Daily Updates

Mark Leibovit’s Daily Comment on Gold

Posted by Mark Leibovit - VRTrader

on Tuesday, 6 December 2011 14:33

GOLD – ACTION ALERT – NEUTRAL
Gold and silver also ran into a stone wall yesterday as the ‘Don’t Worry, Be Happy Crowd’ reveled in the thought Europe was about to get a new treaty which would allow ‘the vermin’ to concoct more ways to cover up their ponzi schemes, just the way a dog attempts to cover up his ‘constitutional’. The proposed treaty threatens to divide the 17 countries that use the Euro from the other 10 nations that are part of the larger 27 nation European Union. Do you really think for one moment this is going to happen. More than likely the Euro will collapse when all is said and done and the bear market in equities (worldwide) will resume.

Gata.org reported today that AngloGold Ashanti CEO Mark Cutifani said that big buyers of gold are having trouble getting the volumes they want and so are approaching the mining company to try to get metal directly. Apparently bullion bank deposit receipts don’t have the respect they once did.
FOLKS, IT IS NOT A QUESTION OF BUYING GOLD (or Silver) AT THE BEST PRICE, BUT THE ABILITY TO BUY IT AT ALL! If supplies don’t dry up first, government may prevent you from obtaining gold.
We’re basically caught in a wide range bounded by 1655 and 1804 in spot gold. I believe a move above 1804 could result in seeing new highs (or at least a test of highs), while a break of 1655 could send gold back to the 1531 low from back in September or lower. I told you yesterday that since gold has just rallied $100 and could very well retrace half that advance back to 1700. Well, we’re now trading at 1707 in overnight trading – a 50-point plus retracement now in progress. Take advantage of any weakness when you can.

30 Minute Chart from 6:41am Dec 6th

Screen shot 2011-12-06 at 6.40.44 AM

sc

 

About Mark Leibovit

Mark Leibovit’s has been so successful this year alone that Timer’s Digest has him ranked as the #1 Stock Market Timer of the year in 2011 so far, an award he’s won in previous years. Mark has also done so well trading Gold it has just been announced that Mark is Timer Digest’s #1 US gold timer in 2011.

The above is just a portion of Mark’sVRTrader. Much more analysis contained every day in To subscribe just send an email to mark.vrtrader@gmail.com,  call 928-282-1275 or Click HERE to Subscribe.

Year End Tax Loss Strategies Using ETFs

Posted by Don Vialoux: Timing the Market

on Tuesday, 6 December 2011 14:18

Canadian equity markets, Exchange Traded Funds, mutual funds and individual Canadian stocks have had less than a stellar year in 2011 to date. On average, most Canadian securities are trading at lower levels than recorded on December 31st 2010. The TSX Composite Index is down 10.2 percent. Opportunities to reduce capital gains tax are available by switching out of Canadian listed securities with a capital loss prior to the close on December 23rd. Realized losses can be applied against realized capital gains, can be carried back three years or can be carried forward indefinitely.
Investors can avoid the 30 day rule set by the tax man when realizing capital losses. Investors are required to wait 30 days before buying back a security in order to preserve the loss for tax purposes. Instead of waiting for 30 days to repurchase a favoured security, investors simply can switch into securities that have comparable investment characteristics. Opportunities to switch from existing Canadian listed ETFs trading at a loss into similar ETFs are listed below. Leveraged ETFs were not included in the survey. ETFs with a loss of 10.0 percent or more since the beginning of the year were identified:

clip image011 thumb2

Click on image or HERE for larger chart

The price of gold has rocketed 22% this year while gold miners have languished, down 3% on the year. This trend won’t last. Miners are flush with cash and will be for the foreseeable future. Before Wall Street catches on, now’s your chance to add some shares of your favorite gold miners.

 

It is now evident that the gold price has been trapped in a narrowing trading range since its early September pre-plunge peak – a Symmetrical Triangle. This type of Triangle, which indicates a state of collective indecision, can lead to a breakout in either direction, depending on what fundamental developments ensue. The main reason that this large standoff pattern has developed at this juncture, in addition to that of an overbought condition having developed that needed correcting, is that the market has been unable to determine which of the primary economic conditions of deflation or inflation is set to take precedence.

 

The point is investing is a bit like novelwriting: It looks easier than it actually is. In reality, the popular adage that you need 10,000 hours of practice to master any craft probably applies.

 

Most wealthy people delegate the management of their money to professional portfolio managers or so-called “Managed Money.” Some do this because they’ve learned the hard way that they’re not so great at managing their own personal wealth.

More likely, these are smart people who believe in the division of labour and concentrating on doing whatever it is they do best to make the money in the first place. Typically that’s building a business or exploiting a lucrative specialty in such professions as law, medicine or dentistry.

test-php-789