slide1 l.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Gold Closes Short Trading Week Slightly Up says Bill Hionas PowerPoint Presentation
Download Presentation
Gold Closes Short Trading Week Slightly Up says Bill Hionas

Loading in 2 Seconds...

play fullscreen
1 / 2

Gold Closes Short Trading Week Slightly Up says Bill Hionas - PowerPoint PPT Presentation


  • 94 Views
  • Uploaded on

(1888PressRelease) Gold closed marginally higher Wednesday based on bargain hunters buying the dip.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Gold Closes Short Trading Week Slightly Up says Bill Hionas' - donaldhood


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
slide1

Gold Closes Short Trading Week Slightly Up says Bill Hionas

(1888PressRelease) Gold closed marginally higher Wednesday based on bargain hunters buying the dip.

MIAMI, FL - With the Thanksgiving holiday making for a shortened trading week in the US, gold prices were still being hampered by a stronger dollar but ended within touching distance of $1700. Many investors may be waiting until after the long weekend before making a move as current volatility has created a nervous atmosphere in the market.

The US dollar index hit a seven-week high Wednesday, and spot gold closed at $1694.50. The market was further affected by news that a German government bonds auction only managed to sell 65% of its bonds. Germany is the strongest economy in the EU and this news suggests that debt contagion is indeed raging through Europe. Needless to say this has prompted further doubts as to whether there is indeed a future for the euro as a common currency and has resulted in a sell off of assets, including precious metals. The news also makes the US dollar more attractive, despite the fact that the US has its own serious debt issues.

"The European situation seems to be worsening daily," says Bill Hionas. "As a result, the US dollar becomes more attractive to investors. However, as debt issues in the US also continue, it is only a matter of time before investors seek the trusted safe haven of gold bullion."

Meanwhile, gold prices still offer a potential bargain for those investors wishing to add to their bullion holdings.

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.billhionas.com; http://www.panamericanmetalsofmiami.com

Press Contact

slide2

Debbie Bailey

Executive Administrator

Pan American Metals of Miami, LLC

Email: dbailey ( @ ) investpanam dot com

Website: http://www.billhionas.com; http://www.panamericanmetalsofmiami.com

Source:

http://www.1888pressrelease.com/gold-closes-short-trading-week-slightly-up-says-bill-hionas-pr-352919.html