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,
(M - Get Report)
(F - Get Report)
Alan Mulally, and
(SBUX - Get Report)
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.
In the Lightning Round, Cramer was bullish on
US Airways Group
Cramer was bearish on
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.
and its culture of science and innovation will serve it well, which is why he owns it for his charitable trust,
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and thinks it's still a buying opportunity.
, with its 20-year plan for growth and superior products, is headed to $120 a share and beyond, said Cramer.
Is Macy's going to suffer at the hands of
? Cramer said the smart money is on CEO Terry Lundgren.
Then there's Ford, another Action Alerts PLUS holding. Cramer said that Mulally's "profitable growth for all" mantra will resonate in its stock and he'd continue to be a buyer.
Finally, Cramer said that after 20 years as a public company, Starbucks is still in the early innings of its growth story and the stock won't quit any time soon.
No Huddle Offense
In 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
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.
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