CBI Currency Auction 3/4/2011

[Doc31]

Nope ... it's Friday and there is no currency auction.

Oil is still climbing

Gold has settled a bit ... still insane

Silver is running in a $.80 channel

Here's a better look ... scary huh? ... $4/gal gasoline tends to shut down America ... now look at the 1 year forecast (bottom right) ... can you say GO RI/RV and do it in a hurry!!!!!!

A quick look at the news says one of two things:

1) the demonstration was small and semi-peaceful

2) the GOI/al-Maliki is really controlling what is coming out of Iraq to seem as though it was no big deal

Hundreds demonstrate in Tahrir Square

Most of protesters begin to leave after sending their demands

Anti-riot police dispersed the demonstrators in Basra with water hoses and sticks

We knew this was coming ... Demonstrators in Najaf accuse media of being partial to the government ... see #2 above

And ... Preparation of demonstrators will increase after the Friday prayer and curfews, and blocked the arrival of so many of

I had my doubts yesterday when we compared the news from last Friday's march where there were a reported 9 dead ... and the news from the demonstrators Wed/Thurs that they would be remembering the 29 martyred! I was asked several times which I thought it was ... I said I thought that the number was to be found somewhere between the two ... but who knows!

Here you go ... Anti-riot attack and beat journalists while covering a demonstration in Basra after you read it ... you'll not be sure who beat whom (bad translation but something to consider none-the-less).

Now this one subverts the "power sharing" agreement that was set up so that the winner wouldn't be PM and al-Maliki would ... Deputy in Iraq: We are looking for an alternative to Allawi for the presidency of the Council strategic

Keep an eye on this one ... CENTRAL BANKERS ~ FRIDAY, MARCH 4th MEETING

This looks promising ... Iraqi Parliament calls for representatives of the demonstrators to attend a meeting of the council tomorrow

If you read what I wrote yesterday you know that I lamented sharing info that I had received. While I had been receiving tons of info per day from a few key folks in my group ... starting yesterday ... there was/is NOTHING. Now when you try to keep your fingers on the pulse of Iraq ... the news has a feel ... when there's too much that tells you one thing ... when there's too little that tells you another ... it's kind of a Goldilocks situation ... and right now ... if I were to guess ... I'd bet on a gag order! JMO (see #2 above ... again ... lol)

I want to welcome K98nights back and thank all of the other news hounds that picked up the slack in his absence ... thank you ALL for your efforts.

Folks if you've never posted an article ... I believe that you should. First find something that HASN'T been posted and then see what it takes to get the headlines, the pics, the body, and the link onto the page ... then getting it into the right forum and setting the headline/topic and description. Then just about the time that you hit the post button with a smile of satisfaction on your face, you realize that either something isn't right with your article and you have to go edit it OR someone else posted it 11 seconds before you did. Now check the time and see how long that it took you. I promise that if you do this once or twice you will be a huge fan of the news-hounds, give them "+"s, rate their articles with stars, thank them when you comment on an article and OCCASIONALLY leave them a thank you on their profile!

That's all the time that I have ... have a great and prosperous weekend.

Peace

Doc31

[lechesuerte]

Thanks Doc.

[ha ha]

Thanks Doc

[Darin]

If crude keeps climbing......... I think it's going to sting the U.S. economy BAD!!

Remember right around the election times, how we had all these crises?

Crude - Price at the pump crisis.

Housing market - the fall & demise with foreclosures

Which was followed by Banks on the verge of going bankrupt...

Auto Industry - needed bail outs!

When I think which of the above happened first??? The rise of crude..

I think in correlation of let's say the DOW Jones was pushing something like 13,000-14,000 points and crude oil was on the rise. To my inexperienced mind of understanding the economy, I would of thought things were going good..... Only annoying factor was what we paid at the pump. Well, crude pushed to I believe $148 / barrel & things went south from there... Was crude a heavy factor during that time? I am not sure, but I bet it was a factor....

Reasoning why? People live on a pretty strict budget.. Meaning, if you increase your expenses by a significant amount, you're likely to be living beyond your means.

Maxing out Credit Cards to keep up w/ rise in gas prices or the sub-prime loans and the increase of interest rates...

I think the previous recession was a wake-up call to an extent.. Look to cut your expenses when possible. (reduce entertainment expenses, such as things like cable, etc)

Anyways, just something to ponder & think about.

With Summer being the biggest demand for people to purchase gas at the pump... I wonder what the gas price will be at the pump...

Thanks for all you do Doc.. I was surprised to see you post today considering there is no Currency Auctions on Fri.s & Sat.'s

[puff26]

I need to buy stock in oil..do you have any in mind...?

[pintek]

Thanks for the hard work DOC31!

I believe that if the Whitehouse doesn't have a "master plan" as some have eluded, we (the US) are headed for a very rough stretch indeed. Many have mentioned US holdings of dinar, but I have been unable to find credible information supporting this, so I have to assume that it is merely conjecture at this point. Does anyone have real intel for this?

$4 gasoline at the pump will be a hard blow for the already weak US economy. More than likely devastating.

I got on this ride years ago and am in it for the long haul. It seems that some are losing hope of ever seeing the IDQ reach even a 1=1 with the dollar. I say fret not! If there is not a master plan and oil continues up, the once mighty dollar will be on a 1=1 with the dinar.... even without an RV.

Go RV before then.

[Darin]

I need to buy stock in oil..do you have any in mind...?

Crude is normally a pretty volatile market..

You can buy/sell it throughout the day and make some good money.

If you watch the market enough..

My mom was telling me a co-worker of hers used to sell it during the day and made enough money to pay his heating bill for the entire year (Keep in mind, we're talking the upper-midwest).

[rsskelton]

Spot on as always Doc. Thanks!

[HYDRANT]

THANKS DOC AS ALWAYS

[mlay901]

Thanks Doc!

[Sweet Feed]

ewwwwwwwwwwwwww! 50th Post... almost a senior member... LOL

[the next contestant]

Thanks Doc. Good info! Thanks again for taking the time and effort. +1 from me.

[Slaydadea]

Thanks again Doc. I heard a report on CNN about ten minutes ago from Heraldo Rivera that he supports $5.00 a gallon gasoline. Claims it will fix all our problems. I think it was the chair thing a few years back, not sure. Certainly not worth broad casting. Hats off to the NewsHounds for getting the word out.

[onerighthand]

Hey doc, love your posts every day. Thanks

Aslo one thing, don't forget to tell new posters to not only look for previous posts, but also to look for a recent and not old date and give a link, Two biggies in the complaint department.

[Mack0121]

AAlways a good read. Thanks Doc!

[Doc31]

Wow ... Oil, gold, silver ... huge up and working toward the week's close

[aferriss]

Thanks, Doc

[pintek]

Thanks Again Doc! Hi Ho silver! I'm liking that.

[Pegleg]

Thank you for your daily posts Doc

[Darin]

The gradual rise continues.....

market value for crude should sure help the GOI & paying off their deficit.

[BW3]

Shoot, should we buy now.. and go along with the panic.. Or wait in hopes it all comes down after the RV..... I am ready to buy now, but what looks the best to buy at this time..??? But some of my oils stocks are ROCKING... I am just ready to play with metals now too.... Too many choices.... THANKS DOC... MUCH APPRECIATED!!!

[kingfish]

Thank you Doc!

Good Info

Kingfish

[sunshinelvr]

Thanks Doc your the best!