What I'm Seeing in Argentina #3. 🇦🇷
Argentina update: mining and exploration news, Milei updates, cost of living insights, and recommendations for Buenos Aires.
It’s been a pretty quiet month for me here in Buenos Aires. I haven’t done much besides sorting out a US bank account, receiving some documents from Australia for my residency process, and monitoring the market. After discussing it with Ferg during our monthly mentor session, I’m feeling optimistic about what looks to be a great opportunity in the market.
I’ve mentioned this opportunity to friends and family, and naturally, I’m a bit cautious about it - but at least I have my money where my mouth is.
Options trading has been quiet; I placed a trade last week for a few hundred US dollars to keep things moving (I mentioned this in the Substack chat). Apart from that, I’ve just been eating meat and going to the gym here in Buenos Aires.
I’m holding out for some potential catalysts in the uranium market and the upcoming drill season in the Argentine Andes, which starts around September-October.
The cost of living in Buenos Aires seems to have increased - just like that - since the last ‘What I’m Seeing in Argentina #2’ article.
I think Milei and his La Libertad Avanza party are looking stronger and stronger, especially with the Kirchnerists (Unión por la Patria) coming out in support of Maduro in Venezuela. The current scandal, with authorities going through the phones of ex-Kirchnerist president Alberto Fernández, is downright exposing that corrupt political party for what it is.
Anyway, I’ll cover the usual boots-on-the-ground market news—mining and exploration updates, Milei’s progress, the cost of living, and a recommendation for Buenos Aires/Argentina enthusiasts.