Lloyds Commodities supports survey results indicating higher gold prices next week

April 17, 2012 - PRLog -- PALM BEACH GARDENS, Fla. – Although the price of gold hit a snag on April 16 – hovering around $1,649 per ounce – a weekly survey released by Kitco News indicated that participants are optimistic gold will rally higher next week.

According to Kitco, a group of 21 bullion dealers, investment bankers, futures traders and technical chart analysts responded in the survey. Of the participants, 57.14 percent were bullish on gold, 23.81 percent were bearish on gold, and 19.05 percent remained neutral.

“At Lloyds Commodities, we tend to align with the mentality of the bullish survey participants. Even though economic conditions in the U.S. vacillate, the dollar is still weak and economic data is soft. That means gold should keep its relevance as a safe-haven investment. In my opinion, gold should bounce from the low $1,600s – its performance should only get better throughout the year,” said Frank Gaudino, managing partner at Lloyds Commodities, a precious metals wholesale dealer based in Palm Beach Gardens, Fla.

There are other factors which will help boost gold, according to Gaudino. China plans to lower bank reserves; Europe plans to buy bonds to lower interest rates in Spain and Italy; and it is speculated that the Federal Reserve will continue with more quantitative easing to fight economic collapse.

When gold is bullish, it marks an ideal time to become an independent precious metal retailer with physical commodity wholesale dealer Lloyds Commodities.

For minimal startup costs, Lloyds takes independent retailers under its wing. Lloyds helps them navigate a two-way market for gold and silver, along with other coveted metals such as platinum, palladium and copper.

Independent precious metal dealers receive training, mentoring and accounting support from Lloyds while building their businesses and maximizing profits. Visit http://www.lloydscommodities.com/dealer-opportunities/bec... for more precious metal investing information and to learn how to become an independent commodity dealer.

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About Lloyds Commodities

Lloyds Commodities is a wholesale dealer specializing in the purchase and sale of precious metals such as gold, silver, platinum, palladium and copper. Lloyds maintains relationships with worldwide suppliers, financing institutions, and investment bankers to maintain client equity. Lloyds has extensive back-office support for day-to-day operations -- including trade confirmations and statements -- allowing its retail clients to focus on expanding and marketing their businesses. For more information about Lloyds Commodities, visit http://www.lloydscommodities.com/.