eldenfrente

Venezuela Gold Miners: 'Misappraised'

Wow! What's Mr. Bennett inhaling?
With all due respect, and having recently returned from Vzla., his comments are way off the mark, as per events. For starters, and if you understand Spanigh, do not miss Chavez's interview with Univision journalist Jorge Ramos. Every single pledge he made there, regarding Cuba, private enterprise, etc., etc. has been broken. Ramos openly calls this "mentiras." Lies. Chavez ruled via decree and backed by a supine Supreme Court. There's no rule but his and whimsy marks his style. And in traditional LatAm style he considers mineral deposts as an intrinsic part of "the nation."
Speaking from experience, the concept of rule of law can be found (sometimes barely) in just a few countries of LatAm: Chile (a real independent judiciary), Costa Rica, Uruguay, Panama and Brazil. Caveat emptor!

www.youtube.com/watch?...

Argentina to Default?

Leoncio, in his typically Argentine outburst, may be right about the lack of hard facts that support Nusbaum's words. However, in typically Argentine way, he overlooks the importance of sentiment and perception in markets. The country's leadership (?) is doing a fine job of digging the country into a factual and perceptive hole. Anything can happen there... as it did when the currency "intangibilidad" law was passed and then promptly shredded. Argentina: "un pais en serio... con vocacion de contramano."