Bill Hionas says Macroeconomic and Seasonal Factors are Keeping Gold Prices Bullish
(1888PressRelease) Bullish trend in gold set to continue as we enter main buying season.
MIAMI, FL – Market analysts mostly agree that the bull market in gold is far from over. There appear to be sufficient macroeconomic factors to ensure gold prices continue to rise in the coming weeks. Debt concerns persist in Europe and disappointing employment figures plus talk of further quantitative easing in the US have investors running to safe havens.
These factors alone are sufficient to keep gold prices buoyant but, additionally, we have now entered the main gold-buying season. As this, far from normal, summer draws to a close, we find ourselves in Eid, which will be followed by Diwali, then the Indian wedding season, Christmas and finally, the Lunar New Year. Gold is the traditional gift for these major celebrations, especially in India and China, two of the world’s largest consumers of gold bullion. Bearing in mind that summer is historically something of a ‘down’ time in the gold markets, with prices picking up in the fall, we would expect to see gains now anyway. But, of course, this summer has definitely not followed the normal pattern. ‘Sell in May and go away’ would not have been good advice this year!
The higher prices may well be accompanied by more volatility but increased investment demand, as more and more investors diversify into gold bullion, ensures that dips will be controlled due to eager buying.
“Prudent investors are diversifying into gold and will be using dips to increase their holdings,” says Bill Hionas. “This will help prevent corrections from being too sharp.”
With gold breaking through $1900 again over the Labor Day weekend, it would seem that this fall may prove to be just as exciting as the summer has been.
About Bill Hionas:
Bill Hionas is CEO of Pan American Metals of Miami, LLC, a group of traders, investors and brokers who combine many years of experience to help clients invest in bullion. PAMM provides an individual investment service and is based in Miami, Florida for convenient access to both North and South American investors.
Website: http://www.billhionas.com; http://www.panamericanmetalsofmiami.com
Press Contact
Debbie Bailey
Executive Administrator
Pan American Metals of Miami, LLC
Email: dbailey ( @ ) investpanam dot com
Website: http://www.billhionas.com; http://www.panamericanmetalsofmiami.com
Source:
http://www.1888pressrelease.com/bill-hionas-says-macroeconomic-and-seasonal-factors-are-keep-pr-332696.html
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