Michael Belkin, a long-time market strategist and editor of the Belkin Report and Belkin Gold Stock Forecast, joins us for an in-depth conversation on why gold and gold stocks may be the last assets standing in an increasingly volatile and overvalued global market.
In this interview, Michael shares his evolving thesis since our last discussion in February, highlighting a parabolic move in gold, growing central bank demand, and how the supposed “most crowded trade”, as labeled in the recent Bank of America Global Fund Managers Survey, is still largely under-owned by institutional investors.
Key Topics Discussed:
- Why the “crowded trade” label on gold may be misleading – and actually bullish.
- How central banks are steadily de-dollarizing and reallocating into gold.
- The disconnect between rising gold prices and underperforming gold equities.
- Top stock picks: Newmont (NEM), Kinross (KGC), Iamgold (IAG), Harmony Gold (HMY), and B2Gold (BTG).
- Michael’s silver favorites: First Majestic (AG) and Endeavour Silver (EXK).
- Whether generalist fund managers will be forced into large-cap gold stocks as earnings surge.
- A bleak outlook for global equities, AI bubble stocks like Nvidia, and international markets like the DAX and China’s FXI.
- Why gold equities may diverge positively from the broader market even in a downturn.
Gold Stock Forecasts are available at: BGSF
Discount Coupons are available upon request for KER listeners. Contact Marc at marcb@hyperpyron.com.