Pan American Metals of Miami says Gold is Already Rallying Following Earlier Slide |
| November 11, 2011 | November 2011 Bond Updates |
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Present dip in price of gold is likely to be short lived. (1888PressRelease) MIAMI, FL - At the time of writing, gold is already rallying following its slide Thursday, suggesting possible buying by bargain hunters. The consensus of market experts is that gold is still definitely enjoying a bull run but that there will be some short-term volatility. Unfortunately, gold can be a victim of its own success. It outperforms almost any other asset and, as a result, it is vulnerable to profit taking and selling off. Fund managers needing to show a profit on their clients' portfolios will sell gold, especially if they need to cover losses elsewhere; speculators will take profits, as gold reliably produces profits; all these actions serve to drive down the price - in the short term. The underlying macroeconomic factors that are supportive of gold bullion have not changed. The debacle in Europe continues, even though the headlines change daily; serious issues of sovereign debt remain in the euro zone and neither Greece nor Italy currently has a stable government. Additionally there are rumors, unsubstantiated as yet, that German Chancellor Angela Merkel and French President Nicolas Sarkozy are considering an exit route for some countries to leave the common currency. If this were to be the case it would be a major U-turn indeed as membership was declared to be 'irrevocable'. Meanwhile, in the US, job figures continue to be less than stellar and the dollar rises and falls with every changing headline. "Gold bullion has proven its value times many over the last decades," says Bill Hionas of Pan American Metals of Miami. "The current dip in price, which seems unlikely to last long, should be taken as an opportunity to increase ones bullion holdings." Investors interested in diversifying into precious metals bullion should contact the investment team at Pan American Metals of Miami. About us: Pan American Metals of Miami, LLC is a group of traders, investors and account executives that combines 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.com Website: http://www.panamericanmetalsofmiami.com |
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