Pesos and Protests

[admin]

By the way, in a middle east oil disruption of any size, green energy related investments is like a mega leveraged play on oil; while it takes a bite out of the energy market permanently.

Yes, green energy investment are a nice play at the moment as diesel starts to hit 700 CLP.

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.

[admin]

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.

[mem]

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.

[admin]

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.

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".

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.

[41southchile]

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.

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".

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.

Yup, while world gonna be affected economically by this. Copper down for 10th day in a row today

[admin]

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.

[vamoschile]

Well the peso is back above 800 again. Is this just in anticipation of the future protests that start in March?

[mem]

No sir - Its because of the crater in China called covid19 and the copper price

[admin]

Well the peso is back above 800 again. Is this just in anticipation of the future protests that start in March?

Note to little communist wankers in plaza itialia: sorry your revolution has been canceled on account of a virus.

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.

[admin]

I am seeing the central bank at 816 pesos to the dollar this morning.

[admin]

xe

1 USD = 817.195 CLP

[admin]

and the major markets are not open yet.

Watch out belowwwwww