Ali Zamani: Goldman Sachs Portfolio Manager Says All Time Highs for Gold Coming Fast
Ali says gold has been in a bull market since the end of last year. The start of bull markets often go unnoticed; it’s a grind. However, we are making higher highs and higher lows. He looks at the most successful macro investors and many have come out recently with breakout calls. The ground is fertile, the charts look good, and the base is in, gold will rise quicker than most people think.
With bonds making new lows and the stock market at new highs the U.S. administration ability to improve growth is looking minimal. The dollar can be an easy trade at times, especially when they are doing QE. The US Fed is supposed to be tightening but doesn’t look as committed. There are risks that Trump could very easily stumble into a trade war.
Ali outlines his position on Mexican Gold Corp, where he thinks the company is at and its current one million ounce resource base. He expects further exploration will see an increase in grades in their upcoming resource reports.
Copper and zinc are also making new highs along with real estate and crypto-currencies. Platinum looks like a good pick as a lot of it is consumed in catalytic converters. Until recently, it has almost always traded higher than gold. He discusses New Age Metals Inc. which has a platinum mine in Canada.
Talking Points From This Week’s Episode
• Internal political issues in the United States could cause further dollar weakness.
• Investors are currently distracted in other investments like tech stocks and bitcoin.
• Platinum is undervalued, it’s seven times rarer than gold, and it’s mined in mostly unstable countries.
• Expects gold to grind higher and eventually investors will take notice.
Mr. Ali Zamani has been the Managing Partner of Overlook Investments LLC since January 2016. Mr. Zamani is a Partner at Gefinor Capital Management, Inc. He was Principal at SLZ Capital Management from July 2012 to December 2013.
From 2004 to 2012, he was a Portfolio Manager at Goldman Sachs Principal Strategies. While at Goldman Sachs, he managed a portfolio focused on the energy, materials, utilities and industrials sectors and was responsible for a $200-$400mm portfolio of equity and credit investments. His portfolio focused primarily on energy, utilities, basic materials, retail and industrial equities.
Mr. Zamani holds a B.S. in Economics with concentration in Finance from the Wharton School at the University of Pennsylvania, where he graduated magna cum laude.