This article provides an update on the performance of a strategy we published last year for trading gold long and short based on yield changes. Access to the article requires a Premium Articles subscription or an All-in-One subscription.
This is a simple strategy in the monthly timeframe discussed in a premium insights article last year. Below is the yearly performance and equity curve with GLD ETF since 2007.
Year-to-date the strategy is up +10.6%. The strategy is always in the market, long or short gold. Positions are reversed from long to short and the other way around based on a simple indicator of bond yields.
Below are the rules of the strategy, evaluated at the end of every month:
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Specific disclaimer: This report includes charts that may reference price target levels determined by technical and/or quantitative analysis. No updates to charts will be provided if market condition changes occur that affect the levels on the charts and/or any analysis based on them. All charts in this report are for informational purposes only. See the disclaimer for more information.
Disclaimer: No part of the analysis in this blog constitutes a trade recommendation. The past performance of any trading system or methodology is not necessarily indicative of future results. Read the full disclaimer here.
Charting and backtesting program: Amibroker. Data provider: Norgate Data
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