GOLD Forecast


Bullish Case: Central banks accumulating gold, crypto and dollar weaknesses hint at bullish gold demand. Barrick's strong fundamentals could see gains from market instability and inflation concerns.


Bearish Case: Production challenges and competition from digital assets may restrain growth. High inflation and cost pressures could impact earnings despite bullish market conditions.


Potential Outcomes:

1. Inflation continues influencing gold's appeal (60%).

2. GOLD outperforms with strong fundamentals amidst market volatility (55%).

3. Production setbacks and digital asset competition limit upside (40%).


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April 16, 2024


Barrick Gold Forecast

GOLD        Barrick Gold
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with GOLD



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


SIL Forecast + Options Trading Strategies   SIL  Global X Funds - Global X Silver Miners (0.87)


GDXJ Forecast + Options Trading Strategies   GDXJ  VanEck Vectors Junior Gold Miners (0.86)


SILJ Forecast + Options Trading Strategies   SILJ  ETF Managers Group LLC - ETFMG Prime Junior Silver Miners (0.86)


PAAS Forecast + Options Trading Strategies   PAAS  Pan American Silver (0.81)



Uncorrelated Stock Forecasts

Assets with little price relationship to GOLD



JOBY Forecast + Options Trading Strategies   JOBY  Joby Aviation (-0.0)


YPF Forecast + Options Trading Strategies   YPF  YPF (0.0)


HCA Forecast + Options Trading Strategies   HCA  HCA Healthcare (0.0)


PCTY Forecast + Options Trading Strategies   PCTY  Paylocity (-0.0)


COCO Forecast + Options Trading Strategies   COCO  Vita Coco (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against GOLD



GSHD Forecast + Options Trading Strategies   GSHD  Goosehead Insurance (-0.52)


HMC Forecast + Options Trading Strategies   HMC  Honda Motor (-0.54)


J Forecast + Options Trading Strategies   J  Jacobs Engineering Group (-0.57)


GRPN Forecast + Options Trading Strategies   GRPN  Groupon (-0.61)


JDST Forecast + Options Trading Strategies   JDST  Direxion Daily Junior Gold Miners Index Be (-0.68)





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