Doc31 Posted December 21, 2010 Report Share Posted December 21, 2010 Currency Auctions Announcement No. (1798) The latest daily currency auction was held in the Central Bank of Iraq on the 21-DEC-2010. The results were as follows: DetailsNotesNumber of banks23 Auction price selling dinar / US$1170 Auction price buying dinar / US$----- Amount sold at auction price (US$)189,861,000 Amount purchased at Auction price (US$)----- Total offers for buying (US$)189,861,000 Total offers for selling (US$)----- Exchange rates Dollar's exchange rates / in Baghdad markets Spot Oil~$90.25 big up Spot Gold $1384.60 ... gold had a weird spike at the NY open but is presently at this level Zeroes ... your call but I'm calling it 49 as the cash portion of the auction represented only .68% of the total volume of the auction with 23 banks participating (man, I lost count of the number of banks). Well, oil is up into the $90 range that Frank26 says that we have to have ... personally, I've been fine with it hovering in the high $88 to $89 range ... I just figured it was close enough. Gold is still insane. I know that we've called this the "perfect storm" but I keep getting questions from newbies on what that is so ... quick recap ... oil $90 and above and high gold prices is sort of the "spoon full of sugar makes the medicine go down" (Julie Andrews sang about in the sound of music) that the Iraqis require (? it's conjecture but logical) to RI/RV not only successfully but easily. We have witnessed for months oil at $70something in the middle of the month only to rise in the last 4 or 5 days to be at peak at the beginning of the next month ... it would sit in the $80something range for about 12 to 15 days and then decrease to the $70somethings and start all over again. Now this is the part that is most interesting to me ... this last month it ran up into the $90 somethings and only settled into the $80 somethings ... now, with all of the hoopla surrounding al-Maliki and the complete formation, naming, and seating of the GOI ... it is now the 21st (a time where oil has typically slid down to the $70somethings) oil just peeked over $90! I don't know when it will happen ... only that it will ... but to even a casual observer ... combined with the zeroes/near zeroes, high gold, high oil, etc. this is all positioned perfectly to support a very strong RI/RV! ... that's what the term "perfect storm" means in this context! And THAT is exciting to me! I see that Frank26 told everyone to ignore Salea ... I'm certain he meant Salih/Saleh that I have been railing against for the last several weeks ... the guy who claims that he is an "advisor" (sometimes Chancellor) ... you know "chicken little". I'm thrilled that Frank26 did this ... they guy gets 24K to 55K hits a night ... we here are fortunate when we see 2000 in a day ... I don't care who says it ... just that it gets said ... I know that Salh will be right occassionally because often on consecutive days he will take one side of the issue and then the other! ... ignore him and get the news elsewhere in that event. Ok ... off the soap box ... sorry. I will be on DV less as I have family in town but I will check-in from time to time. Peace to all ... Merry Christmas Doc31 14 Link to comment Share on other sites More sharing options...
lechesuerte Posted December 21, 2010 Report Share Posted December 21, 2010 Thanks Doc and Merry Christmas to you and yours! All of your efforts are definately appreciated. GO RV in 2010!!!! Link to comment Share on other sites More sharing options...
speedy1 Posted December 21, 2010 Report Share Posted December 21, 2010 thank the good lord you got this up, there was a imposter trying to do your job earlier. he wasnt near as thourough as you tho doc thanks again!!!!!!!! hope you dont have to do many more!! Link to comment Share on other sites More sharing options...
caz1104 Posted December 21, 2010 Report Share Posted December 21, 2010 Doc31 as usual THANKYOU! Merry Christmas to you and your family.............................................................GO RV 2010 BABY!!!!! Link to comment Share on other sites More sharing options...
pops Posted December 21, 2010 Report Share Posted December 21, 2010 Thanks as always Doc. I appreciate how you give facts and comments without the sugar coating but with enough for us to digest. Now I'm going to digest this and all the other good news I"ve read in the past two days. GO RV Link to comment Share on other sites More sharing options...
mlay901 Posted December 21, 2010 Report Share Posted December 21, 2010 Thanks Doc, Merry Christmas! Link to comment Share on other sites More sharing options...
Teresa82 Posted December 21, 2010 Report Share Posted December 21, 2010 Thanks Doc....love the facts!!!! Merry Christmas! 1 1 Link to comment Share on other sites More sharing options...
BamBam Posted December 21, 2010 Report Share Posted December 21, 2010 Thanks Doc!! I patiently await to see your post everyday, just like when I await the doctor in his office! LOL:) Link to comment Share on other sites More sharing options...
lgraham Posted December 21, 2010 Report Share Posted December 21, 2010 Merry Christmas Doc....... Here is a little info to support your argument about the higher price of oil: http://www.cnbc.com/id/40759213 All the best to my friend, Lgraham 2 Link to comment Share on other sites More sharing options...
