AI ASA Forecast


Price Forecast:


Bearish<->Bullish


Bullish Case: Increased demand for gold as a safe haven during economic uncertainty and geopolitical tensions could drive ASA prices higher. Historical returns suggest long-term upward momentum.


Bearish Case: Rising interest rates and a strong dollar may reduce demand for gold, leading to potential price declines for ASA. Growing market volatility may exacerbate downward trends.


Potential Outcomes:

1. Price increase (35%): Safe-haven demand boosts value.

2. Price stagnation (30%): Market indecision leads to flat prices.

3. Price decline (35%): Economic factors create headwinds for gold prices.


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October 02, 2024


ASA Gold and Precious Metals Forecast

ASA      ASA Gold and Precious Metals











Correlated Assets

Assets that tend to move strongly with ASA



KGC Forecast + Options Trading Strategies   KGC  Kinross Gold (0.98)


AEM Forecast + Options Trading Strategies   AEM  Agnico Eagle Mines (0.97)


NGD Forecast + Options Trading Strategies   NGD  New Gold (0.97)


WPM Forecast + Options Trading Strategies   WPM  Wheaton Precious Metals (0.97)


CDE Forecast + Options Trading Strategies   CDE  Coeur Mining (0.97)



Uncorrelated Assets

Assets with little price relationship to ASA



TWLO Forecast + Options Trading Strategies   TWLO  Twilio (0.0)


MSOS Forecast + Options Trading Strategies   MSOS  Advisorshares Trust - AdvisorShares Pure US Cannabis (0.01)


W Forecast + Options Trading Strategies   W  Wayfair (-0.01)


LUV Forecast + Options Trading Strategies   LUV  Southwest Airlines (0.01)


EH Forecast + Options Trading Strategies   EH  EHang Holdings Ltd - (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against ASA



SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.88)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.88)


ZSL Forecast + Options Trading Strategies   ZSL  ProShares UltraShort Silver (-0.94)


GLL Forecast + Options Trading Strategies   GLL  ProShares UltraShort Gold (-0.95)


DUST Forecast + Options Trading Strategies   DUST  Direxion Daily Gold Miners Index Bear 2X S (-0.98)





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