Indian festival season should help boost gold prices and increased activity in the automotive industry looks hopeful for platinum and palladium.
(1888PressRelease) September 29, 2011 - MIAMI, FL - Gold's recovery could be further advanced towards the end of October as the Indian festival season increases demand. Traditionally, October is a slow month for gold and a week-long national holiday in China at the beginning of the month will mean less demand from that nation. However it is likely that demand will pick up as the month goes on and India's festival season begins.
Palladium and platinum sustained minor losses today but there is good news for the platinum group metals as Toyota announced increased output, meaning increased demand for PGMs, which are used in the manufacture of catalytic converters. Platinum is still being forecast to reach up to $2500 next year with palladium possibly moving even faster and achieving $1000 an ounce. These two metals may well be the ones for investors to watch in the coming months.
"Platinum and palladium may offer the best long-term returns at the moment," says Bill Hionas of Pan American Metals of Miami. "Prices are at an unprecedented low and palladium and platinum bullion should be snapped up by bargain seekers."
All the precious metals are being offered at bargain-basement prices just now, at least relative to their earlier highs. Savvy investors will be using this opportunity to increase their exposure in precious metals bullion and should see significant profits in the early part of next year if they do so.
Pan American Metals of Miami trades in gold, silver, platinum and palladium; clients may choose to take physical possession of their bullion once full payment has been received.
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. Website: http://www.panamericanmetalsofmiami.com
Press Contact
Debbie Bailey Executive Administrator Pan American Metals of Miami, LLC
Email: dbailey ( @ ) investpanam dot com
Website: http://www.panamericanmetalsofmiami.com
Indian festival season should help boost gold prices and increased activity in the automotive industry looks hopeful for platinum and palladium. 
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