They say there are often two reasons why somebody acts: one reason that sounds good, and the real reason.

With that said, I took a bit of time from the office this week to attend some family reunion events planned for the descendants of Michael Hackett & Elizabeth Hynes who settled at Woods Island in 1900. They are responsible for more than just a few offspring in this area. The weather was great and the event was a huge success.

That’s the reason that sounds good. The real reason is Heather Luscombe, my assistant, was on vacation and most know I’m useless when she’s away. The sun was shining, so… it was just as well that I took the time off, too : )

Gold held a key level and made good gains last week. The TSX and S&P500 went down and we were in a heavy cash position. The news came out Friday that China commenced military exercises around Taiwan and the threat of military action is elevated. Add that to the list of major concerns looming over this market. My defensive narrative hasn’t changed for the time being.