Looking at a monthly chart of gold futures, Garner noted that July is historically a seasonal low for gold, but this year both the relative strength indicator, or RSI, along with the Williams oscillator, are also at historic lows. In fact, the RSI is at its weakest point in 13 years, while the Williams is at levels only seen three times in the past 13 years.
Based on all these factors, Cramer said it's clear that a snap back is imminent, which is why Garner would be buying on any weakness. Cramer said he's in agreement with the Garner's excellent research.
Invest in America: Power Panel
For his final "Invest in America" segment of the week, Cramer conducted a "power panel" with the three CEOs he spoke with yesterday, Macy's (M) Terry Lundgren, Ford Motor's (F) Alan Mulally, and Starbuck's (SBUX) Howard Schultz.
When asked about beating adversity, something all three CEOs have done admirably, they agreed the most important thing is to surround yourself with a great team of like-minded individuals who are willing to dig in and get the job done. They all agreed there are many opportunities to contribute to making a better world and younger people need to find their passion and get to work.All three CEOs also agreed their companies represent some of the best innovation America has to offer. While Ford works on alternative fuels and reduced emissions, Macy's innovates with new retail concepts and Starbucks invents new, healthier drinks. The American dream is alive and well and our society needs to celebrate the creative and entrepreneurial minds that are going out there and making a difference. Success comes with sacrifice, which is why you should never give up and never quit before your achieve your goals, the panel agreed.
Lightning RoundIn the Lightning Round, Cramer was bullish on Wyndham Worldwide (WYN), US Airways Group (LCC), Toyota Motor (TM) and Joy Global (JOY). Cramer was bearish on Goldcorp (GG) and Millennial Media (MM).
What Have We Learned This Week?Following up on a week's worth of interviews with some of America's greatest CEOs, Cramer offered his thoughts on the stocks of each company he featured. Cramer said DuPont (DD) and its culture of science and innovation will serve it well, which is why he owns it for his charitable trust,
No Huddle OffenseIn his "No Huddle Offense" segment, Cramer sounded off against what he called the "new norm" of lower job creation in our country. He said the conference call from Paychex (PAYX) was downright depressing, as management told analysts that four years after the recession America still doesn't not have an environment that encourages new business formation. Cramer said while our government has displayed a total lack of leadership in introducing any bold plans to get America back to work, there's also a growing sense that new businesses simply cannot compete against the firepower of America's best and brightest companies. Given all of the increased regulations and hurdles most new businesses must go through, it's easy to see why fewer and fewer are even considering taking the risk. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC. -- Written by Scott Rutt in Washington, D.C. To email Scott about this article, click here: Scott Rutt Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC
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