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Gold/Mining/Energy : Imperial Metals (IPM.T) -- Ignore unavailable to you. Want to Upgrade?

To: Italian Investor who wrote (1093)	6/2/2012 11:35:02 AM
From: Italian Investor	Read Replies (1) \| Respond to of 1366

I am getting a little excited put a little more money to work on Friday buying more JEF that was the only name down 4% that was on my buy list. RFP has been very strong since announcing that 100M buyback they must be up about 15% since then. Berkshire seemed to be buying back there shares like RFP yesterday. I learned from last financial crisis when companies make it a plan to buy back shares you don’t lose much looking @ the names that were buying back during that time like AZO, so hopefully RFP will continue to buy as the market continues its slide. Berkshire looks like a rock here but my money is with the more risky holding companies right now in LUK (hedge for my largest holding once again JEF and a way of getting medal and Beef exposure) and L ( I like the people running this company pluss who better than Tisch to take advange of NG). I am in 1st place on my list of great investors finally that cash position is finally working for me. I am up 3% over FAIRX who fell to 2nd place. German bunds fell to negative on short term duration notes and US 10 year 1.46% it is so mind boggling and a WTF to me. What happens when people realize that T-billz are far from a safe haven and the mass exits takes place then I guess the fun starts. Then maybe it will not happen and it will be Japan all over again. I would hope and think when people realize there is no safe heaven in the currency world they will look @ the very high quality companies as safe heavens. How long can T-bills stay this low or keep going lower? That is the trillion dollar question will this be like Japan when rates don’t move for decades or will this be like the PIGGS when rates skyrocket out of the blue? Twist is really a smart thing to do if somehow they can get a huge chunk of that debt @ under 2% for 10-20-30 years well that is a game changer and will give us enough time to change our ways (but I still have little faith). I never told you but I have been thinking of shorting the 10 year for a while starting @ around 2.2% with one of those etfs that were 3X leveraged boy that would of been a mistake even if I only planned it for small money. I would have been wiped out. The Short Russell and S&P etfs I bought I got a small return because I sold them to quick but darn if I held them I would be up much more than 13% for the year I am just not use to shorting anything, I don’t have it in the blood. So all in all I dodged a bullet in T-billz and made a tiny return shorting the indexes. CSCO is becoming very cheap again don’t own it yet but in the 15s does not look like much risk you could put that name in the very cheap high quality sector. Anyways, QE3 looks like a done deal with that miserable job number not sure what they could do to have meaning but will be interesting. Anything major my cash position will dwindle down pretty quickly, but I will be on the sell button as soon as I get wind it is wearing off. Hope you are holding up! Starting to feel like Japan!