CBI Currency Auction 4/26/2011

[paj1985]

Dont get too excited,doc31 has followed the zero's trend for a while and athough it could be positive for us, theres been plenty of zero days in the past,doc's analysis is best. Hope he comes on to summarize today.

[Tropics]

How many of you did a mental cross your fingers before opening, hoping it was coming in low? My heart was racing and voila, we got what we wanted. Thursday thursday thursday.

[speculatorsRIDE]

Did anyone really think it would come out high today? Considering the news articles that have been coming out of Iraq that discuss the possibility of a lop action, why would banks want to purchase more IQD? Tomorrow will be low as well and the next day and the next until they RV. The plan is coming together and will come to fruition very soon. Remember that everything we see now is a smoke screen. The articles that come out are designed to create doubt and confusion about the IQD. Stay grounded and don't over analyze the information. We are coming to the end of our ride. Please remain seated with your hands and arms inside until the vehicle comes to a complete stop.

[zapped777]

WHOOOO, WHOOO! Tuesday morning is LOOKING GOOD!!! Yesterday I got a tinge of excitement and today that excitement is mounting!!! Come on baby let's have a RV!!!

[haymon]

I thought they had a holiday?

[sportfisher]

Can someone tell me what low sales means to me as an investor ? Lol I was thinkn end of april and this just kind of bolsters my confidence

that means there are less banks at auction offering to buy less USD (and possibly other foreign currencies) with IQD.

[pleasantvalleySunday]

Lots of dashes on currencies on cbi.iq too ????? Anyone?

I believe the difference between today and yesterday on the cbi site is that Canada is listed today where only usd and yen were there yesterday .. have no idea what it means, but that is the difference.

[sportfisher]

Lots of dashes on currencies on cbi.iq too ????? Anyone?

that happens periodically when they make exchange rate updates.

[slcjarhead]

fingers & toes are crossed

[Doc31]

this is the pattern that Doc31 and others here on DV have been waiting for!

this is BIG!

Dont get too excited,doc31 has followed the zero's trend for a while and athough it could be positive for us, theres been plenty of zero days in the past,doc's analysis is best. Hope he comes on to summarize today.

thats a very small amount

It is a very small amount but an even more significant number isn't shown ... that is the cash portion of the auction ... it was 1.538M.

Over a year (and a half?) ago Zantac's UAE contact told him that until you saw no sale for at least 48 hrs you wouldn't see an RI/RV. He later postulated that since al-Maliki had been a fly in the ointment that "zero cash days" (or near zeroes as we have today) were possibly the new form that we might see it in.

Think about it ... Auction totals haven't been this low since Dec 2007 ... in fact todays auction totals are the low end (18M-26M) of the CASH portion average prior to Oct 7th! Making 0 yesterday and 1.538M today less than minuscule to maintain liquidity and only 6 banks participated today (read that as had a need)... 7 yesterday.

Oil and gold are perched perfectly according to Frank26's predictions for the past 2 years ... "Perfect Storm Brewing"? ... stay tuned and we'll see!

I love this:

Please remain seated with your hands and arms inside until the vehicle comes to a complete stop.

Peace

Doc31

[ckh]

DOC31 ~ MOST EXCELLENT EXPLANATION -

[Slimdiggity]

Thanks Doc!!

[RAGARCIA62]

im likin' all the positive emotions. yeah.

[Danielsan]

Did anyone really think it would come out high today? Considering the news articles that have been coming out of Iraq that discuss the possibility of a lop action, why would banks want to purchase more IQD? Tomorrow will be low as well and the next day and the next until they RV. The plan is coming together and will come to fruition very soon. Remember that everything we see now is a smoke screen. The articles that come out are designed to create doubt and confusion about the IQD. Stay grounded and don't over analyze the information. We are coming to the end of our ride. Please remain seated with your hands and arms inside until the vehicle comes to a complete stop.

