This week has been a roller-coaster ride for investors.
(1888PressRelease) August 13, 2011 - MIAMI, FL - They say 'a week is a long time in politics', well so is a week on the financial markets. Monday, August 8 started with a rather hysterical overreaction to S&P's downgrade of the US's credit rating the previous Friday. The Dow Jones average slid alarmingly and gold, to no one's great surprise, soared skyward.
As so often happens, the dust settled, panic receded and the markets settled down a little. Gold broke through $1700 and then flirted with $1800; not surprisingly Thursday saw a slight retreat with gold losing some of the gains and falling back to the mid-$1700s as US stocks rallied, margins were raised and there was some profit taking.
So where will next week take us? That is anybody's guess to some extent since unforeseen events can always happen; however, the outlook for gold remains positive. There is still a demand for gold as a safe haven and sufficient concern about global economic issues to ensure it remains the 'go to' asset.
"This has been an eventful week for the markets," says Bill Hionas of Pan American Metals of Miami. "The consensus is that there are enough factors underpinning gold to prevent it dropping too far. Many analysts are still anticipating targets between $1900 and $2000 an ounce."
Pan American Metals of Miami offers opportunities to buy gold bullion; both fully-funded and leveraged positions are available. Buyers may, if they choose, take physical delivery of their bullion.
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.
This week has been a roller-coaster ride for investors. 
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