Popular Post Doc31 Posted December 28, 2010 Popular Post Report Share Posted December 28, 2010 Currency Auctions Announcement No. (1803) The latest daily currency auction was held in the Central Bank of Iraq on the 28-DEC-2010. The results were as follows: DetailsNotesNumber of banks11 Auction price selling dinar / US$1170 Auction price buying dinar / US$----- Amount sold at auction price (US$)124,178,000 Amount purchased at Auction price (US$)----- Total offers for buying (US$)124,178,000 Total offers for selling (US$)----- Exchange rates Dollar's exchange rates / in Baghdad markets Spot Oil~$92.27 up a bit and very solid presently Spot Gold $1403.70 ... spiked up at NY open Zeroes ... well the CBI webmasters/PTB have decided to keep us in the dark again ... currency auction is listed but the stats on the pdf file are not. However, (I'm sure that you will see later in an article today or the pdf update tomorrow that) the cash portion totaled 877K or what I've been calling a near zero day because statistically it is insignificant ... what is it telling us though? ... they continue to reqire small adjustments to liquidity inside a moderately low auction that only 11 banks participated in. So, we are going to call this day 54. Folks have been asking, "why is IQD still available since it appears to be drying up (either because of hoarding or they are out ... pick a side ... but you are on your own there) and where do they (the retailers) get there IQD? Second answer first ... I am told that GID gets there's through Jordan and that DT gets there's out via Dubai ... although some say directly from Iraq ... dealers choice. Regardless, one of the things that we have been waiting to see is a rise in the retail rate of the IQD ... the rates at DT today are higher ... I don't know what day precisely that this happened but the normal breaks up the scale aren't there ... from 1M to 10M the price is a level $1080 ... while I understand that this is NOT huge, it is significant ... and it could indicate one of a few things: 1) availability of IQD is drying up 2) speculators/investors are gobbling it up and retailers realize that they can raise the price because the market is slammed with buyers 3) both of the above While we have continued to buy at least once a week every week for the last 13 or 14 months ... last weeks order (before Christmas ) placed Dec 23rd was small and won't be filled until today (28th) for delivery tomorrow (29th) DT's website states that "orders placed after Dec 26th won't be filled until Jan 7th for delivery Jan 10th! Are we seeing a pattern here? While this can be explained away easily (vacations, holidays, etc) this would appear to be a bit more significant than the price change ... let's just say that it is a fortunate "happenstance" for a currency retailer if the world is expecting something to happen to the major product that a retailer would be holding at such a time. In fairness, it does say, that orders placed on-line will have their prices locked in. Since the majority of their business (their preference) is COD though ... my thinking is that the price is locked but since you haven't paid but only promised to pay that you own nothing. Perhaps I am wrong ... I'm just a common sense kind of guy and this scenario seems logical. More importantly by publishing this on the site they don't lose sales should the RI/RV not occur and don't give up IQD unnecessarily if it does. In my world they call that "prior planning" ... in this case by positioning ... a solid business plan mind you (if true). Now I'm not going all conspiracy theorist on you again ... we had a really good time with that this weekend when the news was that ... there was absolutely NO news! I'm just trying to sort out what's what right now ... let's see ... price is up ... availability sketchy ... you decide. If you didn't read Frank26's post from last night ... do. He points out that the last Thursday of the month is historically higher % rate change days AND that the Iraqi TV is telling Iraqis that the last day of the CBI's year is Thursday, Dec 30th, 2010. I know ... your call ... but don't be blasting Frank ... the man gets 24K to 55K hits/night and is the most quoted/cut/pasted guy on the net ... often without being given credit. If you aren't interested in what he has to say ... it's simple ... don't read him ... you can use my brief synopsis here (or not ... lol)! He also says that the people are being told that their 2011 budget STARTS 1/1/2011! ... if true, that is monumental (remember, though, this budget is in USD to avoid last years debacle ... yes, that concerns me). Additionally, Frank26 reports that the CBI has been in audit ... as suggested by