globalHOBBIT

Gaza War: Expect a Spike in Oil, Gold

"...... but the popular feeling against Israel’s disproportionate response to rockets fired from Gaza is mounting."

If someone kept shooting rockets at you house and family for eight years and you kept asking them to please stop but the continued you'd get pretty angry wouldn't you. Hamas is a terrorist organization whereas Israel is a member state of the UN. Hamas spends the people's money on bombs and rockets NOT on schools, hospitals and roads. Oil will rise because it was oversold at $33 just as it was over bought at $147. Gold will rise as a result of the global printing presses working overtime trying to re-inflate assets because of the credit crunch. Your analysis of gold and oil seem driven and shaped by emotion rather than on solid economic facts.