Archive

October 2024

Browsing

The “Magnificent 7”, comprised of Apple (AAPL), Microsoft (MSFT), NVIDIA (NVDA), Meta Platforms (META), Amazon.com (AMZN), Alphabet (GOOGL), and Tesla (TSLA) have carried the S&P 500 during this secular bull market – since its breakout in April 2013 above its 2000 and 2007 highs. Here’s a weekly chart of the S&P 500 during this secular bull market, with 7 price panels below, each highlighting the relative strength of one of the Mag 7 stocks:

These Mag 7 stocks have seen their market caps EXPLODE during this bull market and they’ve become a larger and larger representation of the S&P 500 as a result, because the S&P 500 is a market-cap weighted index.

Heading into their next earnings reports, however, I only see 3 of these 7 stocks showing solid relative strength vs. its peers – AAPL, NVDA and META. In my opinion, NVDA is the strongest and is likely to have a very strong run higher into its November 20th quarterly earnings report. Check out its excellent relative strength and rising AD line:

It’s hard to find something not to like about NVDA’s chart. The AD line has continued to climb, even while its price was consolidating/declining. Relative strength has done the same. The overall market must face the worst week of the year historically this upcoming week, but otherwise, the coast is clear for yet another breakout on NVDA.

During my weekly market recap, “Which Mag 7 Stocks Should YOU Own?”, I discuss the charts of all Mag 7 stocks, along with an overview of last week’s stock market action. I showed a few interesting RRG charts to easily visualize strong areas of the market. Be sure to check out the video by clicking on the link above. Also, I’d really appreciate you hitting the “Like” button and the “Subscribe” button, as we build out our YouTube community. Thank you so much!

Relative Strength

I cannot overemphasize the importance of relative strength, especially when it comes to quarterly earnings reports. Wall Street talks to company management teams throughout the quarter and gets a strong sense of which companies are executing their plans flawlessly and which companies aren’t. This shows up in their stock price and how they perform relative to their industry peers. I’d struggle to trade during earnings season without this one very critical piece of technical information.

Intuitive Surgical (ISRG) is an example of a stock showing excellent leadership among its peers. When its quarterly earnings absolutely blew away estimates, I was not surprised at all. The big Wall Street firms have been accumulating ISRG for months and months and clearly showing on the chart that ISRG was the best of breed. Check out ISRG’s relative strength and AD line heading into earnings…..and then its earnings reaction on Friday:

On the heels of beating both revenue and earnings estimates, ISRG jumped to a new all-time high. Owning stocks like ISRG will help you outperform the S&P 500 and will also help you meet your financial goals.

On Monday, I’ll be providing one of the best stocks, in terms of relative strength, that will be reporting in the week ahead. Simply SIGN UP for our FREE EB Digest newsletter (no credit card required) and we’ll send this chart to you first thing Monday morning!

Happy trading!

Tom

Havilah Resources Limited (Havilah or the Company) (ASX: HAV) is pleased to report that it has entered into binding agreements with Heavy Rare Earths Limited (ASX: HRE) relating to a portion of its extensive uranium exploration assets in the Curnamona Province of northeastern South Australia (Figure 1).

HIGHLIGHTS

Binding agreements signed with Heavy Rare Earths Limited (HRE) conferring exploration and mining rights for various high calibre uranium assets on certain of Havilah’s exploration licences (Uranium).Effectively monetises a portion of Havilah’s remaining uranium assets, providing Havilah with potentially significant uranium market exposure and uranium project development upside.

The Uranium assets include:

1. The Radium Hill project – strike extensions of the historic Radium Hill uranium mine (but not including it)1 with significant discovery potential for uranium. HRE’s exploration and mining rights also extend to rare earth elements and scandium on the Radium Hill project.

2. An unexplored 15 km section of the Billeroo palaeochannel project immediately downstream from Boss Energy Ltd’s Goulds Dam deposit.

3. A lightly explored 35 km section of the Lake Namba palaeochannel project, with numerous wide- spaced historic uranium drill intersections.

4. Prospect Hill project area representing an untested possible geological analogue to the prolific Beverley-Four Mile uranium mining camp.

Key terms of the transaction involve:

1. Issue of 38 million fully paid ordinary shares in HRE to Havilah, half of which are subject to a 6 month voluntary escrow and the other half to a 12 month voluntary escrow (Consideration Shares).

2. Grant of 17.5 million unlisted options over HRE ordinary shares, each exercisable at 6 cents within a period of 3 years from the date of issue (Consideration Options).

3. An expenditure commitment of $3 million over 3 years, with a minimum commitment of $1 million within the first year.

4. Subject to the above, an ability for HRE to earn an 80% interest in the Uranium exploration and mining rights within certain Havilah exploration licences and an 80% joint venture interest in any discovery tenements that it applies for over a Uranium discovery.

5. HRE will free carry Havilah’s 20% joint venture interest in a Uranium discovery until completion of a bankable feasibility study, following which Havilah may elect to contribute or dilute to a 1.5% NSR (net smelter return) royalty on Uranium produced.

6. Completion of the transaction and consequent issue of the ordinary shares and grant of the options to Havilah and commencement of the joint venture earn-in is subject to the following conditions precedent:

A. HRE completing due diligence, to its sole satisfaction;

B. HRE obtaining shareholder approval for the issue of the Consideration Shares and Consideration Options; and

C. The parties obtaining all other shareholder, regulatory and third-party approvals, consents or waivers which are required to complete their respective obligations under the agreements (together the Conditions Precedent).

These terms have been effected by execution of a binding Term Sheet that sets out the commercial arrangements and a binding Tenement Access and Mineral Rights Agreement that governs the access rights of HRE to Havilah’s relevant exploration licences.

After this transaction with HRE and the earlier transaction with Koba Resources Limited (refer to ASX announcement 22 January 2024), Havilah still retains 100% ownership of several promising hard rock prospects including the Johnson Dam prospect (refer to ASX announcement 17 May 2023), the Homestead prospect (refer to ASX announcement 29 August 2023), the Birksgate prospect (refer to ASX announcement 15 January 2024) and the Coolibah palaeochannel.

Click here for the full ASX Release

This post appeared first on investingnews.com

InhaleRx Ltd (ASX: IRX) (‘InhaleRx’ ‘IRX’ or ‘the Company’), an Australian healthcare company developing unique drug-device products to address unmet medical needs in pain management and mental health sectors, is pleased to announce that it has entered into a significant funding agreement with Clendon Biotech Capital Pty Ltd (‘Clendon Biotech Capital’). This strategic partnership will provide the funding to cover all direct costs associated with the Phase 1 & 2 clinical development of the Company’s key projects – IRX-211 and IRX-616a.

Highlights:

Secured Funding: InhaleRx has secured a funding facility of up to $38.5 million from Clendon Biotech Capital to fully cover the clinical trial costs, including the associated non-clinical work and trial drug manufacturing costs for the IRX-211 and IRX-616a drug development plans through to the completion of Phase 2 clinical trials.Clinical Progress: This funding will enable InhaleRx to move forward with its clinical development plans for IRX211 and IRX616a, including non-clinical data. It will also enable IRX to address the requirements of the US Food & Drug Administration (‘FDA’) relevant to its recent IRX-616a Investigational New Drug (‘IND’) application.Focus on Transformational Therapeutics: With this strategic support, InhaleRx is well positioned to accelerate the development of breakthrough inhaled therapies for patients with unmet medical needs.

The funding agreement provides InhaleRx access to up to $38.5 million in funding, which is expected to allow the Company to reach the Phase 3 pivotal stage for both IRX-211 and IRX-616a within the next 2-3 years. The facility allows for the drawdown of funding as eligible expenditure is incurred.

Further details of the Clendon Biotech facility and options included within the proposed funding structure are included in Appendices 1 and 2.

Once approved, the Clendon Biotech Capital facility will allow the Company to immediately activate the specification adjustment and batch manufacturing work required in the manufacture of the requisite trial drugs for the proposed IRX616a (Phase 1), and IRX-211 (Phase 2) trials.

This partnership ensures that InhaleRx can move forward with the next stages of its clinical trials and non- clinical work, including addressing the further requirements outlined in FDA feedback related to its recent IND submission for IRX-616a.

While it is expected that this funding arrangement will cover all necessary clinical trial costs, InhaleRx will remain responsible for covering its operational and corporate overheads as these costs are specifically outside the scope of the funding arrangement. The Company remains confident in its ability to secure the necessary additional funding to meet these working capital costs and ensure continued operational sustainability.

About Clendon Biotech Capital

Clendon Biotech Capital is a Melbourne based venture capital investor which is keenly focused on small to mid-size bio-technology companies in its target therapeutic areas – neuroscience, gastroenterology, oncology and anti-aging.

The Board of InhaleRx views the partnership with Clendon Biotech Capital as a transformative step in securing the Company’s ability to execute its clinical development strategy, which will further position it as a leader in the inhaled therapeutics sector.

IRX’s CEO, Mr. Darryl Davies, said: ‘We are very excited to have Clendon Biotech Capital as a committed funding partner. This agreement enables InhaleRx to focus on advancing our key clinical programs, including addressing the requirements outlined in FDA feedback on our recent IRX616a IND application. While this partnership provides vital support for our clinical development program, we will continue to explore opportunities to fund our broader operational needs and ensure the long-term success of the Company.’

The Drug Development Pathway for IRX-211

IRX-211 is a drug-device medication, specifically designed to target breakthrough cancer pain (‘BTcP’), a condition characterised by sudden, intense episodes of pain that occur despite otherwise controlled cancer related chronic pain.

IRX-211 delivers a precise dose of the medication designed to provide rapid onset relief, ensuring quick absorption and action when needed most.

BTcP can be particularly debilitating for cancer patients, and conventional treatments often fall short due to delayed onset of action or suboptimal dosing. IRX-211 aims to address this gap by providing fast, effective relief, leading to an improvement in the quality of life of individuals suffering with cancer-related pain. By offering a more targeted and efficient solution, IRX-211 expects to become a cornerstone in the pain management toolkit for cancer patients, enhancing their overall comfort and care.

With the Phase 1 clinical trial complete, the next stage for IRX-211 is to commence the planned Phase 2 Double-blind, Placebo-controlled, Multicenter, Cross-over Study with Titration Period to Evaluate the Efficacy and Safety of IRX211a for the Treatment of Breakthrough Cancer Pain (‘BTcP’) in opioid tolerant patients in order to assess safety and efficacy of IRX-211.

The trial has been strategically designed to mirror the registration trials used for the fentanyl products, which are the only FDA approved drugs for treating BTcP.

Click here for the full ASX Release

This post appeared first on investingnews.com

Unico Silver Limited (“USL” or the “Company”) refers to the announcement on 20 August 2024 regarding the proposed acquisition of Minera Joaquin S.R.L, the 100% owner of the mineral claims that make up the Joaquin project, and the 100% acquisition of the mineral titles that make up the Cerro Puntudo project (collectively the “Joaquin Project”).

Following the satisfaction of all required approvals and consents, and execution of final definitive legal agreements between Pan American Silver Corp. (“PAAS”) and USL, the Company is pleased to advise that it has completed the acquisition of the Joaquin Project.

HIGHLIGHTS

100% acquisition of two contiguous properties (Joaquin and Cerro Puntudo) totalling 35,G46Ha.Joaquin contains a historical Foreign Estimate1 of 16.7Mt at 136gpt silver equivalent (AgEq2) for 73Moz AgEq (68Moz Ag, 64koz Au) in the La Negra and La Morocha deposits.Strategically located 60km west of USL’s G1Moz AgEq Cerro Leon resource2 and portfolio, enhancing future development options, with added scale and economics.Historical Foreign Estimates exclude adjacent Cerro Puntudo mineral properties which host the along strike extensions of the La Negra and La Morocha deposits.USL is planning a comprehensive exploration program on four advanced prospects, aiming to boost current Foreign Estimates and publish a maiden JORC (2012) MRE.Historical drill holes that fall outside the current resource:La Negra Feeder: 4.5m at 16GGgpt Ag, 22gpt Au from 272mLa Negra Extension: 3m at 2723gpt Ag, 4.1gpt Au from 54mLa Morocha Extension: 8m at 226gpt Ag, 0.5gpt Au from 189mCerro Puntudo is host to numerous vein targets (Brunilda, La Esmeralda, Isabella) with high silver gold values at surface that are untested by drilling.The transaction includes camp infrastructure and a mining and access agreement valid until 2034.Upfront consideration of USD$2m funded from existing cash reserves, with future payments of USD$2m on publication of an economic study supporting a mineral resource at the Joaquin project and USD$8m on commercial production.

Cautionary Statement

(a) The estimates of mineralisation included in this announcement are foreign estimates and are not reported in accordance with the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves (2012 JORC Code) and is a “Foreign Estimate”

(b) A Competent Person has not yet done sufficient work to classify the Foreign Estimate as Mineral Resources or Ore Reserves in accordance with the 2012 JORC Code.

(c) It is uncertain that following evaluation and/or further exploration work that the Foreign Estimates will be able to be reported as mineral resources or ore reserves in accordance with the JORC Code 2012.

The information in this Announcement that relates to foreign estimates of mineralisation has been extracted from information contained in the Company’s ASX announcement of 20 August 2024. USL confirms that it is not in possession of any new information or data relating to the foreign estimates of mineralisation that materially impacts on the reliability of those foreign estimates or USL’s ability to verify the foreign estimates a mineral resources or ore reserves in accordance with Appendix 5A (JORC Code). USL confirms that the supporting information provided in the initial market announcement of 20 August 2024 continues to apply and has not materially changed.

Click here for the full ASX Release

This post appeared first on investingnews.com

Indonesia’s Prabowo Subianto on Sunday took over as president of the world’s third-largest democracy, vowing to combat internal issues such as corruption that plague the country and to make it more self-sufficient.

The 73-year-old has undergone a remarkable transformation, from being a former military commander facing unproven allegations of rights abuses to sweeping the polls and now leading the country of 280 million people.

Wearing a traditional black hat and navy suit with a woven maroon and golden sarong, Prabowo officially became Indonesia’s eighth president on Sunday morning after he was sworn in during a ceremony at Indonesia’s parliament.

Prabowo, who unsuccessfully ran for the presidency twice before, said in a fiery speech to lawmakers he would be president for all Indonesians and challenged the nation to help him face down the country’s problems.

“We must always realise that a free nation is where the people are free,” Prabowo said, at times raising his voice.

“They must be freed of fear, poverty, hunger, ignorance, oppression, suffering,” he said.

In a wide-ranging speech lasting about an hour, Prabowo said self-sufficiency for food was possible within five years, while also pledging to become self-sufficient in energy.

The new president vowed to eradicate corruption and said that while he wanted to live in a democracy, it must be “polite”.

“A difference of opinion must come without enmity … fighting without hating,” he said.

Prabowo won the Feb. 14 contest with nearly 60% of the vote and has spent the past nine months building a formidable parliamentary coalition.

He was joined in the swearing-in ceremony by his running mate, Gibran Rakabuming Raka, 37, the eldest son of outgoing President Joko “Jokowi” Widodo.

Later on Sunday, Prabowo announced his cabinet at the presidential palace. While it had of a mix of professional and political appointees, most of the economics-related ministers remained the same as those under Jokowi.

One key announcement was for the foreign ministry, which will now be led by Sugiono, a former member of the army’s special forces.

The cabinet will be sworn in on Monday morning.

Greeting supporters

After his speech, Prabowo wore a baseball cap and waved through a car sunroof as he made his way to the presidential palace, passing thousands of flag-waving supporters thronging Jakarta’s streets in a festival-like atmosphere.

Flower boards outside the palace either congratulated Prabowo and Gibran or thanked Jokowi for his decade of service.

Jokowi supporters are also attending the celebrations to bid farewell to Indonesia’s outgoing leader.

Anneta Yuniar, a bystander who had excitedly waved at Jokowi’s motorcade as it slowly made its way past supporters before the ceremony, said she would miss Jokowi but that Prabowo was a strong leader.

“Prabowo will continue the development that Jokowi started. There’s continuity. It’s what I want,” she said.

Jokowi has left an indelible mark on the nation of 280 million, presiding over a period of strong economic growth and massive infrastructure development.

Critics also say, though, his rule has been marked by a rise in old-time patronage and dynastic politics, and they warn about diminished integrity in courts and other state institutions.

Indonesian police and military have put in place strict security measures, deploying at least 100,000 personnel across the city, including snipers and anti-riot units.

Prabowo met with foreign dignitaries, including a number of heads of state, on Sunday at the presidential palace.

China sent Vice President Han Zheng to the inauguration, while the delegation from the United States is being led by US Ambassador to the UN Linda Thomas-Greenfield.

Prabowo also touched on foreign policy during his speech, saying Indonesia was non-aligned on the global stage, but that he stood in support of the Palestinian people and said Jakarta was ready to send more aid to Gaza.

During his campaign, Prabowo billed himself to voters and investors alike as the “continuity candidate”.

Past allegations against Prabowo of involvement in the kidnapping of student activists and human rights abuses in Papua and East Timor, however, have also raised concern about Indonesia’s trajectory of democracy, human rights advocates say.

Prabowo has always denied the allegations that led to his dismissal from the military in 1998, the same year Indonesia broke free from the decades-long authoritarian rule of former President Suharto.

This post appeared first on cnn.com

At least 87 people were killed in an Israeli airstrike that hit several multi-story buildings overnight Saturday on Beit Lahia in northern Gaza, the enclave’s health ministry said.

The number killed includes 27 bodies retrieved so far and 60 people under the rubble. More than 40 people had been injured, including a number of very critical cases, the ministry said.

Graphic footage showed the bodies of several children among the dead, many with extensive injuries. Other video showed numerous body bags at the hospital amid grieving relatives. Overnight footage showed rescue workers combing through tonnes of rubble in the search for survivors and victims. Daylight images appear to show that two or three substantial apartment buildings were flattened by the strike.

One unidentified man at the scene said Sunday morning that there were displaced people in four homes that were destroyed. “We call on the international community to end the war,” he said. “We beg you, we are civilians with no connection to anyone. We demand that you stop the war.”

Another woman, crying amid the damage, said a woman had held her legs while she was under the rubble. “We were sitting and talking to each other when suddenly a large concrete block fell on us,” she said. “What remains? They have killed all the people.”

The woman said that Israel “directed people to go to Beit Lahia and bombed them there.”

The Israeli military has issued a number of evacuation orders for northern Gaza this month where it has renewed its ground offensive.

The hospital’s director also said the area around the hospital is coming under “bombardment and direct gunfire.”

The United Nations’ Special Coordinator for the Peace Process in the Middle East, Tor Wennesland, in a statement expressed horror at the airstrike, saying that “the nightmare in Gaza is intensifying.”

“Horrifying scenes are unfolding in the northern Strip amidst conflict, relentless Israeli strikes and an ever-worsening humanitarian crisis,” Wennesland said, adding that “civilians must be protected wherever they are.”

The airstrike comes as the Israeli military ramps up its operations again in northern Gaza, saying Hamas was regrouping in the area, and as Israel presses on with its war against Hezbollah in southern Lebanon. The military said it targeted the Hezbollah intelligence headquarters early on Sunday.

Israel’s war on both fronts has shown no signs of abating despite the killing of Hamas leader Yahya Sinwar on Thursday after a year-long pursuit.

Sinwar’s death is the latest blow to the Palestinian militant group in Gaza, where the enclave’s health ministry says more than 42,000 people have been killed since October 7. But Western officials have said that the pivotal moment could be used to cement a ceasefire and bring back hostages still trapped in the besieged territory.

This story has been updated.

This post appeared first on cnn.com

Britain’s King Charles III had just finished giving a speech to Australia’s Parliament House on Monday when an Indigenous senator began yelling, “You are not my king.”

From the back of the room, Greens Senator Lidia Thorpe shouted at the royal couple, “Give us our land back, give us what you stole,” as security officers moved to escort her away.

The interjection came as King Charles and Queen Camilla visited the Australian capital Canberra to meet the nation’s leaders, including Prime Minister Anthony Albanese.

During his speech, King Charles acknowledged Australia’s First Nations people, who lived on the land for tens of thousands of years before the arrival of British settlers over 230 years ago.

“Throughout my life, Australia’s First Nations people have done me the great honor of sharing so generously their stories and cultures,” King Charles said.

“I can only say how much my own experience has been shaped and strengthened by such traditional wisdom.”

Earlier, a traditional Aboriginal welcoming ceremony was held outside Parliament House for the royal couple, but for many of the country’s Indigenous population, they are not welcome.

The arrival of British settlers to Australia led to the massacre of Indigenous people at hundreds of locations around the country until as recently as the 1930s. Their ancestors still suffer from racism and systemic discrimination in a country that has failed to reverse centuries of disadvantage.

Thorpe, a DjabWurrung Gunnai Gunditjmara woman, has long campaigned for a treaty and has previously voiced her fierce objections to the British monarchy.

Australian’s Indigenous people never ceded sovereignty and have never engaged in a treaty process with the British Crown. Australia remains a Commonwealth country with the King as its Head of State.

During her swearing-in ceremony in 2022, Thorpe referred to Australia’s then-Head of State as “the colonizing Her Majesty Queen Elizabeth II,” and was asked to take the oath again.

She did so while raising one fist in the air.

On Monday, protesters stood with an Aboriginal flag as the royal couple visited the Australian War Memorial. A 62-year-old man was arrested for failing to comply with a police direction.

Before she yelled at the King, Thorpe turned her back during a recital of “God Save the King,” Australian media reported. Images showed her wearing a possum-fur coat, standing in the opposite direction of other attendees.

The Greens party said in a statement that the King’s presence was “a momentous occasion for some” but also a “visual reminder of the ongoing colonial trauma and legacies of British colonialism” for many First Nations people.

In the statement, Greens Senator Dorinda Cox, a Yamatji Noongar woman, called for the King to be clear in his recognition and support of “First Nations justice, truth telling and healing.”

“He now needs to be on the right side of history,” she added.

The Australian Monarchist League demanded Thorpe’s resignation after what it called a “childish demonstration.”

Royal supporters and a sneezing alpaca

King Charles and Queen Camilla arrived in Sydney on Friday, part of the monarch’s first tour to a Commonwealth realm since acceding the throne.

It’s the King’s first long-haul multi-country trip since his cancer diagnosis earlier this year, and his schedule is said to have been lightened on medical advice.

However, Monday’s outing was a blur of activity that began with a meet and greet with supporters, many waving Australian flags.

Among them was an alpaca by the name of Hephner, who caught the King’s eye and immediately sneezed on him.

Royal fan Chloe Pailthorpe, 44, said she was excited about the royal tour and had been writing to the royal household since age 10.

“We just love what the royals do and how they impact local communities, and support what we do with volunteering, and just community service work,” she told Agence France-Presse (AFP).

A 21-gun salute heralded the King’s arrival at Parliament House, and in his speech, Albanese commended the royal couple for their charitable work.

He also commented on the King’s early appreciation of the “the grave reality of climate change” and the necessity for humans to “take meaningful and effective action against it.”

To reflect his interest in the environment, the King was invited to plant trees at Parliament House and the Botanic Gardens.

The royal couple’s next stop will be Sydney on Tuesday for a public reception outside the Opera House before they fly to Samoa for the biennial Commonwealth Heads of Government Meeting (CHOGM), the king’s first as head of the organization.

This post appeared first on cnn.com

Editor’s note: This story includes details about suicide that some readers may find upsetting.

A 40-year-old father of four, Eliran Mizrahi deployed to Gaza after the deadly Hamas-led attack on Israel on October 7, 2023.

“He got out of Gaza, but Gaza did not get out of him. And he died after it, because of the post-trauma,” his mother, Jenny Mizrahi, said.

The Israeli military has said it is providing care for thousands of soldiers who are suffering from PTSD or mental illnesses caused by trauma during the war. It is unclear how many have taken their own lives, as the Israel Defense Forces (IDF) has not provided an official figure.

One year on, Israel’s war in Gaza has killed more than 42,000 people, according to the health ministry in the strip, with the United Nations reporting that most of the dead are women and children.

The war, launched after Hamas killed 1,200 people and took more than 250 hostage, is already Israel’s longest since the Jewish state was established. And as it now expands to Lebanon, some soldiers say they dread being drafted into yet another conflict.

For many soldiers, the war in Gaza is a fight for Israel’s survival and must be won by any means. But the battle is also taking a mental toll that, due to stigma, is largely hidden from view. Interviews with Israeli soldiers, a medic, and the family of Mizrahi, the reservist who took his own life, provide a window into the psychological burden that the war is casting on Israeli society.

Bulldozing ‘terrorists, dead and alive’

Mizrahi deployed to Gaza on October 8 last year and was tasked with driving a D-9 bulldozer, a 62-ton armored vehicle that can withstand bullets and explosives.

The reservist spent 186 days in the enclave until he sustained injuries to his knee, followed by hearing damage in February when a rocket-propelled grenade (RPG) struck his vehicle, his family said. He was pulled out of Gaza for treatment, and in April was diagnosed with PTSD, receiving weekly talk therapy.

His treatment did not help.

“They didn’t know how to treat them (soldiers),” Jenny, who lives in the Israeli Ma’ale Adumim settlement, in the occupied West Bank, said. “They (soldiers) said the war was so different. They saw things that were never seen in Israel.”

When Mizrahi was on leave, he suffered from bouts of anger, sweating, insomnia and social withdrawal, his family said. He told his family that only those who were in Gaza with him could understand what he was going through.

Jenny wondered if her son killed someone and couldn’t handle it.

“He saw a lot of people die. Maybe he even killed someone. (But) we don’t teach our children to do things like this,” she said. “So, when he did this, something like this, maybe it was a shock for him.”

The former soldier has spoken publicly about the psychological trauma endured by Israeli troops in Gaza. In a testimony to the Knesset, Israel’s parliament, in June, Zaken said that on many occasions, soldiers had to “run over terrorists, dead and alive, in the hundreds.”

“Everything squirts out,” he added.

Zaken says he can no longer eat meat, as it reminds him of the gruesome scenes he witnessed from his bulldozer in Gaza, and struggles to sleep at night, the sound of explosions ringing in his head.

He maintains that the vast majority of those he encountered were “terrorists.”

“The civilians we saw, we stopped and brought them water to drink, and we let them eat from our food,” he recalled, adding that even in such situations, Hamas fighters would shoot at them.

“So, there is no such thing as citizens,” he said, referring to the ability of Hamas fighters to blend with civilians. “This is terrorism.”

There was a “very strong collective attitude” of distrust among Israeli soldiers toward the Palestinians in Gaza, especially at the outset of the war, the medic said.

There was a notion that Gazans, including civilians, “are bad, that they support Hamas, that they help Hamas, that they were hiding ammunition,” the medic said.

In the field, however, some of these attitudes changed “when you actually see Gazan civilians in front of your eyes,” they said.

The IDF has said that it does all it can to minimize civilian casualties in Gaza, including by sending text messages, making phone calls, and dropping evacuation leaflets to warn civilians ahead of attacks.

Despite this, civilians in Gaza have been repeatedly killed in large numbers, including when sheltering in areas the military itself has designated as “safe zones.”

The mental health toll in Gaza is likely to be enormous. Relief groups and the UN have repeatedly highlighted the catastrophic mental health consequences of the war on civilians in Gaza, many of whom had already been scarred by a 17-year blockade and several wars with Israel. In an August report, the UN said the experiences of Gazans defy “traditional biomedical definitions” of PTSD, “given that there is no ‘post’ in Gaza’s context.”

After Mizrahi took his own life, videos and photos surfaced on social media of the reservist bulldozing homes and buildings in Gaza and posing in front of vandalized structures. Some of the images, which were purportedly posted on his now removed social media accounts, appeared in a documentary that he was interviewed for on Israel’s Channel 13.

His sister, Shir, said she saw a lot of comments on social media accusing Mizrahi of being “a murderer,” cursing at him and replying with unpleasant emojis.

“It was hard,” she said, adding that she tried her best to overlook it. “I know he had a good heart.”

Clearing dead people with debris

Ahron Bregman, a political scientist at King’s College London who served in the Israeli army for six years, including during the 1982 Lebanon War, said the Gaza war is unlike any other fought by Israel.

“It’s very long,” he said, and it is urban, which means soldiers fight among many people, “the vast majority of them are civilians.”

For many, the transition from the battlefield back to civilian life can be overwhelming, especially after urban warfare that involves the deaths of women and children, Bregman said.

“How can you put your children to bed when, you know, you saw children killed in Gaza?”

Despite Mizrahi’s PTSD, his family said he agreed to return to Gaza when he was called up again. Two days before he was meant to re-deploy, he killed himself.

In her home, Jenny has dedicated a room to memorialize her late son, with photos from his childhood and working in construction. Among the objects his mother has kept was the cap Mizrahi was wearing when he shot himself in the head, the bullet holes clearly visible.

Mizrahi’s family started speaking out about his death after the IDF did not grant him a military burial, saying he had not been “in active reserve duty.” They later reversed their decision.

The Israeli newspaper Haaretz reported that 10 soldiers took their own lives between October 7 and May 11, according to military data obtained by the newspaper.

“The suicide rate in the army is more or less stable in the last five or six years,” Bechor said, noting that it has in fact been falling over the past 10 years.

Even if the number of suicides is higher, he said, the ratio so far “is quite the same from the previous year because we have more soldiers.”

Still, more than a third of those removed from combat are found to have mental health issues. In a statement in August, the Israeli defense ministry’s rehabilitation division said that every month, more than 1,000 new wounded soldiers are removed from fighting for treatment, 35% of whom complain about their mental state, with 27% developing “a mental reaction or post-traumatic stress disorder.”

It added that by the end of the year, 14,000 wounded fighters will likely be admitted for treatment, approximately 40% of whom are expected to face mental health issues.

How to get help

Help is available if you or someone you know is struggling with suicidal thoughts or mental health matters.
In the US: Call or text 988, the Suicide & Crisis Lifeline.
Globally: The International Association for Suicide Prevention and Befrienders Worldwide have contact information for crisis centers around the world.

    More than 500 people die by suicide in Israel and over 6,000 others attempt suicide every year, according to the country’s ministry of health, which notes that “there is under-reporting of approximately 23% in the numbers mentioned.”

    In 2021, suicide was the leading cause of death among IDF soldiers, the Times of Israel reported, citing military data that showed at least 11 soldiers had taken their own lives that year.

    Earlier this year, the ministry of health sought to “debunk rumors of rising suicide rates since October 7,” saying that the reported cases are “isolated incidents in the media and in social media.” Without providing numbers, the ministry said that there was a “decrease in suicide in Israel between October and December in comparison with the same months in recent years.”

    Bregman, the Lebanon war veteran, said that PTSD and other mental health issues are now easier to talk about than in the 1970s and 1980s thanks to the diminishing stigma. Still, he said, the soldiers coming out of Gaza will “carry (their experiences) for the rest of their lives.”

    Normalizing the abnormal

    Bechor, the IDF psychologist, said that one of the ways the military helps traumatized troops resume their lives is to try to “normalize” what they went through, partly by reminding them of the horrors committed on October 7.

    “This situation is not normal for human beings,” Bechor said, adding that when soldiers come back from the battlefield with PTSD symptoms, they ask: “How do I get back home after what I saw? How do I get to engage with my kids after what I saw?”

    For the tens of thousands of Israelis who volunteered or were called up to fight, the war in Gaza was seen not only seen as an act of self-defense but as an existential battle. That notion was touted by top Israeli political and military leaders, as well as Israel’s international allies.

