Tomorrow's Monster Outperformers: Miners of Gold and Silver

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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