Posted elsewhere from my pal Kev, speaks a lot of sense and for me too on this and other things. Got his permission to post it.
Ah, panic time! NOT. If I was Iraq and I wanted to remove more currency out of circulation from small speculators and a major increase in currency value was about to occur I'd probably make it look like it was going the other way because, guaranteed, a few people (maybe not most) would sell thinking this investment is a no-hoper!
As was explained to me this is a typical method of Arab business practice:
This usual Arab business philosophy was (genuinely, I'm not making this up) explained to me by someone who did some business contracts with Arabs....
- Make something look more valuable or begin increasing the value (happened with Dinar rise).
- Follow it with lots of news that appears good but is misleading and conflicting (happened Nov/Dec/early Jan 2006).
- Followed by a period of virtually no news and little movement to make people think nothing is going to happen (late Jan-mid Feb)
- Good news, good news and more good news (happening).
- Panic everybody into thinking the deal is not going through (happening).
- Wham! Everything in place. Deal is done.
Hang in there people!
I think they call it a SHAKE-OUT.
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08-03-2007, 03:01 PM #11
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