Press Release Summary: Savvy Fund Chiefs at Portway Capital must be beaming after holding their nerve and maintaining their positive stance on Copper during an uncharacteristic spell of benign activity for the base metal commodity.
Press Release Body: Whilst analysts at many firms adjusted their opinions of base metals (including copper) downwards following the recent sell-offs seen in stocks of the big Energy, Coal and Steel firms and apparent resolutions to labor unrest at mines in South and Central America, Portway Capital had the conviction to ride the storm.
A source within Portway Capital stated "For an economically sensitive metal like copper to be holding its ground in an economic downturn such as the one we are currently experiencing is no mean feet. Portway Capital had faith in their fundamental analysis and it has paid off."
Copper has recently moved back toward the all-time highs for the metal, and although copper stocks (i.e. copper miners) have been relatively dormant relative to the headline commodity-related stocks, Portway Capital believe that The overall look for the commodity is bullish, and that uptrend should drag the copper mining names along to the upside; "The mining stocks have looked pretty lame since June now, but they have edged over some interesting support levels now and in some cases it may be time to take a long position", said the source from Portway Capital.
Web Site: http://www.portwaycapital.com
Contact Details: Michael Brown news@pr-newsnow.info
2022
