GDXJ Holdings as of June 16 As of June 16 GDXJ holds $US10.5 M worth of ELD. That will most likely increase 5 to 8 times as GDXJ continues to BUY ELD shares & ELD will creep up the Holdings roster?
If so, a floor & solid support is forming in ELD as GDXJ will continue to buy (similar to a share buyback).
See Eldorado way way way down the Daily Holdings list (link below). Watch as ELD begins to creep up this list. Scroll down here:
https://www.vaneck.com/etf/equity/gdxj/holdings/