CBI Currency Auction 11/28/2010

[Doc31]

Currency Auctions

Announcement No. (1783)

The latest daily currency auction was held in the Central Bank of Iraq on the 28-NOV-2010.

The results were as follows:

DetailsNotesNumber of banks12

Auction price selling dinar / US$1170

Auction price buying dinar / US$-----

Amount sold at auction price (US$)159,091,000

Amount purchased at Auction price (US$)-----

Total offers for buying (US$)159,091,000

Total offers for selling (US$)-----

Exchange rates

Dollar's exchange rates / in Baghdad markets

Spot Oil~$84.24 from Friday

Spot Gold $1364 from Friday

Zero Cash Days ??? The CBI did NOT post the stats on the pdf file to let us see whether or not the streak continues ... so it stands at 33 as of Thursday ... we have no reason to suspect that things have changed ... but who knows ... right?

Gold is fine, oil up for weeks end (also EOM), probably 34 zero cash days (ok, I went out on a limb) with 12 of 19 banks participating on good volume. Perfect storm brewing? We'll see!

We see lots of things in the news (and I use that word a bit "tongue in cheek" ... this is still the GOI controlled news) that point us even more to the inevitability of the blessing that we seek. Are the European markets drying up? Will al-Maliki do it in less than 30 or will he further perpetuate this nonsense ... world's record for a country not having a seated government ... please. Frank26 indicates that we are in a "white" (hot) state of alert and worse case scenario we only have T minus 33 and counting! SteveI and C H E C K indicate that it is Not in months, Not in weeks, but in less (well our choices are only years and days and years would not fit the description so we assume days ... or hours ... which is my unsubstantiated favorite!). Still my resolute friend Zantac says before the end of January 2011.

Ok ... are you ready for a "rate and date" from Doc31?

Well, you must not have had your coffee this morning ... I don't do that! My point with the brief paragraph above is that regardless of your intel, needs, beliefs, desires, knowledge level, etc ... it appears that the UN, IMF, WTO et al have the GOI and the PM elect (?) cornered and while they can wriggle and writhe ... it would seem that it is only a matter of time ... and now it seems that no matter how you believe ... it will be BRIEF ... Praise God! Therefore, it would seem that there is no need to hop on the rollercoaster ... avoid the urge and save yourself the grief!

You should have already:

1) counted and authenticated your IQD

2) have a plan for taxes

3) have a plan for investment

4) know whether you will be exchanging for other currencies, metals, or whatever

5) have an idea or two where you will execute your plan

6) have a plan B, C, D, and E (minimally) for the scenarios that may unfold

7) have already gifted corps., friends, relatives, etc

8) have a plan for either moving and/or minimalizing the impact of your new wealth from the view of others i.e. have your desire to spend, spend, spend reigned in

9) have a prayer/praise/thanksgiving already in your heart for this incredible provision

10) (my favorite) have a plan to tithe, give back, fund, etc a 501 (C )(3) to help others ... don't miss this opportunity to fund the passion that exists in your heart to help others.

I'm sure there are many more but then again ... I've only had 1/2 a cup of coffee ... yes, I know ... I shouldn't oughta' do it ... too late ... lol.

I've spent the long weekend with the most beautiful and most fun friend, partner, lover, woman, and wife this weekend that any fellow could hope to have (yep, she watched most of the games WITH me ... what did I tell you about her?) ... I did barely looked at the news/rumors/chat ... and if you've done (at least) all of the things in the aforementioned list, I suggest that we all "kick back" a bit and simply let the upcoming blessing wash over us.

Well I'm off to church ...

I understand that many of us are hurting economically ... and so I hope that this has offered some perspective and has given some measure of comfort ...

Peace to all

Doc31

[DaveH]

Thanks Doc. Glad to hear you have had a great weekend. Thanks for taking the time to share.

[paj1985]

nice post doc

[robo5288]

Thanks Doc; as always straight forward, to the point. Just like I like it.

[FishMan1969]

Doc,

I loved the 10 items in the list...

and if I could add one more.

11) Don't forget to call or talk to the person that informed you of this investment and thank them from the bottom of your heart. Without them, none of us would be experiencing the blessing upon RV.

Thank you Mr. Brooks for telling me!! I appreciate you!

FishMan1969

[gbrlgms]

god bless doc! thanks for this great post ,i can sure feel something is about to happen

[hammer911]

Thanks Doc. Great news, info and advice!!!GO RV!!!~~~

[electric 1]

Thanks Doc and good advice. Going to church myself .

[Doc31]

11) Don't forget to call or talk to the person that informed you of this investment and thank them from the bottom of your heart. Without them, none of us would be experiencing the blessing upon RV.

Done!

[machcobra]

Amen Fish and not only that but send them a bottle of the finest drink there is, I am......

Doc,

I loved the 10 items in the list...

and if I could add one more.

11) Don't forget to call or talk to the person that informed you of this investment and thank them from the bottom of your heart. Without them, none of us would be experiencing the blessing upon RV.

Thank you Mr. Brooks for telling me!! I appreciate you!

FishMan1969

[Meesu]

Thanks Doc...that was a great post, just what I needed! I'm going to work on my list

and thanks FishMan for adding 11

bless all of you and have a great Sunday

Meesu

[dweave69]

thanks Doc.

Go

RV

now.

[Richardk]

Thanks Doc for the post.

Stay grounded, calm and be happy.

Go RV/RI

[tampa1000]

Nice post Doc!!! Thanks and have a good day at church...

Edited November 28, 2010 by tampa1000

[detracy]

Thanks Doc! I like your list. I'm struggling with #2 & #3 simply because our tax accountant (best friend), our lawyer (my brother-in-law) and our financial planner (our son) does not believe in this investment and thinks we're nuts! Therefore we won't be able to get their help until after the fact! Hopefully they won't mind helping even if we spare them the inevitable "I Told You So's"!!

Edited November 28, 2010 by detracy

[Kenny-Tx]

Thanks Doc and Fish. Great post, super list of things to do...

[lechesuerte]

Thanks Doc!!! I appreciate your efforts!!!! You sound like a lucky man!! But understand that those that are luckiest in life are those that realize that they already have all the best....happiness (attitude goes a long way with this one), good family (well you can't choose them but you can influence the way others think and you know...you have to love them as they with you despite flaws), and good friends (although very important ...it's better to have a few that you will love until the end and would do anything for rather than many that don't care...I mean really care). Anyways thanks for the updates and as always ...................GO RV in 2010!!!!!

[brichards513]

Thanks Doc! I look for your post every day - what a blessing you have been to all of us on this forum. Thank you once again for sharing & for the spot on list - including #11 from the fishman!

God Bless you one and all!