Tomorrow's Monster Outperformers: Miners of Gold and Silver

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a community supported watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Register a free account to join the discussions. When you register an account and log in, you may enjoy additional benefits including access to market data/charts and additional members only rooms (including one for trade/barter with the community).

pmbug

pmbug

Your Host
Administrator
Benefactor
Messages
21,438
Reaction score
9,014
Points
268
Location
Texas
United-States
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."
...
Click to expand...

More: http://www.dailyfinance.com/2011/11/09/tomorrows-monster-outperformers-miners-of-gold-an/
 
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.
 
You must log in or register to reply here.
Back
Top Bottom