I love the way(level headed) Speculators Ride and Doc think. Thanks to all for the jump start I needed this morning. Come on RV!!!!!!!!!!!

[Rome M]

Thanks DOC!

As with any other good news, I am going to TRY and keep a poker face and my emotions grounded.....

Until the money hits the bank I will sit in patience and if the Lord says the same, soon I will be able to take care of the many important things I have dreamed of.

GO RV !!!!

[mkelly]

Thanks Doc. I needed to hear your thoughts. I totally agree. This could be the end is approaching fast!! GO RV!!!

[Yabadabado]

Excellent, keep the auctions low, take us to the show and the IQD will revalue... Awesome, Go Rv!

[Carrello]

Did anyone really think it would come out high today? Considering the news articles that have been coming out of Iraq that discuss the possibility of a lop action, why would banks want to purchase more IQD? Tomorrow will be low as well and the next day and the next until they RV. The plan is coming together and will come to fruition very soon. Remember that everything we see now is a smoke screen. The articles that come out are designed to create doubt and confusion about the IQD. Stay grounded and don't over analyze the information. We are coming to the end of our ride. Please remain seated with your hands and arms inside until the vehicle comes to a complete stop.

Remain seated because you are on an "E Ticket" ride!

[Moejoe]

Thanks Doc for the very incouraging words. I'll be off tomorrow for my birthday, (29 again) but I wouldn't too much having my birthday present one day late. COME ON RV!!!!!!!!!!!!

[rsskelton]

This is a great sign. If tomorrow looks similar then I think something just might be brewing. Everybody stay grounded. All we can do is wait it out. Does give you a warm fuzzy though huh?

[Darin]

Less banks participated

Less in value for auction results

Only miniscule however, but now the CAD is back on the predictive rates.

Lets try & look at the bigger picture of thing(s) that one can wonder about...

Last Friday, BofA went national on no longer offering IQD sales, whether it was to speculative investors or those traveling to the M.E.

About a month ago, DT removed the buy-on-reserve program

Last week, Shabbs made the comment "soon." - However, we can no determine his definition of "soon"

Adam had a contact that stated within a 7-day time-span or some, a deadline was to be met to some degree.

We were looking over this past weekend to hopefully hear an update in that regard.

All other guru's spew their intel/gossip/rumors as normal (Not much change there! LOL)

But, stepping back and plugging information that points to this time-frame.... One may become more optimistic.

Now, with the removal of 3 zeros articles all over -- We can only really look at this and think, I think the ride is coming to an end. (Lets just hope it is what we wish it to be at the end)

[4Horsn2]

Thanks for the reflection on things, Doc...cant wait to see this as a common downward trend!!

[Darin]

Well, it is nice to see that yesterday was no fluke and not related to the recent holiday. I recall some yesterday quickly jumping to that conclusion w/o speculating that why were the auctions so high the day prior with that being the case? -- We have seen a sudden drop and it has held a 2-day straight low-value. 2 days in a row without showing the speculative rates, would make one wonder...

Think we can hold it to 3 days in a row?

[mordiaky]

All them folks yesterday on the first auction that showed a low rate who called us Pumpers and said "Its because of the holidays you PUMPERS!" were you at?

Something is going on, No one can really tell. I wish I could see into the future or I personally new Shabibi. all we can do is wait it out, maybe not that much longer. All you long term investors (the ones who are in it for more then 4 plus years) I have total respect for you, how y ou all managed to stay sane after all these years of loaded rumors, pumpers, naysayers, false news, man what a ride, I could only imagine how that would tear a family apart, friends and your personal life. and for all them folks who just got into this, this year like I did. count your self the lucky ones. its about to end, you paid for your lotto ticket and you are holding the winning numbers, the jackpot (TO BE ANNOUNCED)!!!!!!!

[onerighthand]

YA HOOOO! Goooooooo RV

The optimist is always disappointed, and the pessimist is pleasantly surprised once in a while.