Chile's Place in Latin America

Chile Investment, how to invest in Chile, what to watch out for when investing, economic issues, currency exchange in Chile, and more.
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Re: Chile's Place in Latin America

Post by admin » Mon May 28, 2018 12:11 pm

Here is an intresting article about a down turn in latin america turning in to a spanosh crisis due the ober exposure or dependence of spanish companies on latin american operations.

https://wolfstreet.com/2018/05/12/whos- ... n-america/
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Re: Chile's Place in Latin America

Post by eeuunikkeiexpat » Mon May 28, 2018 12:37 pm

admin wrote:
Mon May 28, 2018 12:11 pm
Here is an intresting article about a down turn in latin america turning in to a spanosh crisis due the ober exposure or dependence of spanish companies on latin american operations.

https://wolfstreet.com/2018/05/12/whos- ... n-america/
Decent read as compared to the MSM and other so-called "alternative" crap and of course, like most, based on this assumption which the writer clearly states:
At the moment, as long as the US dollar and US yields continue to rise, emerging market jitters can be expected to grow.
It was and still is about the reserve currency status of the dollar and who has even more debt than the developing countries and in their own currency that they can print unlimited amounts of? Tick...tick....tick....
There are two ways to be fooled.

One is to believe what isn't true;

the other is to refuse to believe what is true.

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Re: Chile's Place in Latin America

Post by admin » Mon May 28, 2018 1:48 pm

Chile's central bank statements about the currency moves:

https://mobile.reuters.com/article/amp/idUSKCN1IQ323

Interesting they state that argentina is only 1.5% of chile's trade.
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Re: Chile's Place in Latin America

Post by HybridAmbassador » Mon May 28, 2018 4:39 pm

I heard that Xi Jingpin bought Chile's Lithium mine so they now control 70% of all Lithium share of the world?

As China ties up global lithium, Asian rivals must bet big on South America..

SANTIAGO/VANCOUVER (Reuters) - South America’s lithium triangle is the lowest-cost place to produce the vital battery ingredient, but political hurdles will require Japanese and South Korean companies to make big investments to crack into the region as they chase Chinese rivals who have tied up resources in other parts of the world.

https://uk.reuters.com/article/uk-chile ... KKCN1HD2NU
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Re: Chile's Place in Latin America

Post by admin » Tue May 29, 2018 10:37 am

That is bullshit the political left is pushing to try and block the deal with sqm in front of the competition authority.

Those three companies in no way make up 70% of the lithium supply, except in some magic math the latin american socialist seem to only use.

Even if it was, the competion authority in chile really has no mandate to police the global monopolies.

Let me put this in perspective. The chinese company bought 25% of sqm A shares for 4 billion u.s. Sqm is pushing about 40,000 tons of lithium a year currently, with up 2 million potential in their mine, and expansion plans to 180,000 tons in 3 years.

Sqm, currently, has about 35% of the market or less.

I just bought a junior explorer that is sitting on 6 million tons, of high grade, cheap to extract lithium, so far. Their market cap is like 12 million dollars. I dont normally buy lithium junior, penny stocks, except this one has a particularly cheap cost of production that can be quickly brought to market.

So one very minor junior lithium company could in theory crush the three biggest producers total output with one mine (with a 200,000 to 300,000 tins a year total).

What is going to control lithium, is who is the lowest cost producers when the music stops. Can they say make money, when lithium is below $10,000 or $5,000 per ton. All those expensive hard rock lithium projects will literally evaporate if the price of lithium drops. None of that has anything to do with who owns sqm, and is the exact opposite of a monopoly beyond that sqm is one of the lowest cost producers in the world and might survive such a dowturn in price.
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Re: Chile's Place in Latin America

Post by admin » Wed May 30, 2018 6:07 am

Looks like the market fx and bond Velociraptors, after stopping for a snack in argentina and turkey, have moved on to bigger game: italy.

The thing that is striking about the mess in europe, is how similar it is to the mess in argentina. Specifically countries or provinces being able to take out loans on their own and stick the overal community with the bill, while also not realy being able to control their currency. Europe just happens to be many magnetudes greater. Argentina does not pose a global financial risk. Out of control inflation in europe, has the potential to really bring that euro experiment to an abrubt end.
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Re: Chile's Place in Latin America

Post by admin » Wed May 30, 2018 6:10 am

Interesting that gold is getting no love with all the market so jumpy. Bonds moved a bit, but not gold.

Not sure how to read that.
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
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Re: Chile's Place in Latin America

Post by admin » Wed May 30, 2018 6:19 am

Brazil seems like it is the next crisis brewing in the neighborhood, although sometimes hard to tell. They always seem to have some crisis simmering on the stove. Just a matter of which one will boil over this year.
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Re: Chile's Place in Latin America

Post by 41southchile » Wed May 30, 2018 8:26 am

Interview with Felipe Larrain Chile finance minister
http://www.latinfinance.com/web-article ... -in-motion
Ignorance more frequently begets confidence than does knowledge: it is those who know little, not those who know much, who so positively assert that this or that problem will never be solved by science. - Darwin

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Re: Chile's Place in Latin America

Post by eeuunikkeiexpat » Wed May 30, 2018 9:56 am

admin wrote:
Wed May 30, 2018 6:10 am
Interesting that gold is getting no love with all the market so jumpy. Bonds moved a bit, but not gold.

Not sure how to read that.
Even the top gold haters within the elite will admit the market is totally controlled by paper contracts and for good reason if you are a fiat central banker type.
There are two ways to be fooled.

One is to believe what isn't true;

the other is to refuse to believe what is true.

- Søren Kierkegaard

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Re: Chile's Place in Latin America

Post by 41southchile » Wed May 30, 2018 11:14 am

Spanish article this time
http://www.latinfinance.com/web-article ... -in-motion
Seems tourism has been overtaken by science in mentions of Chile in overseas media, last year. Mostly the very cool space stuff they are doing up in the desert and a few other bits and pieces to do with science.
Ignorance more frequently begets confidence than does knowledge: it is those who know little, not those who know much, who so positively assert that this or that problem will never be solved by science. - Darwin

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Re: Chile's Place in Latin America

Post by at46 » Wed May 30, 2018 3:25 pm

eeuunikkeiexpat wrote:
Wed May 30, 2018 9:56 am
admin wrote:
Wed May 30, 2018 6:10 am
Interesting that gold is getting no love with all the market so jumpy. Bonds moved a bit, but not gold.

Not sure how to read that.
Even the top gold haters within the elite will admit the market is totally controlled by paper contracts and for good reason if you are a fiat central banker type.
If the EU countries are to abandon euro and go back to their original currencies, while the US/China burn their dollar debts in the furnace, the only way to buy gold is to buy physical, and who's gonna raise their butt to do that? :)

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