Bullish Case: Barrick's robust Q4 production, higher gold prices, $1 billion buyback program, and optimistic 2024 outlook from operational improvements signal growth potential.


Bearish Case: Decreased production forecast for 2024, recent underperformance against gold prices, and market preference for Bitcoin over gold present downside risks.


Potential Outcomes:

1. GOLD rebounds on market uncertainty (60%).

2. Production misses forecast, dragging shares (40%).

3. Bitcoin investment reduces GOLD's appeal (30%).


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February 21, 2024


Barrick Gold Forecast

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



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GOLD Balanced News:
















Correlated Stock Forecasts

Assets that tend to move strongly with GOLD



GDXJ Forecast + Options Trading Strategies   [GDXJ]  VanEck Vectors Junior Gold Miners (0.94)


JNUG Forecast + Options Trading Strategies   [JNUG]  Direxion Daily Junior Gold Miners Index Bu (0.93)


NUGT Forecast + Options Trading Strategies   [NUGT]  Direxion Daily Gold Miners Index Bull 2X S (0.93)


SIL Forecast + Options Trading Strategies   [SIL]  Global X Funds - Global X Silver Miners (0.92)


SILJ Forecast + Options Trading Strategies   [SILJ]  ETF Managers Group LLC - ETFMG Prime Junior Silver Miners (0.91)



Uncorrelated Stock Forecasts

Assets with little price relationship to GOLD



SNDL Forecast + Options Trading Strategies   [SNDL]  Sundial Growers (0.0)


IJS Forecast + Options Trading Strategies   [IJS]  BlackRock Institutional Trust Company N.A. - iShares S&P Small-Cap 600 Value (-0.0)


SMTC Forecast + Options Trading Strategies   [SMTC]  Semtech (-0.0)


UWMC Forecast + Options Trading Strategies   [UWMC]  UWM Holdings Corporation (0.0)


BDX Forecast + Options Trading Strategies   [BDX]  Becton, Dickinson And Company (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against GOLD



J Forecast + Options Trading Strategies   [J]  Jacobs Engineering Group (-0.73)


YCS Forecast + Options Trading Strategies   [YCS]  ProShares UltraShort Yen (-0.73)


TBT Forecast + Options Trading Strategies   [TBT]  PowerShares UltraShort Lehman 20+ Yea (-0.74)


HQY Forecast + Options Trading Strategies   [HQY]  Healthequity (-0.78)


JDST Forecast + Options Trading Strategies   [JDST]  Direxion Daily Junior Gold Miners Index Be (-0.8)


GOLD News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.

Most Recent GOLD News






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