[campdav] Thursday at roughly 5:00 PM Eastern, the IQD showed up on FOREX at the Frankfurt Exchange, and shortly thereafter on the Paris Exchange. For reasons explained otherwise, it did not appear on Citibank’s FOREX site in the U.S., and that may be because the USD was not referenced in this announcement.
The actual exchange looked like this: EUR/IQD (EUR-IQD.F)-Frankfurt 0.16 1,555.5270 (99.9900%) Jul 12 Add to Portfolio. Prev Close: 1,474.7684 Open: N/A Bid: N/A Ask: N/A Day's Range: N/A - N/A 52wk Range: 1,436.6387 - 1,678.8651 ..Compare Brokers EUR-IQD.F EUR/IQD 0.16 Currencies FRA EURIQD=X EUR/IQD 1,418.05 Currencies CCY
[campdav] As you can see, the IQD was referenced to the Euro. The Euro was equal (in this posting) to .16 IQD. That would make the IQD worth Eu6.25. Take the current value of the Euro against the US Dollar and we have a valuation of the IQD against the USD equal to $7.62. Possible?????????????
[BondLady] lord i have no idea about any of that stuff campy
...
Read More Link On Right
The actual exchange looked like this: EUR/IQD (EUR-IQD.F)-Frankfurt 0.16 1,555.5270 (99.9900%) Jul 12 Add to Portfolio. Prev Close: 1,474.7684 Open: N/A Bid: N/A Ask: N/A Day's Range: N/A - N/A 52wk Range: 1,436.6387 - 1,678.8651 ..Compare Brokers EUR-IQD.F EUR/IQD 0.16 Currencies FRA EURIQD=X EUR/IQD 1,418.05 Currencies CCY
[campdav] As you can see, the IQD was referenced to the Euro. The Euro was equal (in this posting) to .16 IQD. That would make the IQD worth Eu6.25. Take the current value of the Euro against the US Dollar and we have a valuation of the IQD against the USD equal to $7.62. Possible?????????????
[BondLady] lord i have no idea about any of that stuff campy
...
Read More Link On Right
[therealbubbie] campdav is that for real !!!
[campdav] therealbubbie Just got it off a skype chat
[BondLady] but thats a bit high on what id think a iqd rate would be in usd
[campdav] Agree
[therealbubbie] campdav ty !!
[campdav] Thursday night’s appearance on both the Frankfurt and Paris exchanges did more than raise some eyebrows. Delta’s first reaction was that this was a glitch in the FOREX computers, but the rate continued to display for some seven hours.
(Update: The rate was still there, by the way, as of noon Friday.) We’ve seen glitches before, but they generally last for a few minutes, and maybe an hour at the absolute outside.
There was, however, a fascinating coincidence to the appearance of this item on FOREX (and if you believe that it was a coincidence, I've got a bridge for sale! GRIN!).
On the day following the appearance of this rate with both Frankfurt and Paris FOREX exchanges, we learn that the Iraqi Minister of Finance as well as other representatives from the GOI were in Frankfurt and Paris to open up embassies. Makes you go, HMMMMMMMM....
[BondLady] pesos maybe
[campdav] therealbubbie A lil possible hope??????????
[hokieproud] Just a bit high
[BondLady] although the euro has lost a lot of power don't know how that plays into it
[campdav] In a previous post, I’ve noted that there has been some ongoing discussion regarding an effort by the U.S. Fed to push the USD to some specific target value against the so-called “basket of currencies” (by which the USD is measured).
There’s been a fair amount of speculation among our analysts as to just what that target might be. Because the IQD (at the program rate of 1166/Dollar) has generally been valued at $.000855 (or thereabouts), the speculation has been that the target value of the USD against the basket of currencies was likely about $.86. The Dollar has for many months ranged between $.79 and $.82, hitting a high roughly a year ago of $.8250.
[therealbubbie] campdav [campdav] therealbubbie Brother I sure hope so and btw remember BL sayin in April by the 15th of July for a poss window?????????????????????????????
