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

Stock quotes in this article: AEM , AUY , JWN , PVH , WMT , KSS , RIG  

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."

  • Loading Comments...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin
At the time of publication, Cramer was long Yamana Gold and Discovery Holding.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.

Recent Comments





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,501.05 1,114.11 2,212.10 35.46
Oil *
71.84
UP
29.55
UP
7.70
UP
21.79
UP
0.06
10 Yr
3.55%
SPDR Gold
110.24
+0.28%
+0.70%
+0.99%
+0.17%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services