Welcoming David Einhorn To The "Gold Bug" Club

Our own Lon Juricic is personally welcoming Greenlight Capital's David Einhorn to the "Gold Bug" Club. Recently we learned that Mr. Einhorn started taking the advice of his Grandpa Ben and bought gold for the first time. Lon has been long gold, though the ETF SPDR Gold Shares SPDR Gold Shares (NYSE: GLD), since the fall of 2008, when gold was in the mid-$700 range. Gold has since run to about $900.

Einhorn is buying gold and call options on gold and Market Vectors Gold Miners ETF (NYSE: GDX), which is an exchange-traded fund which seeks to replicate the price and yield performance of the NYSE Arca Gold Miners Index. Top holdings of the index include Barrick Gold (NYSE: ABX), Goldcorp (NYSE: GG, Newmont Mining (NYSE: NEM), Kinross Gold (NYSE: KGC), and Yamana Gold (NYSE: AUY).

While Lon is a solid gold bull, he still has some reservations about the precious metal. You can read about those concerns and more on Einhorn here.

Icahn Boosts Stake In Amylin (AMLN), Look For a Future Sale

It's been a while since we posted here. Due to the credit crisis we've been super busy at the main StreetInsider.com site. In addition, there haven't been too many 13Ds worth mentioning. We are going to start posting frequently again.

Today, there was an interesting filing from one of our favorites Carl Icahn on Amylin Pharmaceuticals (Nasdaq: AMLN). He's been a holder there for a long time, but now he is seeking to get a slate of 5 on the Board of Directors. We have a great article over at StreetInsider.com for premium members, discussing how "Like ImClone, Ichan Will Get Amylin Sold."