SPDR Gold Shares ETF
target weight4.98%
directionLong
rolePrimary Vehicle
4.98% long, down from 5.25% (-5.1%). Both theses that hold it eased - 
Gold structural debasement bid 0.82 to 0.79 after 
gold fell while yields eased, and 
Stagflation risk and Fed independence stress to 0.86 with GLD cut to 0.45 inside it. Driver-union dedup: inflation-debasement is shared, counted once at Gold structural debasement bid; monetary-credibility is shared, counted once at Gold structural debasement bid, while its other channels add.
vs 1.1.7-0.00 —
Theses funding this position
Every thesis whose alignment contributed weight here; edge weight is the thesis own confidence.
- held security
SPDR Gold Shares ETF- holding direction
Long- holding role
Primary Vehicle- serves thesis
- Stagflation risk and Fed independence stress, Gold structural debasement bid