Pan American Metals of Miami: London's Reopening Boosts Gold Recovery

    MIAMI, FL, May 12, 2011 /24-7PressRelease/ -- As suspected, the volatile trading in gold and silver that took place on Monday, following the announcement of Bin Laden's death, was affected in part by the public holidays in Europe. The UK, for example, had an extra-long weekend, with a holiday being granted for the royal wedding, Friday April 29, in addition to the May Day holiday on Monday. As markets reopened in London today, profit-taking could explain a temporary drop in gold prices, which had risen since close of business the previous Thursday.

Says Bill Hionas, CEO of Pan American Metals, "As we predicted, the drop in metal prices on Monday is a temporary correction; the overall trend is still strongly upward."

Market analysts suggest that dips in gold and silver have created bargain-hunting opportunities for buyers. There is nothing to indicate that a market top is being approached. Gold closed today at $1551.40 an ounce. Pan American Metals retains faith in the continued upward trend of gold and other precious metals, the underlying causes for the present success of the bullion market have not changed. People are still looking to protect their wealth against the effects of inflation and the slight strengthening of the dollar which has recently occurred is deemed unlikely to continue. Investors are encouraged to consider the long-term market trends; precious metals should continue to be the choice of the savvy investor. Pan American Metals' team of brokers offer investors opportunities to own gold, silver, palladium and platinum.

About us:

Pan American Metals of Miami, LLC is a group of traders, investors and brokers who combine many years of experience to help clients invest in bullion. PAMOM provides an individual investment service and is based in Miami, Florida for convenient access to both North and South American investors.

Website: http://www.investpanam.com

Press Contact
Debbie Bailey
Executive Administrator
Pan American Metals of Miami, LLC
Email: [email protected]
Website: http://www.investpanam.com

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