NEW YORK ( TheStreet) -- When it comes to determining which way the market is headed, Jim Cramer told the viewers of his "Mad Money" TV show that "China is in charge." He said that China is the prism through which all of your market decisions must be made, and it just so happens that China has just created a huge opportunity in the fertilizer sector. Cramer said when it comes to commodities like steel and copper, corn and fertilizer, the U.S. is no longer in control. It's China that decides whether these commodities go higher or lower. It wasn't too long ago, he said, that China used 10% of the world's copper, while the U.S. used 30%. Today, that number is reversed.
Gold Looking GoodCramer has long said that gold should be a part of every investors' portfolio. He once again welcomed Sean Boyd, CEO of Agnico-Eagle Mines ( AEM), to the show to argue why. Boyd said that investors should disregard his company's sometimes confusing earnings, which include currency translations, and instead focus on the company's ramp-up in production output and its planned expansions that continue into 2014. He said that as Agnico-Eagle continues to increase it's production, it will keep producing gold at around $320 an ounce, far below the industry average. When asked further about the expansions, Boyd said that his company never hedges or sells its production forward, so as the price of gold continues to rise, Agnico-Eagle will see all of those gains. He said that with gold already trading over $900 a ounce, now is the perfect time to the company to ramp up its expansion efforts. Cramer said as the value of global currencies erodes from stimulus and bailouts and fears of inflation rise, gold just keeps getting better. He said that Agnico-Eagle, with it's low cost production and continued expansion, remains his favorite in the group.
Focused PortfolioCramer also welcomed Gary Rodkin, president and CEO of ConAgra Foods ( CAG), to the show to discuss how that company is fairing amidst falling commodity and advertising costs. Robkin said ConAgra is doing much better this year than it was last year, when commodity prices were skyrocketing. He said the company sees only moderate inflation in commodity costs, allowing the company to be in a much better position than it was last year. Robkin also said ConAgra also has a more focused portfolio of brands, now that the company has sold off its commodity futures trading operations, along with its processed meat divisions. He said the company now has a "foundation to win." When asked about ConAgra's dividend, currently yielding 3.8%, Robkin said he feels the company has the right formula to offer a safe dividend. He said the company now has leverage through scale in ways it never had before. ConAgra delivers great value through its portfolio of great brand name items, he said. Cramer continued to throw his support behind Robkin and ConAgra Foods.