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Dan, have you ever been to Chavez' Venezuela?
Well, there goes Hugo Chavez again acting like a ruthless dictator; granting amnesty and pardoning his opponents that planned and participated in the 2002 coup to overthrow him....
Venezuela's Chavez grants amnesty in coup
Tue Jan 1, 2008 5:57am IST
.CARACAS (Reuters) - Venezuelan President Hugo Chavez said on Monday he will pardon opponents accused of participating in a coup that ousted him briefly five years ago, a conciliatory move after a stinging electoral defeat this month.
Chavez said he would publish the law in a day or so to show the government did not persecute its political rivals.
(snip)
It was not immediately clear how may people would benefit from the amnesty, which also wipes the legal slate for people involved in a shutdown of the South American nation's vital oil industry and smaller attacks on the government.
The left-wing Chavez has long faced fierce opposition from middle-class and wealthy sectors of society who have been sidelined by his policies, which are focused on the poor who make up the bulk of his supporters
Reuters
The gull of this guy...what's next? healing the sick?
Dan, have you ever been to Chavez' Venezuela?
Single trader behind oil record
The man behind the record rise in oil prices to $100 a barrel was a lone trader, seeking bragging rights and a minute of fame, market watchers say.
A single trader bid up the price by buying a modest lot and then sold it immediately at a loss, they said.
The New York Mercantile Exchange confirmed that US crude oil futures traded just once in triple figures.
But prices have since remained below that historic level and market analysts questioned the validity of the trade.
Stephen Schork, a former floor trader on the New York Mercantile Exchange and the editor of an oil market newsletter, said one floor trader bought 1,000 barrels, the smallest amount permitted, and sold it immediately for $99.40 at a $600 loss.
"They absolutely overpaid," he told Radio Four's Today Programme.
"He paid $600 for the right to tell his grandchildren that he was the first in the world to buy $100 oil."
Most trading in energy futures has shifted away from the trading floor and takes place on electronic platforms.
The NYMEX, along with the Chicago Mercantile Exchange is one of the last bastions of "open outcry", where traders use frantic hand signals to trade securities.
In London, open outcry trading still takes place on the London Metal Exchange, where aluminium, copper and zinc are traded.
The supporters of electronic trading claim that it is faster, cheaper, more efficient for users, and less prone to manipulation by market makers.
The dwindling liquidity on the NYMEX trading floor has led to considerable speculation that the exchange will soon shut down the trading floor to cut costs.
http://news.bbc.co.uk/2/hi/business/7169543.stm
Mission accomplished!
Come on Dan. You don't really believe that do you? Are you that gullible?
Oil prices do not cause gold prices to change. Both are world commodities. The devaluation of the dollar has most the effect doesn't it? Even for the markets. The farther our dollar drops, the more people pull money out of the market to place in foreign markets. As long as we have a declining dollar, that is the smart move. When the dollar stabilizes at what ever point it will, that is when the investors will sell gold and foreign stocks, and reinvest in our markets.
Follow the money. Not the Lemmings and propaganda.
rack the extra stout
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