[BondLady] moved now to the 20th
[hokieproud] campdav BL has been amazingly accurate
[BondLady] the beginnin of ramadan
[campdav] BondLady Say it aint so
[BondLady] after that i don't know although i have seen some things for the end of august this is the 15th an there was a huge auction
[campdav] ino
[dinardoe] 231.
[grashopa] on 7/13 ..............the dollar was at 83.28
[BondLady] will they mess with every 1s head an do something THRU ramadan
[campdav] Always
[BondLady] or do what they have always done during ramadna which is nothing
[BondLady] o wait they gave them a 1 lb bag of chic peas as a ramadan gift
[campdav] At the close of the exchanges Thursday night, the USD was at $.8378 against the basket of currencies – the highest we’ve seen in years.
Friday morning, the following headline appeared on Citibank’s New York FOREX exchange under a byline by Michael Boutros: US Dollar Index Reaches 10,070 Objective- Consolidation Ahead.
Because we’ve been using the traditional basket of currencies against which the USD’s value is established worldwide, it never occurred to us that the Fed’s objective (along with all of the other central banks) was predicated on a measurement of a much larger (worldwide?) basket.
What this headline (and the attendant article) is telling us is that the target valuation for the USD has been reached – a rate which currencies worldwide can use as a baseline, and a rate which makes the upcoming IQD RV (as well as a group of other currency revaluations) desirable.
[BondLady] campy there is something i thought was heavy in 1 of the cbi articles i posted today hold on
[campdav] Now, let me go back to the posting which appeared Thursday night on Frankfurt’s FOREX exchange. You will see the following notation: EUR-IQD.F EUR/IQD 0.16 Currencies FRA.
Here’s where things get interesting. The FRA notation has a double meaning. The first is “Fixed Rate Adjustment.” The second is “Forward Rate Agreement.” In short, a forward rate agreement (FRA) is an over-the-counter financial futures contract on short-term deposits.
Both of these uses of the FRA notation indicate an increase in value and advise currency traders and businesses/nations engaged in contract negotiations with Iraq that the IQD is about to revalue and that future contracts will need to incorporate the new rate.
[BondLady] read this last paragraph
[BondLady] And diversification of sovereign wealth fund various financial instruments stems from the facts that the first oil resources that are difficult to be absorbed through real diversification should diversify financially.
And the other returns the sovereign wealth fund that has to be in the interest of development and capacity building material and human resources of the country in a line parallel with the ability to diversify the real sectors of the national economy all.
Which represents one of the strategies the central bank. either strategy the other, generally blog in the reform of management system of the national currency through raising project three zeros added by the inflation and the deterioration of the former reduced the efficiency of the system of cash payments current and increased the difficulties of cash transactions, and ease of Altobeiran numeric value for different transactions, making it more difficult and Aktherabia.
Therefore, the project re-structuring of currency comes to shorten the money supply of a large number of nearly 34 trillion dinars to about 30 billion dinars is about 4 trillion paper in circulation to 1.18 billion paper, which will facilitate the work of the system of cash payments and reduces the cost of payment transactions cash between citizens and the banking system and the banking system itself and reduces the problems of the multiplication of numbers, or deal with digital Bakiem very high ex
Therefore, the project re-structuring of currency comes to shorten the money supply of a large number of nearly 34 trillion dinars to about 30 billion dinars is about 4 trillion paper in circulation to 1.18 billion paper, which will facilitate the work of the system of cash payments and reduces the cost of payment transactions cash between citizens and the banking system and the banking system itself and reduces the problems of the multiplication of numbers, or deal with digital Bakiem very high expression of transactions. http://www.alsabaah.com/ArticleShow.aspx?ID=31223
[BondLady] rem what shabs said
[grashopa] http://www.fxstreet.com/
[BondLady] when the circulation got down low enough from drawing in all the 000 he would rv the currency said in billons is about 4 trillion paper in circulation to 1.18 billion paper,
[campdav] BondLady Possible they are real close or there, 25,000 notes and I think 10,000 notes almost off the streets
[BondLady] not the big time amounts it was before could be
[campdav] Told by some they are now gone in the north
[campdav] This would seem to indicate that the target rate for the IQD is $7.62. (I would highly caution all of you to consider this figure with a lot of question marks.
