The Last Time Gold Flashed This Warning Sign, the Market Dropped 80%

Both President Trump and Elon Musk are warning about something that could send the market down 50%, real estate down 40% and savings accounts down 30%.

The exploding device attacks dealt a major but not crippling blow to Hezbollah, analysts say

ABBY SEWELL and BASSEM MROUE
September 19, 2024

BEIRUT (AP) -- The waves of remotely triggered explosions that hit pagers and walkie-talkies carried by Hezbollah members in grocery stores, on streets and at a funeral procession this week made for an eerie and shocking spectacle.

Analysts said Hezbollah will be able to regroup militarily and find communications workarounds after the attack, but the psychological effects will likely run deep.

The explosions -- widely blamed on Israel, which has neither confirmed nor denied involvement -- killed at least 37 people, including two children, wounded more than 3,000 and deeply unsettled even Lebanese who have no Hezbollah affiliation.

The detonating devices hit workers in Hezbollah's civilian institutions, including its health care and media operations, as well as fighters, dealing a blow to the militant group's operations beyond the battlefield. It is not clear how many civilians with no link to Hezbollah were injured.

The attacks also exposed the weaknesses in the low-tech communications system the group had turned to in an attempt to avoid Israeli surveillance of cellphones.

Retired Lebanese army Gen. Elias Hanna described the attacks as the "Pearl Harbor or 9/11 of Hezbollah."

Mohanad Hage Ali, a senior fellow at the Carnegie Middle East Center think tank who researches Hezbollah, said that because the blasts hit people across the group's institutions, the attack was "like a sword in the guts of the organization." Hundreds of people were severely wounded, including many who lost eyes or hands.

"It will require time to heal and replace those who were targeted," he said.

But Hage Ali and other analysts agreed that the loss of manpower is not a crippling blow. Hezbollah leader Hassan Nasrallah has said the group's fighting force numbers more than 100,000, meaning that the attack -- as dramatic as it was -- would have put only a small percentage of its militants out of commission even if all those wounded and killed were fighters.

Qassim Qassir, a Lebanese analyst close to Hezbollah, said the detonating devices actually struck mostly civilian workers within the group and not military or security officials, which has allowed it to contain the impacts on its war effort.

Hezbollah, which is Lebanon's strongest armed force, has exchanged fire with Israel's military almost daily since Oct. 8, the day after a deadly Hamas-led assault in southern Israel triggered a massive Israeli counteroffensive and the ongoing war in Gaza.

Since then, hundreds have been killed in strikes in Lebanon and dozens in Israel, while tens of thousands on each side of the border have been displaced. Hezbollah said its strikes are in support of its ally, Hamas, and that it will halt its attacks if a cease-fire is implemented in Gaza.

Hezbollah continued to launch rockets over the border Wednesday and Thursday after the pager and walkie-talkie attacks, though at a slower pace than usual.

The impacts on Hezbollah's communications network are likely to be more disruptive than the human loss.

"Telecommunications is the nerve of military operations and communications," said retired Lebanese army Gen. Naji Malaeb, an expert on security affairs. A delay in communication could spell disaster, he said.

During a speech in February, Hezbollah's leader, Nasrallah, warned members against carrying cellphones, which he said could be used to track them and monitor their communications.

But long before that, Hezbollah relied on pagers and its own private fiber-optic landline network to avoid the monitoring of its communications.

The pagers that detonated Tuesday were a new model the group recently began using. It appears that small quantities of explosives had been implanted in the devices at some stage in the manufacturing or shipping process and then remotely detonated.

Hanna said the group might rely more heavily on its landline network -- which Israel has attempted to tap into on multiple occasions -- going forward, or on even lower-tech solutions such as hand-delivered letters.

"Maybe you have to go back to human communication, the postman," he said. "This is what is really helping (Hamas leader) Yahya Sinwar not to be targeted" in his hiding spot in Gaza.

Orna Mizrahi, a senior researcher at the Tel Aviv-based think tank Institute for National Security Studies and former intelligence analyst for the Israeli military and prime minister's office, said losing the ability to communicate through pagers is a "dramatic blow," but the militant group has other communication methods and will rebuild their communication network.

The bigger damage to Hezbollah was psychological, she said.

"It's the humiliation of having such an operation, it shows how much the organization is exposed to the Israeli intelligence," she said.

Amal Saad, a lecturer in politics and international relations at Cardiff University in Wales who researches Hezbollah, said much of the attack's impact was the "demoralization and the fear" it sowed.

