GOLD CHART:
MAJOR FALL OF GOLD PRICE IS NOT RULED OUT ;
GOLD ABOVE $1680--------------------ZOOOOOOM TO KISS $1730-50-80-$1880
BUT BELOW $1680-MAJOR DOWN FALL UP TO $1600-1580-1540...... NOT RULED OUT
Venezuela Repatriates ‘People’s
Gold’ Due to Gold’s ‘Historic’, ‘
Symbolic’ & ‘Financial’ Value
Reuters reports the first shipment of gold bars arrived home in Venezuela on Friday “amid wild celebrations.” Excited crowds lined the roadside waving big Venezuelan flags and chanting "It's returned! It's returned!" as a convoy of soldiers and armored cars carried the gold ingots from Maiquetia airport to the central bank in Caracas. The President of the central bank, Nelson Merentes traveled into the city at the head of the convoy. He did not say how much gold bullion was brought back in Friday's shipment but said the bullion came from several European countries. "Our gold is being stored in the vaults," Merentes told the cheering crowds, sporting a baseball cap that read "The Central Bank of Venezuela with the People." "It has historic value. It has symbolic value. And it has financial value," bank chief Merentes said about the first shipment. "Each box of gold weighs 500 kilograms and is worth about $30 million,” Merentes said before cheering crowds. “We’ll bring the rest back little by little.” Merentes is in favor of the move and said, "The country's finances will be backed by autonomous wealth, so we are not subject to pressure from anyone," UPI reported. “This guarantees that if there are financial problems in the international markets our gold will be safe here at home,” Merentes said. Drums and sirens sounded out across the square as many in the crowd sang "Forward comandante!" in support of the president. Some waved homemade signs that said: "The gold has returned thanks to Chavez!" and "Long live our sovereignty!"
0 comments:
Post a Comment