– Natural gas futures edged lower on Friday, as some investors cashed out of the market to lock in gains from the previous session’s 5% rally that took prices to a four-week high.
Updated weather forecasts showing that a heat wave in the U. S. Northeast and Midwest was expected to give way to below-normal temperatures this week also weighed.
On the New York Mercantile Exchange, natural gas futures for delivery in August fell 1. 1% on Friday to settle the week at USD3. 771 per million British thermal units.
Despite Friday’s downbeat performance, natural gas prices rose 3. 45% on the week, the third consecutive weekly advance.
Nymex gas futures surged 5. 1% on Thursday to hit a four-week high of USD3. 814 per million British thermal units, following the release of bullish U. S. supply data.
The U. S. Energy Information Administration said in its weekly report that natural gas storage in the U. S. rose by 58 billion cubic feet last week, below market expectations for an increase of 64 billion cubic feet.
Inventories rose by 29 billion cubic feet in the same week a year earlier, while the five-year average change for the week is a build of 70 billion cubic feet.
Total U. S. natural gas storage stood at 2. 745 trillion cubic feet as of last week, 1. 2% below the five-year average and 13% below last year’s level.
Early injection estimates for this week’s storage data range from 45 billion cubic feet to 60 billion cubic feet, compared to a 26 billion cubic feet increase during the same week a year earlier.
The five-year average for the week is a build of 53 billion cubic feet.
Meanwhile, market players continued to focus on near-term weather forecasts to gauge the strength of demand for the fuel.
Updated weather forecasting models released Friday pointed to milder weather temperatures across most parts of the U. S. Northeast and Midwest for the rest of July.
The U. S. National Weather Service pointed to below-normal temperatures covering the heavily populated Northeast and Midwest regions over the next six to 14 days.
Mild summer temperatures reduce the need for gas-fired electricity to cool homes.
Elsewhere in the energy complex, light sweet crude oil futures for September delivery settled at USD108. 23 a barrel by close of trade on Friday, adding 2. 1% on the week.
Meanwhile, heating oil for August delivery tacked on 2% over the week to settle at USD3. 095 per gallon by close of trade – offers an extensive set of professional tools for the Forex, Commodities, Futures and the Stock Market including real-time data streaming, a comprehensive economic calendar, as well as financial news and technical & fundamental analysis by in-house experts.

– Natural gas futures edged lower on Friday, as some investors cashed out of the market to lock in gains from the previous session’s 5% rally that took prices to a four-week high.
Updated weather forecasts showing that a heat wave in the U. S. Northeast and Midwest was expected to give way to below-normal temperatures this week also weighed.
On the New York Mercantile Exchange, natural gas futures for delivery in August fell 1. 1% on Friday to settle the week at USD3. 771 per million British thermal units.
Despite Friday’s downbeat performance, natural gas prices rose 3. 45% on the week, the third consecutive weekly advance.
Nymex gas futures surged 5. 1% on Thursday to hit a four-week high of USD3. 814 per million British thermal units, following the release of bullish U. S. supply data.
The U. S. Energy Information Administration said in its weekly report that natural gas storage in the U. S. rose by 58 billion cubic feet last week, below market expectations for an increase of 64 billion cubic feet.
Inventories rose by 29 billion cubic feet in the same week a year earlier, while the five-year average change for the week is a build of 70 billion cubic feet.
Total U. S. natural gas storage stood at 2. 745 trillion cubic feet as of last week, 1. 2% below the five-year average and 13% below last year’s level.
Early injection estimates for this week’s storage data range from 45 billion cubic feet to 60 billion cubic feet, compared to a 26 billion cubic feet increase during the same week a year earlier.
The five-year average for the week is a build of 53 billion cubic feet.
Meanwhile, market players continued to focus on near-term weather forecasts to gauge the strength of demand for the fuel.
Updated weather forecasting models released Friday pointed to milder weather temperatures across most parts of the U. S. Northeast and Midwest for the rest of July.
The U. S. National Weather Service pointed to below-normal temperatures covering the heavily populated Northeast and Midwest regions over the next six to 14 days.
Mild summer temperatures reduce the need for gas-fired electricity to cool homes.
Elsewhere in the energy complex, light sweet crude oil futures for September delivery settled at USD108. 23 a barrel by close of trade on Friday, adding 2. 1% on the week.
Meanwhile, heating oil for August delivery tacked on 2% over the week to settle at USD3. 095 per gallon by close of trade – offers an extensive set of professional tools for the Forex, Commodities, Futures and the Stock Market including real-time data streaming, a comprehensive economic calendar, as well as financial news and technical & fundamental analysis by in-house experts.

