US sends warships, ammunition to Israel after surprise attack; death toll may include Americans: Updates
The rapidly intensifying war between Israel and Palestinian militants roared through a second day Sunday, with the Israeli Security Cabinet formally declaring war and the death toll closing in on 1,000 — a figure that may include some Americans.
More than 600 Israelis have been killed since Hamas militants began their assault Saturday on almost two dozen Israeli towns and army bases, ZAKA, a volunteer group that handles human remains after terror attacks, told Israeli media. ZAKA said 250 bodies were found at a music festival near the Gaza border.
Dozens of Israelis, and apparently some Americans, were taken hostage, officials on both sides said. Palestinian authorities said more than 300 fighters and civilians have been killed by Israeli counterattacks in Gaza. Each side reported thousands of wounded.
The violence began Saturday, when the first of thousands of rockets fired from Gaza pounded parts of southern and central Israel, including Tel Aviv and Jerusalem. Hamas militants infiltrated Israeli areas near the Gaza border, killing and wounding civilians and Israeli security forces and taking hostages, prompting the Israel military to strike back.
Secretary of State Antony Blinken said U.S. officials are working to verify reports that several Americans have been killed and others taken hostage.
Palestinian Prime Minister Mohammad Shtayyeh blamed Israel for the war, accusing it of “creating a climate of hatred, violence, incitement, and violating international law.‘We are at war:’Israel’s Netanyahu says as Hamas launches surprise multi-front attack
So, what does mean for gold and gold shares?
As I write this we have gold trading up $17 at $1850 as of 9:07 EST
Perhaps the full effect will be as the markets open in the morning in the U.S. Don’t forget that Monday is a Canadian Holiday, ‘ThanksGiving’ and their markets are closed.
In my opinion, the low for gold and shares is in place and we are ready for an upside surprise.
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The Power of the Almighty Warrant – In Action – Collin Kettell – CEO Palisades Goldcorp
Stock Warrants vs. Stock Options: What’s the Difference? – Investopedia
Today’s Jobs Report: The Low For Gold? – Morris Hubbartt on 321Gold.com
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