NGD Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: NGD's elevated gold prices and higher call option volumes suggest potential for price appreciation. Strategic mining initiatives and demand stability bolster optimism.




Bearish Case: Operational risks and high implied volatility could strain NGD. Historical underperformance and market skepticism further cloud prospects, with potential downside pressures.




Potential Outcomes:
  • Continued gold price rise boosts NGD (40%)
  • Operational setbacks lead to stagnation (30%)
  • Market instability impacts prices negatively (20%)
  • Stable market conditions with slow growth (10%)



April 22, 2025


New Gold Forecast

NGD        New Gold











Correlated Assets

Assets that tend to move strongly with NGD



AGI Forecast + Options Trading Strategies   AGI  Alamos Gold (0.94)


FNF Forecast + Options Trading Strategies   FNF  Fidelity National Financial (0.84)


JNUG Forecast + Options Trading Strategies   JNUG  Direxion Daily Junior Gold Miners Index Bu (0.81)


EXC Forecast + Options Trading Strategies   EXC  Exelon (0.77)


ALL Forecast + Options Trading Strategies   ALL  Allstate (0.76)



Uncorrelated Assets

Assets with little price relationship to NGD



DAN Forecast + Options Trading Strategies   DAN  Dana (-0.0)


PHM Forecast + Options Trading Strategies   PHM  PulteGroup (0.01)


APPN Forecast + Options Trading Strategies   APPN  Appian (0.03)


SMG Forecast + Options Trading Strategies   SMG  Scotts Miracle-Gro (0.04)


HASI Forecast + Options Trading Strategies   HASI  Hannon Armstrong Sustainable Infrastructure (-0.05)



Anticorrelated Assets

Assets that tend to move strongly against NGD



STM Forecast + Options Trading Strategies   STM  New York Shares (-0.78)


CRON Forecast + Options Trading Strategies   CRON  Cronos (-0.79)


AMCX Forecast + Options Trading Strategies   AMCX  AMC Networks (-0.79)


OXY Forecast + Options Trading Strategies   OXY  Occidental Petroleum (-0.79)


MUR Forecast + Options Trading Strategies   MUR  Murphy Oil (-0.81)









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