Gold Rebounds As Kerry Criticizes Gaza Pinpoint Assault

  • Posted Monday, July 21, 2014 at 01:41 PM

Los Angeles CA, July 21 (Tangible Investments) - by James O’Dell - Gold firmed in overnight trade after easing $7.20 or 0.55 percent on Friday to finish the week at $1,310.75 an ounce while investors continued to be drawn to Gold as a safe-haven amid deepening geopolitical unrest in Ukraine and the Middle East. Silver dipped $0.28 or 1.32 percent to end the week at $20.88 an ounce, while the Gold/Silver ratio, the measure of the number of Silver ounces needed to buy an ounce of Gold, rose to 62.78.

With evidence mounting that it was indeed pro-Russian separatists who shot down Malaysian Airlines flight MH17 killing all 298 passengers and crew on board, the White House on Sunday increased pressure on Russia for supporting those accused of the downing and calling the Putin administration complicit in the tragedy. "Russia is supporting these separatists. Russia is arming these separatists. Russia is training these separatists, and Russia has not yet done the things necessary in order to try to bring them under control," said Secretary of State John Kerry on Sunday.

In Israel, military troops continued their air and ground assault on the Gaza Strip over the weekend as the death toll from the shelling mounted to more than 500 Palestinians killed, and more than 3000 wounded, many of those women and children. Secretary of State Kerry was caught on an open mic on Sunday speaking to an advisor, saying "It's a hell of a pinpoint operation," in reference to Israel's promise to use pinpoint accuracy in its shelling of Gaza. "We've got to get over there," said Kerry, as he awaited his interview on Fox News Sunday. "We ought to go tonight. I think it's crazy to be sitting around."

In Iraq, the last Christian reportedly left Mosul, Iraq's second largest city, on Saturday. The departure of the last Assyrian Christian, under threat of "death by the sword," ended more than 6,000 years of Assyrian history in Mosul. Assyrians converted to Christianity over 2,000 years ago, but when the Islamic State of Iraq and al-Sham (ISIS) demanded last week that Christians in Mosul either convert to Islam, pay a tax for being non-Muslims, leave the city or be killed, every Christian chose to leave.

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