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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