Who Will Be The Next 'Exit'?

In my last article, I explained why I believed Brexit would happen, how I positioned for it, and why I believed it would benefit the UK in the long run.

My conviction in the Brexit, some luck, and proper positioning allowed me to amass a small fortune. In an attempt to avoid hubris like many traders and poker players sometimes do after a successful run, I sold all of my "Brexit" positions Monday June 27th about thirty minutes before market close. Again, with some luck, I avoided what would have been devastating to my short positions, in a snapback rally Tuesday June 28th.

If you don't feel like (re)reading my other article, I'll sum it up for you:

I shorted the GBP against the USD

I went long the USD against the GBP

I went long GLD and SLV

I bought VOD on the 6% dip.

After the article was published, however, I realized that I could maximize my earnings potential by aggressively allocating capital to some regular and leveraged ETFs as well as shorting all the major Euro banks that would be affected and that's exactly what I did.

Here is a list of the additional positions I had added to my Brexit Portfolio:

SG GBP USD X5 Daily Short USD (SGB5)

ETFS 3x Daily Short EURO STOXX 50 (UES3)

PowerShares DB US Dollar Bullish ETF (NYSEARCA:UUP)

VelocityShares 3x Long Gold ETN (NASDAQ:UGLD)

VelocityShares 3x Long Silver ETN (NASDAQ:USLV)

db x-trackers Stoxx Europe 600 Banks Short Daily UCITS ETF (XS7S)



iShares MSCI Europe Financials (EUFN)

As some of my followers know, I am really big on geopolitical analysis. I have begun looking at which countries will be next to leave the EU as right-wing, Eurosceptic populism grows in Europe and will then recommend an area of the world to invest in.


Geert Wilders is both the founder and leader of the Dutch Party for Freedom (Partij voor de Vrijheid) also known as the PVV. They are a right-wing, anti-EU, anti-immigration, populist group like the other groups on this list. Following the UK referendum, Wilders was one of the first people to congratulate them on their victory, and proclaimed that they would be next. A recent TV survey indicated that a majority of the Dutch wanted a similar referendum to leave the EU.

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Disclosure: I am/we are long VOD, INDA, FFXDF.

I wrote this article myself, and it expresses my own opinions. I ...

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Gary Anderson 5 years ago Contributor's comment

Interesting article Alex. Unfortunately, immigration is always the front issue but it should not be. Currency should be the main issue in exit. There are economic reasons that immigration is difficult in the EU now. But racism should be resisted by all. And that is not always the case.

Alex Gennaro 5 years ago Author's comment

Lower currency will help with exports. Trade deals will be negotiated with countries where there were never trade deals before. I don't believe that most of the people voting leave are "racist", and at the same time I have no qualms with people voting for the interests of their own countrymen vs people coming into their country.

Gary Anderson 5 years ago Contributor's comment

I am not familiar enough with European right wing groups. No, I would have voted for Brexit and I am not a racist!!! But unfortunately, Trump and others have used racism as a means to tout sovereignty. They don't know real sovereignty is one of mutual respect.

Alex Gennaro 5 years ago Author's comment

I concur.

Alex Gennaro 5 years ago Author's comment

Called it. Today they Supreme Court of Austria reversed the presidential election ruling and there will now be a recount.