Pan American Metals Gold Rebounds as US Dollar Weakens

Pan American Metals reports gold recovering as losses are offset by weakening US dollar

2011-05-23

MIAMI, FL, May 23, 2011 (Press-News.org) Market reports for Wednesday, May 4 suggest that gold is recovering from recent losses as the US dollar shows signs of weakening again. Gold has, historically, been the favorite choice for investors looking for a safe haven in times of inflation and falling currency values. As the buying power of the dollar decreases it is likely that gold will recover further. Analysts reported Wednesday that investors are remaining loyal to gold and silver, understanding that short-term losses are inevitable and that both metals still have a long way to go upwards. Midweek trading on the New York exchange showed gold opening with a slight gain.

There have also been reports of a buoyant auto sales market, particularly from US auto makers, Chrysler, GM and Ford. The use of precious metals such as silver, platinum and palladium in catalytic converters means that increased auto sales should show increased demand for these metals, further supporting recovery in the bullion market.

Says Bill Hionas, CEO of Pan American Metals, "The signs are still very positive for the precious metals market; gold continues to hold its ground and the underlying economic conditions strongly support a continued rise in value for precious metals."

Pan American Metals offers both fully-funded and leveraged positions, allowing investors access to the power and value of the metal markets. Current clients are delighted with their portfolios.

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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[Press-News.org] Pan American Metals Gold Rebounds as US Dollar Weakens
Pan American Metals reports gold recovering as losses are offset by weakening US dollar