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Thursday, May 25, 2017

DINAR GURUS UPDATE, 25 MAY

5-25-2017   Newshound Guru Aggiedad77   Frank [Guru Frank26] is expecting the price of oil to jump from the low $50/barrel range upwards to at least $60-$65/barrel ...the curtailment of oil production by the OPEC nations and other non-OPEC entities will drive this and make it happen...called supply and demand...But ...at the same time...the Iraqi dinar could come out at 3+...follow the oil prices....and he's not saying it has to be at $60 to come out IMO...but at $60-65...we could see 3+...and yes you are right on the 4...5...6+...if oil continues to climb to the $95-100 range...IOO.

5-25-2017   Newshound Guru Aggiedad77
  [So with Ramadan starting tomorrow and nothing gets done during this period then we look to the next window which is after Ramadan?]  Sorry but I respectfully disagree...yes Ramadan starts tomorrow ...but you should not think that country or that all countries who recognize Ramadan shut down completely...remember Frank [Guru Frank26] has said numerous times it is not a holiday...People still go to work, work continues...just for not as many hours per day...that's my take on it...the RV can happen at whatever point they deem they are ready...

5-25-2017   Newshound Guru mike   Article:  "Banking expert: Government implement the economic reform program in cooperation with the International Monetary Fund in 2017"  Quote:  "Nasiri pointed out that the recovery of the Iraqi economy indicators began to appear after the relative rise in global oil prices during the period from the beginning of the current year to the day"  It sounds to me like they're still counting on oil to save the day....  The hold up is simple, it's the lack of political will to implement reforms and change. I firmly believe Iraq can and will do great things in the future, but they have a lot of work in front of them. Reform the banks and the courts, get rid of the corrupt and find a way for Parliament to work together instead of fighting each other at every turn. Abadi needs to step up and be the leader everyone thought he would be when he was elected as the Prime Minister, otherwise it going to be more of the same.  As always, this is...my opinion.

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