Prices remain fairly steady as drama in Europe continues.
(1888PressRelease) November 15, 2011 - MIAMI, FL - At the time of writing precious metals are holding their ground in a relatively calm market. The past few weeks have seen a great deal of volatility, with last week seeing significant gains.
Gold is being pushed in two directions at once with bargain hunters buying dips and some safe-haven demand based on the ongoing crisis in Europe and continuing unemployment in the US while, on the other hand, some investors look to liquidate and take profits, causing some sell off. The long-term situation on both sides of the Atlantic is likely to affect gold prices. If the US is unable to deal with its budget deficit and the current debacle in Europe continues or worsens, then we should see gold rising.
Platinum and palladium are both forecast to end the year with a small surplus. However, demand is likely to increase for both metals as the automotive market remains healthy. There is one downside to this insofar as, for every new car produced, an older car is eventually scrapped, putting more supplies of recycled platinum and palladium into the system. Nevertheless, one surprising factor that has affected the palladium market has been a falling off in investment interest. This seems strange given palladium's strong recovery lately. There is still room for growth in the palladium market and forecasts for 2012 are positive.
Silver, benefiting from both industrial and investment demand has been holding fairly steady, hovering around $34-$35 an ounce.
As CEO of Pan American Metals of Miami, Bill Hionas leads a team of seasoned investors, traders and account executives that offers clients the opportunity to purchase precious metals bullion. For further information please contact www.billhionas.com
About Bill Hionas:
Bill Hionas is CEO of Pan American Metals of Miami, LLC, 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.
Prices remain fairly steady as drama in Europe continues. 
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