» Simit's Stock Portfolio & Trading Plan |
The Portfolio
The portfolio below does not include Simit's investments in high growth potential companies with market capitalization below $100 million. Those investments and more are available to Gold Club subscribers.
The Plan
1. I'm willing to risk at least 50%, while looking for at least 5X return on overall portfolio.
2. Buy at support, or a massive sell-off. Focus accumulation of uranium miners employing ISR techniques, gold miners with unique properties, royalty gold stocks, and firms with top management.
3. If any position doubles in value, sell half.
4. Hold the rest till top of market. For uranium miners, this is at least a price per pound of $140 in the uranium market; for gold, it depends: need to see a new international monetary agreement and some type of resolution to the global sovereign debt crisis.
5. Exit uranium if China and India back off nuclear.
6. Possibly exit on change of management.
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Gold Club subscription provides members with - Recommendations of companies whose market capitalization is under $100 million that are believed to have explosive growth potential
- Monthly updates on Simit's portfolio and recommendations of all stocks he holds
- A watchlist of stocks he is considering buying on dips
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To get a sample of Simit's writing style, and to see his coverage of macro issues as well as companies with a market capitalization larger than $100 million, see his commentary on SeekingAlpha.
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» South Africa holds rate on inflation risk, cuts GDP forecast |
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May 23, 2013 - by InformedTrades
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South Africa's central bank held its benchmark repurchase rate steady at 5.0 percent, as expected, but cut its growth forecast and appealed for price and wage restraint to avoid higher inflation.
The South African Reserve Bank (SARB), which cut rates by 50 basis points in 2012, painted a bleak picture, saying domestic growth prospects were fragile, consumer confidence was low, the mining sector was plagued by continuing disruptions, the supply of electricity was constrained and the global economic environment was weak.
South Africa's rand currency has been falling in value, down by some 4.6 percent against the U.S. dollar since late March, as the confidence of investors since mid-2012 has been undermined by fraught labor relations and high wage demands, especially in the mining sector, and worries over a growing balance of payments deficit due lower commodity prices and mining exports.
"The current level of the exchange rate, if sustained, poses a significant upside risk to the inflation outlook," the SARB said in a statement.
The central bank cut its 2013 growth forecast to 2.4 percent from 2.7 percent and to 3.5 percent from 3.7 percent for 2014. In 2012 South Africa's Gross Domestic Product grew by 2.5 percent.
By 2015, SARB expects economic growth to accelerate to 3.8 percent, with the negative output gap starting to close that year after widening this year.
In the fourth quarter of 2012, South Africa's GDP expanded by 2.1 percent from the third quarter for annual growth of 2.5 percent, up from 2.3 percent.
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