EGO Forecast + Trading Strategies


Bullish Case: Eldorado Gold (EGO) shows strong historical returns, especially in longer holding periods, suggesting potential price appreciation driven by favorable gold prices and operational success.


Bearish Case: The current market uncertainty, high implied volatility, and potential earnings surprises pose risks, indicating that EGO may experience downward pressure if gold prices falter or operational issues arise.


Potential Outcomes:

1. Bullish momentum drives EGO to $18 (40% chance).

2. EGO stabilizes around $15 (35% chance).

3. Earnings miss leads to a drop to $14 (25% chance).


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July 26, 2024


Eldorado Gold Forecast

EGO      Eldorado Gold











Correlated Assets

Assets that tend to move strongly with EGO



HMY Forecast + Options Trading Strategies   HMY  Harmony Gold Mining (0.97)


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


KGC Forecast + Options Trading Strategies   KGC  Kinross Gold (0.96)


UGL Forecast + Options Trading Strategies   UGL  ProShares Ultra Gold (0.96)


CDE Forecast + Options Trading Strategies   CDE  Coeur Mining (0.93)



Uncorrelated Assets

Assets with little price relationship to EGO



BBAI Forecast + Options Trading Strategies   BBAI  BigBear.ai (0.0)


SMAR Forecast + Options Trading Strategies   SMAR  Smartsheet (0.0)


EOG Forecast + Options Trading Strategies   EOG  EOG Resources (0.01)


AAOI Forecast + Options Trading Strategies   AAOI  Applied Optoelectronics (-0.01)


BILI Forecast + Options Trading Strategies   BILI  Bilibili (0.01)



Anticorrelated Assets

Assets that tend to move strongly against EGO



VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (-0.87)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.87)


CMP Forecast + Options Trading Strategies   CMP  Compass Minerals International (-0.88)


MED Forecast + Options Trading Strategies   MED  Medifast (-0.89)


SHLS Forecast + Options Trading Strategies   SHLS  Shoals (-0.89)





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