"Hugo Chavez who just announced that he will not only nationalize the country's gold industry but reclaim his physical gold (however much of it may exist) from custodians such as JP Morgan and Bank of Nova Scotia. The practical implications of this move are substantial- since then gold has seen record high after record high...."
http://www.zerohedge.com/news/things-make-you-go-hmmm-such-venezuelan-dictator-bringing-down-global-gold-cartel
Max Keiser and Stacy Herbert comment on Hugo Chavez:
Also from King World News:
Ben Davies, CEO of Hinde Capital expects $2,100 gold within weeks and beyond that much higher as he mentions $5,000. He also expects silver to follow the trend. Don't miss this report here as we enter the next stage of this global financial meltdown:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/8/22_Ben_Davies_-_Why_Gold_Will_Now_Hit_$2,100_Within_Weeks.html
CLICK HERE for AUDIO INTERVIEW: http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/8/20_Ben_Davies_files/Ben%20Davies%20-%208%3A20%3A2011.mp3
...developing...
