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CONFIRMED: South Korean Ship Goes Down, Gold Soaring
The Business Insider ^ | 3-26-2010 | Joe Weisenthal

Posted on 03/26/2010 9:11:35 AM PDT by blam

CONFIRMED: South Korean Ship Goes Down, Gold Soaring

Joe Weisenthal

Mar. 26, 2010, 11:29 AM

Update 2: According to YONHAP news agency, 104 sailors were on board and only 58 have been accounted for.

Update: And now WSJ says a Korean ship went down near the border, probably due to a torpedo.

Original post: Check out gold! Rumor going around has to do with hostilities between the Koreas.

This comes the same day comments from North Korean media about Kim Jon Il wanting to drop a nuke on the west, so you can see why folks are jittery.

[snip]

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: asia; international; korea; nkorea; politics; skorea; war
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To: rightwingintelligentsia

Yes, CNN confirms as well.

http://www.cnn.com/2010/WORLD/asiapcf/03/26/south.korea.ship.sinking/?hpt=Sbin


21 posted on 03/26/2010 9:18:27 AM PDT by winoneforthegipper ("If you can't ride two horses at once, you probably shouldn't be in the circus" - SP)
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To: rightwingintelligentsia

Folks, the NKs are betting on Obama flinching...they might be right.


22 posted on 03/26/2010 9:18:38 AM PDT by Braak (The US Military, the real arms inspectors!)
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To: blam

Please...you people...It’s not official until OUR Dear Leader says so. Besides it’s their business and we don’t need to be Europe to protest and say bad things about us again????/s


23 posted on 03/26/2010 9:19:24 AM PDT by Dallas59 (President Robert Gibbs 2009-2013)
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To: wolf24

We have no confidence among our friends under this lout. So...that about spells it no?


24 posted on 03/26/2010 9:19:28 AM PDT by crz
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To: blam
Updated March 26, 2010

South Korean Navy Reportedly Shoots at Unidentified Ships Near North Korea

FOXNews.com

The South Korean navy reportedly shot at unidentified ships near North Korea and is investigating whether a sinking ship in its navy was hit with a torpedo near the maritime border with the communist North.

The South Korean navy has reportedly fired shots at unidentified ships in the direction of North Korea as it investigates whether a sinking vessel in its fleet was struck by a torpedo Friday.

Military officials said the 1,200-ton ship Cheonan was patrolling in waters south of the maritime border with North Korea when an explosion occurred at the stern of the ship, which carries a crew of 104 sailors, KBS World Radio reported.

South Korean broadcaster SBS said many of the sailors were feared dead, as the country's president, Lee Myung-Bak, called an emergency meeting of security-related ministers.

Twenty-four sailors have been rescued from the vessel, officials told the Korea Herald, and navy ships and helicopters continue to circle in an attempt to save more crew members, KBS World Radio reported.

There was no word on the cause of the explosion or any casualties, but officials did not rule out the possibility of an attack from North Korea.

South Korea's YTN TV network said the government was investigating whether the explosion was caused by a torpedo attack from the North, and KBS reported news that the another South Korean ship fired at unidentified vessels while patrolling nearby waters

25 posted on 03/26/2010 9:19:29 AM PDT by spectre ( Spectre's wife)
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To: rightwingintelligentsia
North Korea Threatens "Unprecedented Nuclear Strikes" On America
26 posted on 03/26/2010 9:20:05 AM PDT by blam
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To: blam

Testing the lack of leadership in this country.


27 posted on 03/26/2010 9:20:26 AM PDT by crosshairs
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To: blam

LOL Soaring alright! From 1095 to 1105! WOW!!!!!!!!


28 posted on 03/26/2010 9:20:35 AM PDT by US_MilitaryRules (Where is our military?)
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To: blam
comments from North Korean media about Kim Jon Il wanting to drop a nuke on the west

The sinking is a big deal, but "Sea of fire"-type shrieks from the DPRK make for a weird kind of morning ritual for those nuts --sort of you and me stretching out, or making some toast and coffee.

The sinking is a big deal. This is their way of demanding money. My guess is that the latest bag of loot from the PRC was substantially lighter than the DPRK's had been expecting.

Next step: They start proliferating LIKE CRAZY, while Obama talks realllllly sternly and does NOTHING. Then SK will begin major new efforts towards SDI & inquires about heavier AEGIS purchases. And Japan will announce stepped-up dev of their own advanced stealth aircraft.

Then a major arms race in Asia speeds up and all Taiwanese begin to sweat.

29 posted on 03/26/2010 9:21:02 AM PDT by TokuMei
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To: Braak

I certainly don’t have any doubt. Why would they?


30 posted on 03/26/2010 9:21:05 AM PDT by twigs
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To: rightwingintelligentsia
No, he’ll recommend the South surrender immediately.

No, Obama will take the opportunity to attack S. Korea himself.

31 posted on 03/26/2010 9:21:08 AM PDT by The Duke
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To: autumnraine

The 2 countries are still technically at war.


32 posted on 03/26/2010 9:21:20 AM PDT by C19fan
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To: wolf24

“Anyone else not exactly inspired with confidence in our current CIC should this thing go hot?”

Say good bye to South Korea and all of our troops stationed there.


33 posted on 03/26/2010 9:21:41 AM PDT by CSI007
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To: blam

If I’m reading the gold chart correctly, it turned on a dime the very instant (1345 GMT / 0945 NY) that this happened. It’s now over the magic $1100 level and appears to have already “tested” $1100 for support. “They” can slam it ten bucks in ten minutes though as we see regularly.


34 posted on 03/26/2010 9:21:48 AM PDT by jiggyboy (Ten per cent of poll respondents are either lying or insane)
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To: Braak

Joe Biden was just a year late with his prediction


35 posted on 03/26/2010 9:22:31 AM PDT by thecabal (Destroy Progressivism)
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To: blam

The maoist touted his reduction in nuclear arms as a lesson for North Korea and Iran to dismantle their nukes too.

We are setting an example, says the terrorists’ best friend.


36 posted on 03/26/2010 9:22:32 AM PDT by Carley (Are you better off than you were four trillion dollars ago?)
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To: blam

Paging Obama!....Paging Obama!

Let’s see how his community organizing skills handle this!


37 posted on 03/26/2010 9:22:36 AM PDT by AngelesCrestHighway
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To: blam

38 posted on 03/26/2010 9:22:40 AM PDT by Doogle (USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated)
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To: blam

Joy. Tonkin redux. Let’s see all the facts before we start the draft.


39 posted on 03/26/2010 9:22:57 AM PDT by Palter (Kilroy was here.)
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To: crosshairs

No test required.....it’s been proven, unfortunately, over and over again, under this adm..............


40 posted on 03/26/2010 9:23:38 AM PDT by soozla (.........give me a break.............)
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