Author: Scott Hoffman

Gold is up again after yesterday’s huge rally.  This was sparked by India’s purchase of 200 tonnes of gold from the IMF.  This takes away half of the 403 tonnes the IMF is to sell this year-bullish no...

After last week’s volatility, many of the futures markets had a relatively quiet day yesterday. With the FOMC meeting today and tomorrow and then the October employment report on Friday, consolidation was the...

Stocks are lower, although they cut losses after it was reported that Berkshire Hathaway will buy the rest of Burlington Northern Santa Fe, for about a 31% premium over yesterday’s close.  Buffet characterized the...

A strong Purchasing Manager’s report from China and a profit (!) from Ford last quarter are helping stocks, although it’s not a rally with a lot of steam behind it. CIT filed for bankruptcy; it wasn’t a big...

Earlier this morning I wrote that I think the next couple of days could be pivotal for the markets.  What makes the think so, and what will “tell the tale”?  Let’s look at stocks to see. Below is the...

I didn’t see any big bearish news this morning, but stocks are trading heavy.  As I said yesterday, the next couple of days could be pivotal for intermediate term direction.  In stock terms, there was a big multi...

Gold futures are on a wild ride today; what’s ahead for it, and the rest of the markets?  Is Today’s move a resumption of longer term trends, or is today a correction in newer trends?  Insofar as everything...

US Q3 GDP was stronger than expected, and there was a good drop in jobless claims.  Both these gave strength for today’s moves in place-a lower Dollar and Treasuries, higher equities and commodities.  The issue...

The Euro / Yen cross rate has been an interesting indicator for other financial markets and risk appetite for the past years.  This rate measures how many Yen you get for a Euro-when the cross moves higher, the Euro is...

There’s mixed news so far.  Durable goods orders were about as expected; they didn’t improve sentiment.  There are concerns about European banks, and there’s talk about a new wave of home foreclosures...