GOLD Forecast


Bullish Case: Barrick Gold (GOLD) benefits from ongoing central bank gold purchases and solid Asian demand. Exploration success and strategic partnerships provide long-term growth potential.


Bearish Case: Operational setbacks and rising production costs remain key risks. Geopolitical issues and investor shifts towards digital assets could limit GOLD's upside.


Potential Outcomes: GOLD surpasses expectations by Q4 (30%). Production costs and geopolitical risks hurt earnings (40%). Strategic investments, such as Reko Diq, provide positive catalysts (30%).


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July 17, 2024


Barrick Gold Forecast

GOLD      Barrick Gold











Correlated Assets

Assets that tend to move strongly with GOLD



JNUG Forecast + Options Trading Strategies   JNUG  Direxion Daily Junior Gold Miners Index Bu (0.83)


HL Forecast + Options Trading Strategies   HL  Hecla Mining (0.81)


SIL Forecast + Options Trading Strategies   SIL  Global X Funds - Global X Silver Miners (0.79)


RGLD Forecast + Options Trading Strategies   RGLD  Royal Gold (0.79)


GDXJ Forecast + Options Trading Strategies   GDXJ  VanEck Vectors Junior Gold Miners (0.78)



Uncorrelated Assets

Assets with little price relationship to GOLD



AMC Forecast + Options Trading Strategies   AMC  AMC Entertainment (0.0)


ASAN Forecast + Options Trading Strategies   ASAN  Asana (-0.0)


FAST Forecast + Options Trading Strategies   FAST  Fastenal (-0.0)


RGR Forecast + Options Trading Strategies   RGR  Sturm, Ruger & Co. (-0.0)


MLCO Forecast + Options Trading Strategies   MLCO  Melco Resorts & Entertainment (0.0)



Anticorrelated Assets

Assets that tend to move strongly against GOLD



GRPN Forecast + Options Trading Strategies   GRPN  Groupon (-0.34)


NTES Forecast + Options Trading Strategies   NTES  NetEase (-0.34)


DLO Forecast + Options Trading Strategies   DLO  DLocal (-0.36)


WMT Forecast + Options Trading Strategies   WMT  Walmart (-0.39)


DUST Forecast + Options Trading Strategies   DUST  Direxion Daily Gold Miners Index Bear 2X S (-0.72)





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