Loading ...I’m no expert either but 30 days is right. Less you have favorite stocks only you can buy other stocks before then then move over after 30 days. They might not get you for the wash on first tax loss but when you sell the stocks you bought back for the tax loss and they see the dates they could get you then maybe with interest.Same with futures.
Take your TAX losses NOW
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…
Doubly glad I don’t live somewhere like Philly!
Plexiglass Is Racist In Philadelphia
http://www.zerohedge.com/news/2017-12-05/plexiglass-racist-philadelpia
Farmboy @ 16:56
If the cretins take silver down to $14 or $15 bucks then the physical offtake will kick the riggers right in the cajones. JMO
Getcher 5% yield here Getcher 5% yield here ………… Yeah that’ll work
Nearly Insolvent Illinois Just Issued AAA-Rated Bonds Via This Shady Goldman Sachs Financing Structure
So what do you do when you’re effectively a junk-rated credit risk but you need to sell another bond deal to keep your ponzi scheme going a little longer? Well, you turn to Goldman Sachs to help you engineer a shady corporate structure that supposedly gives new bondholders first dibs on sales tax revenue (i.e. you prime other unsecured bondholders)…which is just clever enough to fool the rating agencies into giving it a AAA-rating but, as analysts and investors point out, is unlikely to mean much of anything in a bankruptcy scenario. Per the Wall Street Journal:
Ororeef @ 16:13 So Called American Dominance? From The Propaganda Press
Wow, you’re very observant. I didn’t think of all those extra things. I have discussions often with people, and most of the time, their opinions are what they heard and learned from the mass media. I right away tell them, “you are repeating what’s on the news”
The lie they repeat the most? Raising the minimum wage will kill jobs. No, globalization kills jobs. Raising taxes on store fronts, then land lords raise rents, then store owner gives up, close down and kills more jobs, civil service tax absorbing jobs are to generous.
The Media will NEVER say we can’t give police and teachers a raise, it will kill jobs. If the minimum wage was $3/hr, it would create MILLIONS of jobs. Each person would need 4 jobs. 🙂 Many citizens would open thousands of businesses to capitalize on that.
Hire at $3/hr and charge $6/hr.
Ororeef @ 16:18 Dont Know That Anything Means Anything Anymore,
but you have 30 years saying you are Right On .
Capt. Hook
I don’t know what silver would do in a crash but I have a feeling in the crash that’s coming there’s going to be a whole lot of things that go “no bid”
The one thing I agree with Jim Rogers on is that the next crisis will be worse than anything any living human being has experienced.
I think we’re finally starting to see cracks in the SM. There’s a lot of selling under the surface right now and the algo’s are starting to get overwhelmed – JMHO
Ororeef, ‘They’ Did Not Take Anything,
our esteemed Elected Elite gave it all away. Bad trade deals, welfare, etc.
Drain The Swamp
Beware of SELLING Silver
as its a temporary lull ,as soon as it over getting positions back will be difficult at best ..but then thats what makes bull markets with a bunch of “SOLD OUT “bulls watching it run away from them.January will tell ..thats when it turned last year ….
American Dominance ?
since when ? They took our jobs ,our wealth producing capacity ,and gave us the trash producers that produce nothing ,welfare consumers bankrupting our cities ,bomb throwers,Jahidies ,degenerates …it seems the Media as usual plays with WORDS ..up means down,moral means immoral DOMINANCE means SUCKER ,FOOL ..What will the Media call us now ?
aufever @ 11:27 Mayfield IS Awesome !
Was expecting better from the Gators this year. Floridagold for Head Coach !!
Best I Could Do Today, They Dont Seem To Be Keen On Selling At These Prices :)
SLV March 16 strike
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Bought to Open 100c @ $0.32 – Total: $3,206.95
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AFTER 50 Years, The USA Seeks Foreign-Meddling Curbs Re Russia
UK, Brexit, same thing, after 50 plus years they don’t want meddling from Europe. Meddling = stealing. Nothing left to steal. Problems popping up. Reversals of the past meddling?
AFTER 50 Years, Australia Seeks Foreign-Meddling Curbs Re China
Australian Prime Minister Malcolm Turnbull said he would introduce legislation to limit political meddling by foreign powers, citing reports of Chinese influence over a local lawmaker and Russia’s U.S. election interference.
People or organizations acting in the interests of foreign powers would be required to register and disclose their ties, Turnbull said, adding that foreign political donations would also be banned.
“Foreign powers are making unprecedented and increasingly sophisticated attempts to influence the political process,” Turnbull told reporters in Canberra on Tuesday. “We will not tolerate foreign-influence activities that are in any way covert, coercive or corrupt.”
Senator Sam Dastyari resigned from a senior position with the opposition Labor Party last week after he acknowledged warning a Chinese businessman linked to the Community Party that his phones were being tapped by Australian intelligence agencies. Dastyari, who remains in parliament, had previously said that a Chinese company with links to Beijing had paid a A$1,670 ($1,275) travel bill for him.
“We have recently seen disturbing reports about Chinese influence,” Turnbull said, adding the reforms were not targeted at any one country. Asked about Dastyari, Turnbull said: “Senator Dastyari’s solicited money from a Chinese national. It was as blatant an act of political interference you could imagine.”
Australians were familiar with the “very credible reports” that Russia sought to actively undermine and influence the U.S. election, Turnbull said.
Under the legislation, which wasn’t expected to be voted on until next year, the definition of espionage and treason would be updated to make failing to report the receipt of information — not just passing it on — an offense.
