Wednesday Midnight Guru Opinions EST - 3/11/2020

[ronscarpa]

 

 

3-11-2020   Intel Guru Frank26  Russia refused to scale back on it's [oil] exports and that pissed off Saudi Arabia.  And they said whatever they said to Russia...you know what Russia we told you not to mess around...Saudi Arabia says...we will increase our oil production and exports which has now given a surplus of oil in the markets causing the price of oil to go down dramatically pushing dramatically the reinstatement of the Iraqi dinar a lot faster.  In order to offset this budget fund deficit...

3-11-2020   Newshound Guru Vital Brad   Article  "Iraqi Stock Exchange decides to close the investor's hall until March 21."  Not only did they close the hall but the actual trading sessions have been shut down until March 21.  Does that seem a little odd?  They're gonna open back up on March 21st which is Saturday going into Sunday.  I've always heard that it's gonna happen {the RV} on a weekend. Interesting piece...Is it the coronavirus or something else going on?


3-11-2020   Newshound Guru Pimpy   ...the Iraqi Stock Exchange is closed until March 21st.  So many rumors out there before this was announced.  Why did they close until March 21st?  ...maybe they are preparing themselves for what?  The rate change.  Could they be preparing themselves for a rate change?  Is that what's going on?  We'll find out right.

 

Edited March 12, 2020 by ronscarpa

[pricestar8]

I think there going to wait till they have no other options, but to raise the value. There are people in places of power that will  try to take advantage of whats going on to get as much money in there hands as they can. Looks like its around 35 dollars today, lets see what happens when it gets to 25. 

[NoviceInvestor]

Thank you Ronscarpa.. My thoughts are that the markets are closed to calm the panic