Released on: September 11, 2008, 2:36 am

Press Release Author: Lisa Hardcastle

Industry: Financial

Press Release Summary: Private Equity Placement reportedly jubilant as gold and
silver surge on dollar weakness

Press Release Body: Private Equity Placement were thought to be quietly confident
that the gold bull market had returned as the yellow metal surged by as much a $20
on renewed dollar weakness and crude oil with which it generally has a loose price
correlation.

Private Equity Placement are thought to believe that as the US is effectively
running a negative real interest rate environment, the erosion of dollar holdings is
likely to continue thereby fostering an ideal environment for gold and other
precious metals to thrive as “anti-dollar” hedges against inflation.

The Federal Reserve\'s benchmark US interest rate stands at 2 percent, down from 5.25
percent in September. Consumer prices have risen 5.6 percent in the year through
July, the biggest jump in 17 years.

Crude oil rose as much as 5.6 percent on speculation rising tensions between the US
and Russia may disrupt supply. A Private Equity Placement spokeswoman suggested
that the dollar had become overbought after last week’s surge which the
European-based investment manager is thought to believe may have been the result of
coordinated central bank intervention although she would not confirm nor deny if
this was the firm’s official line.


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