Amazing video from the top of the world's tallest building in Dubai

See what is happening in Dubai - the Burj Dubai will be over a half a mile high when it is finished next summer.

Equities are toast, buy gold and silver instead!

Almost every global stock market has now entered bear market territory, and the fall to the market bottom may be still more painful. At the same time gold and silver are gaining in value. To switch from one asset class to the other would appear both logical and necessary.

Is Dubai paying too much in Russia?

Dubai is bidding for Russian state electricity assets in a joint venture. But at over $5 billion is the price tag too much?

HSBC launches 6% mortgage rate in UAE

House prices were up 78% in Dubai over the past year, and low cost mortgages from the likes of HSBC will add further fuel to this house price inflation.

Is Lehman toast, will the market crash like in March?

Lehman shares fell 11% on Monday in a pattern reminiscent of the collapse of Bear Stearns last March. Does this mean a repeat of the sell-off seen in markets then?

Gold, silver bounce back after meaningless Fed statement « Peter J. Cooper...

" Remarks by the Fed that the economy showed some signs of improvements brought the only ripple of controversy with commentators immediately pointing to job cuts, gas price rises and food inflation as making this highly doubtful. "

RBS chooses gold to beat inflation in new expatriate fund « Peter J. Cooper...

"The role of gold in this new account is bound to raise eyebrows and comes as the bank is warning customers to expect turmoil in equity and credit markets over the next three months, an unusal statement for the second largest UK bank. "

Trump cashes in on the Dubai property boom

"Donald Trump may be counting his losses in New York but in Dubai the sale of a penthouse in the Trump International Hotel and Tower for $3,000 a sqft brought a predictably quiet and understated reaction from the reclusive billionaire (pictured above with his daughter Ivanka). "

Sudden gold and silver drop on Monday suspicious « Peter J. Cooper’s Weblog

"You only have to look at the gold and silver charts for Monday to sense that more than market forces have been at work. The chart slumps suddenly at the 8 am Eastern Time opening of trading and then flat lines. "

Oil may spike to $150 after inconclusive Jeddah conference « Peter J. Cooper...

"Lack of commitment to new supply, a halt to Nigerian oil production and bitter divisions among oil producers are expected to deliver the reverse of the intended consequences to the Jeddah energy conference: a spike in oil prices to test the $150 a barrel market this week."

What next for the economies of the Gulf States? « Peter J. Cooper’s Weblog

"For the time being the US economic slowdown remains a positive for the Gulf States, and only a much deeper economic recession will seriously dampen oil prices and impact regional prosperity."

Gold and silver break above $900, $17, ready for Iran crisis? « Peter J. Coo...

" Oil prices remain very high and the Jeddah international conference will be keenly watched by observers this week. A coordinated move to dampen oil prices by increased supply is, however, unlikely to impress markets now eyeing the security implications of Israel’s dummy...