This week has been very slow. Housing continues to languish. Employment looks a bit better than expected. Inflation numbers are roughly okay. Gold and silver are hanging in there, with silver continuing to show strength in a softening economy. iShares Silver Trust (SLV) now have over 100 million ounces in trust. The ceasefire, though tenuous, is holding up. Iran ignored the U.N. and others are growing anxious. While I hope peaceful solutions can be found to the various conflicts, I remain cautious. The markets as a whole have been doing reasonably well. My prior views on the markets remain.
After the September long weekend people will be back at work, focused on the markets. I am curious to see if the slowdown in housing will be as severe as many predict. I fear that they might be right. I am hopeful that the Israel Lebanon conflict can remain peaceful. But I am much less optimistic about Iran. We appear to be making slow but steady progress in Afghanistan. Given the economic and geopolitical uncertainties, I remain cautious on the markets.
Donald Trump fired Carolyn Kepcher according to a NY Post story and blogged by Nadine Heintz. I enjoyed watching The Apprentice, though I must admit the first season was the best. I hope this upcoming season is strong.
Here in Calgary, Alberta, we are still experiencing terrific weather. But some days are noticeably cool and many of the trees are showing their fall colors. I thoroughly enjoy summers because I can be outdoors much more. I enjoy biking and hiking, which certainly beats working out at the gym.
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