Commodities
At a Sotheby’s auction Tuesday in Hong Kong, a mind-boggling 59.6 carat diamond – “Pink Star” – sold for US$71.2 million, a new world record for any diamond or jewel. The sale comes 3 years after the stone was sold at an even higher price at another Sotheby’s auction in Geneva. However, that deal later didn’t materialize […]
... written on Apr 05 2017Wahhabism is the main source of global terrorism, as identified by the European Parliament in July 2013. Wahhabism is so influential because Saudi Arabia sponsors the religious movement. Besides free flow of money, Muslims were easily influenced largely due to Saudi’s status as the custodian of the Two Holy Mosques in Mecca and Medina. […]
... written on Mar 14 2017Oil price is now at its lowest for the year 2017. The more than 5% plunge on Wednesday was the final nail in the coffin for speculators. There were high volume of trading, suggesting the speculators holding to their bullish positions were selling all out. According to John Kilduff, founding partner at energy hedge fund […]
... written on Mar 10 2017Will crude oil prices rise above US$60 a barrel this year? It’s not too much to ask considering the black gold once traded around US$120 a barrel in 2014. Before we could even think of US$60 price tag, the Brent has to breach US$58 first. So far, it hasn’t been able to do so. Analysts […]
... written on Mar 06 2017Malaysia is the first stop in a rare month-long tour of Asia by Saudi King Salman. The visit includes Indonesia, Brunei, Japan, China, Maldives and Jordan. The visit by King Salman is particularly important to Malaysian Prime Minister Najib Razak who is preparing to call for a snap national general election, rumoured to be this […]
... written on Feb 28 2017With hours away before the inauguration to install the 45th President of the United States, the entire Asia-Pacific is almost on standstill. As thousands of anti-Trump protesters hitting the street, hoping that their action could miraculously stop the ceremony, CNN was criticized for suggesting Donald Trump and his vice president could be stopped if they’re […]
... written on Jan 20 2017There are 2 important commodities that exist, in huge quantity, in the Middle East – oil and war. Oil provides free flow of money to the Gulf nations. Throw in the bonus of two Holy Mosques, suddenly Saudi Arabia becomes the “Big Brother of the Arab World”. Ironically, the existence of oil and the two […]
... written on Dec 19 2016Top oil producers Saudi Arabia and Russia made a joint statement at the G20 summit in China on Monday aimed at stabilizing crude prices. The joint statement was signed by Russian Energy Minister Alexander Novak and Saudi Energy Minister Khalid al-Falih. That alone should convince you to invest in oil immediately. Have you done that? […]
... written on Sep 06 2016Every 4 years, there are new athletes to watch and new record ready to be broken. The Olympics is the most prestigious sports event where athletes compete for the gold medal. The gold, silver and bronze winners would stand on the platform, receive their medals, and solemnly listen to the gold medal winner’s national anthem. […]
... written on Aug 10 2016Roughly 35,000 crossed the border on Saturday. Another 88,000 did the same on Sunday. Some had travelled in chartered buses from cities 10 hours away. Their mission: to buy food. What they have back home in their apartment is a fridge covered with souvenir magnets from vacations abroad, but no food. So when the […]
... written on Jul 19 2016
