Low price is uncharacteristic; gold will rebound as European crisis continues.
(1888PressRelease) November 17, 2011 - MIAMI, FL - The world is focused on Greece and Italy hoping to see some resolution to the crisis. Meanwhile markets are nervous and gold, strangely, has dropped below $1750 for the first time in a while. Gold prices had appeared to be range bound between $1750 and $1800, unable to break through either barrier yet now we are seeing a sharper decline as the US dollar gains and there is a rush to liquidate. None of this makes sense to seasoned market watchers who would expect gold to be acting as a safe haven and, in all likelihood, soaring through to $2000 an ounce by now. In fact, most experts agree that this will indeed happen, eventually. For now, however, gold is continuing to act in an uncharacteristic fashion while the dollar is the safe haven of choice.
What happens next will largely depend on how the European drama plays out. However, the debt load is massive and there will be no easy solution. Printing more money is one option. If this were to happen then gold would instantly go through the roof. Once doubt is cast on existing fiat currencies, gold is the only safe haven left. For now, savvy investors will welcome the dip below $1750 as the perfect buying opportunity.
"Volatility in the gold bullion market is not going to end anytime soon," says Bill Hionas of Pan American Metals of Miami. "Any move below $1750 presents a buying opportunity; as the crisis in Europe progresses, gold will become the safe haven of choice again and prices will likely soar."
Pan American Metals of Miami, located in Miami Beach, deals in gold, silver, platinum and palladium.
About us:
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.
Low price is uncharacteristic; gold will rebound as European crisis continues. 
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