11:04PM Report Comment
 

12. rumble said...

TC, "And I ain't even going into the Bible prophecies that look like they are unfolding"
I noticed that too!

Crunchy, your posts have always made sense to me, but I've had a look at David Icke and wasn't impressed. Also, trading on such long term agendas means very long term positions, which means looooots of missed trading... no?

Tuesday, October 6, 2009 11:33PM Report Comment
 

13. This comment has been removed as it was found to be in breach of our Blog Policies.

 

14. crunchy said...

12. rumble

It's not all long term. Take that massive drop in the oil price some time back. I knew when that would happen and were it was going to

channel, thanks to Mr Williams. A brave man!

Oil @ 35 bucks was a plain common sense long. Longer term agendas as is evident with the slow US Dollar dimise can continue through

generations. Look over the years you will see. They want a new currency and that's all I need to know.

I am a trading junky and trade on lots of different time scales. Naughty but nice!

Now that's clearer. Who said anyone has to accept the likes of D. Icke lock stock and barrel. I take what feels right from lots of sources

and it all goes into the mixing pot. (Very short summary)

Wednesday, October 7, 2009 06:58AM Report Comment
 

15. robh said...

It always eases the 'falling' of existential crisis to find a convincing reason in the world

The projection of your own beliefs and working methods is so strong that you believe it to be in the world

One persons conversation is another persons conspiracy

Wednesday, October 7, 2009 07:14AM Report Comment
 

16. rumble said...

I think there may be some confusion between the deliberate and the inevitable - final outcome the same.

Wednesday, October 7, 2009 11:38AM Report Comment
 

17. crunchy said...

16. rumble

These things have been planned and documented long before they happen. I rely on dedicated and knowledable people to do the research.

You could not be further from the truth. However it's a much more comforting thought. You are welcome to it.

Wednesday, October 7, 2009 12:02PM Report Comment
 

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