Facebook IPO flop just another reason for financial markets to sell-off again this week
Only a massive intervention by central banks on Monday can prevent financial markets heading lower again this week. But central banks may hold back now because they don’t want to exhaust their fire power and…
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UAE and Qatar tell their national tourists to leave Lebanon
The UAE and Qatar have told all their nationals now on holiday and business in Lebanon to leave because of the deterioration in the ’security situation’, reported official news agencies WAM and QNA, a diplomatic…
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Restaurant review: Sense at The Edge, Zighy Bay, Oman rightly wins top Mideast restaurant award
It seemed like about time to revisit Sense at The Edge at Zighy Bay after it won best restaurant in the Middle East in the Middle East Hotel Awards. For those who are seeking the…
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G8 support for Greece to add to financial market volatility
The resolve of the G8 world leaders at their meeting at Camp David this weekend to support Greek membership of the euro is going to add to financial market volatility because it amounts to the…
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Have we seen the bottom for gold?
Veteran gold analyst John Hathaway explained how bearish sentiment was maxing out in the gold market in this 10-day old video. It is very likely that the low for gold was touched last week.
From…
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Falling euro is a threat to the Dubai tourism boom
Dubai’s hotels have been enjoying high levels of occupancy and rising room rates this year partly as a result of the lack of alternative destinations due to the events of the Arab Spring. But is…
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Gold price will bounce back on Chinese demand and euro says World Gold Council
Marcus Grubb, managing director of investment research at the World Gold Council, talks about the decline in the gold price and the demand outlook for the precious metal. He speaks with Mark Barton and Caroline…
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Goldman lays off all its Facebook IPO risk ready for the issue to flop
Step forward suckers for the sale of the century. And how far invested is Goldman Sachs? Well, today we learn that the firm is selling half its investment in the enlarged Facebook IPO. That is…
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Is Greece another flash crash correction phase or a Lehman dive for stock markets?
Wall Street is remarkably slow to admit that its party is now over. But less mainstream commentators like Mike Swanson in the video below are beginning to realize that there is a serious correction in…
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Should this child really criticise the bank robbers and evil governments?
The problems of the global banking system are apparently so easy to understand that a 12-year old girl from Canada explains it in the video below. Precocious is hardly the word but then again having…
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Gold and silver still the best protection against the derivatives blow up that started with JP Morgan’s loss
The immediate reaction to the $2 billion and counting loss at JP Morgan has been a flight from risk trades and a sell-off of all financial assets, gold and silver included. However, investors ought to…
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Commodity price weakness points to lower prices for industrial equities.
On Bloomberg’s ‘Chart Attack’, Wells Fargo’s Gina Martin Adams and Adam Johnson look at the relative performance of commodities to the S&P Industrials and S&P 500. The fall off in commodity prices is almost always…
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Jim Rogers set to buy on gold weakness but not yet, bearish on commodities and short JP Morgan
Commodities king Jim Rogers was right on the gold consolidation phase and is looking to buy on further price weakness. But everything is being dumped now he says. He is shorting stocks and owns the…
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Return to old-fashioned banking will carry a high cost in low or no economic growth
The bores are back in banking. Slow moving and scelerotic institutions like the Canadian banks are being praised to the rooftops for prudence. Sure, if you never do anything or take a risk in life…
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Why the Greek euro exits means a second global financial crisis
The stakes could hardly be higher. Greece leaving the euro is no minor event that can be contained. The immediate losses to eurozone banks might look manageable but the contagion impact will not be nearly…
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Doubling of oil price in real terms in next decade favours Oil State investments
A report commissioned by the IMF has concluded that oil prices will most likely double in real terms over the next decade. To followers of Peak Oil theory that ought to be no surprise, or…
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