– Natural gas futures edged lower on Friday, as some investors cashed out of the market to lock in gains from the previous session’s 5% rally that took prices to a four-week high.
Updated weather forecasts showing that a heat wave in the U. S. Northeast and Midwest was expected to give way to below-normal temperatures this week also weighed.
On the New York Mercantile Exchange, natural gas futures for delivery in August fell 1. 1% on Friday to settle the week at USD3. 771 per million British thermal units.
Despite Friday’s downbeat performance, natural gas prices rose 3. 45% on the week, the third consecutive weekly advance.
Nymex gas futures surged 5. 1% on Thursday to hit a four-week high of USD3. 814 per million British thermal units, following the release of bullish U. S. supply data.
The U. S. Energy Information Administration said in its weekly report that natural gas storage in the U. S. rose by 58 billion cubic feet last week, below market expectations for an increase of 64 billion cubic feet.
Inventories rose by 29 billion cubic feet in the same week a year earlier, while the five-year average change for the week is a build of 70 billion cubic feet.
Total U. S. natural gas storage stood at 2. 745 trillion cubic feet as of last week, 1. 2% below the five-year average and 13% below last year’s level.
Early injection estimates for this week’s storage data range from 45 billion cubic feet to 60 billion cubic feet, compared to a 26 billion cubic feet increase during the same week a year earlier.
The five-year average for the week is a build of 53 billion cubic feet.
Meanwhile, market players continued to focus on near-term weather forecasts to gauge the strength of demand for the fuel.
Updated weather forecasting models released Friday pointed to milder weather temperatures across most parts of the U. S. Northeast and Midwest for the rest of July.
The U. S. National Weather Service pointed to below-normal temperatures covering the heavily populated Northeast and Midwest regions over the next six to 14 days.
Mild summer temperatures reduce the need for gas-fired electricity to cool homes.
Elsewhere in the energy complex, light sweet crude oil futures for September delivery settled at USD108. 23 a barrel by close of trade on Friday, adding 2. 1% on the week.
Meanwhile, heating oil for August delivery tacked on 2% over the week to settle at USD3. 095 per gallon by close of trade – offers an extensive set of professional tools for the Forex, Commodities, Futures and the Stock Market including real-time data streaming, a comprehensive economic calendar, as well as financial news and technical & fundamental analysis by in-house experts.

Baghdad/with: Iraq market index securities in Sunday’s meeting by 1.56 percent registered 89.25 points.

During the meeting, trading in shares of 38 companies contribution out of the 73 listed companies electronically, the shares of 7 companies and 23 Decliners, while other companies maintained 8 performers.

And the number of shares traded in the day session of 765 million shares worth 1.2 billion exceeded 287 million, achieved through the implementation of 424 contract trading.

The banking sector saw trading in shares of 14 companies, the shares of two companies, declined another 11 companies, with wahadhali company maintained its rates, exceeded the number of shares traded her 612 million shares worth 894 billion and exceeded the million dinars achieved through implementation of the 224 traded contract.

The industrial sector saw trading in shares of 12 companies, declined 5 companies, and shares of other companies, with 3 kept its prices companies 4, exceeded the number of traded shares of industrial companies of 89 million shares worth over 166 million dinars achieved through implementation of 116 contract trading.

The hotel sector saw trading in shares of companies, two declined, with 3 companies kept the performers and exceeded the number of shares traded for the hotel sector are worth 29 million exceeded 271 million were achieved through the implementation of 16 nodes.

The service sector also saw trading in shares of three companies, the shares of one company, two declined, and the number of traded shares of services sector 8 million shares worth over 28 million were achieved through the implementation of the 31 trading contract.

The insurance sector saw trading in shares of one company, its stock prices dropped, and the number of shares traded in the insurance sector million shares worth over million dinars achieved through implementation of 5 contracts traded.

The telecom sector also saw the company’s shares trading only, prices of shares, exceeded the number of shares outstanding of 21 million shares worth over 400 million were achieved through the implementation of the 13 contract trading.

The agriculture sector saw trading in shares of the two companies, their prices fell and the number of shares traded in the agriculture sector 2 million shares worth more than 20 million were achieved through the implementation of the 19 trading contract.

