Business bankruptcy spike forecast as Paycheck Protection Program ends

Hardly any sector of the economy is immune to social distancing rules cutting into profits, with theaters, hotels, restaurants, gyms and retailers struggling to stay afloat.

Reopening plans have been reversed in nine states and paused in a dozen others, and more than half of U.S. states remain under business restrictions.

COVID-19 Epidemic in Sweden: an Analysis

By Nic Lewis – Re-Blogged From WUWT

The course of the COVID-19 pandemic in Sweden is of great interest, as it is one of very few advanced nations where no lockdown order that heavily restricted people’s movements and other basic freedoms was imposed. As there has been much comment, some of it ill-informed, on how the COVID-19 epidemic has developed in Sweden, but relatively little detailed analysis published in English, it is worth exploring what their excellent publicly-available data reveal.

I  present here plots of weekly new cases and deaths, with accompanying comments. I have been able to access detailed daily data from 2 April on.[1]

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Report: Almost half of all COVID-19 deaths are linked to nursing homes

Re-Blogged From Informing America

Nearly half of all COVID-19 deaths in the United States are connected to nursing homes and long-term care centers, according to a new report from the New York Times.

The analysis found that there were more than 54,000 residents and workers at nursing homes and long-term care centers who have died from coronavirus-related illnesses. There were over 282,000 people infected at 12,000 senior facilities across the country. COVID-19 cases at nursing homes made up only 11% of all COVID-19 cases, but accounted for approximately 43% of the total U.S. deaths.

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Gold Mid-Tiers’ Q1’20 Fundamentals

By Adam Hamilton – Re-Blogged From Gold Eagle

The mid-tier gold miners in the sweet spot for stock-price upside potential have enjoyed a massive run since mid-March’s stock-panic lows.  They’ve already more than doubled in the couple months since!  Their just-released Q1’20 operational and financial results reveal whether these huge gains are righteous fundamentally, whether this uptrend is likely to persist, and how COVID-19 shutdowns are affecting gold miners.

Interestingly the leading mid-tier gold-stock ETF is the famous GDXJ VanEck Vectors Junior Gold Miners ETF.  Despite its misleading name, GDXJ is overwhelmingly dominated by mid-tier gold miners.  They produce 300k to 1m ounces of gold annually, between the smaller juniors and larger majors.  The mid-tiers offer an excellent mix of sizable diversified production, output-growth potential, and smaller market caps.

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Get Ready for Some SERIOUS Sticker Shock as Inflation Heats Up

By Mike Gleason – Re-Blogged From Money Metals

Gold and silver markets are inching closer to achieving major upside breakouts.

On Thursday, gold rallied above a near-term consolidation pattern to close at $1,747 an ounce. That put the monetary metal about $30 away from making new highs for the year. As of this Friday recording, gold prices are marching higher again and come in at $1,761, up 2.5% for the week.

Turning to silver, the white metal gained nearly 3% yesterday to touch a major resistance line just above the $16 per ounce level and the momentum is carrying over into today. A strong weekly close above yesterday’s high could trigger a wave of technical buying that propels prices much higher in the days ahead – and it looks as though such a close is in fact going to happen.

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Gold Miners’ Q1’20 Fundamentals

By Adam Hamilton – Re-Blogged From Gold Eagle

The major gold miners’ stocks have rallied dramatically out of mid-March’s stock-panic lows, soaring to new bull-market highs. Their just-reported Q1’20 operational and financial results reveal whether today’s higher gold-stock prices are fundamentally justified. They also illuminate whether this gold-stock upleg is likely to continue powering higher, despite the catastrophic economic damage from governments’ lockdowns.

With officials around the world waging a scorched-earth war against this COVID-19 pandemic, the gold miners’ latest quarterly results are more important than ever. While this earnings season covered Q1’20, most gold companies didn’t release their quarterly reports until the last couple weeks. In them they had to disclose the ongoing impact of governments’ COVID-19 lockdowns current to those quarterlies’ release dates.

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The Chinese-virus lockdowns that have done their job

By Christopher Monckton of Brenchley – Re-Blogged From WUWT

In Italy and Spain, two of Europe’s hardest-hit nations, the compound daily growth rates in cumulative cases of Chinese-virus infection have fallen to 2.8% and 3.4% respectively. The lockdowns in these two countries are, for the first time, being eased.

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Fig. 1. Mean compound daily growth rates in confirmed cases of COVID-19 infection for the world excluding China (red) and for several individual nations averaged over the successive seven-day periods ending on all dates from March 28 to April 12, 2020. A link to the high-definition PowerPoint slides is at the end of this posting.

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