Friday, May 16, 2008

Watch mining shares drop and gold prices go up?

Venezuaea stops open pits and gold mines

Environment Minister Yuviri Ortega said the South American country will not give permits for any open-pit mines and will not allow companies to look for gold in its vast Imataca Forest Reserve. "Venezuela will deny environmental permits for the open-pit mine exploitation," Ortega told Reuters in an interview. "Neither private or public companies will for now explore Imataca's gold." Is this Chavez turning all green on us, or just trying to boost the value of his gold reserves, or thirdly sees America is struggling and has decided to twist the knife

Posted by afrobaggie @ 08:03 AM (610 views)
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3 thoughts on “Watch mining shares drop and gold prices go up?

  • Oops that should say Venezuela – obviously.

    There is a 4th alternative and that this part of S2r1 turning point in global consciousness…

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  • dohousescrashinthewoods says:

    Thirdly – would fit with his game to date.

    I can see the USA collapsing and South America, which has natural resources and does “real stuff” flourishing in the coming decades.

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  • ——–and—— all the time ——-Attracting the attention of the Republicans !!!!! Who are getting pretty annoyed with lots of Countries and wondering who to deal with first. North, South, East or West ? Small problem for a ‘World Power’. Ask the Romans.

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