$1407. Gold! $29.23 Silver!
mrearlygold
Posts: 17,858 ✭✭✭
mrearlygold
Posts: 17,858 ✭✭✭
mrearlygold
Posts: 17,858 ✭✭✭
Comments
Holders of equities (ETFs, stocks) might want to keep an eye on the tax cut extension issue. If tax cuts are not extended into next year there will probably be a big sell-off of equities before the first of the year as investors lock in on captial gains at the lower 2010 tax rate. Might not be a bad idea to cash in with a profit within the next week and buy back at a lower price after the first of the year.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Looking good.
Holders of equities (ETFs, stocks) might want to keep an eye on the tax cut extension issue. If tax cuts are not extended into next year there will probably be a big sell-off of equities before the first of the year as investors lock in on captial gains at the lower 2010 tax rate. Might not be a bad idea to cash in with a profit within the next week and buy back at a lower price after the first of the year. >>
I think the target date for the 'selloff' from the tax issue is the 15th. After that I believe whatever isn't done is in fact in effect for next year until any 2011 adjustments were to pass. If they no-vote the extensions the 15th is the profit taking day from what I saw.
Tried to find the story I read earlier on that from cnnmoney but it's gone.
edit 2: found it elsewhere - linkage
"Might not be a bad idea to cash in with a profit within the next week and buy back at a lower price after the first of the year."
Cash what in, stocks or PMs or both?
Too many positive BST transactions with too many members to list.
<< <i>"Might not be a bad idea to cash in with a profit within the next week and buy back at a lower price after the first of the year."
Cash what in, stocks or PMs or both? >>
Both will suffer in a sell off. Dumping equities is easier and cheaper than dumping physical. Physical will recover quicker and if you want to sell high and buy back lower after the first of the year, go for it. I'm holding physical and will use profits from equities to buy more physical on the dip (could be a nice dip if market crashes in the sell-off).
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Whew
Eat a hotdawg, drink smoe airborne, and back to bed
Edited to add : need to wear my glasses more often too obviously
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>Looking good.
Holders of equities (ETFs, stocks) might want to keep an eye on the tax cut extension issue. If tax cuts are not extended into next year there will probably be a big sell-off of equities before the first of the year as investors lock in on captial gains at the lower 2010 tax rate. Might not be a bad idea to cash in with a profit within the next week and buy back at a lower price after the first of the year. >>
Silly idea. Don't sell and don't have a tax issue.
<< <i>
<< <i>"Might not be a bad idea to cash in with a profit within the next week and buy back at a lower price after the first of the year."
Cash what in, stocks or PMs or both? >>
Both will suffer in a sell off. Dumping equities is easier and cheaper than dumping physical. Physical will recover quicker and if you want to sell high and buy back lower after the first of the year, go for it. I'm holding physical and will use profits from equities to buy more physical on the dip (could be a nice dip if market crashes in the sell-off). >>
When you say that physical will recover quicker, do you mean a giant spike in the premiums for buying actual metal? For the past 2 years, physical metals have been in perfect tandem with paper prices. Are you suggesting some type of a disconnect?