Fiat money has no place to go but gold says Alan Greenspan
It seems gold bugs have a new convert in the shape of former Fed chairman Alan Greenspan. He told the Council for Foreign Relations yesterday that ‘Fiat money has no place to go but gold’…
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US housing disaster continues as bank seizures jump 25%
The US housing crash that started with subprime mortgage lending and caused the global financial crisis two years ago is getting worse rather than better with bank seizures up by 25 per cent in August…
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One more black day for gold and silver before the big lift-off?
Gold hit a fresh record high in overnight trading, passing the $1,270 mark for the first time in history. Even mad bad Jim Cramer is now a raging gold bull. Should that not stop anybody…
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Surprise 25% fall in Dubai property vacancy rate
In the past three months the vacancy rate for Dubai residential property has shown a surprising fall from 11 to to eight per cent, with around 25,000 units now available for sale or rent compared…
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Silver at a 30-month high, should you buy now?
The price of silver crossed the magic $20 an ounce line yesterday to a new 30-month high, although not quite taking out the previous high of recent years set on March 5th 2008 of $20.64.…
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Marc Faber says UAE market only in a bottoming phase
Celebrated analyst Dr Marc Faber told ArabianMoney he thought that the UAE stock market is ‘probably in a bottoming phase’ rather than at the start of a major rally as some market participants clearly hope.…
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Why does the UAE not make cold calls by financial consultants illegal?
Financial services firms are not allowed to make cold calls soliciting business in the UK, why does the UAE still permit this? Surely the emirates wants to present itself as a world class location for…
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Rising oil price to revive UAE growth says EIU but will it?
The prestigous Economist Intelligence Unit predicts that rising oil prices will enable the GDP of the UAE to grow by 9.3 per cent this year to around $270 billion, almost compensating for an 11.9 per…
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Financial astrologer Arch Crawford still negative on stocks and gold
In a wide ranging interview on Goldseek.com radio at the weekend the financial astrologer who caused a stir with his accurate negative predictions for August, former veteran Wall Street investment analyst Arch Crawford repeated his…
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Official data does not really indicate a US economic recovery
Optimism about the US economic recovery last week is based on false data and ignored the far more conclusive report from the Economic Cycle Research Institute. The stock market has recovered, but the US economy…
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