Consensus is that gold's bull run will continue for a twelfth straight year.
(1888PressRelease) January 10, 2012 - MIAMI, FL - The majority of market experts: financiers, gold dealers, investment bankers, fund managers, etc., seem to agree that the pointers for 2012 are extremely positive for gold. The precious metal's lackluster finish in the fourth quarter of 2011 was partly due to reduced demand from India - attributable to the fact that gold was too expensive to buy in rupees. Since India is the world's largest buyer of gold bullion, this obviously affected the market. Experts forecast Indian demand to increase significantly during the first half of 2012. At the time of writing, we are still in Khar Mass, a month on the Hindu calendar that is considered inauspicious for any kind of new financial venture. We can look for demand from India to pick up after the middle of January.
Macroeconomic factors are also strongly supportive of gold. Continuing problems in Europe, while tending to cause a stronger dollar and hence putting a cap on gold prices, nevertheless increase demand for a safe haven for wealth protection. 2012 also opened with the threat of military action between the US and Iran and a possible limitation of oil supplies from that country. Central bank buying also continues to be strong, another factor supporting an increase in the price of gold bullion.
"The fundamentals supporting the price of gold remain strong," says Bill Hionas of Pan American Metals of Miami. "Predictions for 2012 are for gold to reach, and possibly surpass, $2000 an ounce."
There may well be further corrections in the market as the price of gold consolidates in the near future but the overall trend should be firmly upward.
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Pan American Metals of Miami, LLC is 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.
Website: http://www.panamericanmetalsofmiami.com
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Debbie Bailey
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Pan American Metals of Miami, LLC
Email: dbailey ( @ ) investpanam dot com
Website: http://www.panamericanmetalsofmiami.com
Consensus is that gold's bull run will continue for a twelfth straight year. 
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