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Thursday, June 1, 2017

KTFA UPDATE, 1 JUNE

Hootowl:  hey there backdoc how does june the 8th look for things to kick off?in your opinion of course  

BACKDOC:  NO SIR.  NOW THAT COUNTRIES ARE USING THEIR RATES COUNTRY TO COUNTRY SINCE MAY 15TH THEY NEED TO WORK THEIR VALUES HIGHER AND HIGHER WITH CONTRACTS UNTIL THEY REACH THE DESIRED LAUNCH VALUES.

SOMETIME AFTER JULY 8TH, A SUNDAY GOING INTO A MONDAY ARE MY THOUGHTS. I LOOK FOR MOSUL ANNOUNCEMENT BETWEEN JUNE 10TH TO 15TH. THESE ARE JUST SOME THOUGHTS.
 
BY THE WAY, WHAT DID I TELL YOU ABOUT IRAN? HEE HEE   DOC   IMO
 
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Rabbit:  Very interesting timing of oil starting to rise right after yesterdays meetings!

Oil futures rise with the decline in US stocks

 06/01/2017 - 10:51

Crude futures rose on Thursday after touching its lowest level in three weeks in the previous session, with the support of expectations about a possible withdrawal of the United States of a global climate agreement and a report showed that US crude inventories fell more than expected.
 
US President Donald Trump said he will announce on Thursday its decision on the survival of the United States in a global agreement aimed at combating climate change as a source familiar with that he is preparing to withdraw from the Paris Convention, he said.
 
By 0552 GMT, the global London Brent crude futures rose in the July delivery 39 cents or 0.8 percent to $ 51.15 a barrel after rising to above this level earlier in the session.
 
The futures fell to $ 1.53 on Wednesday, or the equivalent of three percent to $ 50.31 a barrel on the last day for decades to the earliest maturity. This was the lowest closing level for Brent crude since the tenth of May and contracts fell 2.7 percent last month, the third monthly decline.
 
It stepped up futures contracts for West Texas Intermediate crude 40 cents, or about 0.8 percent, to $ 48.72 a barrel.
 
It fell futures contracts for WTI of $ 1.34 or the equivalent of 2.7 percent in the previous session to $ 48.32 a barrel, the lowest closing level since May 12. US crude benchmark came down for the third month in May, which fell two percent.
 
American Petroleum Institute data showed that crude stocks fell 8.7 million barrels to 512.3 million barrels in the week ending May 26, compared with expectations of analysts Bankhvadha 2.5 million barrels.
 
Announces US Energy Information Administration inventory report at 1500 GMT on Thursday.
 
The Reuters survey showed that the production of the Organization of the Petroleum Exporting Countries (OPEC) rose in May, the first monthly increase since the beginning of the year.  

http://economy-news.net/content.php?id=7737

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Don961:  As DELTA reported (Wednesday CC)  ... What's been on the CBI Auction Spreadsheet the past 3 days .. double auctions (translated) :

(3453) - 2017/5/29 Monday and 30/07/2017 Tuesday for the Bank's Day Sales 30-May 1,184 154,656,852 45,630,000 109,026,852

(3454) - 2017/5/30 Tuesday and 31 December 2017 31/31 Sales 31-May 1,184 149,446,115 34,960,000 114,486,115

(3455) - 31/5/2017 Wednesday Wednesday and Executed 2017/6/1 Thursday Bank Day Sales 01-Jun 1,184 155,688,671 25,290,000 130,398,671

StephenMac63:  :  The only reason I can come up with to have a "double" auction is because the books were not in conjunction with one another so they had to do a "bogus" auction with some numbers to help them wind up with a correct balance at the end.
....
​So the first auction was the actual auction, the second auction is a portion of what needs to be declared and after so many days of auctions it will level out to being normal.

Just a thought.

Pmac:  I'm on board with this.  'Fill in the balance' tactics that have been used during holiday activities... that are used right smack in the middle of a MR says LAVA flow for sure.  When we know it is THIS close, any irregular movement by the CBI / Auctions is... MOVEMENT.

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StephenMac63:  Ok, lets try and break this down, work with me.

Is the following scenario possible?

We all know that the week starts on a Sunday for them....

Entry (3453)....my take on this is that its possible this isnt a daily report of auction, its the accumilation of Monday the 29th and Tuesday the 30th, only they made a mistake with the number 7 as it should have been a 5 for the month. With the above info provided is says to me that they had an action on Monday and Tuesday, with no auction on Sunday the 28th. But I see three groups of numbers....1184 154656852......4563000....and 109026852.

Entry (3454) We have Tuesday's entry of which has already been accounted for in the entry (3453) and then it says (Wed)December 31, they got the date correct but wrong month.....they no speeky englis either.

