A daily-rebalanced, momentum-driven strategy that uses two levered gold-miner ETFs (NUGT and DUST) plus a few hedge/assets. It buys NUGT when specific short/long-term momentum signals align, buys DUST under opposing signals, and defaults to cash if signals disagree. It blends RSI-based momentum and longer-term cumulative-return comparisons across assets to decide exposure, aiming to ride bullish gold-miner trends while using hedges to limit risk. Leveraged exposure and frequent rebalancing mean higher potential gains and higher risk.

The strategy watches two levered ETFs that magnify moves in gold miners: NUGT (goes up when gold miners rise) and DUST (goes up when gold miners fall). It also looks at a few safer assets (BIL as a cash proxy, and occasionally TLT or QQQ as market context). Every day, it runs a series of tests: 1) compute short-term momentum (roughly a 10-day lookback) for NUGT and DUST using RSI, which indicates whether a symbol is overbought or oversold. 2) check longer-term momentum and relative performance by comparing cumulative returns over longer windows (around 70–90 days) of NUGT against a broad benchmark (QQQ) and sometimes against DUST or other assets. 3) follow a hierarchy of what to hold: if certain conditions suggest NUGT is likely to rise (e.g., NUGT is oversold but DUST is strong), shift into NUGT; if opposite conditions hold, shift into DUST or into safer assets like BIL. 4) default to cash-like weighting, with a fully invested alternative only when the signals align. The plan is to be more exposed during favorable momentum for gold miners and to step back or hedge when momentum looks weak or conflicting. The rules are complex and designed to avoid whipsaws by requiring several aligned conditions before changing exposure. The daily rebalance means you’ll see frequent position size changes, and the leverage magnifies both gains and losses during volatile periods. In short: it’s a disciplined, multi-signal, momentum-driven bet on gold-miner moves using leveraged ETFs, with built-in risk hedges and a daily tuning routine.

Out-of-sample: ~124% annualized return; Sharpe ~1.65; Calmar ~4.41; beta ~0.40, with hedges. vs SPY ~27% return and ~5% drawdown, this momentum strategy on gold miners offers far higher upside with lower market risk and risk controls.