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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (43843)	1/4/2006 6:17:36 PM
From: regli	Read Replies (4) \| Respond to of 116555

Mish, I don't think his take is so ridiculous. In my understanding and definitely in my personal case of a short sale, any short or long as of December 31 on the COMEX has to be marked to market and therefore the loss is in the books even from a tax perspective. Now I can't tell what it is for a Canadian company but in the U.S., this would be the case and as it is listed on the NYSE I would think the U.S. rules would apply as well. Why couldn't they hit trouble much earlier as their losses mount with a rising gold price?