Published: Thursday, 5 May 2011 | 6:18 PM ET Text Size By: Drew Sandholm
Web Producer
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Both the gold and silver continued its slide on Thursday, as people who bought them on margin were forced to either put up more cash or get blown out of their positions, Cramer said.
Being as the sell-off is about mechanicals, not fundamentals, Cramer maintains that gold is still a great long-term, money-making theme. The "Mad Money" host thinks every investor should own some gold. Now that the precious metal has begun to pullback, he thinks it's time to slowly start building a position. Cramer recommends bullion, the SPDR Gold Shares [GLD 143.47 -4.26 (-2.88%) ] exchange-traded fund and lastly, the miners.
When it comes to gold minters, Cramer's fave is Goldcorp [GG 48.72 -2.06 (-4.06%) ]. He thinks it's a high-quality company with the lowest cash costs in the industry, as well as great execution and healthy production growth. So where could GG go from here? To find out, Cramer spoke with CEO Charles Jeannes. Check out the full interview by watching the video.
发表于 2011-5-5 20:22
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