Although he thinks SPDR Gold Trust (GLD) is the best way to play the gold market, there's also Randgold Rosources (GOLD), the most successful player left in an admittedly ailing industry. The company is an Africa-focused gold mining and exploration company.
That's why Cramer spoke to CEO Mark Bristow. On Thursday, Randgold announced that it had produced a record 283.763 ounces of gold in its first quarter for 2014, a 43% increase from the same period last year. The company's exploration plans are underway in Mali, Senegal, the Democratic Republic of Congo, among others.
According to Bristow, 40% to 50% of the industry is producing gold that is not profitable. Cramer wanted to know how long that can last. Consolitdated gold production should reach the range of 1.13-1.20 million ounces in fiscal 2014, Bristow said.
No Huddle OffenseDuring the "No Huddle Offense," Cramer took a close look at the slew of companies that have come public in 2014 or, as he sees it, the flotsam and jetsam of biotech. Cramer said these IPOs are simply the function of a process where Wall Street sates the desire of the public with more and more deals of lower quality in "hot" segments. But last year we saw deals where everyone won, Cramer said. Case in point: Pinnacle Foods (PF), which owns brands such as Duncan Hines, Bird's Eye, Wish-Bone and Hungry-Man. This company went public at $20, and since March 2013 is up 13.2%. In February 2014, the company announced a quarterly cash dividend of 21 cents per share. On Monday, Hillshire Brands (HSH) announced plans to purchase Pinnacle Foods for around $4.3 billion in a cash-and-stock deal. The Pinnacle Foods deal is the type of whichshareholders dream, providing cash and upside in the transaction. Cramer said it is an example that others should aspire to follow. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC. To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here. -- Written by Chris Sahl in Boston.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV