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Tuesday, November 23, 2010
North Korea shells southern island, no fatalities yet
North Korea fired roughly 200 artillery shells into Yeonpyeong Island and the South Korean Navy directly returned fire after 2:34 p.m. today.
The South Korean Joint Chiefs of Staff confirmed that multiple buildings on the island were destroyed by North Korean shells.
No fatalities have been confirmed by the military, but four soldiers were wounded on the island as well as two civilians. Soldiers are being taken to hospital.
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The news of this attack has thrown a wrench into the markets today. When it crossed the wires this morning I knew that it would push gold higher. Tracking it with ExactPrice has proved my gut feeling right. Silver is down though. Fear of war I think is grabbing some of the money.
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