Last Thursday, I wrote about the “Cup and Handle” in gold. Well, here is what it looks like and what it portends:
Things are really heating up in the Middle East and the entire region is on the cusp of war. This is very dangerous:
Gaza crisis: Egyptians back under-fire Palestinians
16 November 2012 Last updated at 09:59 ET
Egyptian leaders have promised to support Gaza against Israeli attacks, as violence escalated for a third day.
President Mohammed Mursi said he would not leave Gaza on its own and condemned Israel’s “blatant aggression”, hours after his prime minister visited Gaza.
Israel mounted a huge attack overnight, targeting dozens of locations. Later, Gaza militants targeted Tel Aviv with a missile but there were no casualties.
Twenty Palestinians and three Israelis have been killed since Wednesday.
Militants and civilians, including at least five children, were among the Palestinian dead, Palestinian officials said.
Two Israeli women and a man died when a rocket fired from Gaza hit a building in the southern town of Karat Malachi on Thursday, Israeli officials said.
Israel had repeatedly carried out air strikes on Gaza, as Palestinian militants fired across the border.