Quote Originally Posted by Adster View Post
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:

  1. Make something look more valuable or begin increasing the value (happened with Dinar rise).
  2. Follow it with lots of news that appears good but is misleading and conflicting (happened Nov/Dec/early Jan 2006).
  3. Followed by a period of virtually no news and little movement to make people think nothing is going to happen (late Jan-mid Feb)
  4. Good news, good news and more good news (happening).
  5. Panic everybody into thinking the deal is not going through (happening).
  6. Wham! Everything in place. Deal is done.
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....

Hang in there people!




I think they call it a SHAKE-OUT.