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 ?
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.
The next day I get a phone call from ETORO middle east customer support, and I was amazed that he spoke Arabic, although talking about FOREX in Arabic was awkward but I had a long chat with him, and he kept going on and on how etoro is the best invention on the net (ya right), I didn’t mind it as I was eager to know more although I knew he just wants to make a sale.
Everything was fine until I asked him a question about money transfers via credit cards and PayPal and if they support it and so on, the second I mentioned PayPal he went crazy, and asked me what’s my nationality I told him “I am Jordanian”, so he went mad again and started insulting all Jordanians!!! that we are cheap and etoro is not for “my” kind of people!! So I taught him a lesson on how to treat future customers and ended the call.
Just minutes before his call I was thinking seriously to deposit $500 dollars to try it out, and also to try the “Islamic” accounts, but after that unprofessional rude unacceptable treatment how can I do so?? Few days later I am chatting with a friend and FOREX came up and he told me nearly the same thing happened to him too!!
What is wrong with these people? Are they expecting FOREX professionals to talk to them? or are they expecting new users to deposit thousands of dollars from the first try? Their whole pitch is that they are user friendly and that their system is “EASY” for beginners?! Actually their minimum deposit is $50 US Dollars. Although I think etoro is an attractive and simple system yet they really need to seriously filter their customer support employees for the middle east and employ those who are pro and who knows how to effectively and respectfully communicate with their customers.
Well there were signs all over the net that there is a huge bidding war between Microsoft and Google and it seems Miscrosoft just wanted it more than anybody. The speculation was that who ever wins the bidding in the end will buy around 10% of Facebook, but the war ended with Microsoft paying $240 Million for a 1.6% stake in Facebook. Which makes Facebook overall value goes up to 15 freakin BILLION Dollars, $15 Billion, wow, although this year they have made only around $150 Million in revenue.
So what is the deal exactly, well Facebook gets allllot of cash, employ some new employees, expand to other countries and so on, for Microsoft, it will be selling ads that show up on Facebook outside the U.S and share the revenue with Facebook, btw Microsoft already sell ads for Facebook in the U.S.
Who should we congratulate? who is the real winner here ? only time will tell.
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).
Well there were signs all over the net that there is a huge bidding war between Microsoft and Google and it seems Miscrosoft just wanted it more than anybody. The speculation was that who ever wins the bidding in the end will buy around 10% of Facebook, but the war ended with Microsoft paying $240 Million for a 1.6% stake in Facebook. Which makes Facebook overall value goes up to 15 freakin BILLION Dollars, $15 Billion, wow, although this year they have made only around $150 Million in revenue.