Monday Evening Guru Opinions @ 7:55 PM CST - 3/09/2020

[ronscarpa]

 

 

3-9-2020   Newshound Guru Kaperoni   ...I wouldn't be so broad is to say nothing happened a lot has happened over the last few years...just not what most are looking for...no doubt there hasn't been any Improvement in the exchange rate but there has been progress over the last several years to diversify the economy. And that will have to continue if this plan of raising the value will ever work...The IMF doesn't want countries pegged. They want them to float and let the world decide the value of their currency. Eventually that will have to happen if Iraq gets substantial investment. (Some 60 billion dollars) to rebuild that they are wishing for.

3-9-2020   Intel Guru Delta    Trade Bank of Iraq...  "Our dear customers:  We would like to inform you that the promotion of personal loan transactions has been stopped until further notice..."   [Delta...what does this mean? How does this benefit us?]  RATE IS CHANGING...(wink)..

3-9-2020  Intel Guru MarkZ   Everybody seems to be in a surprisingly good mood with the world on the brink today…..well, it’s good for us. I think this week we are going to have to sit back, grab our popcorn and watch everything unfold as things go screaming into place for us.  Now look at the oil crash today...  Oil props up the Petro Dollar...Saudi Arabia just said the US dollar is basically crap... This is big. When you are buying gold you are shorting the dollar. Then Saudi Arabia crashes the oil prices…at present levels oil is expected to close at $27 to $32 dollars a barrel today...it could go lower if Saudi Arabia declares war on the Petro dollar.  This is BIG NEWS screaming we are about to have a reset! Just read the news and you will see we are so close to a reset. ..... There is so many economic indicators screaming that there is no place to go. ...Its going to be a interesting week…and we will all be here watching it happen.

3-9-2020   Newshound Guru Pimpy   Article Salih: The UN Security Council Sanctions Still Apply To Iraq.   ...what that means is they're preventing their currencies from being recognized internationally.  This means that Iraq can't really step out on the International market and do business like they need to do.  If the rate change happened today...we would have a hard time trying to exchange our money with some of our banks because the currency is not bing recognized internationally.  I know Chase Bank is accepting the dinar now at its current rate and my assumption would be that if a rate change happens they would honor the new rate.  But there's a lot of banks and a lot of financial institutions that are not recognizing Iraq internationally...

3-9-2020   Newshound Guru Jeff  ...we're at the end...all the news talking about Iraq's economics.  Political scene.  The budget.  Everything is complete pure BS...everything is waiting on the rate change including the politics...only one level of news has been accurate.  That's the banking news.  You guys have seen some really good banking articles through this past week...

 

[ronscarpa]

Futures & Indexes	Last	Change	% Change	Last Updated
	WTI Crude	32.61	+1.58	+5.08%	(10 Minutes Delay)
	Brent Crude	36.07	+1.71	+4.98%	(13 Minutes Delay)
	Mars US	28.48	-13.50	-32.16%	(1 Hour Delay)
	Opec Basket	48.33	-3.41	-6.59%	(3 Days Delay)
	Canadian Crude Index	17.87	+0.00	+0.00%	(1 Hour Delay)
	DME Oman	33.05	-12.17	-26.91%	(20 Minutes Delay)
	Urals	48.15	-0.10	-0.21%	(3 Days Delay)
	Mexican Basket	35.75	-4.57	-11.33%

	OPEC Members (Daily Pricing)	Last	Change	% Change	Last Updated
	Murban	34.86	-15.46	-30.72%	(20 Hours Delay)
	Iran Heavy	28.58	-9.30	-24.55%	(20 Hours Delay)
	Basra Light	32.68	-13.66	-29.48%	(20 Hours Delay)
	Saharan Blend	35.97	-10.44	-22.50%	(20 Hours Delay)
	Bonny Light	37.22	-9.11	-19.66%	(20 Hours Delay)
	Girassol	36.93	-9.14	-19.84%	(20 Hours Delay)
	Arab Light	29.05	-23.39	-44.61%	(20 Hours Delay)
	Zafiro	33.43	-15.79	-32.08%	(20 Hours Delay)
	Kuwait Export Blend	49.82	-2.43	-4.65%

 

uae   Das

30.70

-18.04

-37.02%

(20 Hours Delay)

Edited March 10, 2020 by ronscarpa

[ChuckFinley]

Thanks Ron 👍.