Pan American Metals of Miami Gold Rebounds in Light of Increase in US Jobs

Pan American Metals reports definite recovery in gold prices on Friday, May 6th, 2011 in light of April report on US job market.

2011-07-22

MIAMI, FL, July 22, 2011 (Press-News.org) Following publication of April's employment figures; with an additional 244,000 non-farm jobs, gold has rebounded, up 1.3% on Friday morning. Analysts feel that gold has stabilized in the wake of the news; increased employment is good for the economy.

"This is the time to consolidate bullion holdings, not to sell," says Bill Hionas, CEO of Pan American Metals of Miami (PAMOM). "The trend at the moment is towards accumulation; prudent investors are looking at the long term."

This is good news for investors with holdings in gold, coming, as it does, at the end of a volatile week of trading. Although some analysts remain cautious, the majority expect gold to rise further next week while others expect it to stabilize. Deutsche Bank stated Friday that the recent downward correction in gold prices would be short-lived while HSBC predicted that bullion prices were 'close to bottoming'. Furthermore, many traders are seeing heavy demand for gold from buyers. It is widely accepted that gold will likely be the first of the precious metals to recover from this week's slide.

By close of business Friday, PAMOM was showing gold at $1495, within reach of the $1500 benchmark, with silver and palladium prices also up. PAMOM's team of brokers offer advice tailored to each investor's specific needs.

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.panamericanmetalsofmiami.com

Press Contact
Debbie Bailey
Executive Administrator
Pan American Metals of Miami, LLC
Email: dbailey@investpanam.com
Website: http://www.panamericanmetalsofmiami.com

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