KGC Forecast + Trading Strategies


Bullish Case: KGC shows strong recent price gains, supported by stable gold prices and continued institutional interest, reflecting solid fundamentals and potential price appreciation.


Bearish Case: High implied volatility indicates uncertainty and potential price decline, with recent heavy put trading volumes suggesting skepticism and downside risk.


Potential Outcomes:

1. Price increases 30% (40%) from positive earnings and gold price uptick

2. Price drops 20% (35%) due to rising competition and negative sentiment

3. Sideways movement (25%) from mixed indicators and market hesitation.


Trading Oracle: Implement bullish credit spreads favoring short volatility: sell 3 $9 strike puts and buy 5 $8.5 strike puts expiring in 4 days. High profit probability, optimized return on risk, leveraging detected short-term bullish pressure with limited downside exposure.


July 16, 2024


Kinross Gold Forecast

KGC      Kinross Gold











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Assets that tend to move strongly with KGC



EGO Forecast + Options Trading Strategies   EGO  Eldorado Gold (0.96)


NGD Forecast + Options Trading Strategies   NGD  New Gold (0.96)


HMY Forecast + Options Trading Strategies   HMY  Harmony Gold Mining (0.94)


UGL Forecast + Options Trading Strategies   UGL  ProShares Ultra Gold (0.92)


CDE Forecast + Options Trading Strategies   CDE  Coeur Mining (0.92)



Uncorrelated Assets

Assets with little price relationship to KGC



OHI Forecast + Options Trading Strategies   OHI  Omega Healthcare Investors (0.0)


BALY Forecast + Options Trading Strategies   BALY  Ballys (0.0)


HDB Forecast + Options Trading Strategies   HDB  HDFC (-0.0)


OLN Forecast + Options Trading Strategies   OLN  Olin (0.0)


CVLG Forecast + Options Trading Strategies   CVLG  Covenant Logistics (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against KGC



FLYW Forecast + Options Trading Strategies   FLYW  Flywire (-0.84)


MED Forecast + Options Trading Strategies   MED  Medifast (-0.84)


YUMC Forecast + Options Trading Strategies   YUMC  Yum China (-0.84)


DEO Forecast + Options Trading Strategies   DEO  Diageo (-0.85)


SHLS Forecast + Options Trading Strategies   SHLS  Shoals (-0.88)





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