Continue reading the Michael Belkin interview below…
To hear which company investors & institutions around the globe are flocking to
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.’
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).
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.
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