Cramer continues to believe that gold prices will rise and that the increase in price is not an ETF-driven bubble, he said during Monday’s “Stop Trading.”
The “Mad Money” host cited the “incredible” demand from China, where the climbing price hasn’t hindered buying at all. He also noted that the worldwide supply is constrained, with few new viable mines coming online. And any ETF buying is happening in the US or Europe and not in emerging markets like China and India. The Chinese and Indians aren’t buying the SPDR Gold Shares ETF , they’re buying the gold itself.
“I think this is a real move,” Cramer said. “I think it goes much, much higher.”
Cramer recommended Agnico-Eagle Mines as a play on gold, as it’s the cheapest of the big mining companies.
Investors should take advantage of this dip in Celgene’s share price, Cramer said. The company took a hit when research showed Celgene’s Revlimid drug, which fights a type of blood cancer, caused more occurrences of observed secondary malignancies in patients who received a maintenance dose of the treatment compared to those who received a placebo. But Cramer thinks that Revlimid offers such strong “life-affirming and life-lengthening characteristics” that most patients won’t pass on the drug even if there is a chance that a small percentage of users runs the risk of developing new cancer.
“So I really think this is the opportunity” to buy the stock on a discount, Cramer said.
There’s talk that Riverbed Technology or Hewlett-Packard wants to buy Radware, which sent shares of the latter spiking about 21 percent Monday on the speculation. The stock trades at $39 and change, and Cramer said he thought a takeover price in the mid-$40s was likely if the deal happens.
Finally, Consumer Reports has rated AT&T the worst wireless carrier. The company responded with a statement saying, “We take this seriously and we continually look for new ways to improve the customer experience. Our dropped call rate is within 1/10 of a percent—the equivalent of just one call in a thousand—of the industry leader.”
But the way Cramer sees it, AT&T shouldn’t be talking about the small percentages that it’s behind Verizon . It should be talking about leapfrogging Verizon entirely.
“That’s what you want to hear,” he said.
Cramer finished by stating that Apple , which sells products through both AT&T and Verizon, was a cheap stock that investors should consider buying.
--The Associated Press contributed to this report.
When this story published, Cramer’s charitable trust owned Apple.
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