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Jim Cramer's 'Mad Money' Recap: Has the Tech Bubble Already Popped?

Although he thinks SPDR Gold Trust (GLD) is the best way to play the gold market, there's also Randgold Rosources (GOLD - Get Report), 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.

Lightning Round

In the Lightning Round, Cramer was bullish on Enterprise Products (EPD)Yahoo! (YHOO) and Encana (ECA).

Must Read: Jim Cramer's 'Mad Money' Recap: Market Headwinds Getting Worse

Cramer was bearish on AthenaHealth (ATHN), Cheniere Energy (LNG) and Emerge Energy (EMES).

No Huddle Offense

During 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.

At the time of publication, Cramer's Action Alerts PLUS had a position in FB, GE and GOOGL.
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