Points made by Jim Cramer in the above video [1]:
- Price of Gold is "plummeting." [Cramer made his "sell, sell everything Gold" call around the 29th [2], if we are not mistaken. The highest day high he could possibly short around that time was 935.2 (COMEX futures). Price of today's close was 831.5 -- that's a retracement of just over 100. Well done Cramer!]
- Strong dollar is the enermy of Gold. [Like most of the mainstream economists out there, Cramer is selling a USD story.]
- Cramer said we are in a deflationary environment.
- Cramer talked to Agnico-Eagle Mines CEO Sean Boyd.
- Sean Boyd said a 20% correction is normal. Now is the time to get back into the Gold stocks.
- Cramer agreed. [Is funny why Cramer would agree to buy Gold stocks when he said we are in a deflationary environment. Cramer, you are flip-flopping!]
- Cramer called Agnico-Eagle Mines the best Gold stock.
- Cramer: Buy, buy, buy... buy Agnico-Eagle Mines!!! [There we saw Cramer jumping back into the inflation camp advising viewers to have Gold as 10% of their portfolio!]
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