Goldtent TA Paradise

Back to the Drawing Board

1. neildavis2002 says:

   January 26, 2016 - 11:35 am at 11:35 am

   Silver is breaking out of its triangle pattern to the upside today as well.

2. neildavis2002 says:

   January 26, 2016 - 12:32 pm at 12:32 pm

   Remember when that neckline broke on the 19th there was a commenter seriously considering selling their positions at a 90% loss. You could feel the fear. It was most of their savings in those positions. Maybe that was a final flush out. We’ll see.

   • Mamare says:

     January 26, 2016 - 12:36 pm at 12:36 pm

     It was me!
     It was referred to my position on those damn silver stocks!!!!
     But I did not sell…….let’s hope this time the bottom is for real…….

     • Cashcosts says:

       January 26, 2016 - 1:22 pm at 1:22 pm

       Maybe you should sell and take the tax loss. Then just buy similar positions but not the same. That’s what I would do. You book a big loss and just buy another gold proxy. If you are down 90 percent in GDX, just sell it, book the loss and buy GDXJ immediately. Those are the tax rules here in the US at least.

       • Fullgoldcrown says:

         January 26, 2016 - 3:06 pm at 3:06 pm

         Good Advice

       • Mamare says:

         January 26, 2016 - 4:16 pm at 4:16 pm

         Thank you Cashcosts,that’s very kind of you!
         I have big losses on paas-ssri-slw and ag (silver stocks).
         I will consider your kind advice though I’m not in US so I will inform myself about the tax rules here,if I remember correctly it should be possible to deduct losses for no more than 3 years.
         I’m also buying what You ,Spock and other great people here are suggesting,of course until this damn bear market is over any move would not be fully decisive. 🙂