Memo to David Einhorn re: Gold Miner Suckitude
Hedge fund manager David Einhorn is accumulating the gold miners and letting some physical gold go here. Why?
QOTD: Some Kind of Mania in Gold Mining Stocks Before this Ends
“I think they have lagged long enough and we are reaching the point where if the price of gold stays at $1,800 an ounce or even goes higher, then the mines will begin to coin money and dividends will be increased.”
"Is Gold Money?" No, It's an ETF.
Gold is more like a drug than it is like money…