Despite some revisions, predictions for the second half of 2011 and beginning of 2012 remain positive for the precious metals market.
(1888PressRelease) July 16, 2011 - MIAMI, FL - Forecasts for precious metals have been revised a little but still look very encouraging. For example, BNP Paribas has revised its earlier prediction for palladium, taking into account the effects of March's earthquake and tsunami on Japan's auto industry and slower growth from China's auto industry. Nevertheless, the forecast remains for a small deficit in palladium in 2012 and for a price of $810 by the end of this year and $960 for 2012.
Platinum has suffered more, remaining in surplus, but predictions still hold at $1815 for 2011 and $1965 for 2012. This suggests gains of almost $30 for palladium and over $50 for platinum, from today's prices, before the end of this year.
Predictions for silver, however, remain unchanged with BNP holding firm to its earlier forecast of $42.55 for the fourth quarter of this year and $45.30 for the first quarter of 2012. There is a general consensus that silver will rebound quickly once the $40 benchmark is passed. Silver is currently hovering just below the $40 level.
In an interview with Kitco News July 15, David Morgan, founder of Silver-Investor.com suggested that hints of further quantitative easing would likely have a greater effect on the price of silver than on the price of gold. Asked about the best way to invest in silver, Morgan responded, "[T]he best way to start any metals portfolio is to buy the actual metal itself."
Meanwhile, Deutsche Bank also remains optimistic for both gold and silver, suggesting long-term targets of $2,000 for gold and $50 for silver. Additionally, supplies of gold may be threatened by the likelihood of a miners' strike in South Africa.
Pan American Metals of Miami (PAMM), under the leadership of Bill Hionas, offers investors the opportunity to add precious metals bullion to their portfolios. PAMM trades in gold, silver, palladium and platinum.
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. PAMM provides an individual investment service and is based in Miami, Florida for convenient access to both North and South American investors.
Despite some revisions, predictions for the second half of 2011 and beginning of 2012 remain positive for the precious metals market. 
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