Mad Money Machine

An Ordering Of Gold Stocks???

Last night on Mad Money a lightning round caller asked Jim about Newmont Mining (NEM). And Jim said it is the worst gold company but in a great neighborhood. He said he preferred…. paused… said that so many of the gold stocks are running out of gold… then said he would come back to you because he is doing an ordering of gold stocks for tomorrow night’s show.

So could this be your chance to get AHEAD of the Cramer Crackle???

Here are some gold stocks and what Jim has had to say about them in the past…

5 June:
Crystallex (KRY): if they open the mines KRY goes to $6.
Newmont Mining (NEM) worst gold company
Freeport-McMoRan Copper & Gold (FCX) Down 5 I take my stand it is too cheap to give up on

2 June:
Goldcorp (GG): “I do not want to own any gold stocks until I am convinced that gold is going to come down in price.” [Gold was at $635 on 2 June. Today it is at $626.]

23 May:
“I don’t have a lot of good feeling about gold,” Cramer said. “You typically get a nice bounce after a big decline,” he said about today’s uptick in the gold price, adding that it might be a good opportunity to ditch gold stocks.

19 May:
Gammon Lake Resources: “What we’ve learned about Canadian gold companies is that when the stocks are going up, you’re in nirvana, but when they’re going down [barking dog sound] .”

Freeport-McMoRan Copper & Gold (FCX) , which was down almost 22%. He said that this is a good mineral-and-gold play, a sector that people are still bearish on.

18 May:
Goldcorp (GG): “That quarter was not a great quarter. … I think that Goldcorp is no longer best of breed. Right here I am anointing AAUK (Anglo American).”

3 May:
Bema Gold: “You are not in the best of breed. The best of breed is GG (Goldcorp). GG pulls back to 34 from 37, that’s where I do the ‘mon back’.”*

2 May:
Goldcorp: “Recommended at 18. Here it as at 38 … it’s still the best.”

5 April:
Bema Gold: “I think Crystallex gets to 8 first.”
Companies like Goldfields (GV:Amex) operate in Venezuela, and if Crystallex gets approval, Cramer believes that Goldfields could be a buyer.