Pan American Metals of Miami Reports Gold Rebounding after Correction

Top Quote Gold's rally confirms bullish trend. End Quote
  • (1888PressRelease) August 30, 2011 - MIAMI, FL - Gold rallied over the weekend following a sharp, but anticipated and healthy, correction at the end of last week. How quickly our expectations change; for those who may have despaired over the correction and been concerned that gold had suddenly 'fallen', it is worth remembering that less than three weeks ago there was excitement and amazement that gold had broken through the $1800 barrier. After a fairly impressive rally, even following some profit taking, gold was comfortably back above the $1800 mark again this morning.

    With stock markets rallying in the wake of Ben Bernanke's speech on Friday, it would be understandable if gold dropped again, yet we are still seeing a strong rebound. This would seem to confirm gold's continuing bullish trend. We should also remember that one of the reasons for gold's correction last week was margin hikes; giving some investors no choice but to exit their positions.

    "Holding physical gold bullion remains important to many investors," says Bill Hionas of Pan American Metals of Miami. "The gold you have in your possession is off the market and is secure. Many of our clients want the security of holding actual bullion."

    Silver also continues to hold firm around, or just over, the $40 dollar mark. Like gold, silver has attraction as a hedge against inflation or failing currencies. Owning gold or silver bullion offers the assurance that your purchasing power will not be adversely affected in the event of devaluation or hyperinflation.

    Pan American Metals of Miami offers clients opportunities to purchase gold and silver bullion. Both fully-funded and leveraged positions are available and clients may choose to take physical possession of their bullion.

    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.


    Press Contact
    Debbie Bailey
    Executive Administrator
    Pan American Metals of Miami, LLC
    Email: dbailey ( @ ) investpanam dot com

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