Is it Time to Take Gold and Copper Seriously?

With gold bulls sitting on the sidelines for some time now, and copper bulls basically being an extinct species it's a bit of a surprise to see a trader poke their head out and say....it just might be time. And when that trader is our friend Carley Garner we pay attention. But we aren't the only ones. Mad Moneys Jim Cramer brought Carley into the studio this week. Check out Carleys Mad Money appearance and her call on gold and copper. You better be paying attention.



Carley Garner is a technician and co-founder of DeCarley Trading and author of "A Trader's First Book on Commodities." Click here to get it on Amazon.com


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Tax Treatment of PFGBest Losses

Our friends at DeCarley Trading are reminding Ex-PFG clients to be sure to properly claim the fraudulent losses on your tax return......


Many of you have been asking about the tax treatment of losses sustained at the hands of PFGBEST. Please see below statement from the CCC:

The IRS has confirmed that victims of the PFGBest fraud can access the optional safe harbor mechanism set forth in Revenue Procedure 2009-20 so that victims can claim their losses as theft losses. Responding to the CCC’s request for guidance, the IRS stated in a letter:

…the PFGBest scheme qualifies as a “specified fraudulent arrangement” within the meaning of Revenue Procedure 2009-20. Thus, investors who otherwise meet the requirements of Revenue Procedure 2009-20 may use the safe harbor, following the procedures as set forth in that revenue procedure.

The full response is posted below, along with the documents necessary to utilize this mechanism. Please note: it is not required that PFGBest victims use this procedure. It may not provide the best solution for your particular tax situation. Claimants in the PFGBest case are urged to consult their tax professionals as soon as practicable to determine if it is appropriate and wise to seek relief under the safe harbor deduction for theft losses. You may need to provide the following documents to your tax advisor:

IRS Response to CCC
Revenue Ruling 2009-09: PDF Version
Revenue Procedure 2009-20:PDF Version
CCC Request to IRS CCC Request to IRS
Wasendorf Plea Agreement Wassendorf Plea Agreement
Wassendorf Judgement Wassendorf Judgement

DeCarley Trading

info@decarleytrading.com

1-702-947-0701

www.decarleytrading.com

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DeCarley Trading is Joining the Zaner Group

Test drive our video analysis and trade idea service for only $1.00

DeCarley Trading has announced that they have teamed up with the Zaner Group. With their new brokerage arrangement, they are able to offer the same great rates for both full service and discount online traders with the extraordinary service our brokerage clients have grown to expect!

For over 30 years, Zaner has provided brokerage services to traders worldwide in the futures, commodities, metals, currencies, energies and forex markets. We are confident the reliable clearing through various FCMs and top notch research offered by Zaner will be great assets to our clients.

Zaner is a member of the National Futures Association (NFA) and is registered with the Commodity Futures Trading Commission (CFTC). In addition, Zaner is a member of the National Introducing Brokers Association, Illinois Chamber of Commerce and has an A+ rating from the Better Business Bureau.

Visit DeCarley Trading.com to get all the details on opening an account.

And if you are new to commodities trading make sure to get a copy of DeCarley Tradings own Carley Garners book, A Trader's First Book on Commodities


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