Bullish Case: NGD shows potential for sudden price jumps, indicating a case for bullish call options, especially with improving sector sentiment and short-term gains observed historically.


Bearish Case: Consistent price flattening and high negative returns within short-term holding periods suggest strong bearish momentum, making bearish credit spreads a strategic option.


Potential Outcomes:

1. Production success (40%): Boosts stock.

2. Market downturn (30%): Drops price.

3. Operational issues (20%): Stalls progress.

4. Increased mining costs (10%): Lowers profit margins.


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April 25, 2024


New Gold Forecast

NGD        New Gold
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











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EGO Forecast + Options Trading Strategies   EGO  Eldorado Gold (0.93)


UGL Forecast + Options Trading Strategies   UGL  ProShares Ultra Gold (0.93)


GLD Forecast + Options Trading Strategies   GLD  SPDR Gold Shares (0.92)


HMY Forecast + Options Trading Strategies   HMY  Harmony Gold Mining (0.9)


IBRX Forecast + Options Trading Strategies   IBRX  ImmunityBio (0.86)



Uncorrelated Stock Forecasts

Assets with little price relationship to NGD



CNX Forecast + Options Trading Strategies   CNX  CNX Resources (0.0)


AXSM Forecast + Options Trading Strategies   AXSM  Axsome Therapeutics (0.0)


ARLP Forecast + Options Trading Strategies   ARLP  Alliance Resource (0.0)


VEEV Forecast + Options Trading Strategies   VEEV  Veeva Systems (-0.0)


GSHD Forecast + Options Trading Strategies   GSHD  Goosehead Insurance (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against NGD



AEHR Forecast + Options Trading Strategies   AEHR  Aehr Test Systems (-0.75)


EXTR Forecast + Options Trading Strategies   EXTR  Extreme Networks (-0.77)


ATSG Forecast + Options Trading Strategies   ATSG  Air Transport Services (-0.78)


JDST Forecast + Options Trading Strategies   JDST  Direxion Daily Junior Gold Miners Index Be (-0.88)


GLL Forecast + Options Trading Strategies   GLL  ProShares UltraShort Gold (-0.93)





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