Venezuela's Leftist President is in China to arrange for his country to supply more oil to China. Tomorrow he meets with coal and GOLD mining companies in China to get them to develop more mining in Venezuela. Chavez hates the United States, but Columbia is on good terms with the US. The El Alacran Gold and Copper deposits could be very important to the US. Mainly the Copper. I believe that the US Government should help EAGM begin working their massive property. It's in this country's interest to keep the Copper in this region. China will come looking for Copper next and might just go to Columbia. Story about Chavez visit to Communist China is below. Another item that moves Gold prices is that it was reported from Iran today, that they are going to announce in a few days that they now have the Atomic Bomb! Israel, as reported by the Jerusalem Post, says that they will take care of Iran if the rest of the world ignores the problem. Good for gold! Chavez story below:
Chavez was also to meet with Chinese executives this week to discuss developing his country's coal and gold resources.
The Venezuelan leader plans to visit the eastern city of Jinan to meet with coal and gold mining companies, Dow Jones Newswires has said, citing an unidentified official accompanying him.
