Tuesday, October 6, 2009
Dollar Decline…the Pound next?
â€œThe U.S. dollar is taking an incredible beating,â€™â€™ Miguel Perez-Santalla, a Heraeus Precious Metals Management sales vice president in New York, said in a note. â€œGold has gotten a tremendous boost on this. The other metals rallied along.â€™â€™.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).