It was the implementation of a contract for the purchase of 50 non-Iraqi investors in banking sectors and services, industry and communications, the implementation of 13 held in industry and service sectors. Finished

LINK

 

7. 21. 13
Iraq’s banking sector is poised for significant earning and asset growth over the next decade, according to a new report released by Sansar Capital Management LLC.
The IMF forecasts Iraq’s GDP to grow by 9 per cent this year — driven by a strong macro environment, increasing credit penetration and the improving security situation in the country. The banking sector, in particular, is expected to maintain a steady growth over the next few years.
The Sansar Capital’s report points out that rising credit penetration is also expected to further stimulate the growth inthe banking sector. The report cites a World Bank study which shows that Iraqi domestic credit to GDP stood at a mere 9 per cent of GDP at the end of 2011 as compared to a 55 per cent of GDP average for the Middle East and North Africa (MENA) region.
Domestic credit to GDP grew at a clip of 89 per cent CAGR between 2009 and 2011. Moreover, according to Central Bank of Iraq data, cash credit, such as loans and overdraft facilities, have grown at an impressive CAGR of 50 per cent from 2006-11.
The detailed report analyses the Iraqi private banking sector through the perspective of five of the country’s largest private banks by deposit.
The report reveals that supported by the strong economic growth and rising credit penetration, these five banks saw their aggregate net income grow by 207 per cent between 2010-12. Dilution driven by increases in equity capital resulted in earnings-per-share growth to be lower but still impressive with an aggregate EPS growth of 111 per cent from 2010-12.
The report highlights how banks with the highest return-on-equity (ROE) and growth profiles trade at the lowest valuation — an odd idiosyncrasy in the Iraqi markets. Sansar believes that this is an example of market inefficiency, which provides opportunities for those paying attention.
The reportalso closely examines the financial statements of the Iraqi banks and demonstrates that adjusted underlying profitability and return-on-equity for these banks significantly exceeds the reported numbers with some banks approaching 60 per cent underlying ROEs.
The Iraqi Middle East Investment Bank, the third largest publicly traded bank in terms of deposits, performed well in the past few years, having been able to attract large sums of quality deposits at very low interest rates. In 2012, Iraqi Middle East Investment Bank had the highest return-on-equity and the highest operating profits growth among the large Iraqi banks. Since 2009, the bank profit before taxes have grown by 330 per cent, a CAGR of 63 per cent.
According to the report, the growth in Iraq’s banking sector earnings and GDP —which IEA forecasts will grow 151 per cent between 2011 and 2020, driven by the country’s increasing oil revenues, go hand-in-hand with the improving security situation in the country. As violence declined by over 80 per cent between 2006-12, Iraqis in many parts of the country enjoyed relative calm and stability.
However, despite the impressive growth, Iraqi private banks will have to overcome some important challenges if they are to continue their growth at the excellent pace witnessed over the last five years.
Accessibility is among the biggest challenges facing the country’s banking industry. Access to bank branches or ATM machines remains highly limited to the general Iraqi population. There are approximately 900 bank branches covering a population of 33 million Iraqis equating to just one branch serving 36,000 individuals.
The trust issueOther challenges include an uneven playing field enjoyed by the state-owned banks and a general mistrust of the banking system.
This problem is further exasperated by the lack of any deposit insurance institutions that would guarantee the return of customers’ deposits in the event of a bank failure.
The report also raises some concerns regarding corporate governance and transparency at some banks.   In the example of North Bank, it highlights how audit and financial concerns raised by the accountants in the Arabic reports were missing from the English translated reports provided by the bank.
“Iraq’s banking sector, though certainly on the growth path, is not without its share of challenges. However, what is important to note is that all the challenges and hurdles can be overcome, especially with the combined efforts of the government and private sector.
In particular, we believe that the private sector can help improve accessibility to branch networks and services while the government can help level the playing field between the state-owned and private sector banks. Of course, gaining the trust of the population would require efforts from both sides,” said Sanjay Motwani, president of Sansar Capital.
The report pointed out that Iraqi banks generate large sums of their revenue and profits from trade-financing related activities.
For the year 2011, commissions driven by trade-financing related activities (wire transfers, letters of credit, FX spreads) accounted for a range of 28 per cent to 83 per cent of net revenues for the four largest ‘traditional’ banks. Traditional lending activities, such as, net interest income on loans became the second largest contributor of revenue for the four largest banks, by deposits generating 13 per cent to 49 per cent of net revenues from these activities.
The Sansar Capital report concludes that while the mix of an improving macro environment and security situation offer attractive investment ingredients in Iraq, many challenges remain for those interested in participating through public markets. In such an environment, investors are cautioned to carry out extensive due-diligence, including having on the ground presence in the country.
ameinfo. com

I4U:

FrenchTexan2] http://www.newmoney.gov/      Link to the new currency.

