Imperial Metals (IPM.T) Message Board

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Gold/Mining/Energy : Imperial Metals (IPM.T)

IPM 1.850

-6.6%

Nov 13 3:59 PM EST

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To: refugee investor who wrote (687)	10/26/2010 11:36:14 AM
From: Italian Investor	Read Replies (1) of 1366

Yea looks like a financial fund now that you mention it did not even realize it because I did not really care what he held never heard of him before Buffet selected him. Yea Imperial is setting all time highs everyday wish I could say I had a significant % of my net worth there but I don’t was expecting a bigger pull back that never happened to add more. Medals have been on a tear this year as you know, I sold too early on a number of medal names, First majestic being the one I am most mad on because it went up over 50% more since I sold maybe more I do not remember what price I sold @, I was happy @ the time with a 40% or 50% return in a few months. Anyways I am not much into that sector anymore cdy and imperial are my only holdings. The whole sector seems a little overbought @ the moment, but can go much higher because the little guy is buying now and funds are increasing there exposure to the medals. The prices of medals could go much higher kind of like the NASDAQ bubble years back. Everybody is getting involved in this sector they are having gold parties in my neighborhood, and many more of my friends and family are talking about gold and silver when they never did before. I have no idea how long this can go on but as long as it continues Imperial is going to keep chugging and if we ever see gold @ 4000 or 5000 Imperial will be a significant holding again do to the market being irrational. I honestly would not sleep well @ night if I held 20-30% as I did in the past I am very comfortable with 3% of my net worth there.

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