Barry Stuppler was on today telling us about a trend taking place this year. After 13 years of profits in precious metals, 2013 was the first down year. Investors had large profits in the stock market and real estate and are selling off their precious metal holdings to realize losses to minimize their 2013 tax bill. Their intent is to repurchase their holdings after 31 days. Not a bad strategy if the timing holds out, “if” being the operative phrase.
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