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Thursday, September 3, 2015

News, Rumors, and Opinions Thursday Morning 9-3-15

TNT:

OK Rocks:  The Shanghai stock market will be closed Thursday and Friday as China commemorates the 70th anniversary of the end of World War II. (Like they do every year)

Harambe:  Why bonds aren't rallying amid the stock selloff
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NetGlobal
:  Dosen't sound like Iraq can sell the international bonds until they have a rate increase on the dinar

Sarek:  Iko...what is your take on the bonds...both local for Iraq and international....I am reading so many different opinions, my head is boggled....thanks

Iko Ward:
serek...the bonds are a joke at the moment. They need the RV to be real. At this point, I am not considering any written article of main stream opinion. It's all black and white, either it is or it isn't. The only intel I trust is Tony's and treat everything else as rumor.
....
Iko Ward: Black and White...ISX down again, Europe buying back in, Forex at 1117.7 (they finally polled around 1AM EST) Crude holding between 45 and 47, Heavy Hitters are playing with Gold but only on spread of $15. Saudi's are also stable.

Depaul13:
  This is becoming Quite Interesting though..... Like watching a Championship Chess Match .... LOL

Greenrage:
  Paraphrasing what Frank said last night.....That Maliki Stole the proceeds from the bond sale in 2012...and it was not recovered...so the holders of the bonds cannot be paid. And in order to do so, they would need an RV. (and who would be buying any from the latest sale when there is no money to back the last sale) someone correct me if I am wrong please.

TBirdd:  green --- 2006 (?) -- 2012 was when it should have been done by.. (just my take-away.. )

TBirdd:
  I’m hoping the RV gets slipped in while china market is down for a couple of days..... hoping thats the plan.

Depaul13: This "Timing " Is "Prime" Now!! JMHO

EF:  Good day Family. Don't expect the Market to make any big upward moves today. You will only see a little churning in the water. The reason for this is there is still more to come and with China off for Holiday you have the mice playing around. I expect to see the Tiger awake Sunday evening and we are in for a show. It's my opinion that those game players know this and are making what they can while they can. Look at the charts I've the last 30 days. All is still way down and will continue IMO.

Iko Ward:
  yes, China gets a free swing and the US can't swing back fir a full 24 hours. Muwaahahaaahaaa

KMAN:  it would seem that when China devalued their currency, they were making way for new money to come into the system. Seems to be a lot of rebalancing taking place before the big event.

TBirdd:  in my humble opinion, Im banking on China Sunday/Monday

Pattycakes:  Our Banks are closed sat and Mon...

UKfan1962:  :
   With Iran having some influence in Iraq, I see upholding the nuclear deal to be a significant piece of the puzzle. It would be a colossal mistake to lift sanctions and Iran's economy flourishes , while Iraq plunders.

OK Rocks:
  UK great point... they would have to have a plani n place for that

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Dinar Updates:

tman23  Emerging market bonds have been taking a beating last few weeks... NOBODY WANTS TO TOUCH THEM NOW! Good luck Iraq!

 Canada announced it is officially in a recession... China stock market is taking a whooping and chaos is in the streets... Japan market is taking a beating... US market lost close to 470 today... And as I was told... the money will move after the post 2015 summit...Summit starts the 14th... 

The amount to be invested in world infrastructure is being raised from billions to trillions... None of this is made up ...it is financial world economic facts... live and in print....

That said... hopefully they plan on IQD manipulation in our speculative favor.
KTFA Wednesday Night Conference Call

Approx.  152 minutes long

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Walkingstick  » September 3rd, 2015, 7:56 am 

CBI News & Announcements

To / all licensed banks and money transfer companies approved all and exchange companies approved all (to suspend trading in dollars)
03/09/2015

The central bank acknowledged on 01/09/2015 conduct a public auction auction (C144) for the sale of the bank for their remittances (91) days
03.09.2015

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Walkingstick:  Highly motivated to buy gold bullion

3/9/2015 0:00

Baghdad Joseph Zayer
met with the process of selling gold bullion launched by the Iraqi Central Bank to boost liquidity large turnout by citizens and interested in dealing with the precious metal.

According to the Director General of the release and cabinets in the Iraqi Central Bank's «morning» remarks the very good turnout and still sell bullion operations continuous, and this turnout reflects citizens' awareness of their role in supporting the Iraqi economy and the strengthening of government hedges to mitigate the impact of the financial crisis and transit. Dr. Ihsan Shomran Yasiri He noted that the bank did not put non-small margin on the price of ingot is currently only one percent, which represents an administrative cost in line with the Bank's policy to encourage the citizens of the Optional savings to diversify its means and put forward different options for him, where the bank also continues to sell bonds after that extended the completion date of sales to the end of the month of September.

In a statement released earlier, and I followed the «morning» by the Central Bank of Iraq explained that he put bullion in order to diversify the public savings and ensure that they get the gold 24 carat The statement continued, «the Iraqi Central Bank has contracted with a leading global coined bullion companies Stamping gold bullion weights ( 5, 10, 15, 20, 25 and 50) g and put up for sale through banks and through its center in Baghdad for employees ». The statement continued, «the bank will basic alloy of big weights (100 250 500 and 1000) and GM launched soon. Bank has called for banks to submit their requests to the General Directorate for issuance and cabinets to buy quantities you wish to purchase for its own account or on behalf of the public. The selling price was determined on the basis of cost and out of Baghdad International Airport plus administrative uploads by 1 percent.

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Walkingstick:  Why Are Foreign Countries Repatriating Gold From US Federal Reserve?


As US Federal Reserve's policy is believed to provoke major turmoil in global financial and commodity markets, foreign countries are withdrawing their gold reserves from world's largest gold depository.

Central banks of foreign countries resumed the withdrawal of their gold reserves from the US Federal Reserve, according to the last report by the last Fed reserve.

A massive repatriation of gold began back in the beginning of 2014.
During the period, a total of 250 tons of physical gold have been withdrawn from the Federal Reserve. The gold reserves in the depository dropped to 5,950 tons, a record low for the last 20 years.

Last time, a similar situation occurred ahead of the 2008 financial crisis, and foreign central banks withdrew nearly 400 tons of gold. Taking into account that the current withdrawal has lasted since 2014 and this year has been seeing a new crisis, history is repeating itself, Vesti.ru reports.
The first major attempts by foreign countries to return their gold reserves first began in 2012. At the time, Germany made attempts to withdraw its gold, but was denied examination and received only a small portion of the planned 700 tons.

Amid the ongoing global crisis, trust in the US Federal Reserve is waning. Its geopolitical role has become evident over the last years. Any announcement of the Fed’s intention to raise interest rates provokes destabilization in global financial and commodity markets, the article reads.
In addition, the Fed can bring serious pressure on the financial systems of the Euro area and other European countries, it adds.

Probably, even US allies secretly want to get rid of Fed’s influence and are looking for ways to do that. The recent gold withdrawal may be a step to achieve the goal, the article presumes.

In his open letter to the Commodity Futures Trading Commission, Keith Neumeyer, chairman of First Mining Finance, stressed that the actions of real-world producers and buyers are not determined by financial market operations which are conducted only on paper.
As China boosted its gold reserves to 600 tons, there is no reasonable ground to speak about the low demand for gold. In this situation gold prices should go up, but actually they do not, according to the article.

It turns out that while the market prices indicate that gold is unpromising, real customers continue to buy it in record amounts, it explains.

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