As California leads the rest of the world follows
It is true that California is often the leader in new trends, from the hippies to dot-com millionaires. Now perhaps we see the future of global economics in the public spending cuts triggered by the…
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Marc Faber on the US banana republic
Dr Marc Faber thinks the Obama administration is a disaster and considers inflation inevitable eventually. The importance of the US dollar will diminish and over time it will become worthless. A new gold…
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Impact of US dollar fall on stock and commodity prices
A useful round-up from Bloomberg on the fall of the US dollar last week and what this has meant for commodities and commodity stock prices. Note the 11 per cent bounce in gold…
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Sell in May and buy gold and silver?
That old stock market ruse has it that you should sell in May and go away. With the bear market rally on its last legs that might be excellent advice this year.
However, there is…
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Aldar bond highlights too high UAE interest rates
While news of the first corporate bond offering since the financial crisis last autumn is welcome, the yield of 8.75 per cent being paid on Aldar Properties’ $1.25 billion offering shows just how expensive UAE…
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Why Emirates Airline continues to grow
The youngest aircraft and flight attendants, great routes and flight timings, high specification aircraft with the best available for each class, the beautiful new dedicated hub terminal in Dubai, there is a long list of…
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Will gold pass $1,000 an ounce next week?
With gold closing at $957 and silver $14.70 an ounce last week there was cause for celebration among precious metal investors.
Traders are pointing to overbought signals and cautioning that the market could pull back.…
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Gold shows signs of breaking out above $1,000
With thanks to www.golddrivers.com for the chart left (an excellent website for smaller gold stock picks).
While many bullion analysts are saying that gold is getting oversold above $950 an ounce, even a cursory glance…
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Peter Schiff right on US dollar collapse
Peter Schiff made these predictions a week ago and if you look at the dollar index today you will note he was right-on-the-money. Buying gold and silver to diversify away from the greenback…
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Will a stronger oil price save Dubai real estate?
With oil prices touching $62 yesterday there is some reason to think that the Gulf States could have an early exit from recession. Higher oil prices would provide the cash flow to pull the region…
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