By Barani Krishnan NEW YORK | Fri May 18, 2012 8:18pm EDT (Reuters) – Hedge funds and other money managers liquidated more than $2 billion in gold futures over a week, trade data on Friday showed, before a forceful rebound in the precious metal potentially tripped up some of them. The majority of fund...
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3rd Consecutive Weekly Decline on Wall Street
Friday, May 18, 2012 Stock Market Commentary: Stocks and a slew of other “risk assets” fell for a third straight week after the latest round of economic and earnings data suggests the global economy is slowing, not growing. Now that we are in the latter half of earnings season, the...
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Adam Sarhan Reuters Quote: Jobless claims hold steady at 370,000
NEW YORK | Thu May 17, 2012 9:04am EDT (Reuters) – New U.S. claims for unemployment benefits were unchanged last week, according to government data on Thursday that will do little to ease concerns about a recent slowdown in jobs growth. COMMENTS: DOUG ROBERTS, CHIEF INVESTMENT STRATEGIST, CHANNEL CAPITAL RESEARCH.COM, SHREWSBURY, NEW...
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Adam Sarhan Reuters & CNBC.com Quote: Paulson Holds to Gold ETFs in First Quarter, Profits as Prices Rise
Prominent hedge fund manager John Paulson held on to his ETF bullion holdings in the first quarter of this year, profiting from an early surge in gold prices before the market tanked, a regulatory filing by his company showed on Tuesday. It was the first time Paulson had retained his...
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Adam Sarhan Reuters Quote: COMMODITIES-Mounting Greece fears slam CRB to 19-month low
Mon May 14, 2012 9:12pm GMT (Updates with markets’ close; technical comment on CRB) * CRB at lowest since October 2010 * U.S. crude, copper, gold near 4-month lows * Raw sugar rebounds after nearing 20-month bottom By Barani Krishnan NEW YORK, May 14 (Reuters) - The selloff in commodities...
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