Zantac and his posse last week(?). Let's summarize: high oil and climbing, high gold and spiking up, zeroes continue, price of IQD up, (our) need up. Since I deal in probabilities ... this seems like a nice "window" ... who knows? ... Shabs knows! ... not us ... lol I'm going to remind you of something else that Frank26 says AND something that I DO because I'm continuously asked how I manage to stay off the rollercoaster ... Frank says not to even read what the GOI is purporting to be news ... but I do read it ... I have to, to get a sense of what is going on even if/especially if it is subterfuge ... keeping my fingers on the pulse, if you will ... however, I do file it in by brain under "noise". I also combine that with buying a bit or a bunch of IQD weekly ... in my mind, for all of their delaying ... I am making them pay! I realize that they will never know and that the notion is preposterous. However, it does wonders for what's between my ears and my heart ... I just smile ... oh, yeah ... we're all in need of some kind ... but doing it the way I do it ... and I will end with this ... I am CONSOLED when I think back on the year and realize that for each week that we had to "suck it up" I have been blessed to acquire more and more IQD to feed kids with (our mission) and that I am so thrilled that it did NOT RI/RV in April (or whenever) ... with that ... making it to/through the next "maybe day" becomes joyful! When I first purchased IQD it was "IF" it happens ... for a very long time now I have said "WHEN" it happens ... and yes, it will! Chin up ... peace to all Doc31 22 Link to comment Share on other sites More sharing options...
JR_From_Texas Posted December 28, 2010 Report Share Posted December 28, 2010 Thank you Doc for the information. I am a long time reader and a first time poster. Your insight into this is very appreciated. Thanks, JR 1 Link to comment Share on other sites More sharing options...
PacoTaco Posted December 28, 2010 Report Share Posted December 28, 2010 Thanks for the post! Link to comment Share on other sites More sharing options...
Logical1 Posted December 28, 2010 Report Share Posted December 28, 2010 Thanks for the post! Link to comment Share on other sites More sharing options...
dhill958 Posted December 28, 2010 Report Share Posted December 28, 2010 Doc Thanks for the fresh insight, very good post!! Dhill958 Go RV!!!!!!! Link to comment Share on other sites More sharing options...
mlay901 Posted December 28, 2010 Report Share Posted December 28, 2010 Great post Doc! Thanks for your time and insight. GO RV!! Link to comment Share on other sites More sharing options...
prettybaby Posted December 28, 2010 Report Share Posted December 28, 2010 Yes, it will happen. Now FAITH is the substance of things hoped for and the evidence of things not seen Link to comment Share on other sites More sharing options...
tim5400 Posted December 28, 2010 Report Share Posted December 28, 2010 THANKS FOR THE SOUND EXPLAINATION OF WHERE WE STAND. ITS NICE TO KNOW SOMEONE ELSE BELEIVES THIS WILL HAPPEN. WE STILL HAVE A FEW DAYS BEFORE THE EOY GO RV 1 Link to comment Share on other sites More sharing options...
onerighthand Posted December 28, 2010 Report Share Posted December 28, 2010 When I first purchased IQD it was "IF" it happens ... for a very long time now I have said "WHEN" it happens ... and yes, it will! It's goin to happen, cuz Doc says it will, Oh ya! Now if we can just get him to say when. Thanks Doc 1 Link to comment Share on other sites More sharing options...
tevye02 Posted December 28, 2010 Report Share Posted December 28, 2010 Great post Doc! While I want it to RV soon, each week it doesnt "RV on Thursday /cash in on Monday" gives me time to buy a little more. I havent hit my "par level" yet! If it happens before I do I'll still take it. Thanks again for a job well done! Link to comment Share on other sites More sharing options...
ROACH Posted December 28, 2010 Report Share Posted December 28, 2010 Thanks Doc. Another good post as ususal from you. Link to comment Share on other sites More sharing options...
pops Posted December 28, 2010 Report Share Posted December 28, 2010 Thanks Doc. Hope to see you at the bank soon. 1 Link to comment Share on other sites More sharing options...
Sk 1962 Posted December 28, 2010 Report Share Posted December 28, 2010 Thanks Doc. Hope to see you at the bank soon. Ditto Link to comment Share on other sites More sharing options...
gbrlgms Posted December 28, 2010 Report Share Posted December 28, 2010 thanks doc for everything that you do,specially this great post and the patterns that you have been showing us,god bless. Link to comment Share on other sites More sharing options...
