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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