UAE. Market setback was short-lived with not enough good news in the pipeline for a break out to the upside; We prefer Russia and China in emerging markets; Watch out in case US bond yields break to the upside; Dubai's DFM has opportunity and volatility.
UAE. "The general trading atmosphere is sufficiently negative for gold to enable sellers to have a firm grip on the market. However, I fail to see how the rally in the stock markets can be put into any sensible relation to the economic plight of the underlying countries."