For all practical purposes it doubles Frank's $3.86 projection.) Does that mean that Dr. Shabibi will make his announcement with the IQD coming out all at once at this 7.62 rate? For those of us who have analyzed this piece of information, it would seem like that would cause a shock in many economies, and that a gradual increase over a six-to-twelve month (or even an 18-month) span in 90-day increments, the first being at Ernst & Young’s suggested $1.30 rate being the more logical and probable.
[BondLady] if i was going to project it i would say what i have an thats about .86 to 1.40
[campdav] I don’t have that answer – YET! What I do know is that the wheels are turning and Shabibi’s announcement is imminent. If we get anything like $7.62 at the outset, you’ll have to cover your ears to protect your hearing from the deafening roar of excitement!
Lastly, there’s been more than a little scuttle about both Shabibi and Maliki (the PM) awaiting the return of Talabani, Iraq’s President, and affording him the honor of making the announcement. Friday’s news indicates that Talabani will be back in one week, and that he has been recuperating from back surgery. Frank's mention of July 23rd as a highly possible date sits well with all of us.
[BondLady] and ill say another thing here some dont seem to understand this but the higher the rateyou can bet on a lop the lower the rate
[campdav] That is the concern yes
[BondLady] the rv chances get 85 % higher so im inclined to go the opposite way than the high rate but none of us will know till it happens
[campdav] A lower rate vs lop absolutely
[BondLady] you bet
[campdav] But like you say who really knows
[BondLady] yeppers
[campdav] nobody
[BondLady] none of us will till it happens
[campdav] Yepperwss
[BondLady] then we will go from there
[grashopa] just gotta get to "there" 1st.............then we'll see
[BondLady] yes with that piece i showed you out of the cbi article it may seem shabs has enough now to go 1000 to 1 if indeed that is saying theres only a few trillion left out in circulation thats where imo shabs will change the whole thing
[Mikey] BondLady You mean like all the articles have said for a couple years now?
[campdav] (*)THIS MEANS ALL IRAQ CONTRACTS ARE NOW DONE WITH THE NEW RATE WITH COMPANIES AS OF RIGHT NOW RIGHT THIS SECOND
[campdav] And that finally
[campdav] Possible??????????/ who knows
[BondLady] never saw it say what it did today before mikey
[campdav] sisterbreen We have been here
[BondLady] its said in many once it hit that
[grashopa] Since late January,CBI has been removing (raising the zeros) of approximately one trillion IQD weekly. Based upon my own estimate of the amount of in-country IQD, I believed that the sterilization would be complete as early as mid August, slightly behind the stated six month schedule.
Last week Dr. Shabibi mentioned that the local currency was three trillion IQD. Taking his comment at face value (and he has never lied to us)and considering the current push to raise the zeros, CBI should reach the point of diminishing returns on the sterilization phase within TWO WEEKS.
At which time they will be free to initiate Phase three that will end with the introduction of the newest low denominations in six months. What does Phase three begin with? RV!! Baring major political problems we should see it within three weeks.
BE HAPPY AND HANG TIGHT! http://www.bondladyscorner.com/t48134-currency-sterilization-in-country?highlight=sterilization+phase#75549 AN OPINION PIECE
[BondLady] but never said it had
[BondLady] is about 4 trillion paper in circulation to 1.18 billion paper,
[BondLady] Therefore, the project re-structuring of currency comes to shorten the money supply of a large number of nearly 34 trillion dinars to about 30 billion dinars is about 4 trillion paper in circulation to 1.18 billion paper, which will facilitate the work of the system of cash payments and reduces the cost of payment transactions cash between citizens and the banking system and the banking system itself and reduces the problems of the multiplication of numbers, or deal with digital Bakiem very high expression of transactions.
[player46] BondLady .. that's huge..
[.PastorBernard] can anyone verify if this is actually true?
