Pan American Metals of Miami says Patience is Needed but Gold Will Recover

Pan American Metals of Miami says Patience is Needed but Gold WillRecover(1888PressRelease) Gold will rebound based on strong physical demand and themacroeconomic environment.(1888PressRelease) MIAMI, FL - Gold is still recovering from last weeks dramatic fall but wasrebounding today, September 29, based on the strengthening euro, in the wake of a successfuloutcome to the Greek crisis and also on strong physical demand. Analysts at Deutsche Bank saidgold 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 thereseems little doubt that it is on its way back up and that the forecasts of $2000 an ounce for nextyear still hold good."We may have to be patient but investors buying gold bullion at todays prices should be gettinga true bargain," says Bill Hionas of Pan American Metals of Miami. "Everything is set fair forgold to recoup the losses it suffered last week and, at these bargain-basement prices, there will besignificant gains to be made in the next few months."While October is traditionally a slow season for the gold market, we still have the Indianfestivals coming up at the end of the month. This should cause increased demand from thatnation, 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 metalsbullion: gold, silver, platinum and palladium.About us:Pan American Metals of Miami, LLC is a group of traders, investors and account executives whocombine many years of experience to help clients invest in bullion. PAMM provides anindividual investment service and is based in Miami, Florida for convenient access to both Northand South American investors.Website: http://www.panamericanmetalsofmiami.comPress ContactDebbie BaileyPan American Metals of Miami, LLCEmail: dbailey ( @ ) investpanam dot comWebsite: http://www.panamericanmetalsofmiami.comTrack back Url :

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Pan American Metals of Miami says Patience is Needed but Gold Will Recover

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