European Situation Still a Major Influence on the Markets as all Precious Metals Rally Strongly says Bill Hionas

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European Situation Still a Major Influence on the
Markets as all Precious Metals Rally Strongly
says Bill Hionas
(1888PressRelease) Ongoing European crisis is a
major influence on bullion markets. MIAMI, FL -
The ongoing crisis in Europe is still having a
major effect on the precious metals bullion
market, this time to the benefit of all precious
metals. Gold is rallying strongly, given a
stronger euro and weaker dollar, while both gold
and silver are also benefiting from strong
physical demand from India, ahead of that
nation's celebration of Diwali next month. Gold
and silver bullion, coins, jewelry and ornaments
are traditional gifts at this time. The
industrial metals are also making significant
gains as more encouraging news emerges from the
European summit meeting, boosting confidence in
the global economy and therefore causing a spike
in demand for the platinum group metals, which
are used largely by the automotive industry but
also in the manufacture of electronics. "This is
good news for the bullion market," says Bill
Hionas who runs Pan American Metals of Miami, a
precious metals brokerage located in Miami Beach.
"More optimistic news from Europe helps boost
both investor and consumer confidence, increasing
demand for precious metals." The European crisis
will not be completely resolved until at least
Wednesday, when a further summit meeting is
scheduled. The outcome of that meeting will have
a definitive effect on the market. However,
German Chancellor Angela Merkel stated Sunday
that 'a broad agreement is taking place',
suggesting that a favorable outcome on Wednesday
may be on the cards.
Clients interested in diversifying into precious
metals bullion can receive specialized advice
from PAMOM's team of expert traders, investors
and account executives. For further information
please visit www.billhionas.com
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About Bill Hionas Bill Hionas is CEO of Pan
American Metals of Miami, LLC, 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. Website http//www.billhiona
s.com http//www.panamericanmetalsofmiami.com Pr
ess Contact Debbie Bailey Executive
Administrator Pan American Metals of Miami,
LLC Email dbailey ( _at_ ) investpanam dot
com Website http//www.billhionas.com
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