[.PastorBernard] EUR/IQD (EUR-IQD.F)-Frankfurt 0.16 1,555.5270 (99.9900%) Jul 12 Add to Portfolio. Prev Close: 1,474.7684 Open: N/A Bid: N/A Ask: N/A Day's Range: N/A - N/A 52wk Range: 1,436.6387 - 1,678.8651 ..Compare Brokers EUR-IQD.F EUR/IQD 0.16 Currencies FRA EURIQD=X EUR/IQD 1,418.05 Currencies CCY ....
[player46] grashopa .. I like his opinion..
[grashopa] his opinion............goes along with alot that I have studied.............
[BondLady] he in same room as u campy?
[campdav] BondLady Which guy , oh Gras
[BondLady] no
[campdav] Oh well he is not in this room
[BondLady] [.PastorBernard] EUR/IQD (EUR-IQD.F)-Frankfurt 0.16 1,555.5270 (99.9900%) Jul 12 Add to Portfolio. Prev Close: 1,474.7684 Open: N/A Bid: N/A Ask: N/A Day's Range: N/A - N/A 52wk Range: 1,436.6387 - 1,678.8651 ..Compare Brokers EUR-IQD.F EUR/IQD 0.16 Currencies FRA EURIQD=X EUR/IQD 1,418.05 Currencies CCY ....
[.PastorBernard] that would be over $7.00 US to 1 IQD
[BondLady] like i said you better hope its not true
[.PastorBernard] oh I missed that part
[campdav] .PastorBernard The high rates indicate a lop[ low rates RV?
[BondLady] [BondLady] and ill say another thing here some dont seem to understand this but the higher the rate u can bet on a lop the lower the rate
[campdav] That is the concern yes
[BondLady] the rv chances get 85 % higher so im inclined to go the opisite way than the high rate but none of us will know till it happens
[grashopa] exactly
[DogzNova] yes 7$ rate would deff be a lop
PastorBernard] i see
[campdav] grashopa DogzNova I always thought the double digit silly stuff would indicate a lop
[campdav] Below double digits????????????????????????
[BondLady] keep it low like .86 to 1.40
[therealbubbie] yes 7$ rate would deff be a lop
[BondLady] that would be a rv and i'd be so dang happy i'd skip all the way to the bank
[grashopa] anything close to or over 3.86 ...........imo........dictates a lop
[BondLady] the only way i could see it come in the 3.00 range is if it was reinstated
[campdav] Don't know for sure this is my Maiden Voyage
[BondLady] thats the only other way imo outside of that ugg
[therealbubbie] at 5est we may find out more .. thats when the FX opens!!!!!!!!!
[BondLady] i dont really wanna discuss a lop in here but the higher the rate means removing the 000 as a lop
[grashopa] that's why I said 3.86............... 3.22 + 20%
[BondLady] an adding a high rate
[campdav] grashopa That to me is more real
[BondLady] which means you get 5 or 6 times what you paid for
[player46] BondLady .. gotcha..ty..
[BondLady] so if its like 1,000 you make maybe 5,000
[DogzNova] BondLady i'll take all day long
[BondLady] a rv is that times what you got imo and ty
tyvm bondlady, campdav...pray for the lower rate so we get our rv, no lops needed here !
[campdav] therealbubbie Just got it off a skype chat
[BondLady] but thats a bit high on what id think a iqd rate would be in usd
[campdav] Agree
[therealbubbie] campdav ty !!
[campdav] Thursday night’s appearance on both the Frankfurt and Paris exchanges did more than raise some eyebrows. Delta’s first reaction was that this was a glitch in the FOREX computers, but the rate continued to display for some seven hours.
(Update: The rate was still there, by the way, as of noon Friday.) We’ve seen glitches before, but they generally last for a few minutes, and maybe an hour at the absolute outside.
There was, however, a fascinating coincidence to the appearance of this item on FOREX (and if you believe that it was a coincidence, I've got a bridge for sale! GRIN!).
On the day following the appearance of this rate with both Frankfurt and Paris FOREX exchanges, we learn that the Iraqi Minister of Finance as well as other representatives from the GOI were in Frankfurt and Paris to open up embassies. Makes you go, HMMMMMMMM....
