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

There's a bull market in the glittery yellow metal, Cramer says.
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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) - Get Report and Yamana Gold (AUY) - Get Report. "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) - Get Report

,

Phillips-Van Heusen

(PVH) - Get Report

and

VF Corp.

(VFC) - Get Report

.

On the other hand, "

Wal-Mart

(WMT) - Get Report

is the keeper in this group," Cramer said. However, he observed that "

Kohl's

(KSS) - Get Report

said good things, the stock is going down. This group has had it." He was also bearish on

Target

(TGT) - Get Report

.

Cramer then moved on to discuss oil drilling in India. He said companies like

Transocean

(RIG) - Get Report

are "really talking about India."

Cramer also recommended

Discovery Holding

(DISCA) - Get Report

, saying the company is unwinding its "convoluted ownership structure," and noting that the stock is a "green play."

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

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