RE:RE:1,600,000 VGCX sharesNo shares purchased by Van Eck for GDXJ yesterday, so about a million shares to be added by end of day today.
MVargas wrote: phoenix_trader wrote: That's what Goldfinger says Van Eck will be buying for the ETF starting tomorrow.
Van Eck started buying on Monday and purchased 453,570 shares on Monday and Tuesday. That represented .07% of the target 0.23% holding, meaning about another 1 million shares to be purchased on Thursday and Friday as no shares were purchased on Wednesday.
If it weren't for the heavy tax loss selling, this level of buying would have a significant impact on the share price - much like John Doody's rec.