ASA Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: ASA's long-term returns suggest stability, supported by relatively low implied volatility. Increased gold demand and strong historical performance offer moderate growth potential.




Bearish Case: Elevated short-term implied volatility and economic instability pose significant risks. Recent flat price action and backwardation may indicate lack of bullish momentum.




Potential Outcomes:
  • Moderate price increase (40% chance): Stability and gold demand.
  • Price stagnation (35% chance): Market uncertainty persists.
  • Price decline (25% chance): Economic risks and volatility.



July 02, 2025


ASA Gold and Precious Metals Forecast

ASA        ASA Gold and Precious Metals











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VRSN Forecast + Options Trading Strategies   VRSN  Verisign (0.89)


PM Forecast + Options Trading Strategies   PM  Philip Morris International (0.89)


CNP Forecast + Options Trading Strategies   CNP  Centerpoint Energy (0.87)


CRK Forecast + Options Trading Strategies   CRK  Comstock Resources (0.87)



Uncorrelated Assets

Assets with little price relationship to ASA



ALV Forecast + Options Trading Strategies   ALV  Autoliv (-0.01)


HAS Forecast + Options Trading Strategies   HAS  Hasbro (0.01)


BIP Forecast + Options Trading Strategies   BIP  Brookfield Infrastructure (0.02)


PEG Forecast + Options Trading Strategies   PEG  Public Service Enterprise (-0.02)


VMC Forecast + Options Trading Strategies   VMC  Vulcan Materials (0.04)



Anticorrelated Assets

Assets that tend to move strongly against ASA



NVO Forecast + Options Trading Strategies   NVO  Novo Nordisk (-0.86)


COTY Forecast + Options Trading Strategies   COTY  Coty (-0.88)


FDX Forecast + Options Trading Strategies   FDX  Fedex (-0.89)


REGN Forecast + Options Trading Strategies   REGN  Regeneron Pharmaceuticals (-0.9)


CAL Forecast + Options Trading Strategies   CAL  Caleres (-0.91)









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