The market hopped out of the gate this morning on some "happy feet" as home sales jumped in October to their highest level in more than 2-1/2 years!  In addition, gold continued to make new record highs, trading nearly to $1175/ounce intraday.  As gold went higher, gold miners followed up, which in turn inspired other [...]

Asian stocks fall, government bonds rally as oil drops; Yuan forwards rise.China this year rejected requests to build 47 projects worth 200B to curb excessive capacity.Copper prices falls as dollar gains for second day, stockpiles at six-month high.Dollar falls versus Krone, Aussie; Europe GDP growth optimism spurs yield demand.European Stocks Advance; Richemont, British Airways, Iberia Shares climbEurozone out of recession after 0.4% growthFHA reserves fall below legal limitHealth legislation being considered would force drug makers to disclose amount spent on continuing medical education classes for doctors.[More...]

Asia stocks, currencies gain after Australian jobs report; gold at record.Australian employers unexpectedly hire 24,500; currency jumps on rate bets.Brazil economy to grow 9 percent in 4th quarter as domestic demand surges, top official says.Brazil government defends reliability of power grid after blackout leaves 60M in dark.Dollar falls to 15-month low on bets Fed rate to stay near zero.Euro up to $1.500 in European morning trade, Asian equity gains slow.Fed officials say recovery will be slow as unemployment hampers spending.Global confidence drops as central banks begin to exit emergency stimulus.Gold hits record high of $1,121.90/oz, driven by speculation of dollar weakness.Oil hovers above $79 in Asia amid sluggish US crude[More...]

US stocks finished higher on Wednesday after homebuilder Toll Brothers issued an upbeat revenue forecast. Shares also rallied on hopes of continued low interest rates.[More...]

Asian stocks, currencies rise on Japan, China economic data; gold advances.China's industrial production output grew 16.1% in October, its fastest pace in more than a year.Job openings in U.S. remain close to record-lowsOil prices fell $79 a barrel in Asia amid rising U.S. oil inventories and a weaker dollarSwiss rules to tie bonuses to profit will apply only to the nation’s 12 largest banksUnfilled positions climb to most since June as US companies delay hiring.USDA trimmed its production forecast and raised its price outlook for crops.Adobe to cut about 680 full-time positions or about 9% of its total work force.AIG’s CEO Robert Benmosche, after just 3 months, is ready to quit over pay constraintsArvinMeritor[More...]