Political and economic factors support a continuing bull market for precious metals.
(1888PressRelease) June 10, 2011 - MIAMI, FL - The outlook for gold, and other precious metals, over the next few months is promising; we are not likely to see an end to the present bull market any time soon.
Sprott Asset Management chief investment strategist, John Embry, speaking in Mineweb.com's Gold Weekly podcast June 8, expressed his theory that this would be a good summer for gold, contrary to normal seasonal adjustments. Traditionally summer is not a good time for gold prices but Embry feels there are many reasons why this season will be different. Firstly, Embry reminds us that demand for gold is changing from the more traditional sources to investment-based demand and this demand is not subject to seasonal highs and lows. Concerns about the US economy are also likely to drive up gold prices against a weakening dollar. Additionally, the situation in Europe, with the Greek debt crisis, is causing serious concerns about the euro and Embry predicts a depressing future for both of these major currencies. All these factors would help support gold.
Embry predicts gold reaching $1650 this summer and possibly heading towards $1800 by the fall.
"Political and economic factors are giving strong support to the precious metals market right now," says Bill Hionas of Pan American Metals of Miami (PAMM). "Market analysts predict a solid upward trend and a continuing bull market."
The possible collapse of the US dollar makes gold the prudent investor's choice as a safe haven. With both the dollar and the euro looking unattractive, investment in gold and other precious metals is set to increase.
PAMM's staff of experienced brokers and traders is available to help clients purchase positions in gold, silver, palladium or platinum. Clients can purchase fully-funded or leveraged positions. Opening an account online is simple and fast.
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. PAMOM provides an individual investment service and is based in Miami, Florida for convenient access to both North and South American investors.
Political and economic factors support a continuing bull market for precious metals. 
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