With the dollar heading lower and the price of gold surging once again, today King World News is pleased to feature an interview with the man who advises the most prominent sovereign wealth funds, hedge funds, and institutional funds in the world.
Michael Belkin:  “I’ve been seeing the opportunity on the short side of individual stocks all year long.  And although the indexes haven’t fallen that much this year, we’ve had VW down 64 percent from its May peak (which Belkin aggressively recommended shorting in May prior to the collapse)…

Continue reading the Michael Belkin interview below…


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Belkin continues:  “My model was adamant.  I went around London in May because I have a bunch of clients — sovereign wealth funds, and hedge funds all over London — practically begging them to short Volkswagen.  They weren’t all that receptive.  It was kind of funny because I had one hedge fund guy tell me, ‘Our shorts never work.  Our shorts haven’t worked for six years.  The only thing that matters is QE.’

That’s Not Going To Last
So I looked at him and I said, ‘That’s not going to last.’  He was up big on the year at that point — 20 to 30 percent, and I said, ‘You’ve got to close out your longs and short these automakers (see below).

Belkin Report May 11, 2015

“The model has a downward relative and absolute forecast for Eurostoxx autos, retailers, tech, banks and cyclicals. These European stocks stand out as recommended shorts from the model forecast: Volkswagen, Porsche, BMW, Daimler.”

Belkin Report May 17, 2015

“Many European names look way overextended and appear to offer a great shorting opportunity. For instance, car makers like BMW, Porsche and VW were down -6% to -7% last week. If you are long Europe you should be careful and hedge funds should short overextended, overowned European cyclical, tech and bank stocks.”

Belkin Report May 25, 2015

“European cyclical groups like autos and retailers are recommended sells and shorts. Stocks like BMW, Porsche and VW had huge rallies earlier this year and have gravitated to the top of our European sell list.”

Belkin Report Jun 8, 2015

“We continue to recommend shorting auto stocks like Porsche, VW and BMW (all down -17% from their recent peaks).”


Belkin continues:  “Anyway, I certainly didn’t know that VW would come out with this kind of scandal, but my model was showing what it was looking for an excuse to do before the excuse appeared (that collapsed the stock price).

Of course VW is not the only stock.  In Europe, ST Microelectronics is down 34 percent from its peak.  ASML is down 24 percent from its peak — these are all names that have been on my short list.  Banks are down huge.  Standard Chartered, a UK listed bank, is down 50 percent from its peak.  Credit Agricole, a French bank, is down 28 percent.  Banco Santander, a Spanish bank, is down 40 percent from its peak.
By the way, I didn’t even get into the U.S., where I’ve had shorts like Micron — that’s down 56 percent.  U.S. Steel is down 77 percent from its peak.  Computer stocks like Western Digital are down 30 percent.  SanDisk is down 44 percent.  Yahoo is down 41 percent, Twitter down 51 percent, and Caterpillar is down 41 percent.
King World News - Man Who Advises Top Sovereign Wealth Funds In The World Discusses Chaos In Markets And Opportunity In Gold
What’s Going On Beneath The Surface And The Opportunity In Gold
Glencore was also on my short list.  I was saying to my clients, ‘Short Glencore.’  It’s now down 75 percent from its peak.  So that’s what’s been gong on beneath the surface.  That’s where the opportunities have been.  The indexes are not down that much but these stocks have been blowing up like depth charges.  And if you are a short seller, it’s really been the best market for short selling in 7 or 8 years.  

So that’s where the opportunity has been in the overall market and we’ll get into gold a little bit later because now I think that’s where the opportunity is on the long side.”  (The opportunity in gold is discussed in the audio that will be released within hours). ***KWN has now released the incredible audio interview with Michael Belkin, the man who advises the most prominent sovereign wealth funds, hedge funds, and institutional funds in the world. Belkin covers the historic rally he expects in gold and the mining shares as well as what he expects to see in global markets for the rest of 2015, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW. 

***ALSO JUST RELEASED:  Richard Russell: WARNING – People Need To Be Prepared For Some Shockingly Negative News CLICK HERE.

KWN Belkin mp3 10:10:2015

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