JamieS Posted December 21, 2010 Report Share Posted December 21, 2010 YOU ARE WONDERFUL!! Thanks so much for all you do!! Merry Christmas!! -TO ALL Link to comment Share on other sites More sharing options...
robnhood Posted December 21, 2010 Report Share Posted December 21, 2010 Thanks for the info it is very exciting. Link to comment Share on other sites More sharing options...
MovieMaker Posted December 21, 2010 Report Share Posted December 21, 2010 GREAT GATHERING OF INFO AGAIN! THANKS! Have a fantastic time with family, Merry Christmas to you and yours. Link to comment Share on other sites More sharing options...
Doug A Posted December 21, 2010 Report Share Posted December 21, 2010 Thanks for the facts Doc Link to comment Share on other sites More sharing options...
tkc Posted December 21, 2010 Report Share Posted December 21, 2010 Thanks Doc , " It's beginning to look a lot like Christmas, everyw here I go" PS Julie Andrews didn't sing that in the Sound of Music, " a little bit if sugar makes the medicine go down ". Link to comment Share on other sites More sharing options...
S and K Posted December 21, 2010 Report Share Posted December 21, 2010 Doc, it shows we are newbies probably. We have been reading for a while, just watching and waiting as patiently as we can. I just wanted to let you know, that I look forward to reading your posts. I love your candor. You are a "say it like it is and mean what you say" kinda person and I respect that! Thank you for all the work you do and the post you have done. I truly hope you have a fantastic Christmas. ;-) Link to comment Share on other sites More sharing options...
Thor363 Posted December 21, 2010 Report Share Posted December 21, 2010 Thanks Doc, awesome factual post as always. How's your quest to produce the currency list coming along? ...inquiring minds want to know... Link to comment Share on other sites More sharing options...
tjenks Posted December 21, 2010 Report Share Posted December 21, 2010 Hey guys im brand new and want to know as much as possible. Thanks for all the info. This sounds like good news. Excited to get to know everyone. Link to comment Share on other sites More sharing options...
Thor363 Posted December 21, 2010 Report Share Posted December 21, 2010 Hey guys im brand new and want to know as much as possible. Thanks for all the info. This sounds like good news. Excited to get to know everyone. Welcome to the forums! Link to comment Share on other sites More sharing options...
rick_jb Posted December 21, 2010 Report Share Posted December 21, 2010 Thanks for the post Doc, Merry Christmas and enjoy spending time with your family. GO RV in 2010 Link to comment Share on other sites More sharing options...
djgabrielie Posted December 21, 2010 Report Share Posted December 21, 2010 Yes, good post again doc... ty Link to comment Share on other sites More sharing options...
tjenks Posted December 21, 2010 Report Share Posted December 21, 2010 Welcome to the forums! Thanks Thor363. Link to comment Share on other sites More sharing options...
zantac Posted December 21, 2010 Report Share Posted December 21, 2010 Great post Doc31 A Merry Xmas to you & your family Sir Just my 2 Dinars worth from the group. What if they did audit weekend past, what if the auctions are just a smoke/mirrors thing, after all if they did RV in the next few days it cant be that hard to do an Audit for say 3-7 days of auctions as it would be to Audit 3-6 months worth. Just a matter of replacing a few digits here & there on a spread sheet. Like I said its just a brainstorming session we had on the phone today Go RV 3 Link to comment Share on other sites More sharing options...
JCOUTEE Posted December 21, 2010 Report Share Posted December 21, 2010 Thanks for the post !!! Link to comment Share on other sites More sharing options...
BW3 Posted December 21, 2010 Report Share Posted December 21, 2010 Sooooo, your saying there is a chance? jkjkjkjk OF COURSE YOU ARE!! THANKS FOR THE POSTS!!! MERRY CHRISTMAS TO ALL.... and to all A GOOD RV!!!!!!!!!!!!!!!!!!!!!! Link to comment Share on other sites More sharing options...
Doc31 Posted December 21, 2010 Author Report Share Posted December 21, 2010 Great post Doc31 A Merry Xmas to you & your family Sir Just my 2 Dinars worth from the group. What if they did audit weekend past, what if the auctions are just a smoke/mirrors thing, after all if they did RV in the next few days it cant be that hard to do an Audit for say 3-7 days of auctions as it would be to Audit 3-6 months worth. Just a matter of replacing a few digits here & there on a spread sheet. Like I said its just a brainstorming session we had on the phone today Go RV I love it ... good catch too ... makes perfect sense. Now if they will just get it in gear! Go RI/RV! Merry Christmas to you and yours as well my friend! Peace Doc31 1 Link to comment Share on other sites More sharing options...
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