AI BAR Forecast

Price Forecast:


Bearish<->Bullish


Bullish Case: Gold prices may rise as economic instability increases, driving demand for safe-haven assets. Existing trends suggest potential gains in the next few years, supported by historical performance data showing favorable returns when held moderately long-term.


Bearish Case: A stable economic environment combined with rising interest rates may diminish gold's appeal, leading to price stagnation or declines. Historical data indicates a potential for negative returns if these conditions persist.


Potential Outcomes:

1. Continued flat trend (40%).

2. Moderate uptrend due to inflation (30%).

3. Minor decline amid economic stabilization (20%).

4. Significant spike due to geopolitical tensions (10%).


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September 18, 2024


GraniteShares Gold Shares Forecast

BAR      GraniteShares Gold Shares











Correlated Assets

Assets that tend to move strongly with BAR



GLD Forecast + Options Trading Strategies   GLD  SPDR Gold Shares (1.0)


UGL Forecast + Options Trading Strategies   UGL  ProShares Ultra Gold (0.99)


HMY Forecast + Options Trading Strategies   HMY  Harmony Gold Mining (0.96)


EGO Forecast + Options Trading Strategies   EGO  Eldorado Gold (0.96)


AEM Forecast + Options Trading Strategies   AEM  Agnico Eagle Mines (0.96)



Uncorrelated Assets

Assets with little price relationship to BAR



VAL Forecast + Options Trading Strategies   VAL  Valaris (-0.0)


LPLA Forecast + Options Trading Strategies   LPLA  LPL Financial (0.0)


QSR Forecast + Options Trading Strategies   QSR  Restaurant Brands International (0.0)


OVV Forecast + Options Trading Strategies   OVV  Ovintiv (-0.0)


HZO Forecast + Options Trading Strategies   HZO  Marinemax (0.01)



Anticorrelated Assets

Assets that tend to move strongly against BAR



SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.91)


SDS Forecast + Options Trading Strategies   SDS  ProShares UltraShort S&P500 (-0.91)


MED Forecast + Options Trading Strategies   MED  Medifast (-0.92)


DUST Forecast + Options Trading Strategies   DUST  Direxion Daily Gold Miners Index Bear 2X S (-0.95)


GLL Forecast + Options Trading Strategies   GLL  ProShares UltraShort Gold (-1.0)









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