Friday, April 6, 2012

Peter Schiff - Goldseek Radio - 05 APR 2012

Peter Schiff - Goldseek Radio - 05 APR 2012 : gold is down about 35 dollars as we speak it is under a lot of pressure since the FOMC release , apparently the gold traders are upset that the FED did not say QE3 is coming next week says Peter Schiff , I do not see how they closed the door to QE3 in fact I think it is a certainty , the FED is going to play it by the years and there is going to be more stimulus if the economy needs it just that they are saying it does not need it now , they are keeping interest rates at zero which is massive stimulus already the FED has to print a lot of money and buy bonds to keep interest rates at zero so I think we have QE3 already says Peter Schiff....

Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.

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