NG Forecast + Trading Strategies


Bullish Case: NG has demonstrated a strong 33.4% increase in the last 60 days, indicating short-term bullish momentum. Potential infrastructure investments could unlock further upside.


Bearish Case: NG's five-year decline of -32.8% highlights continued vulnerability. Economic slowdown and macro uncertainties could further pressure its valuation.


Potential Outcomes:

1. Infrastructure boosts (+35%).

2. Continued economic decline (-40%).

3. Stable range due to hedging (10%).

4. Volatility spikes during geopolitical upheavals (15%).


Trading Oracle: Execute a credit spread (Short Volatility) with Sep 2024 $4.00 Calls and $5.00 Puts. Focus on capturing premium amidst low trading volumes and implied volatility skew. Time horizon: 3 months. High reward:risk with optimal edge.


July 13, 2024


Novagold Resources Forecast

NG      Novagold Resources











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APD Forecast + Options Trading Strategies   APD  Air Products & Chemicals (0.85)


PFE Forecast + Options Trading Strategies   PFE  Pfizer (0.84)



Uncorrelated Assets

Assets with little price relationship to NG



ALC Forecast + Options Trading Strategies   ALC  Alcon (0.0)


TBBK Forecast + Options Trading Strategies   TBBK  Bancorp (-0.0)


WULF Forecast + Options Trading Strategies   WULF  TeraWulf (-0.0)


PPTA Forecast + Options Trading Strategies   PPTA  Perpetua Resources (0.0)


GNRC Forecast + Options Trading Strategies   GNRC  Generac (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against NG



WRB Forecast + Options Trading Strategies   WRB  W.R. Berkley (-0.82)


VRNS Forecast + Options Trading Strategies   VRNS  Varonis Systems (-0.83)


INFA Forecast + Options Trading Strategies   INFA  Informatica (-0.83)


CHKP Forecast + Options Trading Strategies   CHKP  Check Point Software Technolgies (-0.83)


AGO Forecast + Options Trading Strategies   AGO  Assured Guaranty (-0.84)





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