Cramer Hustling Gold

[chr5648]

Got this in an email today

Cramer and Gold.jpg

[dbarberic]

Re: Cramer Hustling Gold

Phase II is now official.

The other odd occurance was that my sister, who has absoultly no investment knowlege or skills, was bombarding me with questions about gold and silver during Thanksgiving. She wants to completely dump her 401K and buy physical.

If I use her as a proxy for the everyday common Joe, this thing has finally kicked into gear...

[Slimprofits]

Re: Cramer Hustling Gold

"buy gold"



"physical gold"

[strittmatter]

Re: Cramer Hustling Gold

Got this in an email today

[ATTACH]2534[/ATTACH]

Don't Do It Batman!!!!

[media]

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[shiny!]

Re: Cramer Hustling Gold

Must be time to sell then.

[jimmygu3]

Re: Cramer Hustling Gold

His 3 reasons for liking the gold rally are 1)falling dollar, 2)no deflation, 3)reflation (not inflation, of course). Translation: a weak dollar lifts all (nominal) ships.

Cramer's 'Mad Money' Recap: Why the Gold Rally Is Good

NEW YORK (TheStreet) -- "Stop fearing high gold prices," was Jim Cramer's lesson to the viewers of his "Mad Money" TV show Wednesday.
He said that gold is no longer the barometer of global chaos, and the rally in gold, is actually a good thing.
Cramer said the bears, of course, always spin the rally in gold as a sign of pending doom for equities. But that's simply not the case, he said. Investors need to stop worrying about the rally in gold, and in fact, should embrace it. Cramer cited reasons why he believes a rally in gold is good for stocks.

Reason No. 1: A rally in gold means a falling dollar. Cramer said a falling dollar is fantastic for any company that exports its products. He said a weak dollar benefits construction equipment companies, aerospace firms and drug makers.

Reason No. 2: High gold prices means no deflation. Cramer said it was deflation that derailed the economy in the Great Depression, but that's just not possible now with gold continuing to rally.

Reason No. 3: High gold prices means reflation. Cramer said there's a big difference between reflation and inflation. While inflation is bad, reflation means companies are growing their earnings, which is exactly what Wall Street wants to see.

Of the many whys to invest in gold, Cramer again gave the nod to the SPDR Gold Trust (GLD Quote) ETF.
He also added the Market Vectors Junior Gold Miners (GDXJ Quote), a new gold ETF that focuses on the small to medium gold miners. He the new ETF gives investors a new opportunity to invest in the miners that still some room to grow.

[Slimprofits]

Re: Cramer Hustling Gold

Must be time to sell then.

Reverse psychology?

[LorenS]

Re: Cramer Hustling Gold

Didn't Cramer ride the DOT.COM craze all the way up too? I don't listen to him, he just irritates me.

To be 100% wrong is just as hard as being 100% right. The worst forecasts are from the completely ignorant who just spew useless information. The thing with useless information is that, surprisingly enough, it has no use. One way or the other.

How good is Cramer? I don't know I can't stand to listen long enough.

How good am I? I'm not a good investor, but I earn good money and have had success preserving my savings.

I got Y2K completely wrong but made out on food, propane and gold none the less. I got the Dot.com bubble right but 3 years early so missed the blow off top even though I locked in 10 years of gains. I got the housing bubble right but was wrong about my location and the timing in general. If I was a financial adviser my clients would be better off than most folks, but wouldn't be rich by any means.

This stuff just isn't that easy.

[unlucky]

Re: Cramer Hustling Gold

How good is Cramer? I don't know I can't stand to listen long enough. .

Cramer is a great entertainer. I like the way he dances around the stage and shouts and screams.

Don't know why he keeps talking about boring investment stuff tho..