Portway Capital Holds Firm on Metals
Released on: July 21, 2008, 4:09 am
Press Release Author: NewsNow
Industry: Financial
Press Release Summary: Portway Capital remain confident precious metals will demonstrate upside potential after Fed decision.
Press Release Body: Portway Capital is thought to have advised clients to hold positions in commodities ahead of the highly anticipated outcome of a two-day meeting of the Federal Open Market Committee. Sources close to Portway Capital suspected that the markets, for the most part, were on hold due to the Fed meeting. Metals traders at Portway Capital which invests over $30m of private client funds in markets including European equities, commodities and prime commercial property, were rumoured to be bullish on the immediate prospects for precious metals. The only thing Portway Capital's dealers traded off of was thought to be a slightly weaker dollar against major currencies.
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Contact Details: Michael Brown 1022 Westway San Jose CA 95010 US 180068006868
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