Cramer’s New Play For $1,600 Gold (AEM)

Jim Cramer came out on CNBC’s MAD MONEY tonight, predicting huge gains in gold and he thinks that the current sub-$1,000 per ounce prices may go to $1,600 per ounce. He started talking about Basketball’s March Madness and a “Sweet 16″ his “sweet 16″ targets all revolve around “$16″ for commodity prices. Cramer thinks that most of these gold companies have no risk to earnings with prices rising higher and higher. His new top pick in the gold sector for new buyers that haven’t bought a gold stock is Agnico-Eagle Mines Ltd. (NYSE: AEM). He noted that it is growing…
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Original Source

  3 March, 2008| Economy | @ 23:43

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