At a bottom now for gold? Message Board

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Gold/Mining/Energy : At a bottom now for gold?

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To: Roebear who wrote (814)	10/19/1997 7:04:00 PM
From: Alan Whirlwind	of 1911

Roebear, correct on both counts--I'm a gold bug. Do you know the rules for the new gains tax cut? Isn't it a five year hold on stocks before you get the cut or is there a two-tiered scale for one and five year holds? We have a wild card developing here with regards to gold/silver sales in India. As of January 1st the 25% or more premium Indians currently pay for precious metals purchases will be slashed dramatically by law. Indians are currently ignoring their traditional yearend buying binge and waiting for the first of the year. This has given slack to our markets and possibly hurt the spot metals lately. If gold doesn't make its spike down to new lows by Christmas, it won't happen in my opinion.

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