The Italian Connection

By Willis Eschenbach [Note updates at the end] – Re-Blogged From WUWT

Since the earliest days of the current pandemic, Italy has been the scary member of the family that you absolutely don’t want to emulate, the one cousin that gets into really bad trouble. The Italians have the highest rate of deaths from the COVID-19 coronavirus, and their numbers continue to climb. Here’s the situation today.

Figure 1. Deaths from the COVID-19 coronavirus expressed as deaths per ten million of the country population. Percentages of the total population are shown at the right in blue. All countries are aligned at the date of their first reported death. Most recent daily chart and charts of previous days are available by going here and scrolling down.

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Graphing The Icy Reality

By Willis Eschenbach – Re-Blogged From WUWT

Today I saw some scary headlines. I post them up along with snippets of the stories. First, from the BBC:

Greenland and Antarctica ice loss accelerating

Earth’s great ice sheets, Greenland and Antarctica, are now losing mass six times faster than they were in the 1990s thanks to warming conditions.

“That’s not a good news story,” said Prof Andrew Shepherd from the University of Leeds in the UK.

Next, from the NASA Jet Propulsion Laboratory (JPL)

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Bills Are Coming Due

By Associated Press – Re-Blogged From Headline Wealth

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the global economy, the work place and the spread of the virus.


UNDER REVIEW: This week, the U.S. reported that a staggering 3.3 million Americans applied for unemployment benefits last week, a five-fold increase over the last high sent in 1982. On Friday, President Donald Trump signed a $2.2 trillion aid package into law. Few believe it will be the last in the aftermath of this viral outbreak. Credit ratings agencies are taking note of the financial standing of the U.S., and other nations.

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2020 Gold Price Forecast And Gold Thesis

By Don Durrett – Re-Blogged From Gold Eagle
Gold is currently showing some strength, with a price over $1600. However, there is still a lot of paper gold selling (where the spot price is determined), and there is no clear direction in price. In fact, I have been saying all year that until silver gets above $18.50, I won’t consider this a gold bull market.

Top Scientists Admit Coronavirus Death Rate Likely Much Lower than Predicted

‘A universal quarantine may not be worth the costs it imposes on the economy, community and individual mental and physical health…’

(Ben Sellers, Liberty Headlines) A British disease expert whose doom-and-gloom coronavirus model was widely cited by outlets like the New York Times backtracked on those claims Wednesday to cast a far more optimistic picture.

Neil Ferguson, an epidemiologist at Imperial College London, initially projected 2.2 million dead in the United States and 500,000 in the United Kingdom.

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How Much Human-Caused Global Warming Should We Expect?

By Andy May – Re-Blogged From WUWT

OMG! The world is going to end, and we caused it. This story, in one form or another, goes back to biblical times. According to Genesis (6:9 to 9:17) God decided that humans had sinned too much and must be punished, so he called up a great flood to destroy the world. A similar story also appears in the earlier Epic of Gilgamesh. End of the world predictions are very popular and recur regularly in human history.

More recently, prognosticators have predicted climate change disasters that are due to human actions (sins?). During the Little Ice Age (see Figure 3 in the link), the European public blamed the cold weather on witches and Jews, over 50,000 “witches” and tens of thousands of Jews were killed because they supposedly caused the cold weather and glacial advances. Thus, the idea that humans somehow control climate change is very old. We have no more proof that this is the case today than people had in 800AD, which is about when Archbishop Agobard of Lyons, France said:

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Silver Miners’ Q4’19 Fundamentals

By Adam Hamilton – Re-Blogged From Silver Phoenix

The carnage in the silver miners’ stocks has been apocalyptic, fueled by the astounding COVID-19 stock panic.  As terrified traders frantically dumped everything and ran for the hills, silver and its miners’ stocks crashed.  That catastrophic anomaly has potentially created epic contrarian buying opportunities.  The silver miners’ recently-reported Q4’19 results reveal whether their fundamentals support a massive rebound.

As long-time silver-stock traders are painfully aware, this tiny sector is no stranger to adversity.  Only the most-hardened contrarians dare chasing the white metal’s occasional monster skyrocketings.  Back in late February, silver was rallying nicely as gold surged over $1600 on mushrooming COVID-19 fears.  But over the next 17 trading days silver collapsed 35.8%, with nearly 3/4ths of that loss in the final week alone!

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