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

To: refugee investor who wrote (1211)	12/26/2012 3:19:25 PM
From: Italian Investor	Read Replies (1) \| Respond to of 1366

I don’t have a margin account so the only way for me to short anything is by etfs. I am sure there are better ways (pretty sure Kyle uses put options). I own both JGBS and JGBD. JGBS is not expensive there is no leverage, I never really looked into it but you are not going to pay more than 1% a year it is pretty inexpensive. JGBD is expensive do to the constant fees incurred due to maintaining the leverage it will cost you 5% or 6% a year so time is not your friend here. Most people prefer the levered one looking @ the daily volume I guess everyone wants to get rich quick. I have most of my short position in JGBS. I can see myself going more into JGBD if cash runs low do to equities becoming cheap or inflation really starts to accelerate but until that happens I am happy with the bulk being in JGBS. Rates on the 10 year went from .77 to .79 since he got elected I believe. Kyle I am sure is short a lot of different instruments but the 2 I can easily follow him in are JGBS and he recently became short the YEN. I am sure he is doing it in a more intelligent and cost effective way than me like using put options on JGBs but I don’t do that stuff. If Japan falls apart in less than 2 years like he thinks there is a lot of money to be made in these investments if it does not happen you will not lose much in either JGBS (already the Jap 10 year is the most overvalued bond in the world and it is very hard seeing yields going any lower) or YCS (the new guy is on record saying he wants the Yen over 90 so you can use 90 as the bottom and we are not there yet) but JGBD you can lose here because time is not your friend, but if you time it right you can make a truck load. I was just playing on STD good to see it would most likley be profitable for you.