Doug A Posted December 28, 2010 Report Share Posted December 28, 2010 Thanks again for your posts Doc, I love reading your comments. Doug A Link to comment Share on other sites More sharing options...
FlyinEagle Posted December 28, 2010 Report Share Posted December 28, 2010 Thanks again Doc! Link to comment Share on other sites More sharing options...
Jrose Posted December 28, 2010 Report Share Posted December 28, 2010 Thanks Doc for the information. I am also a long time reader and a first time poster. Your insight into this is very appreciated to me as well. This post was great due to the fact that I have been holding onto my Dinar now for five years and I am wondering when these Dinar are going to RV. I have seen a ton of postings and I must say it has been one hell of a ride. Thanks again, Jason 0 * + * - Read more: Link to comment Share on other sites More sharing options...
usndsd Posted December 28, 2010 Report Share Posted December 28, 2010 thanks doc you da man Link to comment Share on other sites More sharing options...
NICKS Posted December 28, 2010 Report Share Posted December 28, 2010 Come on rv 12/31!!!!! Link to comment Share on other sites More sharing options...
Doc31 Posted December 28, 2010 Author Report Share Posted December 28, 2010 Thanks Doc. Hope to see you at the bank soon. Thanks for all the nice comments and hope to see you ALL at the bank soon as well. Link to comment Share on other sites More sharing options...
kingfish Posted December 28, 2010 Report Share Posted December 28, 2010 Thanks Doc Link to comment Share on other sites More sharing options...
ktlamm Posted December 28, 2010 Report Share Posted December 28, 2010 Thanks Doc I really needed to here your master opinion.. God Bless Link to comment Share on other sites More sharing options...
frankc Posted December 28, 2010 Report Share Posted December 28, 2010 Thanks Doc and let's HOPE! Link to comment Share on other sites More sharing options...
Bucko Posted December 28, 2010 Report Share Posted December 28, 2010 Currency Auctions Announcement No. (1803) The latest daily currency auction was held in the Central Bank of Iraq on the 28-DEC-2010. The results were as follows: DetailsNotesNumber of banks11 Auction price selling dinar / US$1170 Auction price buying dinar / US$----- Amount sold at auction price (US$)124,178,000 Amount purchased at Auction price (US$)----- Total offers for buying (US$)124,178,000 Total offers for selling (US$)----- Exchange rates Dollar's exchange rates / in Baghdad markets Spot Oil~$92.27 up a bit and very solid presently Spot Gold $1403.70 ... spiked up at NY open Zeroes ... well the CBI webmasters/PTB have decided to keep us in the dark again ... currency auction is listed but the stats on the pdf file are not. However, (I'm sure that you will see later in an article today or the pdf update tomorrow that) the cash portion totaled 877K or what I've been calling a near zero day because statistically it is insignificant ... what is it telling us though? ... they continue to reqire small adjustments to liquidity inside a moderately low auction that only 11 banks participated in. So, we are going to call this day 54. Folks have been asking, "why is IQD still available since it appears to be drying up (either because of hoarding or they are out ... pick a side ... but you are on your own there) and where do they (the retailers) get there IQD? Second answer first ... I am told that GID gets there's through Jordan and that DT gets there's out via Dubai ... although some say directly from Iraq ... dealers choice. Regardless, one of the things that we have been waiting to see is a rise in the retail rate of the IQD ... the rates at DT today are higher ... I don't know what day precisely that this happened but the normal breaks up the scale aren't there ... from 1M to 10M the price is a level $1080 ... while I understand that this is NOT huge, it is significant ... and it could indicate one of a few things: 1) availability of IQD is drying up 2) speculators/investors are gobbling it up and retailers realize that they can raise the price because the market is slammed with buyers 3) both of the above While we have continued to buy at least once a week every week for the last 13 or 14 months ... last weeks order (before Christmas ) placed Dec 23rd was small and won't be filled until today (28th) for delivery tomorrow (29th) DT's website states that "orders placed after Dec 26th won't be filled until Jan 7th for delivery Jan 10th! Are we seeing a pattern here? While this can be explained away easily (vacations, holidays, etc) this would appear to be a bit more significant than the price change ... let's just say that it is a fortunate "happenstance" for a currency