SA Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: If gold prices recover and Seabridge secures necessary environmental permits, stock prices could soar, supported by historical returns showing positive long-term performance.




Bearish Case: Potential delays in permit approvals or geopolitical tensions could lead to negative sentiment, risking sharp declines in stock price amidst high current volatility.




Potential Outcomes:

1. Successful permit approval (60% chance): Price likely to rise significantly.

2. Delay in approvals or geopolitical unrest (30% chance): Possible decrease and volatility.

3. Continued low gold prices (10% chance): Further downward pressure on SA.




Trading Oracle: Consider a bullish strategy via a debit spread: Buy 1 $16 call and sell 1 $18 call. This targets upside momentum while limiting risk, taking note of favorable long-term return patterns and current volatility levels. High probability of profit is expected with a positive risk-to-reward ratio.



November 21, 2024


Seabridge Gold Forecast

SA        Seabridge Gold











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