Tuesday, October 6, 2009

Dollar Decline…the Pound next?

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 (1395 views)
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15 thoughts on “Dollar Decline…the Pound next?

  • Alan,

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

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

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  • 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.

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  • 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?

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  • 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?

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  • brickormortis says:

    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

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

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  • “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!

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  • 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!

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  • 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.

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  • 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?

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  • 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)

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  • 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

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

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  • 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.

    Reply
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