Monday, March 1, 2021

Tag: Don’t look now

Don’t Look Now, but Gold Just Finished Its Best Year Since 2011

by Clint Steiger, Money Metals:

Metals investors may have missed it given the gloomy sentiment that plagued markets for much of 2017, but gold just finished its best year since 2011.

Perhaps in a year like the one just passed, 13% gains are simply not inspiring. U.S. stocks finished about 25% higher for the year, and crypto-currencies including Bitcoin left all other asset classes in the dust. Bitcoin gained roughly 1,400%.

Die hard gold bugs enter 2018 waiting for crypto-bugs and stock bulls to see the value of precious metals. Fortunately, precious metals have served reliably both as an inflation hedge and as a safe haven for most of recorded history. It looks less and less probable investors will get through another 12 months while ignoring both inflation and market risk simultaneously.

While other markets were finishing 2017 strong, the U.S. dollar ended the year with a whimper. The dollar fell 10%, its worst performance in more than a decade.

That weakness has yet to manifest itself as price inflation in consumer goods and services. It has instead shown up in asset prices.

Consumers have yet to feel their dollars getting weaker, which may explain much about why a traditional inflation hedge like gold isn’t getting a lot of attention. That may change in the months ahead, particularly if President Donald Trump can add his debt-financed infrastructure spending program to the tax cuts recently passed. Both initiatives represent fiscal stimulus for Main Street, and a shift from Wall Street oriented monetary policy including Quantitative Easing.

Fiscal stimulus programs should contribute to more weakness in the dollar, as deficits and borrowing increase. Yes, the Republican led Congress could insist on spending reductions elsewhere to compensate for tax reduction and infrastructure spending, but only the most naive would consider that a genuine likelihood.

If the dollar loses another 10% in the year ahead, metals ought to be significant beneficiaries – even if most aren’t paying attention to that possibility.

Read More @ MoneyMetals.com

Don’t look now, but Arctic sea ice mass has grown almost 40{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} since 2012

by Tracey Watson, Natural News:

One of the most popular pieces of “evidence” that climate alarmists just love to bring up to prove the global warming narrative is the “all the ice is melting in the Arctic and the polar bears are dying” line. We’ve all seen the documentaries where a polar bear is desperately clinging to a tiny piece of ice and you just know he’s going to die soon. But is any of it really true? What does the latest science really say about the ice in the Arctic circle?

Earlier this month, Climate Depot reported that the latest figures from the National Snow and Ice Data Center, located at the University of Colorado, show that sea ice extent has increased by 40 percent since 2012.

The Danish Polar Portal, which monitors ice and climate in the Arctic, reported on the 12thof September this year:

There has been quite some discussion about Greenland in the climate blogosphere this year. Heavy snow and rain in winter with a relatively short and intermittent summer melt season have left the Greenland ice sheet with more ice than has been usual over the last twenty years – in fact we have to go back to the 1980s and 90s to see a year similar to this one in terms of snow fall and ice melt, though perhaps not for iceberg calving. …

If we rank the annual surface mass balance since 1981 from low to high, the lowest on record was 2011-2012 (38 Gt) and this year is the 5th highest out of the 37 year record. The highest on record 1995-1996 had an end of year SMB of 619 Gt in our records.[Emphasis added]

In fact, Greenland experienced a 10 times higher level of surface ice than it did five years ago. And confirming that this is not a fluke occurrence taking place in only one year, Greenland’s most well-known glacier – the Petermann Glacier – has been growing slowly and steadily for the past five years.

As you can see from the chart below, the sea ice growth for 2016 – 2017 is much higher than the mean from 1981 – 2010:

This has been the pattern in the Arctic over the last few years. Back in 2015, BBC Newsreported that Arctic ice had grown by a staggering 30 percent after what they called an “unusually cool summer” – unusual indeed, if the global warming narrative is to be believed. That trajectory continued into 2014, and the increases in ice for those two years exceeded all recorded losses in the preceding three years.  (Related: Mercury pollution contaminating Arctic wildlife, causing death and reproductive problems among bird populations, studies show.)

That 30 percent constituted a massive amount of physical land area – the Daily Mailreported at the time that a cooler Arctic summer had left over 530,000 additional square miles of ice than the previous year.

Astoundingly, the mainstream media, in spite of having this information at their fingertips, continues to spout the same old global warming nonsense.

In the very same BBC article cited earlier, for example, the writer immediately insisted that “2013 was a one-off” and went on to stress that the Arctic region had warmed more than most other places on Earth over the past three decades. (Related: Discover the truth at ClimateScienceNews.com)

It’s understandable that a trend of continuous heating for 30 years would raise concerns, but by the same token, a continuous cooling trend over the last five years must also be taken into consideration. Scientists are supposed to go where the evidence takes them, not try to keep editing the evidence to fit a predetermined outcome.

It’s like scientists, governments and the mainstream media have all decided that the Earth is warming, and now there’s no turning back. No matter what the physical evidence shows, they’re all just going to save face by insisting that they were right all along.

Read More @ NaturalNews.com