OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Take your TAX losses NOW

Posted by Ororeef @ 21:52 on December 5, 2017  

because next year you ain’t gonna have any ….Thats why Silver & Gold arent doing anything…but that will soon be over make the most of it so you will have some cash because bottoms will come probably on the 19th of JANUARY like they did last year …It took a lot of courage to see that bottom and ACT on it and yes I caught  it just right ..The dates are important and turns occur at or near the turn dates ..remember this if the Markets are at record highs they will turn on the same dates just as when they are at RECORD LOWS watch the turn dates for a change in direction ….just as I said about OCTOBER ..if the Market dont turn down by NOV 7 ,it aint gonna ..and it didnt (DOW)..January will show us whats to expect for the rest of the year ..not the exact date ,but darn close to it …If I recall correctly you need to wait 30 ? days after a sale for tax reasons to establish  a loss and re enter the same stock otherwise its called a “WASH” sale and you be denied the loss .I am not an accountant ,but thats what I recall ,so check on that yourself …Thats why Silver will pop I think about Jan 19 or so ..the 30 ? day wait time will be over …Please correct me if Im wrong about that …I dont do my own TAXES ,my CPA does it.So I may not be up on that…

I found this please verify with your own account  …  https://www.marketwatch.com/story/understanding-the-wash-sale-rules-2015-03-02  I may be wrong on the 30 day wait ,it may be 61 days according to what I just read,check it for yourself…

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.