GO
Loading...

The Eldorado Enigma

“Gold is still in the early innings of a massive multi-year move,” Cramer said Friday. “This is not a bubble, it is merely the beginning of an historic rally.”

An easy way to own the precious metal is with the SPDR Gold Shares exchange-traded fund, which tracks the price of gold. But for those open to a bit more risk, the miners can offer a bit more reward.

Cramer’s already recommended Agnico-Eagle Mines, and he’s a big fan of Eldorado , too. EGO, though, while delivering a 113-percent gain for “Mad Money” viewers since Cramer’s Feb. 25, 2009, recommendation, has underperformed Agnico and the GLD since July 27. These latter two are up 42 percent and 17 percent, respectively, versus Eldorado’s 9 percent.

So what’s the problem here? Should EGO be ramping right along with gold prices? Or was there something in the company’s most recent quarter that signaled trouble? To figure it out, Cramer invited CEO Paul Wright to the show. Watch the video for the full interview.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

Symbol
Price
 
Change
%Change
AEM
---
ELD
---
GLD
---

Featured

Contact Mad Money

  • Showtimes

    U.S.
    Monday - Friday 6p ET
    Australia
    Saturday 8a, 1p, 7p SYD
    Sunday 12a, 1a, 8a, 7p SYD
    New Zealand
    Saturday 10a, 3p, 9p NZ
    Sunday 2a, 3a, 10a, 9p NZ
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.