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Adam Sarhan Reuters Quote: COMMODITIES-Grains, oil lead CRB to 11th day of losses, longest streak ever
(Reuters) – Commodity prices from cotton to corn to crude tumbled on Friday, driving a key index to its longest-ever losing streak as supply-side fundamentals grew brighter. The rout came a day after news of strain at Portugal’s largest listed bank upset other financial markets with fears of financial contagion in Europe. But commodity investors…
Adam Sarhan Reuters Quote: Hedge funds halve their commodity longs since March
By Barani Krishnan Fri Jun 8, 2012 7:35pm EDT (Reuters) – Hedge funds and other money managers pulled nearly $1.7 billion from commodity markets in the first week of June, extending the bearish mood from May, as the euro zone crisis and stuttering global economy roiled markets, trade data showed on Friday. Together with last month, speculators…
Adam Sarhan Quoted In Reuters: TECHNICALS-Copper's slump this week isn't over, chartists say – RTRS
14-Jan-2015 15:05 By Marcy Nicholson NEW YORK, Jan 14 (Reuters) – NEW YORK, Jan 14 (Reuters) – Copper’s 12-percent dive so far this week has sliced through key support levels, setting up a deeper slump that some chartists say could test the market’s decade low following the 2008 financial crisis. This week’s slump, which is…
Adam Sarhan Reuters Quote: PRECIOUS-Gold up on short covering, platinum in biggest gain since Oct
Join Our Free Newsletter Thu, Dec 26 16:30 PM EST * Gold, silver gain as traders cover short positions * Prices head for biggest annual drop since 1981 * Platinum set for biggest daily gain in 2 months (Updates prices, adds comment) By Clara Denina and Josephine Mason LONDON/NEW YORK, Dec 26 (Reuters) –…
Adam Sarhan Reuters Quote: Commodities Big slump as demand worry replaces Fed euphoria
By Barani Krishnan NEW YORK | Mon Sep 17, 2012 5:12pm EDT (Reuters) – Commodity markets tumbled on Monday, as investors worried about the demand outlook for oil, metals and grains after weeks of rising prices built on optimism over economic stimulus in the United States and Europe. With technical charts showing many commodity markets in or…
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…