Kagels Trading

Market forecasts

One page per market. Each one reads the chart on several time frames and names the price levels that matter.

24 markets in 7 asset classes, published openly since 2015.

Bar chart of price-to-sales ratios: against quarterly revenue times four, OpenAI 32 times and Anthropic 21 times; against the reported run-rate, OpenAI 17 times for September and Anthropic 15 times for July; OpenAI at a 1.4 trillion dollar valuation 52 times annualised Q2 revenue and 28 times the run-rate.

Latest update: OpenAI forecast

Not listed yet · no ticker ·

The situation: No price, no ticker, no date. OpenAI is a private company. This forecast calculates a valuation, not a price. CFO Sarah Friar names 2027, and Sam Altman has ruled out 2026.

Read the forecast →

Indices

US and German stock indices.

Metals

Precious and industrial metals.

Energy

Crude oil and natural gas futures.

Forex

Currency pairs and the rate gaps behind them.

Crypto

Bitcoin against the US dollar.

Interest rates

The Fed, Treasury yields and government bond futures.

Stocks

Single companies, including AI firms before their listing.

More markets will follow. How we build and update the forecasts: How we work.