Home | August 2011News | Pan American Metals of Miami Sees Nothing Stopping Gold's Bull Run Gold skyrockets towards $1700 an ounce |
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Pan American Metals of Miami Sees Nothing Stopping Gold's Bull Run Gold skyrockets towards $1700 an ounce
- Pan American Metals of Miami Sees Nothing Stopping Gold's Bull Run Gold skyrockets towards $1700 an ounce
- August 04, 2011
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Gold skyrockets towards $1700 an ounce.
MIAMI, FL - There seems to be no end in sight for gold's bull run and those analysts who predicted $1700 'by the end of the year' now appear overly cautious as gold broke yet more records, reaching over $1670 today, August 3.
The current run in gold is due mainly to safe-haven buying as fears of a worldwide double-dip recession mount. Far from causing the anticipated collective sigh of relief, the resolution of the US debt crisis seems to have done little to allay fears. If anything the elev...
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