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Pratik Sharma From Komfie Manalo, Opalesque Asia:

The rebirth of the mining industry should benefit hedge funds focused on precious metals, particularly gold and silver, said Pratik Sharma , Managing Director at Atyant Capital, a specialty investment manager that focuses on the Indian equity markets and precious metals. Sharma is so confident about the future of precious metals that he revealed his firm’s Atyant Capital Global Opportunities Fund’s longer term interest "remains in gold stocks because our historical analysis calls for a rebirth of the gold mining industry." However, before the prices of precious metals reach their peak, Pratik said that in the short term, the industry would experience corrections that would result in collateral damage to gold stocks.

According to Sharma the summer rally in the precious metals is officially over and it is time to prepare the fund’s portfolio for the autumn.

However, he said that they were correct in providing a list of warning signs they expect to see prior to the next liquidity panic. Amongst the panic signs are gold making new highs but silver and gold stocks will not rise. Such movement in the precious metals complex is a red flag and signal upcoming credit market distress (See Opalesque Exclusive: ......................

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