DINARLAND UPDATE, 18 AUGUST

MarkZ

[via PDK]

I believe it will stay quiet until we cross the finish line…But, I have been assured Iraq plans to finish in the month of August. And bankers are still looking at around the 20th…I hope that is accurate. And yes…I am an optimist.

”Iraq possesses  132 tons of gold reserves”

They are continuing to stock up. I believe they are way closer than they are telling us.

Comment: Many still think Iraq will float.

MarkZ:  My sources still believe straight to contract rates for us…

MilitiaMan (KTFA)

What are we looking for?  For them to spend the money [from the budget].  If they haven’t spent the money they don’t have it yet. 

Their job  [parliament, GOI, CBI]  is not to tell you, ‘We’re going to change the exchange rate from X to X tomorrow.‘  They’re not going to do that.

Bruce (The Big Call)

[via WiserNow]

…we’re sort of that day by day situation where we’ve been told – we’re minutes away – this is getting ready to go… things are really happening…I think the next two to three days we’re going to be really significant if we go this week… Iraq is still saying they’re going to put out a new rate and open their budget and pull it out  in their gazette…they might wait until Saturday or it could be printed in a special edition…of the Gazette…and…the so called HCL the hydrocarbon law the oil and gas law… which has been passed a long time ago – would be implemented with the new rate… We’ll see what happens.