RP Gold basket Short

ANGLOGOLD ASHANTI PLCJSE

Description

⋅ Oct 19, 2018 5:59 AM

@RobbyP thinks his gold basket (blend of ANG, GFI, HAR and SGL) is looking overdone. Possibly look for a short-term short.

Multiple Time Frame Analysis Beyond Technical Analysis

Comments

MarkWeetman

⋅ Oct 19, 2018 8:39 AM

To create the simple Rp_Gold basket, we used the market cap of the Top4 JSE Gold stocks, using the Tradingview screener online.unum.co.za/wp-content/uploads/2018/10/RP_Gold_basket.jpg and then % weighted each stock JSE:ANG 43.9%, JSE:GFI 25.7%, JSE:SGL 18.8% and JSE:HAR 11.6%.

Sasquatch_Trader

⋅ Oct 19, 2018 7:43 AM

Create an index and share the TA here. Backtest to optimize the mixfor certain market condition and change the index accordingly.

MarkWeetman

⋅ Oct 19, 2018 8:24 AM

Hi @trade_dog_21, this was a very simple market weighted basket which excluded DRD, and was modified based on @RobbyP sentiment.Weightings are currently ANG (43%), HAR (11.55%), SGL (20.45%) and GFI (25%). It was created for us to trade a broad based JSE gold basket with a single trade.

we have not back-fitted this at all.