"It's not just a security breach against the military," she said. "Hezbollah's entire society is going to be extremely concerned because everything is liable now to being hacked and rigged."

The group will "be rethinking many things now, not just the pagers," Saad said.

___

Associated Press reporter Melanie Lidman in Jerusalem contributed to this report.

Continue Reading...

Popular

Giving away a fortune: What could Warren Buffett's adult children support?

OMAHA, Neb. (AP) — Warren Buffett's adult children — Susie, Howard and Peter Buffett — have long track records as philanthropists, giving away more than $15 billion of their dad's money through their foundations since 2006.

2024 Oil Boom - Ad

There is a much better way to profit from oil in 2024. It's NOT oil stocks, futures, or anything you've likely heard about. In fact, one man used it build a small $1,000 investment into a $100,000 income stream over fifty years.

Betting on elections threatens confidence in voting and should be banned, US agency says

ATLANTIC CITY, N.J. (AP) — Allowing people to bet on the outcome of poses a great risk that some will try to manipulate the betting markets, which could cause more harm to the already fragile confidence voters have in the integrity of results, according to a federal agency that wants the bets to be banned.

Elon Musk: Without This Company, "Civilization Will Crumble" - Ad

Did you know that there's an investment that will give you the opportunity to collect "royalties" every time Nvidia makes a chip? Ex-Wall Street CEO Dylan Jovine calls this "the easiest windfall from the AI revolution." Even ChatGPT founder Sam Altman says AI depends on this company's work...

What's Going On With Vaccinex Stock Wednesday?

Vaccinex shares are trading lower on Wednesday after the company announced $6.2 million in proceeds from the exercise of warrants as well as the issuance of new warrants for common stock.

The "Amazon Coin" -- To Be Bigger Than Bitcoin? - Ad

Starting September 23rd, this tiny 3-cent crypto could partner with one of the biggest companies in the world... Amazon. Declassified video reveals "Amazon Coin" ahead of $27 trillion crypto revolution. One team of crypto experts have identified it as the most promising crypto of 2024.

SEC Approves Major Overhaul Of US Equity Markets, Largest Reform In Two Decades

The SEC unanimously votes to adopt new rules for pricing stocks under a penny, part of a larger market reform package. Changes aim to promote competition and reduce transaction costs.

Red-Hot AI Stock "Disappearing" Soon? (Get In Now) - Ad

Right now, there's an AI stock on the verge of being snapped up by a giant company... And when it does, its price could go flying. The potential gains could be astronomical. You want to get in before that happens... Otherwise the opportunity could pass you by. Your window to buy in is right now...

Elon Musk Comments On Why They Want To Kill Trump, DeSantis Promises Florida's Own Probe

A second assassination attempt on Donald Trump was foiled by the U.S. Secret Service while he was golfing in Florida, with political figures from both parties condemning the incident and reaffirming the importance of denouncing political violence.

Pagers that exploded in Lebanon and Syria were made by a company in Budapest, Gold Apollo says

TAIPEI, Taiwan (AP) — Taiwanese company Gold Apollo said Wednesday that it authorized its brand on the but that another company based in Budapest manufactured them.

U.S. Loses to China in Shocking WAR GAMES - Ad

Pentagon says new "living missile" key to winning a future conflict. Investors stand to reap 35,960% on shares of the small defense contractor that makes powerful new weapon.

NVIDIA, Salesforce Announce Strategic AI Collaboration: What To Know

NVIDIA and Salesforce on Tuesday announced a strategic collaboration to develop advanced AI capabilities for enterprises with autonomous agent and interactive avatar experiences. Here's what to know.

September Market Seasonality: Why This Month Is Historically The Toughest For Investors

As the market enters September, investors brace for what is historically the most difficult month of the year for equities.

Financial Nightmare Coming After Election - Ad

In 2018, one independent research predicted Kamala Harris was on her way to becoming the president of the United States. "Frankly, she scares us to death... and she should scare you," they wrote. Which is why you need to check out their newest Kamala prediction immediately.

Top 3 Tech And Telecom Stocks That May Rocket Higher This Quarter

The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.

23andMe directors resign as the CEO of the genetic-testing company seeks to take it private

NEW YORK (AP) — All of 23andMe's independent directors resigned from its board this week, a rare move that marks the latest challenge for the genetic-testing company.

4 Steps to Survive the Coming Market Crash - Ad

There are massive cracks forming right below the surface of our "shining city." These cracks are a symptom of a much bigger problem that threatens the very foundation of our country. Things are starting to unravel at a fast pace, as America sees worst economic hell our country has ever been in.

