Chile Peso 2018, Starts at 605.50

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Britkid
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Re: Chile Peso 2018, Starts at 605.50

Post by Britkid » Wed Sep 05, 2018 3:19 pm

UK pound did indeed very briefly hit 900 today for the first time since September 2016 - probably due to the Bloomberg Brexit report- before immediately falling back to around 890 again.
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Re: Chile Peso 2018, Starts at 605.50

Post by admin » Mon Sep 10, 2018 1:37 pm

Chile is on sale

1USD =
696.354CLP

Got trifecta:

Fed raising ratea
Copper down
China-u.s.- trump trade war.

Suspect we are going to see this continue through december at least.
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Re: Chile Peso 2018, Starts at 605.50

Post by admin » Mon Sep 10, 2018 2:06 pm

I also suspect, if even a few of those things get resolved we will see the mother of all peso rallies. Probably more towards the summer.
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Re: Chile Peso 2018, Starts at 605.50

Post by mem » Tue Sep 11, 2018 8:57 pm

Welcome to 700 CLP on the USD. It breached today

Probably because of this: Pretty interesting

https://www.zerohedge.com/news/2018-09- ... -3-minutes

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Re: Chile Peso 2018, Starts at 605.50

Post by admin » Tue Sep 11, 2018 9:31 pm

Yea seen that copper trade come up on bloomberg today. They were not that clear about what was going on with it.

Brazil also came unhinged today, with a nearly 5% drop in their market.

I am standing by to buy a bunch of emerging market stocks, but keep telling myself 'wait for it, wait for it'.

I just don't think i am going to be waiting very long.
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Re: Chile Peso 2018, Starts at 605.50

Post by jehturner » Wed Sep 12, 2018 11:17 pm

The start of the big peso slide pretty much coincided with Argentina's emergency IMF announcement (I believe coinciding with bad news from several other EMs such as South Africa, though I wasn't paying attention to the details). There has probably been significant capital outflow from Latin America and EMs in general. The Argentine peso was sliding about 4x as fast as CLP though.

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Post by eeuunikkeiexpat » Thu Sep 13, 2018 1:08 am

12/Sep/2014 - 12/Sep/2018
Screen Shot 2018-09-13 at 1.03.13 AM.jpg
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Re: Chile Peso 2018, Starts at 605.50

Post by jehturner » Thu Sep 13, 2018 10:11 am

Sorry, I meant this month and "bigger than usual" (as in 2-3% in a day, rather than cataclysmic), but interesting chart. The Peruvian Sol is looking pretty solid nowadays ... or does it just move with USD for some reason?

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Re: Chile Peso 2018, Starts at 605.50

Post by admin » Thu Sep 13, 2018 5:44 pm

1USD =
682.095CLP

Well that bounced hard off 700
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Re: Chile Peso 2018, Starts at 605.50

Post by HybridAmbassador » Fri Sep 14, 2018 4:54 pm

So Chile with its $465 billions of GDP every year, how much does it cost to acquire ? With its rich mineral resources and its productive coast line that can yield tons and tons of fresh sea food plus its salmon farming then the premium wine and agro and dairy products.. admin, do a your favorited back of a napkin calculation pronto!
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Re: Chile Peso 2018, Starts at 605.50

Post by AnciaVagar » Fri Sep 14, 2018 5:33 pm

HybridAmbassador wrote:
Fri Sep 14, 2018 4:54 pm
So Chile with its $465 billions of GDP every year, how much does it cost to acquire ? ...
If Venezuela is an example, the outsiders can make an enormous amount of money in the process of taking over. China is learning how to do it better.

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Re: Chile Peso 2018, Starts at 605.50

Post by admin » Fri Sep 14, 2018 7:22 pm

HybridAmbassador wrote:
Fri Sep 14, 2018 4:54 pm
So Chile with its $465 billions of GDP every year, how much does it cost to acquire ? With its rich mineral resources and its productive coast line that can yield tons and tons of fresh sea food plus its salmon farming then the premium wine and agro and dairy products.. admin, do a your favorited back of a napkin calculation pronto!
let me give that a shot.

1 trillion

that was the value of the chilean economy according to the last figures i seen, but my back of the napkin calculations believes that is under priced by a factor of somewhere between 3 to 10.

for example, chilean real estate is notoriously mispriced in international reports due to the way the stats are collected in chile.

chile's gold reserves and many other commodieties are very under developed, simply because there is easier money to be made for example copper.

then we have things like lithium that the international market is just getting going, and is competing with a bumch of unstable basket cases for imvestment.

cobalt, chile was once the largest producer of cobalt and is getting back in the game.

yea, 10 trillion, mas o menos. but priced to move?

10 trillion / 18 million = 550,000 per person (think i got all the zeros).

i am not sure you could get all chileans to leave for just 550,000 u.s. and a passport. sure a lot would leave, but not all. chile is worth more both in economic terms, lifetime earnings, and emotional value.

so even 10 trillion is not realy a real number. not sure how to calculate that number; but, seems it is worth at least 10 trillion on my napkin so far.
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