links for 2009-12-03

UK banks have an aggregate exposure to Dubai World of about $5bn, the Financial Times has learnt, confirming them as the biggest creditor group at the crisis-hit emirate holding company.

A lot of people are getting all worked up about the rising price of gold. Some say the current move has gone "parabolic" and that we're in the midst of a "blow-off top" akin to the early 1980s peak that saw the gold price disappoint investors for years afterward.

Dubai’s government said it hasn’t guaranteed the debt of Dubai World, the state-controlled holding company struggling with $59 billion in liabilities, and that creditors must help it restructure.

With luck, the Dubai debt fiasco will be the disaster that wasn't, but the Gulf State's recent financial sandstorm hasn't completely abated. And it could mark the starting point of another round of global turbulence.

High investor expectations and poor technical performance are bad news for RIMM