Charting Gold’s Trajectory
“What’s glittering more than anything else in the world today?” Cramer asked Mad Money” viewers on Wednesday. “My favorite metal. We're talking gold.”
The precious metal has been soaring toward $1,300 this month, leaving investors with a play-or-punt conundrum. Do they hold on for $1,400 or take profits while they can?
Cramer thinks gold will ultimately reach $2,000, recommending the SDPR Gold Shares exchange-traded fund as a play on it, or Agnico-Eagle Mines . He’d even endorse bullion or gold coins if you have a safe place to store them. But he wanted to test his theory against one of the best technical analysts out there, in his opinion, WJB Capital Managing Director John Roque.
Roque heads the technical analysis strategy group at WJB, and Cramer has been following his work for years. What does he have to say about gold and its prospects? Watch the video for his full report.
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