A Ray of Hope

One of the stock positions that I have is Crystallex (KRY), which is a Canadian gold mining company. The gold deposit that they have been developing is one of the largest left in the world, but is located in Venezuela. All of their plans have been laid out, the tests have been done, the equipment is ready, and everything is apparently in order. They have all of the permits required in order to start mining the gold, except one. That last permit that they need, of course, has to be approved by none other than Hugo Chavez. They have been waiting and preparing for the permit approval for quite some time. I was reading something recently that the infamous Hugo Chavez has been having some political problems, tough opposition, and unrest among the people lately. So, considering the number of jobs and income the gold mine would bring, hopefully Hugo will use the mine permit as leverage to help earn the approval of the people.