Just one more thought to bear in mind. If you sell a stock for a tax loss and buy it back 30 days later,your new adjusted cost is much lower . You will now have to pay tax on your capital gain starting from the lower cost.

Example

You bought kxl @ $2.00 and it is now .70.If you hold the stock and it goes back to $2.00, you pay no tax.

If you sell @ .70 for the tax loss and are able to buy back in 30 days @.70.your new cost is .70. So if the stock goes back up to $2.00 , $1.30 is your capital gain and taxable.

The biggest risk with tax loss selling is being out of the market in volitile times such as these. With news about to be released and gold climbing, I personally would not be taking a tax loss here.

Tax loss selling works much better with Mutual Funds, where you can for instance sell 1 global resource fund and buy another similar fund from another fund company which holds many of the same stocks.

I know many of you know this stuff already, but if it helps someone , I'm glad! Rico