Popular Post Doc31 Posted April 25, 2011 Popular Post Report Share Posted April 25, 2011 Currency Auctions Announcement No. (1883) The latest daily currency auction was held in the Central Bank of Iraq on the 25-APR-2011. The results were as follows: DetailsNotesNumber of banks7 Auction price selling dinar / US$1170 Auction price buying dinar / US$----- Amount sold at auction price (US$)18,550,000 Amount purchased at Auction price (US$)----- Total offers for buying (US$)18,550,000 Total offers for selling (US$)----- Exchange rates Dollar's exchange rates / in Baghdad markets This is the lowest auction since December of 2007 ... the first $0 in the cash portion since Dec 2, 2010 ... I know we've had tons of near zeroes but as of late their normal cycle includes low first day of the week (Sunday) and sometimes low Monday. Sunday was average ... today ... minuscule. What do we make of it? Have we seen it before ... yep (Oct 7th 2010 until Dec 2nd 2010 was zero) ... but the auction total was NEVER this small during that time frame ... as I said you have to go back to December of 2007 to find one this small ... was it the perfect setup for the clowns to RI/RV ... yep ... did it signal Shabbibi's intent ... I believe so ... what does it mean now? ... I'm like you ... it HAS to have some meaning/explanation but without a bigger picture it is difficult to put your finger on. We know that inflation is on the rise because Shabbibi has tried to corner al-Maliki by tightening up the money supply ... has he (and the powers that be) finally got him cornered? ... stay tuned ... the next few days might tell us what we need to know. Okay boys and girls ... Oil is obscene and IMO not because of unrest in the ME Silver obscene as well Gold more obscene than silver or oil ... indeed using silvers relationship to gold for the past 100+ years we see that in a worse case scenario gold should be hovering at about $1000 compared to silver ... OR ... silver is so greatly undervalued that it should be between $75 and $101 ... I think even the biggest silver enthusiast would agree that this is beyond reason. We can argue all day about the strength of the dollar ... sending $700B out of the country for close to $30 years to people who hate us ... fear/metals ... etc. ... let's take a peek at how the MAJORS are doing against metals. Yes ... I realize that it is only reflective through Dec 31, 2010 ... here's the relationship the other way And while you can see separation between the currencies the theme is identical ... gold is disproportionately high against ALL currencies. That means either that ALL the majors are in trouble OR ... simply put ... gold is whack! I can't find a silver chart done this way but our math above tells the story For you conspiracy theorists ... I recognize that this next chart is often blank in spots ... well ... today either someone took the day off or ... well, you be the judge ... A quick look at the news tells us that if this was a soap opera and we hadn't read anything on DV for months ... in a minute or two you could pick right back up on the story ... translation ... same crap (being offered up) ... different day. Topics of interest Paris Club Debt ... apparently triggered Jan 1st, 2011 ... due ... what June 30/July 1st or was it June 1st ... was it payable in oil or cash? ... IMO heck of a way to shock your economy ... RI/RV at or near the same time you have to begin paying off this massive debt. On my re-read I seem to have opened up more things for question rather than answering them ... I guess it's just one of those days ... I haven't even gotten to what I wanted to talk about but I'm out of time. To summarize ... lots of stuff that makes you want to go hmmmmmmmmmmmmm! To the clowns ... tic ... toc As always ... Peace Doc31 63 Link to comment Share on other sites More sharing options...
pleasantvalleySunday Posted April 25, 2011 Report Share Posted April 25, 2011 YEAH Doc31 is BACK!! Thank you!!!! 1 Link to comment Share on other sites More sharing options...
graml Posted April 25, 2011 Report Share Posted April 25, 2011 Doc31, thanks for the post, I enjoy it when you weigh in on these issues. Link to comment Share on other sites More sharing options...
Papster Posted April 25, 2011 Report Share Posted April 25, 2011 Thanks Doc31 appreciate it....thanks Link to comment Share on other sites More sharing options...
getherdone Posted April 25, 2011 Report Share Posted April 25, 2011 Glad to see you back DOC!! 1 Link to comment Share on other sites More sharing options...
cw2 Posted April 25, 2011 Report Share Posted April 25, 2011 (edited) Thank you Doc31, u always make the auctions where I can understand them. But could u help me understand what the zero auction means???? I have missed u so much welcome back!!!!!!!!!!! Edited April 25, 2011 by cw2 Link to comment Share on other sites More sharing options...
wildinar Posted April 25, 2011 Report Share Posted April 25, 2011 Thanks Doc, nice to see your back Link to comment Share on other sites More sharing options...
sblevine Posted April 25, 2011 Report Share Posted April 25, 2011 Thanks Doc31! Glad you're back, hopefully for the grand finale! Link to comment Share on other sites More sharing options...
jamaba Posted April 25, 2011 Report Share Posted April 25, 2011 Doc is in the house! Great info! Definitely alot to think about. GoRV! Link to comment Share on other sites More sharing options...
