Hugo Chavez Announces He Will Nationalize Venezuela's Entire Gold Industry

Hugo Chavez Announces He Will Nationalize Venezuela's Entire Gold Industry

This is Gold price bullish. Lets see how Gold has reacted on hourly TF since last couple of days so get an idea what was it discounting and how did it react on the news if it did.

Didnt react much on the news -- but to us long term, this issue would be the spreading across the globe as we move into politically unstable years and unstable governments with highly leveraged balance sheets, Gold would be an asset in demand everywhere.