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Gold Slides Lower on Technical Pressure says Pan American Metals of Miami | |
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November 17, 2011 Gold slid sharply lower today, November 17, based on technical pressure and a strong US dollar. MIAMI, FL - One question for investors to ask is how much farther gold is likely to fall, since a significant dip in price should be seized as a buying opportunity. As soon as bargain hunters move in, then the price will obviously rise again. Another question is when will gold start acting like a safe haven again? Or how bad does the European debt crisis have to get before investors are driven back to gold as the ultimate safe haven? There are no easy answers to these questions. Most market experts agree that gold is behaving uncharacteristically at the present time. As fear of debt contagion spreads like wildfire through Europe and beyond, precious metals bullion would still seem to be the clear winner in the rush to find a safe place for wealth protection. Traditionally gold and silver, in particular, have fulfilled this role perfectly. Most seasoned analysts feel this is still the case; however, we are apparently looking at some short-term losses for gold bullion before we see substantial medium- to long-term gains. "We have experienced this kind of roller coaster for months now," says Bill Hionas of Pan American Metals of Miami. "The point for investors to bear in mind is that the macroeconomic factors underpinning gold have not changed. If anything, the support for gold should become stronger as a result of the ongoing uncertainty in the euro zone." Investors who are interested in precious metals bullion can gain assistance from PAMOM's team of experts. The team offers advice specifically tailored to the needs of each individual client. 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 305-733-7419 Executive Administrator Pan American Metals of Miami, LLC Email: dbailey@investpanam.com Website: http://www.panamericanmetalsofmiami.com Source: http://www.1888pressrelease.com/gold-slides-lower-on-technical-pressure-says-pan-american-me-pr-351242.html |
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