Bill Hionas says Precious Metals are Holding Firm in a Less Volatile Market

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Bill Hionas says Precious Metals are Holding Firm
in a Less Volatile Market
(1888PressRelease) Prices remain fairly steady as
drama in Europe continues. MIAMI, FL - At the
time of writing precious metals are holding their
ground in a relatively calm market. The past few
weeks have seen a great deal of volatility, with
last week seeing significant gains. Gold is
being pushed in two directions at once with
bargain hunters buying dips and some safe-haven
demand based on the ongoing crisis in Europe and
continuing unemployment in the US while, on the
other hand, some investors look to liquidate and
take profits, causing some sell off. The
long-term situation on both sides of the Atlantic
is likely to affect gold prices. If the US is
unable to deal with its budget deficit and the
current debacle in Europe continues or worsens,
then we should see gold rising. Platinum and
palladium are both forecast to end the year with
a small surplus. However, demand is likely to
increase for both metals as the automotive market
remains healthy. There is one downside to this
insofar as, for every new car produced, an older
car is eventually scrapped, putting more supplies
of recycled platinum and palladium into the
system. Nevertheless, one surprising factor that
has affected the palladium market has been a
falling off in investment interest. This seems
strange given palladium's strong recovery lately.
There is still room for growth in the palladium
market and forecasts for 2012 are positive.
Silver, benefiting from both industrial and
investment demand has been holding fairly steady,
hovering around 34-35 an ounce.
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As CEO of Pan American Metals of Miami, Bill
Hionas leads a team of seasoned investors,
traders and account executives that offers
clients the opportunity to purchase precious
metals bullion. For further information please
contact www.billhionas.com 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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