MarkZ

[via PDK]   As for the rumors – I have received a number of reach outs this morning…about a thousand or ten times improvement in Iraqi currency rates. They are saying this is the talk on the street that this is the starting point.  I still think they will all go at once, but am prepared if Iraq does go slower. It looks like the overwhelming majority of people that hold it are going to make somewhere around 4 times or 10 times on their investment already. This is huge but not yet what we are looking for. They still want to restore their old rate pre-Kuwaiti invasion rate. ($3.22?)  [NOTE:  As of now the official CBI rate has not changed.  You can always see the official CBI rate in the left column of this page.]