I am taking the position, like all new tech, don't paint yourself in a corner. It all could change very fast. look for what they all need.
Pesos and Protests
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Re: Pesos and Protests
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From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.
For more information visit: https://www.spencerglobal.com
From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.
Re: Pesos and Protests
This article in forbes caught my attention, about the moral hazards of exchange rates in Argentina. I just happen to be in Argentina at the moment.
https://www.forbes.com/sites/morgansimo ... -cost/amp/
probably applies to a lot of things. exchange rates are generally not one I spend too much time worrying about. I take the 'faster you can break a government peg, the better for everyone' view. They are the ones ripping people off.
https://www.forbes.com/sites/morgansimo ... -cost/amp/
probably applies to a lot of things. exchange rates are generally not one I spend too much time worrying about. I take the 'faster you can break a government peg, the better for everyone' view. They are the ones ripping people off.
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
For more information visit: https://www.spencerglobal.com
From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.
For more information visit: https://www.spencerglobal.com
From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.
Re: Pesos and Protests
Diesel is now over 700. And the USD/CLP is almost 800 again.
I can't help but think the Corona virus is possibly driving the peso weaker. China shut down its entire stock market to stop the pandemic selloff.
As if Chile did not have enough to contend with with protest destruction and rebuilding that already monkey hammered the CLP
Well the government should still be tapping those billions in reserve to intervene in the CLP...I believe that chunk of reserve will run out in April or May.
I can't help but think the Corona virus is possibly driving the peso weaker. China shut down its entire stock market to stop the pandemic selloff.
As if Chile did not have enough to contend with with protest destruction and rebuilding that already monkey hammered the CLP
Well the government should still be tapping those billions in reserve to intervene in the CLP...I believe that chunk of reserve will run out in April or May.
Re: Pesos and Protests
yea, makes me always remember what my father use say when something bad would happen, "don't worry, next week you will have bigger problems".mem wrote: ↑Thu Jan 30, 2020 11:07 amDiesel is now over 700. And the USD/CLP is almost 800 again.
I can't help but think the Corona virus is possibly driving the peso weaker. China shut down its entire stock market to stop the pandemic selloff.
As if Chile did not have enough to contend with with protest destruction and rebuilding that already monkey hammered the CLP
Well the government should still be tapping those billions in reserve to intervene in the CLP...I believe that chunk of reserve will run out in April or May.
which after momentarily feeling relieved, I would say, "how the hell is that supposed to make me feel better"?
suddenly the little wankers in plaza Italia don't seem like such a threat to the economy. China not buying copper and a strong dollar, whole different level.
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
For more information visit: https://www.spencerglobal.com
From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.
For more information visit: https://www.spencerglobal.com
From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.
- 41southchile
- Rank: Chile Forum Citizen
- Posts: 2066
- Joined: Mon Jun 12, 2017 2:39 pm
Re: Pesos and Protests
Yup, while world gonna be affected economically by this. Copper down for 10th day in a row todayadmin wrote: ↑Thu Jan 30, 2020 3:00 pmyea, makes me always remember what my father use say when something bad would happen, "don't worry, next week you will have bigger problems".mem wrote: ↑Thu Jan 30, 2020 11:07 amDiesel is now over 700. And the USD/CLP is almost 800 again.
I can't help but think the Corona virus is possibly driving the peso weaker. China shut down its entire stock market to stop the pandemic selloff.
As if Chile did not have enough to contend with with protest destruction and rebuilding that already monkey hammered the CLP
Well the government should still be tapping those billions in reserve to intervene in the CLP...I believe that chunk of reserve will run out in April or May.
which after momentarily feeling relieved, I would say, "how the hell is that supposed to make me feel better"?
suddenly the little wankers in plaza Italia don't seem like such a threat to the economy. China not buying copper and a strong dollar, whole different level.
“Facts do not cease to exist because they are ignored.”
Re: Pesos and Protests
of you want to throw a conspiracy theory at this, what better way for the Chinese to screw Donald trump out of winning an election.
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
For more information visit: https://www.spencerglobal.com
From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.
For more information visit: https://www.spencerglobal.com
From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.
-
- Rank: Chile Forum Citizen
- Posts: 103
- Joined: Tue Mar 12, 2019 1:43 am
Re: Pesos and Protests
Well the peso is back above 800 again. Is this just in anticipation of the future protests that start in March?
Re: Pesos and Protests
No sir - Its because of the crater in China called covid19 and the copper price
Re: Pesos and Protests
Note to little communist wankers in plaza itialia: sorry your revolution has been canceled on account of a virus.vamoschile wrote: ↑Thu Feb 27, 2020 4:03 pmWell the peso is back above 800 again. Is this just in anticipation of the future protests that start in March?
We all got bigger problems.
Watched copper related mining stocks drop up to 8% today, and I frigen lost track of how much this weak.
I sold bunch several weeks ago, many were near 52 week highs. Then I was going to buy back many of the same stocks as they dropped back down.
I keep setting ridiculously low limit orders, watching the action on the day, I reset them even lower. They blow through my previous limit orders and come just short of my new ones.
Yea, I am probably going to get burned by that when the market reverses suddenly; but, for the moment I am willing to keep playing chicken with the bottom because I am so far past my orginal price.
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
For more information visit: https://www.spencerglobal.com
From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.
For more information visit: https://www.spencerglobal.com
From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.
Re: Pesos and Protests
I am seeing the central bank at 816 pesos to the dollar this morning.
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
For more information visit: https://www.spencerglobal.com
From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.
For more information visit: https://www.spencerglobal.com
From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.
Re: Pesos and Protests
xe
1 USD = 817.195 CLP
1 USD = 817.195 CLP
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
For more information visit: https://www.spencerglobal.com
From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.
For more information visit: https://www.spencerglobal.com
From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.
Re: Pesos and Protests
and the major markets are not open yet.
Watch out belowwwwww
Watch out belowwwwww
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
For more information visit: https://www.spencerglobal.com
From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.
For more information visit: https://www.spencerglobal.com
From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.