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Panicked investors sparked a flight to quality, pushing gold to $977 an ounce from $700, which is where it was when the market bottomed in November. The move is no surprise – when people are scared, they seek haven in the precious metal.
The question, though, is whether or not you’ve missed the rally. And if not, what’s the best way to play it. Cramer’s a fan of SPDR Gold Shares [GLD
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] because it tracks the price of gold, but there haven’t been many related companies he could get behind. Well, aside of Agnico-Eagle Mines [AEM
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]. But is the stock still worth buying?
Watch Cramer’s interview with AEM CEO Sean Boyd to find out.
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