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Gold Reaches High of Three Months

August 28, 2013 By Michael Turner Leave a Comment

As tensions over Syria increased, so did the price of gold. The price of the precious metal is close to 20% higher from its low of 34 months on June 27. As of 11:00 am ET on Wednesday gold was selling at $1,433, an increase of 1.3%.

The rise in the price of the precious metal can be attributed to the widespread speculation about the possible attack by Western forces against the country of Syria, causing investors to find a safe haven for their assets. Silver was also up hitting a high of four months on Wednesday morning.

If Gold can reach $1,440 and close there it would be at its highest price since mid May and 20% higher than is near three year low, which would make it a bull market.

Silver climbed on the day by 2.6% and is now at $25.10 an ounce, which is its highest price since mid April.

Any military response would focus on the weapons capabilities of Syria and would not be aimed at the deposing of current President Bashar al-Assad, insisted officials from the UK and U.S.

David Cameron the Prime Minister of the UK said that even though no decision has been taken on what course of action to proceed with, it would be proportionate and legal.

Increasing demand for bars, coins and jewelry in Asia has helped prices of gold rally over 19% since last June.

Bullion is set to have its first annual decrease in more than 13 years after many investors started losing faith in the precious metal, which spurred the mining industry to have over $26 billion in write downs and huge losses for hedge fund manager billionaire John Paulson.

Filed Under: Finance, Headlines

Two Children Strangled by Snake

August 16, 2013 By Michael Turner Leave a Comment

Two boys who were visiting at one of the friends were killed after a snake escaped and strangled them. The boys were sleeping overnight at their friends who lived above a pet store.

A snake was able to escape from his cage at some point and killed the two children in New Brunswick Canada, said police.

The Royal Canadian Mounted Police, in a prepared statement, said it was their belief that the reptile strangled the two boys who were just five and seven.

Police said the snake slipped from its cage during the night and travelled through the building’s ventilation system.

Police were able to capture the serpent following the attack on the children. On Monday, police were called to the apartment where they found the two boys dead.

In the police statement, they said that following a preliminary investigation they were led to surmise that a large snake escaped its cage sometime over night and made its way upstairs through the ventilation system.

The two boys will have autopsies done. The two are thought to be brothers who are just two years apart in age. No one has been charged as of yet with any crime.

In Campbellton, the town where the tragedy occurred, the deputy mayor said everyone in the area was still in shock.

Experts when asked said that exotic snake attacks are very rare.

A director of a Zoo in Canada said it was difficult to believe an attack of that nature occurred since it was very extraordinary and highly improbable.

In a message on Facebook, the store where the snake was kept said its deepest sympathies went out to the family of the two boys.

The business said it was temporarily suspending its account online due to too many users posting comments that were very demeaning.

Early reports said the reptile was a boa constrictor, but officials were able to say later that it had been an African rocky python.

Filed Under: Headlines, Life

Driver runs down Pedestrians on Venice Boardwalk

August 4, 2013 By Michael Turner Leave a Comment

On Saturday evening, witnesses said the driver of a car methodically and purposely plowed into groups of people on the Boardwalk in Venice, California. The driver’s action killed one person and injured at least 14.

Two of the injured were in serious condition, two were listed as critical and 10 others had varying degrees of injuries. In all, 10 people were transported to the hospital, including the one who died in route.

Authorities said the accident took place on Saturday after 6 p.m. local time. Police were told by witnesses that the car’s driver looked as if he was in control of his vehicle and was deliberately attempting to hit the people on the boardwalk.

One witness was enjoying the late afternoon sun when the incident took place and said the scene was gruesome and very bloody. She said blocks and blocks of people were tossed about on the sidewalk.

The driver was able to flee the scene of the incident. About one hour later, just when police were starting to circulate world about a black Dodge, a man entered a police station in Santa Monica, a neighboring city.

The man told officers he had been involved with an incident on the boardwalk. A car was later located close by that police believe was the one use by the man.

The man was still being questioned hours later and police were trying to determine if he had been the driver. No names were given of the person killed or of the person of interest.

The security video and accounts from witnesses indicate the man was wearing a baseball cap, white pants, gray shirt and was parked near the Cadillac Hotel.

The video showed him twice leaving his car and entering the pedestrian area, before returning to the Dodge Avenger making his way around the yellow safety poles that are supposed to prevent vehicles from the pedestrian only area.

Filed Under: Headlines, Travel

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