Thread: My Turn With My Source. {Friend}

Originally Posted by Dinar Cha Ching

I don't know, maybe my mirror is broken because I don't see the "proven market" rate (1364) reflected in today's rate of 1373.

So I would say it didnt prove to Hold. But it did find a Medium. This is a good indicator to show what possiblly will show for the next day at the CBI.

Originally Posted by postcon

Not having a dig at anyone so no offence meant. Just like to make a general statement that so far all so-called "sources" have been proved wrong, which only substantiates the fact that no one in the know will reveal any inside information. It's high time someone actually befriends the real "sources"!

If you have read this whole thread, I have never claimed to say that this is a Real Source. I was trying to share in my Judgement to see if this was a Source or a Resource. In the aftermath I determined that it would be a "Freind". Soryy but my Mama raised my to not befreind my Freinds. You never know when you are they might need each other. Oh Yeah My Father agreed too.

Originally Posted by everwiser

Let me first say that I hope Neno's friend is right and it does drop 20 points overnight tonight...

My take on this difference is the fact that the Dinar is not "actively" traded on the Forex. There is a 'lag' between changes in the CBI rate and changes in the various banks' and exchanges' rates. I think the 20 point drop is more a matter of the exchange readjusting to the CBI. For example, I called Chase bank 2 or 3 weeks ago and the rate was $782.50 per million Dinar. On Monday I rechecked the rate and it had changed to $782.90; a change of only $0.40 USD even though the amount of change according to the CBI was greater than this. This shows there is a delay between the time the CBI changes the exchange rate to when the banks and or Forex exchanges update their rate. I would believe a bank would hold their rate if the Dinar weakened against the dollar so they could make some extra money off each purchase. However, I seriously doubt a bank would hold their lower selling rate when the Dinar strengthens against the dollar because that results in lower returns for the bank. Using this methodology it is apparent there is an adjustment delay between Iraq and the rest of the world.

Just my .02...

Everwiser

What we have see with Chase form our own members is that some have even purchase at the buy prices. I realise that it is just a mistake on the employee part. Just goes to show you that even tho Chase is the Only Banks in the US envolved (I am Presuming) they have not got thier stuff together with all their Branches. So I would agree with you Everwiser on the delay's of the Updates from there to here.

oanda shows 1327 bid price. yesterday was 1348 bid price. verrrry interestiing.

Originally Posted by lglwzrd

oanda shows 1327 bid price. yesterday was 1348 bid price. verrrry interestiing.

If this is what you use to watch the Market. Then use it everyday and compare. You might start to get a trend going by doing this. Maybe use a couple more too for the comparison.

Originally Posted by neno

If you have read this whole thread, I have never claimed to say that this is a Real Source. I was trying to share in my Judgement to see if this was a Source or a Resource. In the aftermath I determined that it would be a "Freind". Soryy but my Mama raised my to not befreind my Freinds. You never know when you are they might need each other. Oh Yeah My Father agreed too.

Neno, I started off by saying I wasn't having a dig at anyone or trying to belittle anyone. Neither did I claim that you stated it to be the real source. I just don't think that those in the know would divulge such confidential and history in the making information. Of course, someone is bound to be right at some point in the future with their sources. With all the good news and statements from those in high positions, the RV will happen. Whether it's a slow steady rise or a huge sudden jump, it's bound to make us richer! Peace out...

Originally Posted by postcon

Neno, I started off by saying I wasn't having a dig at anyone or trying to belittle anyone. Neither did I claim that you stated it to be the real source. I just don't think that those in the know would divulge such confidential and history in the making information. Of course, someone is bound to be right at some point in the future with their sources. With all the good news and statements from those in high positions, the RV will happen. Whether it's a slow steady rise or a huge sudden jump, it's bound to make us richer! Peace out...

Peace-Out...............

Originally Posted by neno

If this is what you use to watch the Market. Then use it everyday and compare. You might start to get a trend going by doing this. Maybe use a couple more too for the comparison.

well i posted this to show the 20 pt spread-at least on bid prices by oanda. perhaps your resource is not too far off on his info.

Originally Posted by lglwzrd

well i posted this to show the 20 pt spread-at least on bid prices by oanda. perhaps your resource is not too far off on his info.

Thanks lglwzrd, I dont know exactlly yet, what Markets he is Teaching me he use's to be the Indicator of the CBI for the next Day. But I see that their are several Markets that could be watch to develope a Trend with. Thanks.

Originally Posted by Dinar Cha Ching

Seems like the only legitimate source there is is Shabibi and he's not talking.

Actually he is.....