Wednesday, March 20, 2013

DINAR GURUS UPDATE, 20 MARCH

3-20-2013  Newshound Guru Mountainman   2 days in a row, 2 separate articles saying next month Iraq may be out of Chapter VII. Now if that isn't progress, I don't know what is. If we believe that the United Nations doesn't want to lose this bargaining chip without first guaranteeing that Iraq moves forward with going international then I'd say even the most skeptical people would agree this is looking pretty darn good moving forward.  

3-20-2013  Intel Guru Delta   The CBI has now updated the M2 figures on the Arabic side up to January 2013 showing a change over 2 months’ time down to 4.58 and we are still missing 2 months of data family! So, you can see they are doing a REALLY good job of reducing the money supply especially, the hard cash liquidity on the street. This is almost a 1.5% drop over 2 months. That might not sound like much but it’s actually a lot of Dinar they have moved off the streets of Iraq. Then if you calculate or speculate from January to present….this tells us also that we are again VERY CLOSE to see a rate change!

3-20-2013  Newshound Guru Doc    We are much more interested in the late May time frame when the DFI funds become unprotected "free" game.  We can only imagine the entities lining up to file suite against Iraq to get a share of the pot.  We simply can not imagine Iraq doing everything it can to get into a position to protect those funds.  We would think this would include making amends with Kuwait ie chapter 7.  Unfortunately the wild card Maliki still is the wild card in this game. However, what we believe continues is the international community pressuring Iraq via chapter 7 (not done yet), Kurds pressuring Maliki via HCl (not done yet) and the people demonstrate against Maliki.  All-in-all the vice is squeezing Maliki pretty hard.  Our hope is the vice will prevail.  One would think even Maliki would relent rather than risk losing 100s of billions of dollars.  Hence as we stated earlier late May is potentially of great significances.  We report, you decide.  [post 2 of 2]

3-20-2013  Newshound Guru Doc   There have been many dates thrown out...that suggest it has to happen by then.  Many of these revolved around the publishing of the budget which should occur in a few days.  The assumption is the RV rate is in the budget.  We can find no evidence of this.  All published sources actually suggest the opposite.  Every one is reporting an overall budget of 138 trillion dinar and not in the billions of dinar some have suggested.  With the 138 trillion number the assumed exchange rate is the current program rate of 1166.  We also  know the budget is not a prerequisite for currency reform.   With this we are confident we will see this budget opened and it will have no impact on the RV.  Simply put March will come and go with no new revelation.  [post 1 of 2....stay tuned]

3-20-2013  Intel Guru Frank26  Christine LeGarde of IMF made a speech but we are not seeing it yet. They are waiting to release it because it talks about Iraq. I sense perhaps they are doing a few more things before they allow the speech to be made public.   How is it possible they can lend 4 billion to Egypt at this point in time??? With toilet paper??? That move tells us they have a new rate!  We are as close to the RV as breath is to us.  Unless a lot of nations enjoy toilet paper; we don’t expect a low rate.

3-20-2013  Newshound Guru Adam Montana   And we actually have an intended date for Kuwait to officially support the release of Iraq from Chapter 7 - they are aiming for April. Of course, it is still up to the UN regardless of what Kuwait says or does, but the fact that we have a target date is a great thing. (Way better than "soon"!)   Of course, none of this indicates a guaranteed RV or a guaranteed date, but it IS good progress and that's what I like to see.  So if I had to put a date on anything, I would definitely be aiming for mid to late April. (I hate giving dates, and I have historically avoided doing so. This is just a "watch" date, not a prediction.)  [post 2 of 2]

3-20-2013  Newshound Guru Adam Montana   This week has brought some interesting news that should give us a hopeful outlook on our near future.  The Kurds are not exactly happy with the decisions made regarding the budget, and it appears they have even tried boycotting some Parliament sessions... but the meetings have went forward just the same, which is a sign that the Kurds cannot impede on the progress that the GOI intends to make. This is EXCELLENT for us.   [post 1 of 2....stay tuned]

3-20-2013  Intel Guru Delta   They are probably giving everyone about 2 weeks to get ready.  In this announcement they are really announcing the revalue of the IQD. Remember back when Shabibi made the 4 PIP movement from 1170 to 1166. This change was ONLY against the USD! The other currencies remained the same. BUT in THIS announcement…they are talking about a “change” ALL ACROSS THE BOARD! This time it’s going to be ‘AGAINST ALL FOREIGN CURRENCIES!’ REVALUATION. IMO,  we are really very, very close.  [post 3 of 3]

3-20-2013  Intel Guru Delta   Why are they saying now? Remember, they were talking last year about deletion of the zeros, raise the value, all kinds of talk regarding this, they also made mention that before they did anything they would give a “heads-up” of a couple, three weeks; we are not going to do this suddenly. It’s not going to be a surprise. We are going to tell you in advance and give you a chance to get things worked out and be ready...to get the government, financial community, exchange offices, currency traders, ISX a heads-up that it’s coming and to prepare themselves and be ready.  The announcement came out on the 14th.  [post 2 of 3....stay tuned]

3-20-2013  Intel Guru Delta   Announcement that came out from the CBI... Back in December the Board of Directors met behind closed doors and came up with 6 decisions, one being giving Turki the power to increase the value of the IQD when the timing was right. They are saying that those decisions they agreed upon back in December…they are about to implement ALL of them...NOW!  [post 1 of 3....stay tuned]

3-20-2013  Intel Guru Frank26   Chapter 7 Kuwaiti delegation will be in Iraq the first week of April. Notice all the chapter 7 articles that came out today [Tuesday]. We are watching the VND very closely and studying the possibility of the rumor that it could split its value.   Wells Fargo no longer mentions Chapter 7 as a stipulation to speak with us, now they also…look for a rate!

3-20-2013  Intel Guru Bulldog75   Article:   "Baghdad/Orr news The Government expects the Iraqi Prime Minister’s visit during the month of April, the Iraqi official said that the visit signed out Iraq from Chapter VII."  THIS APRIL, Kuwait is anticipated to sign Iraq out of Chapter VII !!!    MAGIC CARPET RIDE: $747$ ITS A GREAT PLANE, SUPER RIDE, AND A GOOD FIGURE

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