[BondLady] pesos maybe
[campdav] therealbubbie A lil possible hope??????????
[hokieproud] Just a bit high
[BondLady] although the euro has lost a lot of power don't know how that plays into it
[campdav] In a previous post, I’ve noted that there has been some ongoing discussion regarding an effort by the U.S. Fed to push the USD to some specific target value against the so-called “basket of currencies” (by which the USD is measured).
There’s been a fair amount of speculation among our analysts as to just what that target might be. Because the IQD (at the program rate of 1166/Dollar) has generally been valued at $.000855 (or thereabouts), the speculation has been that the target value of the USD against the basket of currencies was likely about $.86. The Dollar has for many months ranged between $.79 and $.82, hitting a high roughly a year ago of $.8250.
[therealbubbie] campdav [campdav] therealbubbie Brother I sure hope so and btw remember BL sayin in April by the 15th of July for a poss window?????????????????????????????
[BondLady] moved now to the 20th
[hokieproud] campdav BL has been amazingly accurate
[BondLady] the beginnin of ramadan
[campdav] BondLady Say it aint so
[BondLady] after that i don't know although i have seen some things for the end of august this is the 15th an there was a huge auction
[campdav] ino
[dinardoe] 231.
[grashopa] on 7/13 ..............the dollar was at 83.28
[BondLady] will they mess with every 1s head an do something THRU ramadan
[campdav] Always
[BondLady] or do what they have always done during ramadna which is nothing
[BondLady] o wait they gave them a 1 lb bag of chic peas as a ramadan gift
[campdav] At the close of the exchanges Thursday night, the USD was at $.8378 against the basket of currencies – the highest we’ve seen in years.
Friday morning, the following headline appeared on Citibank’s New York FOREX exchange under a byline by Michael Boutros: US Dollar Index Reaches 10,070 Objective- Consolidation Ahead.
Because we’ve been using the traditional basket of currencies against which the USD’s value is established worldwide, it never occurred to us that the Fed’s objective (along with all of the other central banks) was predicated on a measurement of a much larger (worldwide?) basket.
What this headline (and the attendant article) is telling us is that the target valuation for the USD has been reached – a rate which currencies worldwide can use as a baseline, and a rate which makes the upcoming IQD RV (as well as a group of other currency revaluations) desirable.
[BondLady] campy there is something i thought was heavy in 1 of the cbi articles i posted today hold on
[campdav] Now, let me go back to the posting which appeared Thursday night on Frankfurt’s FOREX exchange. You will see the following notation: EUR-IQD.F EUR/IQD 0.16 Currencies FRA.
Here’s where things get interesting. The FRA notation has a double meaning. The first is “Fixed Rate Adjustment.” The second is “Forward Rate Agreement.” In short, a forward rate agreement (FRA) is an over-the-counter financial futures contract on short-term deposits.
Both of these uses of the FRA notation indicate an increase in value and advise currency traders and businesses/nations engaged in contract negotiations with Iraq that the IQD is about to revalue and that future contracts will need to incorporate the new rate.
[BondLady] read this last paragraph
[BondLady] And diversification of sovereign wealth fund various financial instruments stems from the facts that the first oil resources that are difficult to be absorbed through real diversification should diversify financially.
And the other returns the sovereign wealth fund that has to be in the interest of development and capacity building material and human resources of the country in a line parallel with the ability to diversify the real sectors of the national economy all.
Which represents one of the strategies the central bank. either strategy the other, generally blog in the reform of management system of the national currency through raising project three zeros added by the inflation and the deterioration of the former reduced the efficiency of the system of cash payments current and increased the difficulties of cash transactions, and ease of Altobeiran numeric value for different transactions, making it more difficult and Aktherabia.
