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The Rosen Market Timing Letter (Kitco.com)
"Time is more important than price; when time is up price will reverse." The gold price on the last trading day of 2008 must close higher than the closing gold price on the last trading day of 2007 if the pattern of continuous year to year closing strength is to be maintained.
Read more...DFM and ADX markets close positive (AME Info)
Both the Dubai Finance Market and Abu Dhabi Securities Exchanges closed in positive territory today, following their recent losses. The DFM closed at 2,142.85, up 8.15%, while the ADX ended the trading day at 2,846.68, a 3.3% increase.
Read more...Emaar's stocks plummet further (AME Info)
Emaar Properties, the largest Arab property developer, fell 9.75% on the Dubai Financial Market yesterday, to end the day at Dh2.87. In the past seven trading days alone, Emaar shares have plummeted by 57.73% and it has seen its summer price drop by around Dhs8 a share.
Read more...GENERAL MARKET CONDITIONS/FUNDAMENTAL FACTOR (GoldSeek.com)
The focus of the markets at the moment is when the current economic crisis will start to ease. Companies are still slashing jobs and recession still looms at large. Base metals are trading with a softer bias while gold and silver are steady.
Read more...India May Reduce Key Interest Rate as Inflation Slows (Update2) (Bloomberg)
Nov. 19 (Bloomberg) -- India's central bank has scope to cut borrowing costs further as growth slows and inflation approaches a level ``we can live with,'' Finance Minister Palaniappan Chidambaram said.
Read more...News Categories (Yemen Observer)
Trading in rare animals and their products is the primary reason for endangered species today. Many animals are now endangered because they are used in traditional goods and products.
Read more...Bayer exec hopeful that Obama won't be a pain for business (USA Today)
Aspirin accounts for 2% of Bayer's sales. But it remains the product the company is known for, so USA TODAY corporate management reporter Del Jones asked U.S. CEO Greg Babe, 51, for any advice he would offer President-elect Barack Obama on how to run the country without giving business a headache. Following are excerpts, edited for clarity and space.
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