Gold Price Capitulates to $1160 and then Rebounds $15.
In this report I cover the early market action from London on Thursday, August 16th, 2018. I look briefly at the precious metals, the stock market, the dollar and other major currencies.
Today I cover the topic of risk management and what strategies I follow with my savings and investments. I point out, of course, that every individual should have his or her own risk tolerance. For me though I find that risk money I can afford to lose allows me to sit through painful periods in the markets like we are facing in precious metals and crypto currencies at present.
Looking closer at the gold price today I speculate whether the sharp drop from $1175 to $1160 in just under an hour in Asian trading has marked a capitulation low for the precious metals. I note that the British pound made a similar move back in October of 2016 and that it marked a bottom then for sterling at $1.17.
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Don't worry about the price of metals, Maneco! Quite literally this is a buying opportunity to us, just as it was prior to the financial crisis. We could see spot Silver go as low as $9.
I like this content
That looks wonderful
It is really a lovely function of poetry as always writing items that symbolize the thoughts of the soul thank you for discussing around.
Could you give us your advice how to manage or stabilize one's psychology when things are going bad?
it's not easy and everyone is different but I try think about why I'm holding an investment and if the original case for holding it is still there then I tell myself: "what's there to worry about?"
The market in the case of a big drop my friend
What happens to a market?
You don't look very well.
"Fair winds todays maties as th' mighty Silverton tacks north mair than a mile! Fur aw ye auld ay th' horn stackers fa honored th' patterns an' moved against th' trend lines, hoo weel ye hae bin rewarded! An' hoo much future wealth ye hae added tae th' foondation ay yer stack! Arrrrrr! Sail oan men!
Todays is an up-days in the Buy Cycle...Ahh dornt buy oan up days!" -Keptin
https://steemit.com/silver/@joshuaslane/silver-adventures-of-captain-joshua-slane-16au18-chartwork