Therefore, the project re-structuring of currency comes to shorten the money supply of a large number of nearly 34 trillion dinars to about 30 billion dinars is about 4 trillion paper in circulation to 1.18 billion paper, which will facilitate the work of the system of cash payments and reduces the cost of payment transactions cash between citizens and the banking system and the banking system itself and reduces the problems of the multiplication of numbers, or deal with digital Bakiem very high ex
Therefore, the project re-structuring of currency comes to shorten the money supply of a large number of nearly 34 trillion dinars to about 30 billion dinars is about 4 trillion paper in circulation to 1.18 billion paper, which will facilitate the work of the system of cash payments and reduces the cost of payment transactions cash between citizens and the banking system and the banking system itself and reduces the problems of the multiplication of numbers, or deal with digital Bakiem very high expression of transactions. http://www.alsabaah.com/ArticleShow.aspx?ID=31223
[BondLady] rem what shabs said
[grashopa] http://www.fxstreet.com/
[BondLady] when the circulation got down low enough from drawing in all the 000 he would rv the currency said in billons is about 4 trillion paper in circulation to 1.18 billion paper,
[campdav] BondLady Possible they are real close or there, 25,000 notes and I think 10,000 notes almost off the streets
[BondLady] not the big time amounts it was before could be
[campdav] Told by some they are now gone in the north
[campdav] This would seem to indicate that the target rate for the IQD is $7.62. (I would highly caution all of you to consider this figure with a lot of question marks.
For all practical purposes it doubles Frank's $3.86 projection.) Does that mean that Dr. Shabibi will make his announcement with the IQD coming out all at once at this 7.62 rate? For those of us who have analyzed this piece of information, it would seem like that would cause a shock in many economies, and that a gradual increase over a six-to-twelve month (or even an 18-month) span in 90-day increments, the first being at Ernst & Young’s suggested $1.30 rate being the more logical and probable.
[BondLady] if i was going to project it i would say what i have an thats about .86 to 1.40
[campdav] I don’t have that answer – YET! What I do know is that the wheels are turning and Shabibi’s announcement is imminent. If we get anything like $7.62 at the outset, you’ll have to cover your ears to protect your hearing from the deafening roar of excitement!
Lastly, there’s been more than a little scuttle about both Shabibi and Maliki (the PM) awaiting the return of Talabani, Iraq’s President, and affording him the honor of making the announcement. Friday’s news indicates that Talabani will be back in one week, and that he has been recuperating from back surgery. Frank's mention of July 23rd as a highly possible date sits well with all of us.
[BondLady] and ill say another thing here some dont seem to understand this but the higher the rateyou can bet on a lop the lower the rate
[campdav] That is the concern yes
[BondLady] the rv chances get 85 % higher so im inclined to go the opposite way than the high rate but none of us will know till it happens
[campdav] A lower rate vs lop absolutely
[BondLady] you bet
[campdav] But like you say who really knows
[BondLady] yeppers
[campdav] nobody
[BondLady] none of us will till it happens
[campdav] Yepperwss
[BondLady] then we will go from there
[grashopa] just gotta get to "there" 1st.............then we'll see
[BondLady] yes with that piece i showed you out of the cbi article it may seem shabs has enough now to go 1000 to 1 if indeed that is saying theres only a few trillion left out in circulation thats where imo shabs will change the whole thing
[Mikey] BondLady You mean like all the articles have said for a couple years now?
[campdav] (*)THIS MEANS ALL IRAQ CONTRACTS ARE NOW DONE WITH THE NEW RATE WITH COMPANIES AS OF RIGHT NOW RIGHT THIS SECOND
[campdav] And that finally
[campdav] Possible??????????/ who knows
[BondLady] never saw it say what it did today before mikey
[campdav] sisterbreen We have been here
[BondLady] its said in many once it hit that
[grashopa] Since late January,CBI has been removing (raising the zeros) of approximately one trillion IQD weekly. Based upon my own estimate of the amount of in-country IQD, I believed that the sterilization would be complete as early as mid August, slightly behind the stated six month schedule.
Last week Dr. Shabibi mentioned that the local currency was three trillion IQD. Taking his comment at face value (and he has never lied to us)and considering the current push to raise the zeros, CBI should reach the point of diminishing returns on the sterilization phase within TWO WEEKS.
At which time they will be free to initiate Phase three that will end with the introduction of the newest low denominations in six months. What does Phase three begin with? RV!! Baring major political problems we should see it within three weeks.
