Predictions are for gold to trend upward in the second half of 2011.
(1888PressRelease) July 03, 2011 - MIAMI, FL - The outlook for gold, during the second half of this year, is very encouraging for investors. According to Brian Hicks, co-manager of US Global Investors Global Resources Fund, the next few months look very positive for gold. Hicks stated that the second quarter, which ended June 30, had been 'very constructive' for gold and he predicted the upward trend continuing in the second half of the year. The threat of the US's credit rating being downgraded, possibly below that of Greece, would definitely support a 'material' move upward for gold. Traditionally, gold strengthens in the fall and Hicks predicts that the coming months will see gold pull out of its current holding pattern and continue to move upward.
Meanwhile BNP Paribas is forecasting an average price of $1510 for gold this year, up $10 on its previous forecast, and of $1600 for 2012. BNP states that 'interest from retail investors and central banks remains solid'. The consensus among market analysts is that silver will be 'dragged up' along with gold and should break through $40.
"The long-term view continues to be supportive of both gold and silver" says Bill Hionas of Pan American Metals of Miami (PAMM). "Following the usual summer lull, we expect to see continued movement upward."
PAMM offers both fully funded and leveraged positions in gold and silver and has a team of seasoned brokers available to assist buyers. PAMM deals with individual and institutional buyers and its advice is tailored to each investor's unique needs. PAMM's brokers only suggest positions they would be comfortable holding themselves.
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.
Predictions are for gold to trend upward in the second half of 2011. 
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam