by Jim Rickards, Daily Reckoning:

There’s so much happening right now, including last night’s vice presidential debate, it’s hard to know where to begin.

But yesterday’s attack by Iran on Israel needs to be addressed because of its potentially massive implications.

Iran launched a major missile attack against Israel, in apparent retaliation for recent Israeli attacks upon Iranian proxy Hezbollah in southern Lebanon. Details of the attack remain sketchy, and Israel is extremely secretive about whatever damage it sustained.