CLSA's Laurence Balanco favors silver in the near term, targeting $42, while gold consolidates before a potential surge to $4100. Autos are preferred over FMCG, with specific stock picks within the consumer space. For a two-year horizon, palladium offers significant upside. Balanco identifies financials, real estate, and infrastructure as top performers, while pharma, FMCG, and IT are expected to lag.