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Russian Stock market great long term buy: inflation down 50% YOY


 -- Published: Thursday, 17 March 2016 | Print  | Disqus 

By Sol Palha

For a long time, we have been stating that the Sell-off in both the Ruble and the Russian stock market provided the astute investors with a great long-term buying opportunity.  Well, this chart proves that things are getting better and that the Sanctions that the West imposed on Russia at the behest of the America was a stupid idea, but more importantly, it has made Russia even stronger. The chart below is proof of this; inflation is down over 50% year over year. Translation things must be getting better.

 
http://goldseek.com/news/2016/3-17sp/Russian%20inflation%20down%2050%20percent.JPG

Game Plan

Prudent investors should start looking for gems in the Russian market; one good way to play the Russian bounce would be to open positions in the ETF RSX.

Top 10 Holdings of RSX

 http://goldseek.com/news/2016/3-17sp/RSX%20top%2010%20holdings.JPG

Technical outlook

 http://goldseek.com/news/2016/3-17sp/rsx.jpg

Game plan

It will face resistance in the 16.00-16.50 ranges, so it would make sense to wait for a pullback to the 13.50-14.00 ranges before committing new funds. Alternatively, you can look to sell puts at specific target price; if the stock trades below the strike price, the shares will be put to your account. Selling puts allows you to place a limit order and get filled at a better price than the limit set because your premium further reduces the cost of opening a position. 


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 -- Published: Thursday, 17 March 2016 | E-Mail  | Print  | Source: GoldSeek.com

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