Actually both satellites DO agree with each other. So the outlier is in fact... THE NOAA! So in fact, you're kind of AGREEING with me. LOL!!!
You turned 59 back in November 2013. I remember wishing you a happy birthday.
So, where’s the warming? Robin Pittwood at the New Zealand Kiwi Thinker here has posted an update on the climate bet for charity that NoTricksZone and its readers entered with a gaggle of global warming cultists, among them Dana Nuccitelli and Rob Honeycutt.
So far we are 4.5 years into the current decade and Robin tells us that it is running cooler using RSS and UAH satellite data, which Messieurs Honeycutt and Nuccitelli agreed to use.
NOAA Record June Heat Claims Dismissed! “In Independent Datasets We See Widespread Model Failures” Says Expert Meteorologist
NOAA’s conflict of interest? “The problem is that the same staff responsible for creating reports and running some greenhouse models are also responsible for the databases that validate the forecasts.”
The National Oceanic and Atmospheric Administration (NOAA) June 2015 results are out and once the government-directed institute is again claiming the globe is at a record high temperature while the other independent global temperature datasets are telling a very different story.
The NOAA claims that the global surface temperature reached a new all-time record high with an anomaly +0.88°C – the warmest since recordkeeping began in 1880!
However measurements taken by satellite Remote Sensing Systems (RSS) show that although June 2015 indeed was a warm month at +0.39°C, it was only the 4th warmest June ever, and more than 30 other earlier months have seen greater positive anomalies.
Satellite data (revised) taken by the University of Alabama in Huntsville UAH show that the June 2015 temperature anomaly was +0.31°C, a warm month but not the hottest June ever as three other June months were as warm or warmer.
Moreover plots of the RSS and UAH data continue to show that global temperatures have been flat for now close to 20 years.
Even the Hadley Climate Research Unit (HadCrut) in England shows no temperature increase over the period.
Yet, no one at the NOAA has gotten the idea that maybe their data and results have gone awry and that they’d be wise to look for what is causing them to be outliers.
When asked what they thought of the NOAA June result, 2 expert meteorologists suggest that there’s probably more to it than faulty computational methodology and that it may have to do with scientists milking out the results they want.
~13.3 is the H&S target btw and likely gets hit within the next day or two.
Just an FYI for you heroes buying DUST here.
I think we'll be a good 30% or so lower than we are today.
Look up the definition of "irony" an you may see why this post is ridiculous having come from you.
This is true but the fact is, we're way below that level right now. The sector basically is trading at negative equity and the price realistically won't stay below the all in cost of production for too long. I expect a bottom and reversal tomorrow.
The reports that get released on Friday are as of Tuesday so this latest report doesn't factor in today, Friday, etc.
Remember I said we would re-test that fake 213 SPY candle? Same holds for GC. The sooner it gets back to 1080, the better. Miners bottom this week... possibly tomorrow.
Why don't you look at the trading price and bvps under key statistics and find out yourself? NEM and ABX just to name a couple.
So basically the entire sector is worth more if you liquidated it today than what it's trading at. Just crazy.
Early September? I don't really see how it's possible for gold stocks to get taken to the woodshed like this for another 6+ weeks. This is the 9th week down in a row.
If GDX, GLD and GDXJ were SPY, IWM and QQQ, there would've been a "glitch" today and the markets would not have opened.