Israeli ground forces are looking to invade the Gaza strip for the first since the 2009-2009 winter as Egypt and Turkey attempt to end the scuffles that have killed 96 Palestinians and three Israelis. The decisions either to expand bombing Gaza or reach a cease-fire agreement “is rapidly approaching, and is a matter of hours, not even days,” said Israeli Finance Minister in an interview today on Army Radio. (Read more…)
Last time Israel bombed the Gaza Strip was in late December 2008 as gold began a spike around Christmas, running from $840-$850. The metal ran to $910 towards the end of the conflict.
Silver wasn’t much different, running around Christmas from around $10.25 to $11 bucks, but was, by the war’s end, around $12.
This is no reason to cheer for war, however, as surely plenty of sick gold traders do. The real tragedy here are the people of the Gaza Strip and Israel who are being used as pawns by the OG Pirates. Generally speaking, conflict sends gold higher, as it is a fear trade. If Israel continues its aggression, except silver and gold to move upwards in the coming few weeks.
[VIA Silver Vigilante]