Friday, January 30, 2009

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.

Labels: , , ,

10 Comments:

Anonymous forex guides said...

Hello.. This is a good post.


forex guides

5:32 PM  
Anonymous Gold IRA said...

I think that the increase gold price is a good sign for all. I can feel your blog is very useful and impressive for me.
Watch a free video on Gold IRA.

12:15 AM  
Blogger Nexpider said...

Gold is the pricous metrial and increase the value of you money.So gold is the worth buying. I like your post.
simple meditation
herbal drug

6:48 AM  
Anonymous UK Website Design Company said...

"The Gold-Bug" was an instant success and was the most popular and most widely-read of Poe's works during his lifetime.

4:45 AM  
Blogger aa said...

live119|live119論壇|
潤滑液|內衣|性感內衣|自慰器|
自慰套|情趣內衣|
G點|性感丁字褲|吊帶襪|
煙火批發|煙火|情趣用品|SM|充氣娃娃|AV|情趣|
衣蝶|丁字褲|無線跳蛋|性感睡衣|
按摩棒|電動按摩棒|飛機杯|自慰套|
角色扮演|跳蛋|情趣跳蛋|

3:36 AM  
Anonymous Treatment for Sleep Apnea  said...

I can feel that you have put in hard efforts. Good job!!

5:21 AM  
Blogger Ayesha said...

Photo Data recovery Freeware is very useful software, sometimes free software do not provides full functionality, and request for the purchase. Photo Recovery

7:53 AM  
Anonymous phonesex said...

Good one club! I would like to join this club.

2:38 AM  
Anonymous structured settlement cash said...

While Lon is a solid gold bull, he still has some reservations about the precious metal.

2:16 AM  
Anonymous sell structured settlement said...

The first Gold Bug Club (feb 11th) was a great success. Leo from Cheka played a fab solo set, I played and then my new favorite band ‘Gaolers Daughter’ check em out at www.myspace.com/gaolersdaughter I saw them last week at 229 on Great Portland street and they were fantastic, although i think their acoustic set at The Boogaloo shaded it. They’re gonna play the Gold Bug Club again April 15th so be sure not to miss.

3:24 AM  

Post a Comment

<< Home