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Strategies & Market Trends : Closed End Global and Country Funds

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To: capitalistbeatnik who wrote (212)	2/8/1998 8:02:00 PM
From: Benjamin W. Palmer	Read Replies (2) of 289

James, Before I say anything, I must confess that I thought CH was cheap at $23 and a 19% discount. It is certainly a lot cheaper today while the discount has shrunk to about 15%. Copper prices seem to dictate the level of the Chilean market, and certainly this has been so for several months. I read a prediction today in Barron's calling for modest price rises in copper this year. For me, CH is a long-term hold as I don't see any way to make $ short-terming it. Price swings are modest and so are premium/discount spikes. Stability of the Chilean market is its attraction and I think it has been grossly oversold because of the soju effect. Good hunting. Ben

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