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Gold/Mining/Energy : Imperial Metals (IPM.T)
IPM 1.940+1.0%Nov 7 9:30 AM EST

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To: Italian Investor who wrote (965)1/16/2012 7:09:54 AM
From: refugee investor  Read Replies (1) of 1366
 
Glad to hear things are chugging along!

I usually find Faber to be the most interesting but this year he seemed kind of dull. His advice is probably ok--be diversified.

Tesco is obvious but it could keep falling for a while. Maybe I will buy some myself.

It is possible that banks will stay down for years. Sectors that have a bubble and a crash often do I think, like tech after 2000. I realise they are so cheap you can still make out like a bandit, just saying. I have been worried that the Europe crisis will knock banks for a loop again, European banks but also US ones, because people will be afraid of derivatives and foreign exposure. That may be wrong, maybe we will get lucky and people will just flee European bank stocks and put money to work over here in American ones, that would be nice. Still it is hard to see how Europe will avoid a recession at the least, and that may knock us, and the American banks, back a couple of steps too.

If you are a true value investor and have time, none if this matters, they will eventually come back.

What did you think of Buffett's IBM buy?
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