Pan American Metals Of Miami Says Patience Is Needed But Gold Will Recover

(1888PressRelease) Gold will rebound based on strong physical demand and the macroeconomic environment.

MIAMI, FL - Gold is still recovering from last week's dramatic fall but was rebounding today, September 29, based on the strengthening euro, in the wake of a successful outcome to the Greek crisis and also on strong physical demand. Analysts at Deutsche Bank said gold should be the main beneficiary of the present unstable macroeconomic environment. Obviously it will take a little time for gold to recover from its recent precipitous drop but there seems little doubt that it is on its way back up and that the forecasts of $2000 an ounce for next year still hold good.

"We may have to be patient but investors buying gold bullion at today's prices should be getting a true bargain," says Bill Hionas of Pan American Metals of Miami. "Everything is set fair for gold to recoup the losses it suffered last week and, at these bargain-basement prices, there will be significant gains to be made in the next few months."

While October is traditionally a slow season for the gold market, we still have the Indian festivals coming up at the end of the month. This should cause increased demand from that nation, as gold ornaments and jewelry are the traditional gifts for major festivals in India.

Silver futures are also looking up based on demand from the Navatra festival.

Pan American Metals of Miami is located in Miami, Florida and trades in precious metals bullion: gold, silver, platinum and palladium.

About us:

Pan American Metals of Miami, LLC is a group of traders, investors and account executives 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

Pan American Metals of Miami, LLC

Email: dbailey ( @ ) investpanam dot com

Website: http://www.panamericanmetalsofmiami.com

Source:

http://www.1888pressrelease.com/pan-american-metals-of-miami-says-patience-is-needed-but-gol-pr-339347.html

by: Alberto Stellpflug

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