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Post subject: EddieX Post: Currency Trade Chat (UN Treasury Spreadsheet)
Posted: Wed May 12, 2010 8:02 am
Joined: Sun May 09, 2010 6:38 pm Posts: 1593 Location: Alabama
May 12, 2010 Ã‚Â· Posted in CHATS / POSTS
I see the spreadsheet is going around again. This usually happens quarterly. Though operational changes do happen twice a month. But this time there was a note on currency changes possibly coming.
This is what I think. It has NOTHING to do with the dinar. We will find out by the end of this week since it says May 12-14 I believe.
Europe is having major issues. They just had to do a trillion dollar stimulus package which they called another name. If anything changes, I believe itÃ¢â‚¬â„¢s in the European union. I would not be surprised to see the gap closed between the value of the dollar and the euro.
Trust me, I would love to be wrong but Iraq is still without a government. If they want their currency to come out strong, they need a solid government. Who is going to invest in a country with no government? Think about that.
The currency is probably far from their minds right now, not too far but they need to settle their issues. In Iraq the government controls contracts like oil, etc. So there is no way that they are going to revalue without even a caretaker government.
Iraq is going step by step. Those of us in the US are probably used to the final step coming before the steps in between and then going backwards but if you notice they have followed just about everything they said they would do.
I still think weÃ¢â‚¬â„¢re close. IÃ¢â‚¬â„¢ve been saying 70% by the end of June and IÃ¢â‚¬â„¢m actually moving that up to 75%. I know itÃ¢â‚¬â„¢s not a big percentage but they are moving in the right direction.