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Pan American Metals Of Miami
Debbie Bailey
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Gold Slides Lower on Technical Pressure says Pan American Metals of Miami |
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Gold slid sharply lower today, November 17, based on technical pressure and a strong US dollar. |
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\25 Press Releases\
November 17, 2011 - MIAMI, FL - One question for investors to ask is how much farther gold is likely to fall, since a significant dip in price should be seized as a buying opportunity. As soon as bargain hunters move in, then the price will obviously rise again. Another question is when will gold start acting like a safe haven again? Or how bad does the European debt crisis have to get before investors are driven back to gold as the ultimate safe haven?
There are no easy answers to these questions. Most market experts agree that gold is behaving uncharacteristically at the present time. As fear of debt contagion spreads like wildfire through Europe and beyond, precious metals bullion would still seem to be the clear winner in the rush to find a safe place for wealth protection. T...
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