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Michael Pento Joins Euro Pacific as Senior Economist

July 27 (Bloomberg) -- Michael Pento, who correctly predicted the 2008 commodity market collapse, joined Euro Pacific Capital as a senior economist.

Pento said today in a telephone interview that he will be based in New York and cover macro-economic trends and “international investment and commodities, in particular precious metals.” He will also serve as the firm’s vice president for managed products.

Pento was previously a Holmdel, New Jersey-based senior market strategist at Delta Global Advisors of Huntington Beach, California. Euro Pacific is run by Peter Schiff, who predicted the recession in 2006.

To contact the reporter on the story: Millie Munshi in New York at mmunshi@bloomberg.net.

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net

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