Sat Mar 23, 2024 11:33 pm by globalturboFrank26 CC Notes by Bulldogford65 from Tuesday PM Call
07/16/2013
BulldogFord65 » July 16th, 2013, 9:54 pm •
• Frank shared a bank story : About 3 weeks ago, a trusted friend/advisor of Frank’s in TX was contacted by WF with the offer to provide any needed service; Frank’s friend asked the banker about the IQD, but the banker said it is not his dept., knows nothing about it but will try to find out; the banker just called Frank’s friend, and reported that he spoke with 5 very highly placed wealth managers at WF a few days ago, and asked about the IQD; all 5 confirmed that they are advising their clients to carry IQD in their portfolio, that it will increase in value, they don’t know when but they know what’s going on; this is a huge turn around, WF is no longer denying the IQD, they are training tellers how to direct exchange requests, and the wealth managers are advising 5 – 15% of portfolio to be in IQD; it’s not difficult to understand what’s going on
Eagle1 came on the call at this point
• Eagle1 gave an update: expecting to see currencies on the ForEx, but did not go because the IQD is the pivot currency and the IMF codes expired because of the delay in Iraq; new codes have been provided by the IMF, and we now wait to see if it happens tonight or tomorrow – or not
07/16/2013
BulldogFord65 » July 16th, 2013, 9:54 pm •
• Frank shared a bank story : About 3 weeks ago, a trusted friend/advisor of Frank’s in TX was contacted by WF with the offer to provide any needed service; Frank’s friend asked the banker about the IQD, but the banker said it is not his dept., knows nothing about it but will try to find out; the banker just called Frank’s friend, and reported that he spoke with 5 very highly placed wealth managers at WF a few days ago, and asked about the IQD; all 5 confirmed that they are advising their clients to carry IQD in their portfolio, that it will increase in value, they don’t know when but they know what’s going on; this is a huge turn around, WF is no longer denying the IQD, they are training tellers how to direct exchange requests, and the wealth managers are advising 5 – 15% of portfolio to be in IQD; it’s not difficult to understand what’s going on
Eagle1 came on the call at this point
• Eagle1 gave an update: expecting to see currencies on the ForEx, but did not go because the IQD is the pivot currency and the IMF codes expired because of the delay in Iraq; new codes have been provided by the IMF, and we now wait to see if it happens tonight or tomorrow – or not
