Rule-based gold hedge allocating roughly 50/50 between GLD and SHNY. If GLD’s 10-day RSI < 30 or GLD’s cumulative return > 1, tilt to SHNY; else tilt to GLD. Uses a 10% drift tolerance with no automatic frequent rebalancing. High risk due to leverage in SHNY; GLD provides a stabilizing, unlevered gold exposure.

- The strategy splits your gold exposure roughly 50/50 between GLD (normal gold ETF) and SHNY (3x leveraged gold ETN). - First check: is GLD’s 10-day RSI below 30? (RSI measures short-term price momentum; below 30 suggests recent price weakness.) - If yes, tilt to SHNY (more aggressive gold exposure). - If not, check GLD’s cumulative return. If GLD has risen (cumulative_return > 1), tilt to SHNY; otherwise tilt to GLD. - The goal is to keep the two positions near equal weight, with an allowed drift (rebalance corridor) of 10%. - Rebalancing is not automatic beyond that corridor; no constant rebalancing is performed. - Intended as a gold hedge with conditional leverage exposure, acknowledging SHNY’s higher risk and volatility.

Gold-hedged, rule-based tilt with superior risk-adjusted gains. Out-of-sample Sharpe ~2.16 vs SPY ~0.98, near-zero beta, and Calmar ~5—offering more upside with disciplined market hedging.