Dubai Debt Raising Fears Worldwide, Gold Drops and US Dollar Strengthen

 

My interest in Gold and the US Dollar grew in the past couple of weeks, as a person who is not that much into the financial world I didn’t care much when a friend started talking about the gold rise and how the dollar will become worthless soon. Well as much as that seemed a bit over the top and a very very far fetched thought yet the whole scenario intrigued me and I started reading more and educating myself about how things are playing out in the markets worldwide.

Between the truth and lies and the conspiracy theorists and the opportunists I had a huge struggle in really fully understanding how is this thing working, but the big picture got clearer day after day.

The Gold reached record highs in the past 9 days, and every day you would read the same kind of headline “Gold reaches a record high”. Every Day!! Yesterday it reached $1195 USD, but then news broke from Dubai stating that Dubai requested debt ’standstill’, that lead to fears in the worldwide markets, this caused a sell-off in commodities and stocks, while the U.S. dollar gained against its rivals.

The Gold dropped to a $1130 USD an ounce after reaching $1195 USD, as of the time of writing this post the gold is at $1176 USD. So this seems to be just a temporary drop that wont last long.

Did Max Keiser predict this back in February 2009 ?

 

Max Keiser Comments on the current events:

 

More to come soon ……

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Comments November 28th, 2009

BREAKING NEWS: Samuel Eto’o & Zlatan Ibrahimovic Transfer Deal is Done

Barcelona have officially announced that the deal that will see Zlatan Ibrahimovic move to Barcelona and Eto’o to Inter Milan is complete. This transfer started with a rumor and kept growing with speculation on the price and who is in the exchange too, as it was reported earlier that Hleb will go on loan to Inter Milan and that Barcelona is going to pay 40 million.

In my opinion Ibrahimovic is CURRENTLY better than Eto’o, and he will do well in Barcelona, while Inter Milan will struggle for a bit with Eto’o as the player will suffer injuries from the tough defense style in Italy. I hugely doubt it would be able to perform as well as he did for Barcelona.

I watched Eto’o while playing in his National team and he does not seem to be as effective as when he has the kinds of Messi and Xavi and Iniesta behind him. We need to wait and see, this season is very very interesting in the three leading European leagues.

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Comments July 24th, 2009

FOREX: Rude ETORO Customer Support in the Middle East

etoro_logo After being bombarded with FOREX ads all over the internet, it seems you cant dodge those ads anywhere you go even if you have any kind of Ad Block, I finally caved and decided to try this FOREX thing using virtual money (Practice Account).

One of the easiest and friendliest user interfaces seemed to be ETORO, having both novice and advanced modes. So long story short I tried it for few hours and gave it a long thought and I decided that its an interesting thing to learn more about before jumping on with real cash. Yet I later caved again and wanted to deposit some money but not to go crazy and try to take it slow.

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Comments July 24th, 2009

Change Your Facebook Username

facebook_logo A while ago Facebook allowed their users to choose usernames which is going to be used in a url linking to their profile, after the username was chosen it cannot be changed. So just like when you buy domains (at least for me) sometimes people can go crazy and choose usernames that they might regret later.

Facebook is now giving its users one last chance to change their usernames, no more changes after this time (ya right), so if you want to choose a new username you can do that by going to “Settings” then “Account Settings”.

But after millions of Facebook users already chose a username, finding a good one might be difficult, and I advise you to choose your name rather than any other thing you might think is clever or funny.

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Comments July 24th, 2009

Klaas-Jan Huntelaar transfer from Real Madrid to Arsenal

After Klaas-Jan Huntelaar move from Real Madrid to Stuttgart have fallen, it looks like Arsenal is interested according to “The Sun” and ready to get him for €19 million.

Real Madrid wants to sell and Arsenal has a limitted budget, so although this report from “The Sun” is believable, I still have my doubts, as an Arsenal fan I watched wenger season after season getting linked with many players and I cant yet put my hands on it but this deal does not seem right. I think Huntelaar might move to Tottenham.

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Comments July 24th, 2009

Ramadan Series 2009 : Bab Al Hara 4 (Video)

The latest promo on MBC:

I can see the MBC network executives pulling their hair now, but no one can blame MBC, no one could have predicted this kind of chaos. Fight after fight year after year and it never ends, an actor/actress is leaving or being removed, some even being offered big bucks to move to other series !!! The fighting even reached between fans who are now in two or more teams, those who blame the director who is controlling everything now as a producer and those who accuse the actors to be troublemakers for asking more money, Yes this is the level it reached to?!

