5-14-2012, IRAQI DINAR GURU GUESSES!!

5-14-2012 Mailman17 THEY WILL COME OUT AS SHABS HAS PLANNED IT FROM DAY ONE…ON PAR.  THEY MUST GET THE REAMINING DINAR OFF THE STREETS, AND MAKE THE US DOLLAR A THING OF THE PAST…HENCE ISSUANCE OF A CURRENCY EQUAL TO THE DOLLAR.  IRAQS MARKET IS BASED ON AND HAS BEEN FOR 10 YEARS ON THE US DOLLAR EQUAL TO THE US DOLLAR HAS TO BE THE WAY THEY GO.  NOW AS THINGS PROGRESS INFRASTRUCTURE, INVESTMENT JOBS WHICH ALL SHOULD TAKE OFF QUITE FAST THEN….LET THE MARKET CONTROL THE RATE.

5-14-2012  Doc  We really believe this is coming down to one simple issue which is the instability in the GOI.  We have multiple quotes from Parliament, IMF, the Inspector General to Iraq and Shibibi himself which all say “until the current political situation improves Iraq will be move forward in economic progress and deleting the zeros and elevating the value of the dinar”.  This pretty well sums up the situation.  We do believe Maliki understands this and is scrambling to save his neck. We think a vote of no confidence will be close enough that Maliki will be forced to compromise.  His big issue is a split within his own party which will make consensus more difficult.  We continue to maintain it is all coming to a head by mid June.  As this is resolved we should see Shabibi release the RV very quickly.  We report, you decide.

5-14-2012  ScottiG  I continue to anticipate that we will see an RV. Hopefully it is as soon as I am hearing. The information I have about IQD comes from real people with great perspective.  I have indeed been told it is extremely close.