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March 20, 2009

Gold Prices after the FED Meeting

Gold prices continue to advance and gold stocks, the Philadelphia Gold Index was up another 7% today after its 9% jump yesterday. The index is up 20% since the FED`S announcement yesterday`s afternoon.

The dollar index dropped 3% yesterday and 1,5% today, that is 4,5% in two days. Ultimatelly this is going to turn into a rout on the dollar.

(transcript from the videolog)

Peter Schiff is the President and Chief Global Strategist of Euro Pacific Capital. As a result of his accurate forecasts on the U.S. stock market, economy, real estate, the mortgage meltdown, credit crunch, subprime debacle, commodities, gold and the dollar, he is becoming increasingly more renowned.

He has been quoted in many financial TV channels like CNBC, CNN, Fox News, Fox Business Network, and Bloomberg T.V.. In Peter Schiff`s blog you can track all his investment and trading ideas for 2009 as well as all his public appearances on TV, video or in the press.
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