GO
Loading...

Cramer: This Secular Trend Will Continue Through 2011

Friday, 3 Dec 2010 | 3:29 PM ET

The Chinese are buying gold so aggressively that demand there is up 35 percent year-over-year, prompting Cramer on Friday to predict this secular trend isn't going away anytime soon.

"We know that's a big secular trend that's not going to end in 2010," the "Mad Money" host said, adding with gold in short supply, it could go to $2,000 per ounce.

Stop Trading! Listen to Cramer
Mad Money host Jim Cramer shares his take on the markets and copper stocks.

To play the precious metal, Cramer likes NovaGold Resources, as well as Agnico-Eagle, which recently reported a "dynamite quarter." He's not a fan of Barrick Gold Corp. and Newmont Mining , however, being as both stocks lack growth.

Speaking of basic materials, Cramer is watching the price of copper, as wage talks at a big Chilean mine broke down once again. Should copper prices climb, he thinks shares of Freeport-McMoRan Copper & Gold will too. He added that Chinese demand is also driving copper prices to the upside.

Meanwhile, Cramer said people are starting to again be enthusiastic about making money on stocks, like Apple . As a result, they're looking to do more buying, even though many companies have recently reached new 52-week highs.

Cramer recommends picking up Verizon , which boasts a 6 percent dividend yield and also likes Altria Group and Vodafone on a pullback.

When this post was published, Cramer's charitable trust owned Apple and NovaGold.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

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

  Price   Change %Change
ABX
---
AEM
---
FCX
---
MO
---
NEM
---
NG
---
VOD
---
VZ
---
AAPL
---

Contact Mad Money

  • Showtimes

    Monday - Friday 6p ET
  • 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.