[FrenchTexan2] . Everything to the left of the security strip is in the colors green, black and gray represents the old debt-based system. While to the right we find many vibrant yellow, green and most particularly gold colors such as in the ink well with a liberty bell embedded within it; a gold quill; and agold “100” all symbolizing the new asset-backed system coming on board.

[greasee5] I hope everyone noticed the Dec. of Ind. is printed on the new bills! That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers  in such form, as to them shall seem most likely to effect their Safety and Happiness.

 Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shown, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed.
….
Read More Link on Right

But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off

[mkay] greasee5 it’s on the new bills??? cool

[FrenchTexan2] mkay And if you look carefully, you will see the words of none other than the Declaration of Independence in gold script also found on the right hand side featuring the excerpt of: “…the People to alter or abolish it, and to institute new…,” conspicuously prominent.

[greasee5] to throw off such Government, and to provide new Guards for their future security. —Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government.

[mkay] FrenchTexan2 that is great

[mkay] FrenchTexan2 I think you made a real “find’ with this intel

[greasee5] mkay yes it is on the right hand side of the stripe, embeded beneath or within the Gold inkwell area

[mkay] FrenchTexan2 I think it answers some questions

[mkay] greasee5 very good info I think

[mkay] I am feeling good about the rv

[greasee5] mkay I tend to think so! imo It is the foundation of our original Republic

[mkay] greasee5 true….and it will come with time

[greasee5] mkay yes agreed

[alfonse] Hey all . The hidden meaning of the new $100 Bill:   http://www.roadtoroota.com/public/261.cfm

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[KajunRedBull] IvanTulafitov you remind me of the guy that owns the New Orleans Saints…would you like to hear his story?

 I cannot recall his first name at the moment but he owned Benson Mercedes Dealerships throut Louisiana. He was building another one a few blocks away from a bank.He walked in this bank with his bib coveralls and work boots and said to the loan officer I need some working cash to complete a project.

The Loan dude laughed and called his boss and soon the whole office was laughing. Finally someone asked how much did he want and he said a million and a half will do. Well then the office busted out into an uproar!

About 2 months later this dude with an expensive suit walked into the bank and there was a line of folks following right behind him. He walked up to the first Loan dude and asked, “You remember me?” it took the guy a few minutes and his faced went white when he did.

 Benson looked at him and said, “Get out of MY Chair!” and turned behind him and said to the first one following, you sit here, then he went around the bank doing the same thing until he came up to the Loan Mgr and Bank Pres..Looked at both and said your both fired!

The President said by what athuroity, Benson said, Did you get the memo re a new owner coming in, the bank Pres said yes but I was never told who. Well you’re looking at him! Then before he left he told everyone, If I ever hear or see anyone mistreat a potential client again you will be gone before lunch!

ravectors] KajunRedBull Tom Benson. Geaux Saints!

[KajunRedBull] ravectors Tom Benson! Yes! Thanks

[KajunRedBull] Then he walked out and started to dealing with the Governor to purchase the Saints!

[jamajacks] KajunRedBull Great post! Good story! TY!

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TNT:

[oculaw] I continue to believe the RV can happen at any time. Why? because we know or are fairly certain that it was suppose to at least 2 or 3 times before. It can go any time. But we do not know the date or the rate.

[biggamehunter] Top www.Foxnews.com   story right now front page video section “Bring back the Gold Standard?”

[tommyk] The Federal Reserve Cartel: The Eight Families .   http://theinternetpost.net/2013/07/19/the-federal-reserve-cartel-the-eight-families-2/

[TRUTH] The House of Rothschild . . author of four books: Big Oil & Their Bankers in the Persian Gulf: Four Horsemen, Eight Families & Their Global Intelligence, Narcotics & Terror Network, The Grateful Unrich: Revolution in 50 Countries, Das Kartell der Federal Reserve & Stickin’ it to the Matrix.  http://deanhenderson.wordpress.com/

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Emailed to Recaps:

Subject:Thermometer

When you have an ‘I Hate My Job’ day.

Even if you’re retired, you sometimes have those days.

Try this out:

Stop at your pharmacy, and go to the thermometer section and purchase
a rectal thermometer made by Johnson & Johnson.