“Foreign intelligence services are engaged in covert influence and interference on an unprecedented scale,” Turnbull said. “This activity is being directed against a range of Australian interests, from our political systems, to our commercial interests, to expatriate communities who have made Australia their home.”
Australia has long sought to balance its military alliance with the U.S., which bases as many as 2,500 Marines in the country, and China, which is its largest trading partner. China’s rising soft-power influence and militarization of the South China Sea have become an increasing concern in the Asia-Pacific region.
Chinese Ministry of Foreign Affairs spokesman Geng Shuang told a regular briefing Tuesday in Beijing that he hadn’t seen Turnbull’s comments, but said that “China has no intention of interfering in Australia’s domestic politics and has no intention of using political contributions to influence Australia’s domestic affairs.”
“We once again urge Australia to discard prejudice and use a fair and objective attitude to view China and China-Australia relations,” Geng said. “A stable China-Australia relationship is not only in the interest of China. It is also in the interest of Australia.”
Comment:
WATCH OUT for Europe Russia and China, NOT, N. Korea, Iran, Syria and Cuba. Decoys, diversionary tactics, false media info.
10:20 American dominance ‘becoming history,’ TIME TO CELEBRATE!
“American dominance” killed this country, culminating with the great recession of 2008, after giving all our gold away 1934 to 1971, then take all our work away after 1975 to 2008.
It’s about time some other country becomes gets “blessed” with global reserve currency status, and becomes the victim of global socialism, and the responsibility of helping other nations economies and global corporations prosperity.
American “dominance” is becoming history SIMPLY because there is NOTHING left to give, or lose to globalization. All the people gleefully buying and driving imported cars since 1971 did EXACTLY what the dominators of “dominant” countries wanted.
Maddog @11:57
Thank You, Maddog for your kind words.
More bearish PM news
http://www.zerohedge.com/news/2017-12-05/trump-tells-abbas-he-intends-move-embassy-jerusalem
So needless to say it was a good idea for someone to dump $ 1.5 Billion notional onto crimex
http://www.zerohedge.com/news/2017-12-05/gold-breaks-below-key-support-drops-4-month-lows
and the beat goes on and on and on and on !!!!!
Winedoc
Under spot, that’s really good. From my experiences through the years I found that many of these sellers cannot predict accurately bottoms or tops or at least feel them. So that can be to your advantage. This time I don’t think anyone knows lol. I easily traded a bunch of sliver a week before last silver high of 49 for gold months before gold high. They were telling people to buy silver at the time near the high. I ” felt” they ” sellers” were going to get out before it reached 50 which in long term charts would be a double top for 1980 high and pull back so I thought if I wanted to save money trading one for the other and didn’t want to get too close and stuck working better be earlier than them.
Good to grab collectibles too they hold their value better during declines.
Little did I know the Koalas would be collected to the degree they were for instance a bought a few in 2007 in 2007 first edition and since. Then during rises the Koala surpassed and actually the first one 2007 was selling for 100. If I knew that then I would of bought just them instead of eagles or even gold. One dealer was buying them back in the high 70s during silver moving up surpassing some bullion.
The others can be sold more than spot too depending on the year some more some less. I’m guessing how it goes the last edition when ever that will be will be more valuable as it’s usually. The first which is the most and last then the others depending on how many they made or particular design. So good to diversify.
Armstrong argues that the younger generation doesn’t understand PMs like the the people who took the candy bar over a silver dollar video. That it will go up during movable assets but not like it would when the majority of people understood. However I think he picked out particularly clueless people. That it can also be a medium of exchange in a all digital currency. As is a silver quarter can still buy a gal of gas and more.
Also many of the young think of anyone who owns the metals is a measure of wealth or must have money to buy it. So be careful that it could spread to any crooks listening in or heard second hand. That includes friends of your kids talking and someone overhears them or people can get ideas.,Then we have the Gov crooks hunting money. Even following kids to school in Australia to see who was going to private school then asking where the parents got the money. How much different than other crooks? Be market or PMs it’s all about them keeping you poor so they can get rich and can never be free they just go about it in other ways than fascists or socialism to set up the illusion people are free. It is one valuable asset to leave to heirs because it isn’t digital and through the years heirs can get tax free gifts of a certain amount depending on country as as far as getting it all at once you were just storing it for them. You’ll have to keep track of that on paper for them though. If ever a divorce or death first you’ll have to be real careful because if they remarry your kids may be left out and some old bloke and his kids gets all your hard work if your other dies before any new person they marry. Women ” mothers” are usually more careful about that then men are though but they can be tricked or people can change. Your young now still but something to think about later.
Even siblings can turn on each other sometimes even parents. Sometimes you don’t really know people even family until self interest or selfishness comes into play and theirs no normal grief or fairness with them their just ready to swoop in even if it’s something not meant for them or just them , even a gift from another sibling they’ll take. So look after your own and don’t assume anything beaus either the totally fair or honest with something like that are far and few between.
Also remember despite all the negativity about PMs look at all the negativity about Bitcoin, it didn’t stop it may be just trying to wash out the longs and turn them bearish. Another meaning of years of hard work because you always have to have your eyes open watching every move with this volatile commodity.
Of topic of you could get through all this recap what we already know what do you think about this Turner Classic Movie wine they sell. They base them on movies. I was thinking of getting some for Christmas gifts. Know little about the wine industry except maybe some ingredients for flavor and moderately aged at least.