Pan American Metals Of Miami Gold Still on a Determined Upward Trend

Pan American Metals reports that gold is set fair to continue its current trend; short-term falls should not have a major impact.

2011-05-04

MIAMI, FL, May 04, 2011 (Press-News.org) Despite some slight falls, gold is remaining comfortably above $1500 an ounce and market analysts are confident that short-term corrections will have no major impact on gold's upward trend.

"We are certainly not seeing the volatility with gold that we have seen in silver over the last 24 hours," says Bill Hionas, CEO of Pan American Metals of Miami (PAMOM). "Profit-taking is partly responsible for paring some of the gains made by gold in recent days."

Recent weeks have seen the precious metals market heading nowhere but straight up, with seemingly no end in sight. Gold has always been the choice for investors looking for a hedge against inflation or worried by the threat of a possible US dollar collapse. Most investors have included gold, and other precious metals, in their portfolios and will continue to do so, regardless of any temporary strengthening in the buying power of the dollar.

"Our clients are extremely happy with their portfolios at this time," says Debbie Bailey, executive administrator at Pan American Metals. "Pan American's brokers bring a wealth of collective experience to the firm."

At end of trading on Monday, gold closed at $1557.10 an ounce, gaining 70 cents. While the news of Osama Bin Laden's death may have temporarily strengthened the dollar, fears of possible retribution, directed at the United States, have caused the currency to waver again, with a corresponding upswing in the purchase of precious metals, and gold in particular, as a safe haven.

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: invest@investpanam.com
Website: http://www.investpanam.com

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Pan American Metals Of Miami Gold Still on a Determined Upward Trend

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