Pan American Metals Of Miami Says Future Looks Bright If Gold Can Hold
On To Current Gains
(1888PressRelease) Suggestions of further quantitative easing are supportive of gold.
(1888PressRelease) MIAMI, FL - Today saw the strongest hints yet that the Federal
Reserve might consider further easing sooner rather than later. Meanwhile, European
leaders are meeting in Brussels to decide on the next course of action to solve the
escalating crisis in the euro zone. Despite the fact that Italy has managed to achieve a
temporary respite, bond yields remain extortionately high and Greece is due for another
bailout of 8 billion euros in December.
Gold is currently being supported by some safe haven buying and some buying by bargain
hunters and it seems as if volatility may continue in the short term as gold persists in
traveling in tandem with the euro. Nevertheless, the overall trend looks very optimistic for
gold and precious metals. Further quantitative easing, whether in Europe or the US, would
help drive up the price of gold as investors would be desperately seeking the safe haven of
a tangible asset with intrinsic value. Gold has stood the test of time and consistently
outperformed other assets, apart from oil, through every major financial crisis in the last
twenty years.
"At present, market analysts are looking for consistency over $1700 or $1725 to start a
new technical buying pattern," says Bill Hionas of Pan American Metals of Miami. "If gold
can hold its own above those levels then it should go higher. At the moment gold is trading
higher against a weaker dollar as more hopeful news comes out of Europe."
Pan American Metals of Miami 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 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 dot com
Website: http://www.panamericanmetalsofmiami.com
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