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’s Sell-Off Is a Liquidity Event — Position for a Rebound to USD5,000/Oz

Event-Driven

<ul>
<li>Gold is trapped in a geopolitical liquidity loop: war escalation drives USD funding demand higher, while de-escalation headlines trigger speculative unwinds in bullion.</li>
<li>US-Treasury market stress, rising dealer inventories, and worsening auction tails continue to strengthen the long-term bullish case for gold despite near-term volatility.</li>
<li>We maintain <strong>US$5,400/oz</strong> year-end target for gold and view politically driven pullbacks as tactical buying opportunities rather than trend reversals.</li>
</ul>


Gold is trapped in a geopolitical liquidity loop: war escalation drives USD funding demand higher, while de-escalation headlines trigger speculative unwinds in bullion.
US-Treasury market stress, rising dealer inventories, and worsening auction tails continue to strengthen the long-term bullish case for gold despite near-term volatility.
We maintain US$5,400/oz year-end target for gold and view politically driven pullbacks as tactical buying opportunities rather than trend reversals.


GOLD: Trapped Between War Headlines and Fiscal Reality Executive Summary