The document summarizes David William Paul's presentation to the VectorVest SA User Group in July 2013. Some of the key points discussed include: - The US dollar was expected to strengthen against other currencies like the euro and pound in the coming months. - Falling gold prices indicated deflation was more likely than inflation globally. China's credit crunch added to downward pressures. - David's various investment funds performed well in 2013. His model portfolio contained undervalued shares with good fundamentals and upward trends. - Mining shares like Anglo and Billiton were discounted due to a slowing China, contrary to predictions months prior that their prices could not fall further. VectorVest ratings correctly identified downward pressures before

1. VectorVest SA User Group July 2013
Written and presented by David William Paul

2. Dow
No Distribution
Still on the way to the top line

3. Dow

4. Dow

5. Euro$

6. Pound $
1.15

7. Gold
Due for a bounce that’s all

8. $ Rand
Substantial weakness ahead.
5 wave continuation pattern is ominous

9. $ strength
• The story over the next few months would seem to be
that of $ strength across the board.
• I told all about the trades long of the dollar against the
pound and Euro at the last two monthly meeting.
• The falling Gold price leads me to the conclusion that
deflation is more real than inflation in the world.
• The credit crunch in China adds to the headwinds
and adds to the probability of downside there. That’s
knocking the miners for six.

10. Jse Composite

11. Color Guard

12. David's Growth Fund in 2013

13. David's VST and YSG in 2013

14. David's Big Hitters NOW

15. My model portfolio
• When the market gives a confirmed call Up then the
following shares are
• 1. undervalued
• 2. Have good fundamentals
• 3. Are trending upwards.
• I have been very conservative over the last month by
getting into cash after the last confirmed. The shares I
was holding have done well in a down market. The
China situation really scared me.
• In hindsight I would have been better to have sat and
just watched the stops.

16. Omnia

17. HCI

18. Pinnacle

19. EOH

20. Cashbuild

21. CCO

22. Brait

23. Datatec

24. Anglo
• I was told by a gaggle of CFA types that Anglo and
Billiton could not go any lower about 6 months ago.
• These are discounting a slow down to a stop in China.
• As you can see in the next chart the VV program re
rated the share well before the fall. The same was true
for Billiton.
• This is priceless.

25. Anglo

26. Be careful