Be very sure you get this Brand.

When you get home, lock your doors, draw the curtains and disconnect the
phone so you won’t be disturbed.

Change into very comfortable clothing and sit In your favorite chair.
open the package and remove the Thermometer.

Now, Carefully place the thermometer on a table or a surface where it won’t
be chipped or broken.

Now, the fun part begins.

Remove the literature from the box, and read it “carefully”.

You’ll notice that in small print there’s a statement that reads:

“Every Rectal Thermometer Made by Johnson & Johnson Is Personally tested
And then Sanitized.”

Now, Close your eyes and repeat out loud five times, ‘I am so glad I do
not work in The thermometer quality control department at Johnson & Johnson.’

HAVE A NICE DAY; AND REMEMBER, THERE IS ALWAYS SOMEONE ELSE WITH A JOB
THAT IS MORE OF A  PAIN IN THE A$ THAN YOURS!

Remember, If you haven’t got a smile on your face and laughter in your
Heart…. Maybe there’s a job for you with Johnson and Johnson!

Enjoy life now – It has an expiration date!

                                                 

7. 21. 13
Yasser incumbent succeeded Association of Iraqi private banks in Iraq to pull the rug out from under those who tried to harm the reputation of banks Iraqi special purpose Aobdon inadvertently untapped opportunity crisis, the central bank and its repercussions, which dropped بتبعيتها the new administration culminated in creating a gap between them and the banks are confused reforms, the new and make it wandering in Aqrarart and swift action to be overlooked.
were economic morning has dealt with the crisis contrived calmly and was keen to clear the atmosphere and make the path of reform and processors are going in full swing after that acknowledged the central bank governor Abdul Basit Turki at the time that a lot of votes that drew criticism of the monetary policy come from non-owners jurisdiction rendering the insult to injury and said we hear proposals from owners of expertise and competence of economists فاستثمرت economic morning this view and entered initiative called through central hear the opinion of private banks procedures before they are imposed or approval and knowledge of the possibility of implementation of whether or not that is dealing with the banks on the grounds that Shepherd has been the response of the central thankfully taking this proposal culminated things to bridge the gap and the return of the proper relationship what led to the successes recorded to a central processing bottleneck exchange market Iraqi Tzbzbath Here is the dollar fails due to inclusion.
but new on the subject from my perspective as an observer that this developments managed bond investment to sit at the table working breakfast with the participation of all government and private banks and turned the meeting to assess a broad and large two policies of monetary and fiscal reach conferees to convictions of the importance of joint action and create partnerships targeted between the government and private banks were issued from the platform session proposals lead to a real contribution to the development and economic reform required.
should be noted that the recent successes Association was the result the role played by a member of the Association Handal and arm Shirvan in to pick up the role of the Association in coordination with the President Chalabi and CEO Goldfinch Falt results to be corrected in the target.
has managed these national efforts restore power to the Iraqi dinar to يتسيد currency and our hope large policy of the new administration of the Central Bank and in cooperation with banks to return to the chart that was drawn by the old administration in the delivery of the dollar exchange rate to 100 dinars, offset by $ 100 as a target gradually Aln crisis, which provoked the timely and regional conditions have prevented the goal wiping Atarepettzbzbat continuous deported to achieve goal, and now ترتسم front of me a clear picture to revive this goal through such constructive cooperation to become the value of the Iraqi dinar equivalent U. S. dollars and this goal is not far away if we let the owners of jurisdiction working together without confuse statements are not a competent by some.
these dreams may seem difficult to achieve, but I tell if accompanied by our actions selfless This is not  We hope a large private banks and government to follow the procedures for the central bank and executed via discussed together and to other successes in order to achieve the target because the Iraqi economy is strong and pick it used to be Tiger’s seventh potential large in Iraq and that you need to manage a sound and efficient This is not Besab Obaid of reach.
alsabaah. iq

7. 21. 13
Took the Association of Iraqi private banks, the central bank note of the fact that some private banks to reduce the cash dollar exchange rate to 1180 dinars.
An informed source said on Friday, said, “This reduction in the exchange rate will be effective from the next day on Sunday 21 July 2013. ”
The Central Bank hold daily sessions for the sale and purchase of foreign currencies with the participation of Iraqi banks, with the exception of public holidays in which the Bank stops for these auctions, and sales can be either in cash, or in the form of remittances sold abroad for a certain commission.
iraqdirectory. com