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Comments July 24th, 2009

Hamdi Qandeel from Dubai TV to Al-Libiyah to Al-Manar ?

hamdi Again the man who wants offer the truth to the people is fought in every way possible. Leaving Dubai TV after an amazing 4 year run, where as he says he was never censored, which in my opinion is a very brave thing from Dubai TV. But then he had to leave, and after months of speculation we see him announcing on DREAM TV in the talk show “Al3ashera Masa’an” with Mona Elshazly that he is heading to London to continue producing “Qalam Rasas” for Al-Libiyah channel.

No one was enthusiastic about Al-Libiyah, yet the people wanted to listen to Hamdi Qandeel in any possible way, even if it was audio files being downloaded via the internet. But the show did start on Al-Libiyah and although there was always technical problems with the sound and color, but people watched, a huge number of audience the new born channel would never ever have dreamed of.

But problems keep following Hamdi, for unusual reasons the General Manager of Al-Libiyah channel was jailed for couple of days for reasons related to Hezbollah (don’t ask me am as clueless as you are), and since that day “Qalam Rasas”  never aired. Only five episodes were aired since the comeback in March. We later knew that Al-Libiyah channel which was a private channel, was nationalized by the president of Libya Muammar Al-Qathafi.

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Comments May 8th, 2009

The University of the People (Tuition-Free / Low Cost) Free Online University

uop

Since the rise of the internet I always heard of projects of online universities, virtual universities, online only universities and even FREE online universities. But every time the end result was disappointing, with some of those projects either ridiculously very expensive, not accredited or the project simply gets cancelled for funding issues.

So that is why when I heard about the UOP “University of the People” I was not that shocked, and I just thought it will be the same old story, big idea with disappointing implementation. And don’t get me wrong it still might lead to that result, who knows? But this time this feels a bit different.

Few years ago many universities made their course materials available online for free, video lectures, audio lectures, slides, notes and even assignments. The leading university who took this bold move was MIT “Massachusetts Institute of Technology”. Many other universities followed MIT’s lead such as Berkeley, Stanford, Harvard, UCLA, Yale, Washington and many more.

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Comments May 8th, 2009

Tremors Felt in Dubai – Magnitude 5.3 Earthquake NEAR THE COAST OF SOUTHEASTERN IRAN (8th of May 2009)

On my clock it was 2:49 AM when I felt the tremors in my room, I was reading my favorite blogs and I felt the bed shaking and then I looked at the mirrors in front of me and they were shaking, although these kind of tremors became more normal during the past few years, yet I still do freak out and panic whenever they happen because I keep wondering if this could be the BIG one.

As usual I quickly went to the USGS website to check what happened but it was still not reported, then I checked twitter where I found couple of people asking the same question I had, DID YOU FEEL IT?

Maps after the jump…

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Comments May 8th, 2009

Firefox Copy/Paste Bug – Fixed

Well i was having this issue on Firefox 3 and did quite a bit of reading up on the issue and tried the suggestion at Firefox Copy & Paste Bug: (Not) Fixed!!, with no luck and then i read through Copy & Paste problem with FireFox 3 (STILL NOT SOLVED After all!!! ) and noticed that a number of the people who had this issue had IE Tab installed. So when someone mentioned disabling addons, i disabled all of them and tried copying and pasting and it worked fine, so one by one i enabled them and thinking that IE Tab maybe the cause i enabled it the last and it was the problem.

The weird thing is that the problem wouldnt happen on all pages, but whether or not the page has the problem you can always Ctrl+A and Ctrl+C to copy the whole contents of the page without any problem. Well i was using IE Tab 1.2 because it was the last version that didnt crash firefox when i switched views from firefox to ie (of course i used MR Tech Toolkit to make that possible). So i decided to upgrade to the latest version of IE Tab (1.5) to see if it crashed and it did. I thought it maybe because of another addon was conflicting with it and that didnt help either, so i’m back to square one. So i have the choice now whether to enjoy copying/pasting or use IE Tab. Hope this solution helps someone. :)

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Comments March 25th, 2009

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