Venezuela to take over some private gold mines

The Business Times (Singapore) ^ | December 29, 2008 | none credited

[LegendHasIt]

Here is another article... Can't believe I missed it earlier... Potentially a bigger story since it is an even larger producer than Venezuela:

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Guinea coup brings new uncertainty to the country's mining sector. Gold mining suspended: -----------------------------------------------------------
Dang, I was hoping to see the price of gold to go down a bit in the next couple of days, as I wanted to buy a bit. Guess that is unlikely to happen.

[LegendHasIt]

Yep, Big price spike already: ~ $880 an ounce.... (Although that usually happens right after the market opens anyway)

[fella]

I wonder if this will give our own Dear Leader any ideas.

He knows for a fact that there are two very large gold mines on Capitol Hill with a potential one just across the street.

[justa-hairyape]

Major commodities spiked a little at opening then fell back. Oil now going back up. Oil will probably be leading the way here. At historic lows with Israel basically declaring War on Hamas. The key factors will be regional middle eastern player reactions and the length of this war.

[justa-hairyape]

historic lows should read 2008 lows. Although it seemed like an eternity, 2008 was only 1 year.

[ml/nj]

'We are taking back some concessions that former governments have given, and whose permits are still held by some rich people,' in order to reduce public reliance on oil,

What a great line! Will the Anointed One use it here?

ML/NJ

[trumandogz]

Where do all the people that voted for and signed legislation to pass the Trillion Dollar Nationalization of the banks and Wall Street?

Do you like that Socialism?.

[Dallas59]

That's only the first step. Once Chavez and Ayers become a regular at the White Peoples Revolution House and we are all arrested...then I'll declare full Socialism for the USSA.

[sinanju]

Not to worry, under Big “O”’s leadership, we will soon catch up to Hugo.

[myknowledge]

The ugly face of Venezuelan Socialist Chavezism.

[Tarpon]

Socialism needs more free pies, STAT.