Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Closed End Global and Country Funds -- Ignore unavailable to you. Want to Upgrade?

To: capitalistbeatnik who wrote (212)	2/8/1998 8:02:00 PM
From: Benjamin W. Palmer	Read Replies (2) \| Respond to 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