Silver ready to pass $50-an-ounce this week to set new all-time high
Silver looks set for a sprint past its all-time high of $50 established 31 years ago this week. But with Goldman Sachs now advising its clients to get out of commodities and Glencore, the world’s…
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Hotel Review: Abu Dhabi’s Qasr Al Sarab could improve its F&B
Just over a year since we visited the monumental new Qasr Al Sarab desert resort it was interesting to go back and see the hotel now fully booked and operational. We loved the setting and…
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S&P falls for two weeks as results fall below expectations
The S&P 500 has almost doubled since the lows of March 2009 but stocks have failed to meet analysts’ profit forecasts for the past three quarters, the longest losing streak since 2000 for professional forecasters.…
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$1,488, $42.98, new record prices for gold and silver
Gold and silver bounced back from their recent slight correction and ended the week with a new all-time high of $1,488 per ounce for gold and $42.98 an ounce for silver.
This best explanation that…
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Rich people should remember to spend as well as save
This sort of website spends its time telling people how best to invest their money. Only occasionally do we review restaurants or hotels and places where money is consumed rather than saved.
Yet in an…
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How inflation can mean deflation for bonds, stocks and real estate
China is exporting inflation rather than deflation to the world. The US intends to cut its budget deficit but not if that means changing the American way of life. Japan has been printing hundreds of…
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No sign of a bubble in the Old Gold Souk of Dubai
Traders in Dubai’s famous Old Gold Souk told ArabianMoney this week that trading volumes are a little below those of a year ago, but the value of transactions is significantly higher due to the rise…
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Why Pimco holds 31% cash and -3% bonds as cash becomes king
The world’s biggest US ‘bond’ fund is no longer in bonds and has a net short position, and holds an amazing $73 billion in cash. What is former Las Vegas poker player and one-time ‘bond…
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UAE stocks ready to join MSCI emerging markets index
Dubai stocks moved to a two-month high yesterday, adding one per cent against a global downtrend in share prices, as the UAE bourses made a key technical change that may herald their inclusion in the…
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Why a $1m short-option against July silver is not so crazy
The silver price dropped back below $40-an-ounce as news of a $1 million short-option just written against silver delivered in July circulated through the trading pits yesterday.
Silver bugs will not like this but there…
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