Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Early Tuesday 1-02-18 Part 2 of 2
chattels: TMan - " ... In the past Iraq held markets closed up to the 6th after the new year...... I wait until tomorrow [Today]...not next week or next month........ NOW or NEVER....Tomorrow [Today] is opening day.........lets see how they lift the zeros..."
JoeSchmoe: @chattels and THAT makes it sound like he is calling it. But no one can accuse him of doing so
futuremoney: @JoeSchmoe that is only part of the conversation..
chattels: The 1st and the 6th are public holidays in Iraq, New Years and Armed Forces Day
JoeSchmoe: @futuremoney of course. But how many people's ears perk up when they hear the good stuff, then only remember that
Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Early Tuesday 1-02-18 Part 1 of 2
chattels: Oil prices open strongest year since 2014 amid unrest in Iran, supply cuts By Rudaw http://www.rudaw.net/english/business/02012018
BREW: @chattels GM.
chattels: Brent Crude increased to $67.18 per barrel with US West Texas Intermediate (WTI) crude increasing to $60.63 per barrel. For the first time since January 2014, the two benchmark oil companies opened the year above $60 per barrel.
chattels: @BREW gm
chattels: The only concern for traders that might hamper the outlook for oil prices in 2018 is the rise of US oil production, which is reaching a production rate of nearly 10 million bpd. “We think US tight oil production growth warrants close monitoring as it could spoil OPEC’s market-balancing efforts, pushing the market into surplus in 2018,” Barclays bank said.
Hammy14: REMEMBER ALSO FRANK TOLD US THAT THE IMF INSISTED ON A 1:1 RATE. NOW, MAYBE THE 2ND SET OF BOOKS SATISFIES THAT REQUIREMENT, WHO KNOWS, BUT WE'VE BEEN TAUGHT IT WILL BE 1:1 TO START.
PERSONALLY, I HAVE ALWAYS FELT LIKE THE MOST LOGICAL THING TO DO IS TO ENTER THE INTERNATIONAL MARKETPLACE AT YOUR TRUE VALUE...WHATEVER THAT IS...AND THEN MANAGE IT FROM THERE.
DON'T ALLOW FOR BIG SWINGS, EITHER UP OR DOWN. KEEP IT ON A MANAGED FLOAT AND CONTROL IT. BUT THAT'S JUST ME. LET'S SEE WAHT THEY DO.
ChrisC: Remember, if I have it right, 1:1 is the RI (in country), 3:1 or perhaps 3.33, is what they are interested in RVing at.
Hammy14: WELL, I CERTAINLY HOPE YOU ARE RIGHT!!!! AT ANY RATE, NO PUN INTENDED, WE ARE ALL JUST WAITING ON THEM TO BECOME TRADABLE. JUST GET IT STARTED, AND WE WILL ACT ACCORDINGLY.
Zim’s gold plan slated
Plans by the Harare administration to use gold reserves to anchor the reintroduction of the much-derided Zim dollar have caused concern.
The move comes as the country battles severe, and worsening, shortages of both the surrogate currency - the bond notes - and US dollars, amid fears the dying economy is hurtling towards the lows of 2008 when Zimbabweans became “multi-billionaires” but pitifully poor overnight.
Zimbabwe ditched its worthless currency and switched to the multiple currency system in 2009.
MountainMole: Tony said Sunday that according to him the best time for this to go would be after Friday 4PM EST when the Forex shuts down and reopens on Sunday 5PM EST
Carlosisan: what friday was tony referencing, 12/29 or 1/6
Alb: This Friday coming up…. Tony said that that would make more sense to him than bringing it out in the middle of the week but again we do not know the exact date
Bama57: keep in mind it's already here we are just waiting for the banks to flip the public switch
Leader4God: Does anyone know what time Forex opens
Nanniemom: According to GMT, for instance, forex trading hours move around the world like this: available in New York between 01:00 pm – 10:00 pm GMT; at 10:00 pm GMT Sydney comes online; Tokyo opens at 00:00 am and closes at 9:00 am GMT; and to complete the loop, London opens at 8:00 am and closes at 05:00 pm GMT.
WMK: Ok, IMO this is talking about not doing a free float but a managed float instead or also known as dirty float. (see article below)
It's based on supply and demand in the markets but is kept in check by the CBI. I think it's supposed to deter the 'hold it til it goes higher' (aka us) crowd and encourage quick exchanges so as not to run up the value too high.
Fenway: I agree WMK, though I believe what we've been told about the managed float vs. a free float is to prevent Kuwait's experience of a runaway rate after their revaluation.
Frank26: DANG !!! ............ YOU GUYS ARE GOOD ................