GO
Loading...

Is Gold Ready to Bottom?

Gold has become a real battleground lately, but is there now cause for some optimism?

“Mad Money” host Jim Cramer thinks everyone should own gold. The GLD, along with iShares Gold Trust, is his preferred way to play the precious metal, in part as insurance against “economic chaos” and in part because of supply and demand.

“Supply can’t keep up with demand,” he said, “which is a big reason gold has now gone up for 11 straight years, and I think the streak’s going to continue in 2012.”

But what do the charts say—is the GLD ready to bottom? To find out, Cramer went “Off the Charts” with the assistance of highly regarded Wall Street technician Caroline Boroden. Watch the video to see Boroden’s interpretation of the GLD chart.

Call Cramer: 1-800-743-CNBC

When this story was published, Cramer’s charitable trust owned iShares Gold Trust.

Questions for Cramer? madmoney@cnbc.com

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

Symbol
Price
 
Change
%Change
GLD
---
IAU
---

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.