Paulson also owns stakes in gold miners AngloGold Ashanti (AU), Kinross Gold (KGC), Gold Fields (GFI) and Market Vectors Gold Miners (GDX), a mining ETF.

Einhorn's top holdings include long positions in URS (URS), Teradata (TDC), Wyeth(WYE), Cardinal Health (CAH), Market Vectors Gold Miners ETF(GDX), Allegheny Energy (AYE), EMC (EMC, and Einstein Noah (BAGL).

Q: In that case, tell us what to buy in the next six months.

Fred Hickey: Buy value, and protect yourself against the threat of the dollar's collapse and the return of inflation. I've been riding the gold wave for a decade, and the major secular bull market in gold isn't over. I'm twice as adamant now as in January about the need to own gold. I continue to like the mining companies. The GDX, or Market Vectors Gold Miners ETF [exchange-traded fund], is a diversified fund of some 30 mining stocks. I still like Agnico-Eagle Mines , and bullion, which you can own through the GLD, or SPDR Gold Shares ETF. My favorite gold miner is Yamana Gold . It is based in Canada but operates in Brazil, Mexico and Chile. It trades on the New York Stock Exchange. It rallied to 11 a share from 4, but is down from a year-ago peak of 19, even though the price of gold has recovered to almost $1,000 an ounce. The P/E is reasonable. The company has new mines coming on, and it is benefiting from lower costs.

Gold

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Historical nucleus value center.

Golden!

Then there’s David Einhorn – he reported stakes in the SPDR Gold Shares ETF (GLD) and the Mkt. Vector Gold Miners ETF (GDX) last month.

On Friday’s Closing Bell Najarian tells Dylan Ratigan," now I’m long the miners ETF (GDX) and short the GOLD ETF (GLD) against it. However, “if the spot price of gold [US@GC] breaks below $850 I’m out of this trade.”

Pete Najarian said hedge fund manager David Einhorn has jumped into the SPDR Gold Trust(GLD) and the Market Vectors Gold Miners (GDX).

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