Appreciate the honest comparison showing buy-and-hold actually outperformed the strategy since GLD inception. Most momentum write-ups cherry pick time periods to make returns look better than they are. The dual filter approach using IEF as confirmation makes sense tho, it helps avoid the periods where gold just bleeds slowly while rates rise. I've been running a simpler relative strength approach on commodities and the main value is definately in avoiding the worst drawdowns, not beating buy-and-hold.
Appreciate the honest comparison showing buy-and-hold actually outperformed the strategy since GLD inception. Most momentum write-ups cherry pick time periods to make returns look better than they are. The dual filter approach using IEF as confirmation makes sense tho, it helps avoid the periods where gold just bleeds slowly while rates rise. I've been running a simpler relative strength approach on commodities and the main value is definately in avoiding the worst drawdowns, not beating buy-and-hold.
Thanks for your nice comment!