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Thursday, October 28, 2010 12:00:55 PM
All the list of three will be resolved next week. Still looking for an announcement by end of November. Just my guess. But I think that the informal, noncorporate, unvarifiable, information out there is starting to narrow the timetable.
Some of this is just the normal "Koolaid" BUT other information, from what I consider honest individuals is pointing to a final resolution to what we have waited a long time for.
Remaining public holiday in Chile before Christmas is November 8th which is a Monday. IMO, look for announcement on any of the following Mondays through the end of the month. An announcement should come after the market closes on one of these days.
Hold what you want over the weekends so not to be left short. The weather on the mountain is not a factor to either speed up or slow down this process. The temp is in the 80s this week and winter does not set in until April.
Commodity prices will hold or move up so long as the dollar stays weak. This will not change until after the new congress is seated in February. The only thing that changes this is a negative world event that brings investments back to the US as a safe haven.
If this is going to happen, November is a good bet, with a early December being the outside IMHO. I look for a AGM in early Janaury. (That should make all you snowbirds happy).
If your IN, Your IN.
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