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Gold/Mining/Energy : Imperial Metals (IPM.T)
IPM 1.920-2.0%Nov 6 3:59 PM EST

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To: refugee investor who wrote (1145)8/20/2012 8:52:40 PM
From: Italian Investor  Read Replies (1) of 1366
 
Old lecture by James grant that I missed
youtube.com

Refugee you are like Jimmy Rogers always traveling the world. Good to see your ng stock is starting to perform use your magic and make mine perform better. You are right 550M does not seem like a lot for what they have in assets from what I remember especially if you think medal prices will be significantly higher looking out like I do. If I had to bet if Imperial would be significantly higher 5-10 years from now I would bet higher. If I were to bet on the next 6 months to year I would bet lower, so if I get lucky and speculate right it will be like old times again actually talking about Imperial on the Imperial msg board. I still remember with that name thinking I was getting a great deal @ 14-10-7-5-4-3 then running out of money then it went to .93 and I can’t get that out of my head. A 2 year old could have saw they were worth significantly more but here we were @ .93 cents. It was not just them it was pretty much every medal stock. I never did any research or anything on this but it is my guess the medal sector had to be up there in the worst performing sectors when the S&P hit 666. So, if you believe like me in the next 1 or 2 years there will be a blow up it is scary to jump in and go long any medal stock. I actually been in and of of LUK trying to get some medal exposure just in case I am wrong and the sector goes higher and I get caught thumb sucking. Maybe I should take a starter position just to give me the energy to do some HW again on this name just in case my dream comes true. I actual did start a small position maybe a month ago but it went up like 7-8% in a day and I jumped ship. I am finding it harder and harder to swing @ anything the more I pay attention to the Macro views of some of my heros.
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