Precious Metals Set Fair for Recovery

Top Quote Following a rocky week, Pan American Metals reports encouraging signs for the bullion market. End Quote
  • (1888PressRelease) July 21, 2011 - MIAMI, FL - The past week has not been for the faint-hearted investor, but Friday saw definite signs of recovery, especially for gold. There has been a noticeable increase in buyers wanting to purchase the precious metal, possibly due to bargain-hunting, and gold closed at $1491.60 in New York Friday. For gold to rise while silver is falling is very unusual; it is widely felt by market analysts that silver has been more severely affected by recent events and that gold will outperform silver in the coming weeks. However, silver is certainly not out of the race. Pan American Metals showed not only gold, but also silver and palladium closing up on Friday, indicating a definite recovery.

    "Investors have been taking advantage of the short-term dips to accumulate," says Bill Hionas, CEO of Pan American Metals of Miami. "Prudent investors are consolidating; there is every indication of a recovery in the coming weeks."

    According to Kitco's weekly gold survey, precious metal market analysts are anticipating a rise in the price of gold next week, with over 55% predicting a bullish trend and a further 14.8% suggesting that next week will see consolidation.

    PAMOM's team of seasoned brokers offers investors the opportunity to obtain physical holdings in four precious metals; gold, silver, palladium and platinum. Clients can hold bullion themselves or choose to have it placed in a repository for safe-keeping.

    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. PAMOM 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: invest ( @ ) investpanam dot com

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