Atlantic City's top casino underpaid its online gambling taxes by $1.1M, regulators say

ATLANTIC CITY, N.J. (AP) — New Jersey gambling regulators say Atlantic City's top-performing casino, the Borgata, underpaid some of its internet gambling taxes twice by taking almost $15 million more in credits than it was entitled to.

NBA Legend Shaq Shows Off His New Widebody Carbon Fiber Tesla Cybertruck: Elon Musk Has A One Word Reaction

NBA legend Shaquille O'Neal, also known as Shaq, showed off his new Tesla Cybertruck featuring a widebody carbon fiber design, which is the first of its kind in the world.

Forget AI, Imperium Is Expected to Grow 320,000% In 3 Years - Ad

Three of the world's biggest AI companies -- Google, Nvidia and Intel -- have even partnered with my No. 1 Imperium company to get on this massive mega trend. The average investor hasn't caught on yet, but you can still invest in my No. 1 Imperium company for just $10 a share.

The 2024 Olympics were a success for Paris but a calamity for some of its businesses

PARIS (AP) — Parisian business owners and hotel managers were promised a summer like no other. Millions of tourists would flood the French capital for the and , generating huge profits for Paris and its region.

China's economy softens in August as Beijing continues to grapple with lagging demand

BEIJING (AP) — China’s economy softened in August, extending a slowdown in industrial activity and real estate prices as Beijing faces pressure to ramp up spending to stimulate demand.

Oil Surge Predicted...But Are You Ready? - Ad

Do you own oil and gas stocks? Or are you thinking about buying some? If so, you need to see my #1 oil play for 2024. But it's NOT oil stocks, futures, or anything you've likely heard about. Rather, it's an unusual way to potentially bank monthly income from the oil and gas markets.

Text of the policy statement the Federal Reserve released Wednesday

WASHINGTON (AP) — Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended:

DO NOT Make Another Trade Without Seeing This First - Ad

Starting September 23... a huge secret of the markets could help you consistently target gains like: 126%... 245%... even 463% or more... often in 30 days or less... No matter what the market does next.

Navy officer demoted after installing unauthorized satellite dish on warship to access internet

SAN DIEGO (AP) — A U.S. Navy chief who wanted the internet so she and other enlisted officers could scroll social media, check sports scores and watch movies while deployed had an unauthorized Starlink satellite dish installed on a warship and lied to her commanding officer to keep it secret, according to investigators.

4 Cryptos Set to Outperform Bitcoin in 2024 - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Flames from massive pipeline fire near Houston subside but continue burning

DEER PARK, Texas (AP) — A flame that towered over a southeast Houston suburb had subsided Tuesday, but continued to burn following after a vehicle drove through a fence and struck an above-ground valve, officials said.

Starmer and Meloni holding talks on curbing migrant boats reaching UK and Italy

ROME (AP) — U.K. Prime Minister is meeting Italian in Rome on Monday, as the two very different politicians, from left and right, seek common cause to curb .

Buffett's Big A.I. Secret (Handle With Care) - Ad

A.I. is the talk of the town...But here's what they're NOT telling you. Former investment banking V.P. Ross Givens is letting the cat out of the bag. He's leaking a revolutionary new development, which changes everything. It will kick off A.I.'s massive second wave.

GE Vernova's Gas Power Services Underappreciated & Poised For Growth: Analyst

GE Vernova upgraded to Buy by BofA Securities, price target raised from $200 to $300. Analyst sees potential in Gas Power Services.

iPhone 16 Pro Vs. iPhone 15 Pro: Should You Upgrade To Apple's Latest iPhone?

The iPhone 16 Pro offers notable upgrades in display size, processing power, camera capabilities, and battery life over the iPhone 15 Pro, but the improvements may not be significant enough to justify an upgrade for all users unless these specific features are essential to them.

This $2 Stock Outshines Historic Gold Rally! - Ad

Gold has soared 25% in the last 6 months, but this young company has more than doubled that return. With a price target nearly double its current value, it's caught the eye of 40+ investment banks and funds. Discover the name of this standout company today and see why it's a potential gold mine for investors.

Consumer Tech News (Sep 8-Sep 14): Gaming Industry Biggies Facing Accusations For Decieving Players, Apple Launches iPhone 16 & More

The tech sector is facing weakness despite AI hype. Gaming companies face accusations of overspending, while Netflix's mobile gaming catalog hits 210M downloads. Microsoft's Xbox Game Pass overhaul impacts anticipated titles. DirecTV accuses Disney of bad faith negotiations.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright finstrategist.com
Privacy Policy | Terms of Service