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NGD Forecast

Bearish <—> Bullish

80% Confidence

Bullish Case: NGD benefits from soaring gold prices and operational efficiency, driving a stock price rally amidst high implied volatility.

Bearish Case: Operational setbacks and volatile gold prices could weigh on NGD, increasing downside risks despite investor optimism.

Potential Outcomes:

1. Gold price surge boosts NGD (40%),

2. Operational issues hinder growth (30%),

3. Geopolitical tensions raise volatility (30%).

Trading Oracle: Implement a bullish debit spread: purchase May 2025 $2.50 calls, sell $3.50 calls. Leverage high implied volatility for medium-term gains, targeting operational and geopolitical catalysts. Favorable risk-reward with chances of a gold rally.

January 04, 2025

New Gold Forecast

NGD New Gold

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Future Uncertainty

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Correlated Assets

Assets that tend to move strongly with NGD

KGC Kinross Gold (0.97)

GLD SPDR Gold Shares (0.96)

WPM Wheaton Precious Metals (0.95)

CLH Clean Harbors (0.94)

PPTA Perpetua Resources (0.93)

Uncorrelated Assets

Assets with little price relationship to NGD

SRRK Scholar Rock (-0.01)

FXY Invesco CurrencyShares Japanese Yen (-0.01)

WPC W. P. Carey (0.02)

GIII G-III Apparel (0.02)

FANG Diamondback Energy (0.02)

Anticorrelated Assets

Assets that tend to move strongly against NGD

IEP Icahn (-0.89)

AMR Alta Mesa Resources (-0.9)

SPXS Direxion Daily S&P 500 Bear 3X Shares (-0.92)

WBA Walgreens Boots Alliance (-0.93)

APLS Apellis Pharmaceuticals (-0.93)

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* Disclaimer: Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Helium Trades is not responsible in any way for the accuracy of any model predictions or price data. Any mention of a particular security and related prediction data is not a recommendation to buy or sell that security. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. Helium Trades is not responsible for any of your investment decisions, you should consult a financial expert before engaging in any transaction.