Equity Long-Short

Mo Aziz

Capital markets veteran with 25 years across sell-side and buy-side research, investor relations, and fund management. Currently publish independent equity research (Mofferies Investment Research, via Smartkarma) spanning semiconductor memory (DRAM/NAND/HBM), foundry, semiconductor equipment and advanced packaging, gold and cross-asset strategy, financials forensics, and APAC IPOs — with a standing watchlist of 190+ companies across 41 countries. Background includes deep aviation-sector expertise (airlines, airports, OEMs, lessors, air cargo, travel/OTAs). Approach centers on identifying cyclical inflection points and mispriced risk across sectors, translated into explicit, actionable calls.

GOLD: US Treasury Is Buying Its Own Bonds to Manage the Curve. Gold Is the Hedge Against the Dollar

The Treasury Put, Financial Stability and the Road to Fiscal Dominance

GOLD: Sold for Cash, Not for Cause — The Liquidity Flush Is the Entry

The US Supports the Yen and Gold Rallies: CONNECTING THE DOTS

GOLD: Five Weeks at US$4,000 Through a 38% Oil Shock. The Sellers Are Done.

CHARTING COURSE: Yuan's Internationalization, Japan's Bond & Currency Woes

Cross Asset Strategy

Multiple Countries / Cross Asset Strategy

<ul>
<li>
Gold has finally cleared the US$4,000-4,100 range that held it for nearly two months and trades at US$4,400, taking out our US$4,203 trigger and the 55-day.</li>
<li>
Technical indicators point higher: spot sits a whisker below the 200-day at circa US$4,460. Above it, the January downtrend is dead and there is open air.</li>
<li>
Fair Value unchanged at US$4,780 — the WGC fair-value band top of US$4,305 plus circa 11% for structural central-bank demand. Implied return +8.6%.</li>
</ul>



Gold has finally cleared the US$4,000-4,100 range that held it for nearly two months and trades at US$4,400, taking out our US$4,203 trigger and the 55-day.

Technical indicators point higher: spot sits a whisker below the 200-day at circa US$4,460. Above it, the January downtrend is dead and there is open air.

Fair Value unchanged at US$4,780 — the WGC fair-value band top of US$4,305 plus circa 11% for structural central-bank demand. Implied return +8.6%.


GOLD: The Range Broke, The Trigger Fired — Now Only the 200-Day Stands