Top Advisor To Sovereign Wealth Funds Warns Another Lehman Moment Is Coming As Gold & Silver Surge!

With Wall Street having one of the strangest years in 2016, today a top advisor to the most prominent sovereign wealth funds, hedge funds, and institutional funds in the world, warned King World News that another Lehman moment is coming. He also discussed what this will mean for major markets and he exposed what will be the trigger for gold and silver to skyrocket.

But first, take a look at the extraordinary calls that Michael Belkin made in previous KWN interviews…

“Gold stocks will turn into the new ‘momentum class.’ It sounds almost hilarious to say that now because gold stocks are so depressed and they are so far from being momentum names, except for the one I recommended that is up 1,000%. But when nothings else is working for institutional investors, they will begin to flock into the thing that is working, and I think that will be gold and gold stocks.” — Michael Belkin, October 10, 2015

“In the gold share sector we are seeing the beginning of a major, extended move higher.”
— Michael Belkin, January 9, 2016

“Money is going to begin to flow into silver and silver is going to begin to outperform gold. And there just aren’t that many (high quality) plays on silver, and I think the market capitalization of these silver stocks (I’ve just recommended) could swell enormously.”
— Michael Belkin, March 22, 2016

All of that and more has unfolded, but today…

Michael Belkin: “The world is changing. What’s happening economically in Europe is we have extremely weak banks. Let me give you two names, UniCredit and Deutsche Bank. I’m telling my clients to sell and short those stocks. UniCredit is one of the biggest, if not the biggest Italian bank. It has a huge balance sheet, not enough capital, and huge non-performing loans (20 percent). The stock is down about 50 percent on the year and they are gasping for air.

King World News – We Just Witnessed Something Not Seen Since The 2008 Collapse

Deutsche Bank is another story. Either one of those two banks could end up being the Lehman of this cycle. Nothing repeats exactly but we are headed into financial distress. It’s just like it was in 2007 when everybody thought everything was rosy. Then we hit 2008 and BOOM, one thing after another. Bear Stearns, Lehman, etc — all of those financial entities went bankrupt. The world is looking like that again. Central banks have deliberately inflated huge speculative bubbles and the banks and brokers are at the epicenter of this.

– In A Time Of Universal Deceit, Telling The Truth Becomes A Revolutionary ActThis Trigger Will Cause Gold, Silver And Mining Shares To Skyrocket!

KING WORLD NEWS
June 9, 2016
Michael Belkin