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Precious Metals Bounce Back says Pan American Metals of Miami
- Precious Metals Bounce Back says Pan American Metals of Miami
- December 19, 2011
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Precious metals began a corrective bounce Friday, reducing losses over the week.
MIAMI, FL - All the precious metals began to recover today, with gold up $13 at the time of writing and most analysts predicting higher prices for the coming week. Undoubtedly some of the gains are due to buying by bargain hunters. When bargain hunters move in, it is generally a sign that prices have bottomed out and are not expected to go much lower, if any. Bear in mind that they are buying because they believe they are getting a bargain; prices are low but are expected to rise. If they did no...
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