Will Year-end Tax Loss Selling Impact Gold and Silver Investors?

Loading...
Loading...
What has been completely overlooked or not mentioned during this sizable run up in stock market profits, including the precious metals sector, is the imminent advent of tax loss selling. Every year around this time, as sure as snow falls in Vermont, more than ever, there are reasons why this unmentioned event is apt to be at least modestly affecting stocks before the year-end especially precious metals. Gold has risen over 18%, silver has shown a rise above 50% on the year. Prices are reaching new highs but can they be maintained? I believe we may see more volatility as a breakout on the SPDR Gold Trust
GLD
must be monitored especially as investors who have made impressive gains may decide to take profits before the end of the year. The reasons for this are manifold.
Continue reading the article
.
Market News and Data brought to you by Benzinga APIs
Posted In: Long IdeasShort IdeasTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...