Released on: August 12, 2008, 5:01 pm

Press Release Author: Michael Brown

Industry: Financial

Press Release Summary: Portway Capital are said to be investigating a short-term
position in Gold as part of drive to boost portfolio growth for the year after hits
absorbed following the break of the credit squeeze.


Press Release Body: Portfolios across the board have taken big losses across the
board, with few if any exceptions and if rumors emanating from a recent Financiers
Convention in Europe are to be believed, Fund Managers are now looking for increased
flexibility to put the books back in positive territory.

A source from another European-based firm, who attended the conference, claimed that
the Portway Capital party seemed particularly keen in gleening information on the
metals markets in general, but the general belief of the approached parties was that
the focus was on Gold - traditionally the safe haven in times of economic hardship.

This is considered by some to be flaky logic from Portway Capital, as the general
consensus is that the market has already reacted to the general upturn in risk and
therefore any upside in Gold is likely now built into the price - which has charted
a steady rise throughout the year, but one insider from Portway Capital, who wished
to remain anonymous, shed a slightly different light on the outlook.

The source, an who holds an administrative position within Portway Capital, claimed
to have seen management level briefings suggesting that a better than expected Q2
earnings season in the US, coupled with a temporary lull in the ever-ascending oil
prices (due largely to the short-term perception of regional stabilities in the
Middle East and North Africa), may ease pressure on the dollar and thus short-term
present a buying opportunity for gold as investors begin to relax again. "The
correspondence stated that any lull in current trends re the Dollar and Crude will
be short-lived as the second wave of the credit squeeze takes effect" said the
source from Portway Capital.


Web Site: http://www.portwaycapital.com

Contact Details: Michael Brown
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