June 12, 2026: We recommend the following change…
After a strong start to the year, gold has and gold mining equities have experienced significant volatility. More specifically, during times of broad market weakness gold has shown less resilience and our investing discipline dictates that we implement another trim of the position while still maintaining a holding in this monetary hedge.
- Decrease the VanEck Vectors Gold Miners ETF (Symbol: GDX) from 3% to 1.5%. We already harvested some profits from gold earlier this year and we are taking further profits as this holding still shows over a 145% gain from our initial entry.
Following this change, the Model Fund Portfolio is comprised of 56.5% long positions, 5% in an inverse index ETF, 5% in an intermediate Treasury ETF, and 33.5% cash held in short-term Treasurys or a money market fund. This results in 51.5% net equity exposure.