Because of the Fed’s actions, Greenlight Capital’s David Einhorn is buying gold (GLD)
From his recent letter:
This jives with what I have been saying here. Point to note, these swings are usually long term trends. Be patient. The macro-events that will cause gold to rise will take a while to unfold. just tuck it away..
Remember Allied Capital (ALD), the target of Einhorn’s Book “Fool some of The People”? Allied may just default ot was announced yesterday.
Disclosure (“none” means no position):None
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2 replies on “David Einhorn: "Bernanke is an inflationist"”
when you write “Disclosure (“none” means no position):None”, does this mean you have no position on Gold here or just no position on ALD ?
I am asking because your comment on Gold seems particularly bullish (long term), so your disclosure seems kind of contradictory to me.
i had a $ugl position last week. currently have $slv. lots of folk are plowing into gold and its price relative to others has gotten out of whack, i think dollar for dollar silver may be better…for now..