    Netanyahu has described Hamas as “the new Nazis” and US President Joe Biden has said that the “ancient hatred of Jews” endorsed by the Nazis was “brought back to life” on October 7.

    The external threats to their country unified many Israelis, putting on hold domestic political squabbling that had for months divided society. Meanwhile, the suffering of Palestinians has largely been absent from Israeli television screens, which are dominated by news about the hostages in Gaza.

    After the Hamas attacks, polls showed that most Israelis supported the war in Gaza, and did not want their government to halt the fighting even while negotiating to release the kidnapped hostages. On the one-year anniversary of the October 7 attack, a survey published by the Israel Democracy Institute found that only 6% of Israelis think the war in Gaza should be stopped due to the “the great cost in human life.”

    Some soldiers, however, couldn’t rationalize the horrors they had seen.

    When he returned from Gaza, Mizrahi often told his family that he felt “invisible blood” coming out of him, his mother said.

    Shir, his sister, blames the war for her brother’s death. “Because of the army, because of this war, my brother is not here,” she said. “Maybe he didn’t die from a bullet (in combat) or an RPG, but he died from an invisible bullet,” she added, referring to his psychological pain.

    This post appeared first on cnn.com

    Moldova’s crucial referendum on joining the European Union is too close to call, partial results showed Monday, as President Maia Sandu condemned an “unprecedented assault” on the country’s democracy.

    With just over 1.4% of ballots still to be counted, 50.2% had voted “yes” in the referendum, according to the country’s Central Election Commission. The tight margin would come as a blow to Sandu, who had been hoping for a clear endorsement of the pro-EU path she has charted during her first presidential term.

    Sandu, who framed the vote as a choice for the former Soviet country between pursuing its nascent European future or remaining lodged within the Kremlin’s orbit, also failed to secure enough votes to win outright in the country’s presidential election, held on the same day. A second round will be held on November 3.

    In an uncharacteristically forceful statement issued late Sunday night, Sandu accused foreign groups of attempting to undermine Moldova’s democratic process and “using the most disgraceful means to keep our nation trapped in uncertainty and instability.”

    Sandu said Moldovan authorities had “clear evidence that these criminal groups aimed to buy 300,000 votes – a fraud of unprecedented scale.”

    In a video posted to his Telegram account last month, Shor had said he would pay voters the equivalent of $28 for registering with his campaign and more if they voted against the referendum.

    Partial results also put Sandu first in the presidential race with 42.1% of the vote, ahead of her closest challenger Alexandr Stoianoglo – a former prosecutor general running for the pro-Russian Party of Socialists – with 26.3%.

    The two will now face off in the second round. If other pro-Russian parties and voters throw their support behind Stoianoglo, the November 3 run-off could be extremely tight.

    This post appeared first on cnn.com

    S&P 500 and Nasdaq: New Targets and Support Levels

    • During this morning’s Asian trading session, the S&P 500 finds support at the 5840.0 level
    • The Nasdaq gained new support this morning at the 20200.0 level

    S&P 500 chart analysis

    During this morning’s Asian trading session, the S&P 500 finds support at the 5840.0 level. Additional support in that zone is the EMA 50 moving average, which influenced the index to remain stable. In the EU session, we climbed up to $5860.0, and we expect a continuation of the bullish side in the US session. On Thursday, October 17, the S&P 500 created a new all-time high at 5882.5. We managed to break above the previous high from Monday, October 14.

    All signs indicate that we can expect a continuation of the bullish consolidation. Potential higher targets are 5880.0 and 5900.0 levels. If the current bullish momentum decreases, the S&P 500 could turn to the bearish side. After that, we will see a pullback below the 5840.0 level and the EMA 50 moving average. Since we lost the previous support, we must continue the retreat and look for a new one at lower levels. Potential lower targets are 5820.0 and 5800.0 levels.

     

    Nasdaq chart analysis

    The Nasdaq gained new support this morning at the 20200.0 level. With the support of the EMA 200 moving average, we quickly moved back above the weekly open level to the positive side and continued to the daily high at 20315.0. The index at 20250.0 forms a higher low and thus confirms determination for further recovery to the bullish side. Potential higher targets are 20350.0 and 20400.0 levels.

    If there is a reduction in the bullish momentum again, the Nasdaq will have to start a new pullback. We are again forced to test the weekly open level and the support of the EMA 200 moving average. This time, we need a break of the index below to a new daily low as a confirmation of bearish momentum. Potential lower targets are 20150.0 and 20100.0 levels. This week’s Nasdaq low was at 20042.0.

     

    The post S&P 500 and Nasdaq: New Targets and Support Levels appeared first on FinanceBrokerage.