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Pan American Metals of Miami Examines What a Difference a Week Can Make in the Gold Market
- Pan American Metals of Miami Examines What a Difference a Week Can Make in the Gold Market
- August 13, 2011
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This week has been a roller-coaster ride for investors.
MIAMI, FL - They say 'a week is a long time in politics', well so is a week on the financial markets. Monday, August 8 started with a rather hysterical overreaction to S&P's downgrade of the US's credit rating the previous Friday. The Dow Jones average slid alarmingly and gold, to no one's great surprise, soared skyward.
As so often happens, the dust settled, panic receded and the markets settled down a little. Gold broke through $1700 and then flirted with $1800; not surprisingly Thursday sa...
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