EQX Forecast


Bullish Case: With increasing production from the Greenstone mine and favorable gold market sentiments, EQX could surge as demand for gold rises. Institutional interest may further push prices upward, hinting at strong growth potential.


Bearish Case: Potential economic slowdowns and regulatory challenges could lead to a decrease in investor confidence, resulting in a price drop. Additionally, high implied volatility suggests uncertainty, indicating further downside risk.


Potential Outcomes:

1. Price increase to $6+ (30%) due to successful mine operations.

2. Price drop to $4 (40%) amid market corrections.

3. Volatile trading between $5-$5.50 (30%) as uncertainty persists.


Trading Oracle: Adopt a bullish debit spread buying EQX 01/17/2025 7.50C and selling EQX 01/17/2025 5.00P. This strategy leverages the projected price uptick with minimized risk exposure. Aim for a target above $6 with a timeframe of 6 months. High reward potential and a favorable risk/reward ratio.


July 26, 2024


Equinox Gold Forecast

EQX      Equinox Gold











Correlated Assets

Assets that tend to move strongly with EQX



GDXJ Forecast + Options Trading Strategies   GDXJ  VanEck Vectors Junior Gold Miners (0.91)


JNUG Forecast + Options Trading Strategies   JNUG  Direxion Daily Junior Gold Miners Index Bu (0.9)


AGQ Forecast + Options Trading Strategies   AGQ  ProShares Ultra Silver (0.89)


SILJ Forecast + Options Trading Strategies   SILJ  ETF Managers Group LLC - ETFMG Prime Junior Silver Miners (0.88)


SA Forecast + Options Trading Strategies   SA  Seabridge Gold (0.88)



Uncorrelated Assets

Assets with little price relationship to EQX



LTPZ Forecast + Options Trading Strategies   LTPZ  PIMCO 15+ Year U.S. TIPS Index Exchange-Traded (-0.0)


LZ Forecast + Options Trading Strategies   LZ  LegalZoom.com (-0.0)


SGHC Forecast + Options Trading Strategies   SGHC  Super Group (SGHC) (-0.0)


AI Forecast + Options Trading Strategies   AI  C3.ai (0.0)


AXSM Forecast + Options Trading Strategies   AXSM  Axsome Therapeutics (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against EQX



DRIP Forecast + Options Trading Strategies   DRIP  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.65)


G Forecast + Options Trading Strategies   G  Genpact (-0.66)


WMT Forecast + Options Trading Strategies   WMT  Walmart (-0.66)


SOXX Forecast + Options Trading Strategies   SOXX  BTC iShares PHLX Semicond (-0.66)


IGV Forecast + Options Trading Strategies   IGV  BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector (-0.66)





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