"With the release of the Fed minutes creating havoc in key markets,
today King World News interviewed Peter Schiff, CEO of Europacific Capital.
Schiff told KWN the knee-jerk reaction in markets which took place as a result
of the release of the Fed minutes is off base. He said the Fed is going to come
in with QE3 and noted the Fed even stated in their own minutes they stand ready
to come in with more QE if the economy needs it. Here is what Schiff had to
say: “People that are assuming it (QE) is off the table based on these
minutes are wrong. I would really fade this trade. I don’t see why gold would
be getting crushed based on these minutes. I looked at the minutes and yes, the
Fed didn’t come right out and say QE3 is coming. They are not going to do
that. They are never going to do that.”
at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/4/3_Peter_Schiff_-_Reaction_to_Fed_Minutes_Wrong,_QE3_is_Coming.html
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