But look at the pattern, the first number is 1184 149446115.......34960000.......114486115. Seeing a pattern yet? Lets try the third entry.

Entry (3455) We have Wednesday (already accounted for in entry 3454) and we have Thursdays sales (as of this writing its 12:38 in the morning, I wonder if they only sell early in the morning and put up info right away) Lets look at the numbers....

1184 155688671.......25290000......130398671.

So what do we see that are similiar? On each day the first set of numbers start out with 1184, so I assume this is the reported rated for public viewing....... in the second number of each, the last four digits are the same in the second set of number and in the last set of numbers..(Entry 3453=6852, 3454=6115, and 3455=8671.

You will also notice that the 3rd number in each (Entry) ends in at least three zeroes.
What have we gathered so far? Well, along with the above information, we can speculate that having two entries per day, with the various days mixed up with the month. I safely conclude that there is someone new that is reporting the numbers onto the CBI website. They no speeky englis, Could it be possible that they inadvertanly added a day because do we see twice as many sales? I do not know the daily sales average otherwise I would know the answer.

Another observation is the lack of repetition in writing the dates, in the first two (entries) it is displayed as Year/Month/Day, in the last entry it was displayed as Day/Month/Year. Something tells me that either somebody has a concentration problem or there are two people who got together to enter this on the CBI website. But with what we have seen and are figuring out, we know the rate is not 1184..........in the Southern States I think its possible that we got fed a "Hush Puppy". IMO. Thats when you are cooking and the dog keeps whining and you toss them something just to be quiet, usually scraps.

OR...... ( and Im still wrapping my brain around this one) A possibility exists that the inventory that is being sold does not line up with what was bought.....meaning there was pilferage and somebody needs to account for it somehow. Maybe somebody cooked the books so bad, it got burnt.   Any thoughts?

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DELTA:   FRANKIE ........THEY DID IT AGAIN TODAY....FOR 06/4..   (Wink)

Announcement No. (3456)

The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 4/6/2017 that performed on 1/6/2017 and the results were as follows:
Details Notes

Number of banks 38
Number of remittance companies 10
Amount sold at auction price (US$) 151,197,131
Amount purchased at Auction price (US$) -----
Total offers for buying (US$) 151,197,131
Total offers for selling (US$) -----

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KTFA Wednesday  Night Conference Call

Approx.  2:53  long

The first part is Business Promo and the second part is Dinar/Iraq Intel

PLAYBACK # : 641.715.3639     PIN: 156996#

https://fccdl.in/kZcBC6wpz
Bluedog: Article - Keywords: prepare a plan for the rehabilitation of the Central Bank branch in Mosul

IMO THIS IS WHERE THE PLAN HAS BEEN SETUP FOR MOBILE BANKING TILL THE RUBBLE HAS BEEN RECONSTRUCTED ........

MOBILE BANKING WILL BOLSTER PROFITS TO IRAQ AND THE TRUST OF THE IRAQI PEOPLE IN BANKING  ..........   JIMO     BLUE

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Bluedog:  IMO THIS HAS BEEN DONE YEARS AGO SO JUST INFORMING YOU NOW ALL THESE THINGS HAVE BEEN PROTECTED BY THE WORLD FOR A TIME SUCH AS THIS ......... BLUE

Economy- Iraq announces the launch near the "fastest" Internet network at a cost of " a few"

Ministry of Communications for the current year will see the start of work the national project of the Internet in Iraq, through the "fastest network in the world," and cost less.

The ministry spokesman said Hazem Mohammed Ali in an interview reported to Twilight News, "after less than a year from the start of the implementation date and during the period of record of the Ministry of Communications has succeeded with the contracting companies with the completion of 93% of the project to extend the processing of optical cable in all parts of Iraq, which will be reflected in prices internet available to citizens in Iraq. "

He added that "the formation of oversight committees of the ministry reflections reduction on the reality of the citizen sequence effectively" He explained that " the network will be secured and protected and owned by the Ministry of Communications, and supervised by the ministry in coordination with senior security authorities in Iraq, it will be optical cable international force for the protection of data portals The incoming and outgoing information and filter to ensure the security of Iraq. "

He noted that " the project investment and promising, will achieve substantial financial resources of the state, although the ministry did not bear the costs of the project but has implemented to bear all costs for the project companies noting that the ministry reserves the right to supervise the entire joints of the national project of the Internet in Iraq and the administration where will see Iraq launch service fastest network in the world, and at a cost less than the current cost of a large proportion. "

http://www.shafaaq.com/ar/Ar_NewsReader/0e49cea9-0606-467f-ad67-704c37954a28

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