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Bullish Case: Strengthening institutional interest, prevailing mean-reverting trend, and historical gains suggest GLD's momentum could continue to propel prices higher in the near term.


Bearish Case: Increased trading volume mixed with flat implied volatility suggests caution. Mixed institutional activity and mean reversion could pull GLD prices down or stabilize.


Potential Outcomes: Considering historical price patterns and recent institutional transactions, there's a balanced probability of either price stability or a moderate increase. Volatility expected to stay flat.


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April 11, 2024


SPDR Gold Shares Forecast

GLD        SPDR Gold Shares
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with GLD



EGO Forecast + Options Trading Strategies   [EGO]  Eldorado Gold (0.92)


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


HMY Forecast + Options Trading Strategies   [HMY]  Harmony Gold Mining (0.92)


NGD Forecast + Options Trading Strategies   [NGD]  New Gold (0.9)


BYRN Forecast + Options Trading Strategies   [BYRN]  Byrna (0.89)



Uncorrelated Stock Forecasts

Assets with little price relationship to GLD



LTPZ Forecast + Options Trading Strategies   [LTPZ]  PIMCO 15+ Year U.S. TIPS Index Exchange-Traded (0.0)


EDV Forecast + Options Trading Strategies   [EDV]  Vanguard Group, Inc. - Vanguard Extended Duration Treasury (-0.0)


IGV Forecast + Options Trading Strategies   [IGV]  BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector (0.0)


IPG Forecast + Options Trading Strategies   [IPG]  Interpublic Group Of Cos. (-0.0)


HPQ Forecast + Options Trading Strategies   [HPQ]  HP (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against GLD



IGT Forecast + Options Trading Strategies   [IGT]  International Game Technology (-0.76)


NYCB Forecast + Options Trading Strategies   [NYCB]  New York Community Bancorp (-0.78)


RILY Forecast + Options Trading Strategies   [RILY]  B. Riley Financial (-0.8)


AEHR Forecast + Options Trading Strategies   [AEHR]  Aehr Test Systems (-0.83)


EXTR Forecast + Options Trading Strategies   [EXTR]  Extreme Networks (-0.84)





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