Monday Morning Guru Opinions @ 8:35 AM CST - 3/09/2020

[ronscarpa]

 

 

3-9-2020   Newshound Guru Pimpy  ...because of the coronavirus crude oil is tanking, just like cryptocurrencies.  Just like the Dow.   These things are getting killed.  Just getting annihilated...it dropped to $45 (3/08). I think right now.  It might have dropped a little bit more..(Today, Monday 3/09 its $32)...between the protestors and their government and the PM I don't know how much worse it can get for Iraq.  It's just at its worse...this actually might be good for us in the Iraqi dinar community...let's just hope that oil prices keep going down and maybe that might trigger something that we've been waiting for...if ever a time before where Iraq needed a rate change to happen it's definitely now...Pimpy posted this yesterday...!

 

Edited March 9, 2020 by ronscarpa

[ronscarpa]

Added @ 10:15 AM CST:

 

3-9-2020   Intel Guru Footforward     [Question:   You don't think that this level of price drop endangers an RV? Hard to believe that Iraq could come out at a decent rate with this sort of price plunge on oil.]  I see it pushing the financial crisis in the middle east to a breaking point where they have to RV. They will have to make a deal with Saudi Arabia on oil prices to make that happen.