Tax Loss Silly Season
Sunday, December 21, 2014 at 05:23PM
Gold Prices

This article was found on 321gold by Bob Moriarty, well worth a read.

Dec 18, 2014

I read something a couple of days ago about the Tax Loss season. When investors take a hit, they tend to dump the shares in December to move into something else. They take the loss and write it off. The interesting thing about the Tax Loss season is that for the past 11 years if you bought the gold/silver indexes on Dec 22 and all you did is hold for 90 days you would make a profit. That is if you were smart enough to take profits, many people aren’t.

It seems pretty obvious that we have been in a major bottoming pattern for two months with the resources. They are thoroughly hated and despised by burned out investors still licking their wounds. There will be a lot of selling of stocks this Tax Loss Silly Season. If you are smart enough to duplicate last year, buy the stuff now and hold it for 90 days. I have identified a couple of companies that have been beat and battered in spite of good news.

read more....

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