BE HAPPY AND HANG TIGHT! http://www.bondladyscorner.com/t48134-currency-sterilization-in-country?highlight=sterilization+phase#75549 AN OPINION PIECE
[BondLady] but never said it had
[BondLady] is about 4 trillion paper in circulation to 1.18 billion paper,
[BondLady] Therefore, the project re-structuring of currency comes to shorten the money supply of a large number of nearly 34 trillion dinars to about 30 billion dinars is about 4 trillion paper in circulation to 1.18 billion paper, which will facilitate the work of the system of cash payments and reduces the cost of payment transactions cash between citizens and the banking system and the banking system itself and reduces the problems of the multiplication of numbers, or deal with digital Bakiem very high expression of transactions.
[player46] BondLady .. that's huge..
[.PastorBernard] can anyone verify if this is actually true?
[.PastorBernard] EUR/IQD (EUR-IQD.F)-Frankfurt 0.16 1,555.5270 (99.9900%) Jul 12 Add to Portfolio. Prev Close: 1,474.7684 Open: N/A Bid: N/A Ask: N/A Day's Range: N/A - N/A 52wk Range: 1,436.6387 - 1,678.8651 ..Compare Brokers EUR-IQD.F EUR/IQD 0.16 Currencies FRA EURIQD=X EUR/IQD 1,418.05 Currencies CCY ....
[player46] grashopa .. I like his opinion..
[grashopa] his opinion............goes along with alot that I have studied.............
[BondLady] he in same room as u campy?
[campdav] BondLady Which guy , oh Gras
[BondLady] no
[campdav] Oh well he is not in this room
[BondLady] [.PastorBernard] EUR/IQD (EUR-IQD.F)-Frankfurt 0.16 1,555.5270 (99.9900%) Jul 12 Add to Portfolio. Prev Close: 1,474.7684 Open: N/A Bid: N/A Ask: N/A Day's Range: N/A - N/A 52wk Range: 1,436.6387 - 1,678.8651 ..Compare Brokers EUR-IQD.F EUR/IQD 0.16 Currencies FRA EURIQD=X EUR/IQD 1,418.05 Currencies CCY ....
[.PastorBernard] that would be over $7.00 US to 1 IQD
[BondLady] like i said you better hope its not true
[.PastorBernard] oh I missed that part
[campdav] .PastorBernard The high rates indicate a lop[ low rates RV?
[BondLady] [BondLady] and ill say another thing here some dont seem to understand this but the higher the rate u can bet on a lop the lower the rate
[campdav] That is the concern yes
[BondLady] the rv chances get 85 % higher so im inclined to go the opisite way than the high rate but none of us will know till it happens
[grashopa] exactly
[DogzNova] yes 7$ rate would deff be a lop
PastorBernard] i see
[campdav] grashopa DogzNova I always thought the double digit silly stuff would indicate a lop
[campdav] Below double digits????????????????????????
[BondLady] keep it low like .86 to 1.40
[therealbubbie] yes 7$ rate would deff be a lop
[BondLady] that would be a rv and i'd be so dang happy i'd skip all the way to the bank
[grashopa] anything close to or over 3.86 ...........imo........dictates a lop
[BondLady] the only way i could see it come in the 3.00 range is if it was reinstated
[campdav] Don't know for sure this is my Maiden Voyage
[BondLady] thats the only other way imo outside of that ugg
[therealbubbie] at 5est we may find out more .. thats when the FX opens!!!!!!!!!
[BondLady] i dont really wanna discuss a lop in here but the higher the rate means removing the 000 as a lop
[grashopa] that's why I said 3.86............... 3.22 + 20%
[BondLady] an adding a high rate
[campdav] grashopa That to me is more real
[BondLady] which means you get 5 or 6 times what you paid for
[player46] BondLady .. gotcha..ty..
[BondLady] so if its like 1,000 you make maybe 5,000
[DogzNova] BondLady i'll take all day long
[BondLady] a rv is that times what you got imo and ty
tyvm bondlady, campdav...pray for the lower rate so we get our rv, no lops needed here !
