Jim Cramer's 'Stop Trading!': Gold Is Back

Gold is back, Jim Cramer said on CNBC's "Stop Trading!" segment Thursday. Cramer dismissed Wall Street observers' claims that the dollar is correlated with oil. "Oil is correlated to supply and demand," he said. "The stocks are signaling that gold is going higher." He recommended Agnico-Eagle Mines (AEM Quote) and Yamana Gold (AUY Quote). "They're not done going up," he said.

"Retail was a great trade," Cramer said, but "we're finished. I want to sell retail." He instructed viewers to get out of Nordstrom (JWN Quote), Phillips-Van Heusen (PVH Quote) and VF Corp. (VFC Quote).

On the other hand, "Wal-Mart (WMT Quote) is the keeper in this group," Cramer said. However, he observed that "Kohl's (KSS Quote) said good things, the stock is going down. This group has had it." He was also bearish on Target (TGT Quote).

Cramer then moved on to discuss oil drilling in India. He said companies like Transocean (RIG Quote) are "really talking about India."

Cramer also recommended Discovery Holding (DISCA Quote), saying the company is unwinding its "convoluted ownership structure," and noting that the stock is a "green play."