VanEck Gold Miners ETF
target weight3.38%
directionLong
roleHigh-Beta Proxy
3.38% long, down from 3.60% (-6.1%). The gold thesis step plus an alignment cut to 0.72 after 
GDX fell 9.7% against bullion's 4.0%.
vs 1.1.6-0.00 —
Theses funding this position
Every thesis whose alignment contributed weight here; edge weight is the thesis own confidence.
- held security
VanEck Gold Miners ETF- holding direction
Long- holding role
High-Beta Proxy- serves thesis
Gold structural debasement bid