*That great London trader got back in gold at $816. Did he ever nail that one. Short term he is not sure what gold will do, but $1,000 is his objective and then a correction.
*Dubai is going through its market crashes including real estate. Someone he knows wanted to buy a condo in Dubai a few months ago. The seller wanted $1.8 million, which he thought was too high. The seller just came back with an offer of $1.2.
*Due to the market crashes, including oil, in the Mideast … and the slowdown in India, some Dubai silver traders have been stuck with excess physical silver. Has to be a nice problem to have with silver trading up like it is.
*He hears Obama is going to change some tax laws ("benefits) on real estate, which will make it less attractive (just what that market needs). His point is that it will have a beneficial effect for gold, silver and diamonds.
