Can Western Central Banks Continue Capping Gold At $1350?

By Dave Kranzler Re-Blogged From Gold Eagle

“Shanghai Gold will change the current gold market with its ‘consumed in the East but priced in the West’ arrangement. When China has the right to speak in the international gold market, the true price of gold will be revealed.” – Xu Luode, Chairman, Shanghai Gold Exchange, 15 May 2014

The price of gold has jumped 5.8% in a little over 3 weeks. This is a big move in a short period of time for any asset. Two factors fueled the move. The first is the expectation that Central Banks globally will revert back to money printing and negative interest rate policies to address a collapsing global economy. The second factor, more technical in nature, pushing gold higher is hedge funds chasing the upward price-momentum in the Comex and LBMA paper gold markets.

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Socialism Is Bad for the Environment

By Shawn Regan – Re-Blogged From National Review

And markets are much better

As the Soviet Union began to collapse, the socialist economist Robert Heilbroner admitted that central planning had failed economically but said we needed “to rethink the meaning of socialism.” Now it was the thing that had to emerge if humanity was to cope with “the one transcendent challenge that faces it within a thinkable timespan.” Heilbroner considered this one thing to be “the ecological burden that economic growth is placing on the environment.” Markets may be better at allocating resources, Heilbroner thought, but only socialism could avoid ecological disaster.

A metalworking plant in Chelyabinsk, USSR, 1991 (Peter Turnley/Contributor/Getty Images)

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Palm Oil – A Gift or a Curse?

Re-Blogged From WUWT

Oil palm is alternatively seen as a gift from god or a crime against humanity; according to science, it is neither

Norwegian University of Life Sciences

IMAGE: The view of an oil palm plantation in Indonesia. Credit: Douglas Sheil

IMAGE: The view of an oil palm plantation in Indonesia. Credit: Douglas Sheil

Oil palm is neither the devil’s work, nor a godsend to humanity. Its effects on its surroundings largely depends on case-specific circumstances. Those who ask to boycott all palm oil due to its contribution to deforestation should also consider boycotting coffee, chocolate and coconut if they wish to be consistent.

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Why so many tornadoes this year?

By Dr Roy Spencer – Re-Blogged From Fox News

The simple answer is that tornado formation requires unusually cool air.

OHIO, INDIANA TORNADOES LEAVE AT LEAST 1 DEAD, SEVERAL HURT AMID DESTRUCTION THAT LOOKS ‘LIKE A WAR ZONE’

Very few thunderstorms produce tornadoes. In the hot and humid tropics, they are virtually unheard of. The reason why is that (unlike hurricanes) tornadoes require strong wind shear, which means wind speed increasing and changing direction with height in the lower atmosphere.

These conditions exist only when a cool air mass collides with a warm air mass. And the perfect conditions for this have existed this year as winter has refused to lose its grip on the western United States. So far for the month of May 2019, the average temperature across the U.S. is close to 2 degrees Fahrenheit below normal.

Every year, springtime thunderstorms in Central and Southeast U.S. have plenty of warm, moist air to draw on from the Gulf of Mexico. What they generally don’t have is a persistent cold air mass producing strong wind shear at the boundary between a warm and cold air mass.

In recent decades, slow warming in the U.S. has been accompanied by fewer of these cold springtime air masses over the West.  As a result, based upon official National Weather Service statistics the long-term trend of strong (EF3) to violent (EF5) tornadoes has been decidedly downward, with 2018 experiencing a record low in activity.

But this year, snows have extended into late May from Northern Michigan through Colorado to the Sierra of California.  As a result of this persistent cold air mass, as of May 27, we are well above normal for total U.S. tornadoes.

This is what weather does – it varies from year to year. The alarmist claims of AOC, Gore, and Sanders are not just speculative; they opposed by our observations and by meteorological theory.

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To Survive, Britain’s Conservatives Must ‘Get Rid of the Green Crap’

By James Delingpole – Re-Blogged From Breitbart

Besides the Brexit Party, one of the big winners of the European Parliament elections — in Germany, France, Austria, Sweden, Ireland, Belgium, the Netherlands, Denmark and the UK — were the Greens.

There’s a lesson buried in this story — but it’s not what you might think. And it’s definitely, definitely the opposite of the conclusion being drawn by the Conservative Party.

In the Conservative mindset, green issues are one of those politically neutral, morally and socially positive causes you can embrace without betraying your principles or alienating your base.

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Jezero Crater, Mars 2020’s Landing Site

By Yvette Smith From NASA – Re-Blogged From WUWT

May 28, 2019

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NASA’s Mars 2020 will land in Jezero Crater, pictured here. The image was taken by instruments on NASA’s Mars Reconnaissance Orbiter, which regularly takes images of potential landing sites for future missions.

On ancient Mars, water carved channels and transported sediments to form fans and deltas within lake basins. Examination of spectral data acquired from orbit show that some of these sediments have minerals that indicate chemical alteration by water. Here in Jezero Crater delta, sediments contain clays and carbonates.

Will The US Economy Fall Into Recession? Or Will It Accelerate?

By Arkadiusz Sieroń – Re-Blogged From Gold Eagle

The current economic expansion has just equaled with the longest boom in the US history. Is that not suspicious? We invite you to read our today’s article, which provide you with the valuable lessons from the 1990s expansion for the gold market and find out whether the US economy will die of old age.

Lessons from the 1990s Expansion for the Economy and the Gold Market

The current economic expansion has just equaled with the longest boom in the US history. Unless the sky falls in the next few weeks, we will celebrate a new record in July. Is that not suspicious?

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