Gold Rebounds, Again says Pan American Metals of Miami
(1888PressRelease) Gold is already showing signs of bouncing back.
MIAMI, FL, The consensus of experts’ predictions for the coming week is that gold will begin to rebound and that prices will be higher following gold’s dramatic slide at the end of last week.The near panic that has greeted the news of tumbling stocks and tanking prices for precious metals seems a little excessive.
The events that precipitated this were not unexpected and we have surely, by now, come to realize that gold will be volatile for a while. Generally speaking, no sooner has the ink dried on the newspaper reports of gold plummeting than reports of its recovery are being broadcast; then, just as everyone breathes a collective sigh of relief and realizes there was nothing to panic about after all, it slides down again, and so on and so on. Investors interested more in speculation may be tempted to take profits or liquidate an asset that has actually performed superbly for them; however, they might be better advised to buy in the dip!
Nervousness is likely to prevail however, and there will be no shortage of doom merchants ready to say ‘I told you so, the bubble has burst’. Nevertheless, active buying by bargain hunters is likely to push the price of gold bullion back up again.
“We can expect the next few weeks to be key for gold, in terms of which direction it will end up going,” says Bill Hionas of Pan American Metals of Miami. “It will be interesting to see how gold responds to this erratic market.”
There are certainly enough macroeconomic factors to support gold in the long term; the European situation is still a serious concern and the US economy is hardly inspiring confidence in investors following the statement last week that there were ‘significant risks’.
Pan American Metals of Miami deals in gold, silver, platinum and palladium. The brokerage is located in Miami, at the financial hub of North and South America.
About us:
Pan American Metals of Miami, LLC is 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.panamericanmetalsofmiami.com
Press Contact
Debbie Bailey
Executive Administrator
Pan American Metals of Miami, LLC
Email: dbailey ( @ ) investpanam dot com
Website: http://www.panamericanmetalsofmiami.com
Source:
http://www.1888pressrelease.com/gold-rebounds-again-says-pan-american-metals-of-miami-pr-337904.html
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