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Old 11-10-2011, 07:40 AM   #1
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Tomorrow's Monster Outperformers: Miners of Gold and Silver

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Hotshot hedge fund manager David Einhorn is bullish on gold, but physical gold is no longer his default vehicle for profitable gold exposure.

During the third quarter, Einhorn's Greenlight Capital Re (NYS: GLRE) sold physical gold holdings in order to purchase a "significant position" in the Market Vectors Gold Miners ETF (NYS: GDX) . With that deliberate shift in the structure of his gold allocation, Einhorn becomes the latest institutional investor to recognize that "a substantial disconnect has developed between the price of gold and the mining companies."
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Old 11-10-2011, 08:49 AM   #2
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GDX and GDXJ are the two best ETFs to use if you want exposure and don't want to buy individual names. Typically it's best to buy weakness but averaging in is fine. The miners are extremely volatile (more so than gold if you can believe it) so you will not want to use margin.
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