Butifldrm Posted April 25, 2011 Report Share Posted April 25, 2011 Great to see you post! As always Doc31, thanks. Link to comment Share on other sites More sharing options...
susanc1058 Posted April 25, 2011 Report Share Posted April 25, 2011 Thanks Doc I really enjoy your post. Though I have to admit I don't always understand them but I don't understand much about this investment other than I have paper I have been holding for 7 years now and I am hoping it will be worth something one day. Thanks again for your post. 1 Link to comment Share on other sites More sharing options...
whatsfordinar? Posted April 25, 2011 Report Share Posted April 25, 2011 you were right, doc------hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm....... 1 Link to comment Share on other sites More sharing options...
linny0830 Posted April 25, 2011 Report Share Posted April 25, 2011 Thank you Doc for the time and interesting reading. 1 Link to comment Share on other sites More sharing options...
HYDRANT Posted April 25, 2011 Report Share Posted April 25, 2011 GLAD TO SEE YOU BACK DOC ,I HAVE MISSED YOUR POST AND I HOPE I SPEEK FOR EVERYBODY---NICE OPENING BACK--REALLY I FOR ONE MIISED YOU AND YOUR TAKES ON EVERY THING---THANKS AGAIN 1 Link to comment Share on other sites More sharing options...
RVDinar4MyFamily Posted April 25, 2011 Report Share Posted April 25, 2011 Missed ya Doc, good to see you back, Thanks for the info 4 Link to comment Share on other sites More sharing options...
HYDRANT Posted April 25, 2011 Report Share Posted April 25, 2011 GLAD TO SEE YOU BACK DOC ,I HAVE MISSED YOUR POST AND I HOPE I SPEEK FOR EVERYBODY---NICE OPENING BACK--REALLY I FOR ONE MIISED YOU AND YOUR TAKES ON EVERY THING---THANKS AGAIN 1 Link to comment Share on other sites More sharing options...
Yabadabado Posted April 25, 2011 Report Share Posted April 25, 2011 Thanks DOC, Glad to see you are back in the saddle again... You are on to something here and as you noted the trend from 2010 certainly is an indication that there just might be something a bit different... GO RV.... Thanks again for your return and for your information... 1 Link to comment Share on other sites More sharing options...
mr john Posted April 25, 2011 Report Share Posted April 25, 2011 A pleasure to have you back DOC. Already knew gold, silver, oil ect. was gonna do what it is doing and invested in all - but I never saw todays auction numbers coming. My guess is its coming soon. RRRRRRRRRRRRVVVVVVVVVVV !!!!!!!!!!!!!! 1 Link to comment Share on other sites More sharing options...
Willy in Iraq Posted April 25, 2011 Report Share Posted April 25, 2011 My favorite poster has posted again! thanks Doc! 1 Link to comment Share on other sites More sharing options...
pops Posted April 25, 2011 Report Share Posted April 25, 2011 As always I am glad to see your post. Rumor had it you were in Switzerland with M and S making final preparations. See you at the bank my friend. Link to comment Share on other sites More sharing options...
Doc31 Posted April 25, 2011 Author Report Share Posted April 25, 2011 ... could u help me understand what the zero auction means???? Go to this link http://cbi.iq/docume...GE_AUCTIONS.pdf then enter 52 in the page box, scroll to the bottom. That zero is huge. Go back to page 51 to see the column headers. Remember that these auctions are the mechanism of liquidity for the banks ... only 7 participated ... all via wire. As always I am glad to see your post. Rumor had it you were in Switzerland with M and S making final preparations. See you at the bank my friend. Too funny ... gotta watch those rumors! Peace Doc31 5 Link to comment Share on other sites More sharing options...
Sucks2beyou Posted April 25, 2011 Report Share Posted April 25, 2011 (edited) For you conspiracy theorists ... I recognize that this next chart is often blank in spots ... well ... today either someone took the day off or ... well, you be the judge ... Read more: Doc Why would you leave that open ended they will run with it. Sucks2beyou "Lookin for a way out" Edited April 25, 2011 by Sucks2beyou Link to comment Share on other sites More sharing options...
crazy joe Posted April 25, 2011 Report Share Posted April 25, 2011 Glad to see you back Doc. Link to comment Share on other sites More sharing options...
TPSprayduster Posted April 25, 2011 Report Share Posted April 25, 2011 Thanks Link to comment Share on other sites More sharing options...
360 Posted April 25, 2011 Report Share Posted April 25, 2011 You add such clarity and reason along with knowledge. Thank you!!! We are so grateful for you. Link to comment Share on other sites More sharing options...
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