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New! Reuters Quote: Silver Rises To Record, Beats 1980 High
ADAM SARHAN, CHIEF EXECUTIVE OF SARHAN CAPITAL IN NEW YORK:
“What we’re seeing is a very strong and sustained bid for silver, an overwhelming desire for people to be involved in the silver trade. That strength begets more strength. It becomes a self-fulfilling prophesy as more and more people get involved.
“I’d say that it is premature to call it a bubble, but there’s a bubble-eqsue feel to the move. At this stage, you don’t want to fight the trend. How much higher could it go? No one knows, but there’s no overhead resistance.”Friday Recap: Adam In CNBC: S&P turns positive as consumer discretionary leads; dollar hits 7-month high
Friday, October 21, 2016 Stocks traded mixed on Friday, pressured by a strong dollar as earnings season continued and telecommunications lagged. The Dow Jones industrial average fell about 10 points in afternoon trade after momentarily dropping more than 100 points, with IBM and Johnson & Johnson contributing the most losses, offsetting strong gains from McDonald’s…
CNBC Quote: Dow briefly adds 100 points as stocks bounce; Greece eyed
U.S. stocks traded higher on Wednesday, recovering some of Tuesday’s sharp decline, as investors eyed Greece headlines amid continued rise in the dollar and bond yields. The Dow Jones industrial average briefly gained more than 100 points soon after the open. The blue chip index fell as much as 242 points on Tuesday before closing…
Adam Sarhan Reuters Quote: US SMALL/MIDCAPS-Small-caps rally but Wendy's tumbles
By Ryan Vlastelica NEW YORK | Mon Oct 1, 2012 11:57am EDT Oct 1 (Reuters) – Small cap stocks rallied on Monday as a surprise expansion in the U.S. manufacturing sector quieted concerns about economic growth at a time when central banks are seen continuing to support markets. Sectors tied to growth were among the top gainers…
Adam Sarhan Reuters Quote: METALS-Copper gains on improving global economy, year-end covering
Join Our Free Newsletter Thu, Dec 26 15:22 PM EST * NY trading stabilizes after Tuesday’s ‘fat finger’ * March Shanghai copper extends gains, hits 4-mth high * Prospect of purchases by state reserves boosts prices SINGAPORE/NEW YORK, Dec 26 (Reuters) – Shanghai copper futures rose to four-month highs and U.S. prices extended recent…
Sarhan in CNBC: Stocks slightly higher as oil rises; transports struggle for gains
Thursday, May 5, 2016 9:45am U.S. stocks traded higher Thursday as higher oil prices supported a more risk-on tone, ahead of the key employment report due Friday. “It’s a little bit of a relief rally … oversold bounce,” said Adam Sarhan, CEO of Sarhan Capital. “You also have a rebound in oil which is very…
