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From Precy Dumlao, Opalesque Asia:
Gold stocks remained neutral in May but early data coming in is showing that the sector is "now finally back in the strongest of strong hands and with all the 'Johnny-come latelys’ shaken out," according to Atyant Capital, a specialty investment manager that focuses in the Indian equity markets and precious metals and is the manager of the Indian Fund.
In his latest communication with investors, Vedant "VK" Mimani, Lead Portfolio Manager for Atyant’s Global Opportunities Fund, stated that profit margin expansion in gold stocks "is now here and to stay for some time." The profit opportunity presented by gold stocks will drive earnings of gold miners over the next set of quarterly financial statements.
"On the final trading day of May 2011, we trimmed our gold stocks exposure (down to 106.3%) in the event, the sector made one more down move to consolidate the May rebound and test the bottom before commencing the gold stocks bull market in earnest. This is indeed what we saw in the first half of June 2011, consequently leaving gold stocks now in a position of little to no downside, and stupendous upside. This is the risk/reward profile of great speculations/trades/investments," Mimani pointed out.
The portfolio manager has admitted that Atyant does not know when the ...................... To view our full article Click here
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