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Gold/Mining/Energy : Exall Resources/Glimmer Resources -- Ignore unavailable to you. Want to Upgrade?


To: James N. Wilson who wrote (1090)12/9/1999 7:28:00 AM
From: Winzer  Read Replies (1) | Respond to of 1319
 
EXL down GME holding steady, is there a story here? If you follow the activities of Bill Murphy and GATA by reading the Gold Price Monitor, they claim that the manipulators are in deep kaka, so if and when when things turn around even EXL will fly. Isn't that the way that things go even in a high wind even turkeys can fly.

James we're getting into a swap season in Canada, and it works something like this. You have a dog; but you think that it is worth hanging on to because you think that it is oversold and you have some profits from the internuts say. So you sell the dog from your cash account at a loss, make a contribution to your RRSP (read IRA in USA) and deduct/net the losses against your internut gains. Note: You cannot make a contribution in kind (stock) to and RRPS and trigger a loss that way. Then you can buy back said chien in your RRSP.

NOTE: You lurkers out there, this is not to be misconstrued as tax advice, just what I've heard. Talk to your own advisors then send me 8% over 100% of the profits when EXL does the turn around. According to GATA once the POG turns around anything with gold in it is fair game, yes even Exall. Remember what they're fighting over is the rule of law and convenient misinterpretations of a contract.

Winzer