Gold chart shows price take-off point
Consider the above chart from the highly respected www.clivemaud.com who also comments:
‘The longer-term 3-year chart provides us with more of a roadmap showing where gold is relative to its major cycles, enabling us to…
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Oil prices boost Gulf business confidence
What a difference a doubling of the oil price makes to business confidence in the Persian Gulf. HSBC’s latest quarterly index shows a recovery of nearly five points to 79.4, against the base level of…
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Another Dubai property resignation, what next?
Last week the CEO of Union Properties, Simon Azzam announced he was stepping down, yesterday it was the turn of Nasser Al Sheikh, chairman of Deyaar Developments just weeks after being replaced as the Dubai…
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Business economics 101 for Dubai restaurants
Dubai restaurants have been very empty since the economic crisis hit last autumn. Perhaps it is because owners persist in charging boom-time prices. It is time for a rethink.
What is preferable for a restaurant:…
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Al Jazeera calls for viewer feedback
Al Jazeera English is asking viewers to send in their feedback on its programming in video format. This is a typically innovative approach from this media house which is now challenging CNN and…
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Roubini sees weeds, not green shoots
The man who spotted the recession first now sees another six months of decline followed by a very shallow recovery for a couple of years.
Local bad news compounds global stock downturn for DFM
The Dubai Financial Market looks set to slide lower this week as local news has turned negative at a time when global financial markets are also looking under pressure with a long bear market rally…
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UK housing extremely risky and still not a good buy
UK house prices have fallen by 20 per cent on average over almost two years. Now a combination of low mortgage rate deals and rising rental yields are tempting a few brave souls back into…
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A night at the Ritz
Living in the Gulf during the hot summer months does have some compensations as the cost of high-end distractions comes down for the season. Take dinner at the Ritz.
Normally a particularly ruinous experience the…
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Is gold now in take-off position like the Nasdaq in 1998?
If you look at the 2000s’ gold bull market below and compare it to the 1990s’ Nasdaq chart that follows the similarity is remarkable. The conclusion then would be that gold is about to enter…
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