retailer if the world is expecting something to happen to the major product that a retailer would be holding at such a time. In fairness, it does say, that orders placed on-line will have their prices locked in. Since the majority of their business (their preference) is COD though ... my thinking is that the price is locked but since you haven't paid but only promised to pay that you own nothing. Perhaps I am wrong ... I'm just a common sense kind of guy and this scenario seems logical. More importantly by publishing this on the site they don't lose sales should the RI/RV not occur and don't give up IQD unnecessarily if it does. In my world they call that "prior planning" ... in this case by positioning ... a solid business plan mind you (if true). Now I'm not going all conspiracy theorist on you again ... we had a really good time with that this weekend when the news was that ... there was absolutely NO news! I'm just trying to sort out what's what right now ... let's see ... price is up ... availability sketchy ... you decide. If you didn't read Frank26's post from last night ... do. He points out that the last Thursday of the month is historically higher % rate change days AND that the Iraqi TV is telling Iraqis that the last day of the CBI's year is Thursday, Dec 30th, 2010. I know ... your call ... but don't be blasting Frank ... the man gets 24K to 55K hits/night and is the most quoted/cut/pasted guy on the net ... often without being given credit. If you aren't interested in what he has to say ... it's simple ... don't read him ... you can use my brief synopsis here (or not ... lol)! He also says that the people are being told that their 2011 budget STARTS 1/1/2011! ... if true, that is monumental (remember, though, this budget is in USD to avoid last years debacle ... yes, that concerns me). Additionally, Frank26 reports that the CBI has been in audit ... as suggested by Zantac and his posse last week(?). Let's summarize: high oil and climbing, high gold and spiking up, zeroes continue, price of IQD up, (our) need up. Since I deal in probabilities ... this seems like a nice "window" ... who knows? ... Shabs knows! ... not us ... lol I'm going to remind you of something else that Frank26 says AND something that I DO because I'm continuously asked how I manage to stay off the rollercoaster ... Frank says not to even read what the GOI is purporting to be news ... but I do read it ... I have to, to get a sense of what is going on even if/especially if it is subterfuge ... keeping my fingers on the pulse, if you will ... however, I do file it in by brain under "noise". I also combine that with buying a bit or a bunch of IQD weekly ... in my mind, for all of their delaying ... I am making them pay! I realize that they will never know and that the notion is preposterous. However, it does wonders for what's between my ears and my heart ... I just smile ... oh, yeah ... we're all in need of some kind ... but doing it the way I do it ... and I will end with this ... I am CONSOLED when I think back on the year and realize that for each week that we had to "suck it up" I have been blessed to acquire more and more IQD to feed kids with (our mission) and that I am so thrilled that it did NOT RI/RV in April (or whenever) ... with that ... making it to/through the next "maybe day" becomes joyful! When I first purchased IQD it was "IF" it happens ... for a very long time now I have said "WHEN" it happens ... and yes, it will! Chin up ... peace to all Doc31 I dont understand...If there still selling dinar at auction wouldnt that be a sign that were a ways from an RV? 1 Link to comment Share on other sites More sharing options...
zantac Posted December 28, 2010 Report Share Posted December 28, 2010 Quality once again Doc were would we be without you Additionally, Frank26 reports that the CBI has been in audit ... as suggested by Zantac and his posse last week(?). Adding fuel to the fire as Frank26 is correct, please read the full post below. To be precise just above bullet point 28 in red The external auditor will also undertake special audits of (i) CBI Net International Reserves, and a full count of gold and foreign reserves held at the Central Bank, as of June 30, 2009, (ii) CBI data reported to the Fund, including, but not limited to, Net International Reserves, Net Domestic Assets, credit to government and a full count of gold and foreign reserves held at the Central Bank, as of December 31, 2009, December 31, 2010, December 31, 2011 and the other test dates during the SBA, and (iii) procedures surrounding government accounts at the CBI. Happy New Year DV Vets 1 Link to comment Share on other sites More sharing options...
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