Cramer's Stop Trading! Get Gold While It's Cheap (7/6/09)

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Monday July 6.

Rangold Resources (GOLD), Agnico Eagle Mines (AEG), Goldman Sachs (GS), Schlumberger (SLB), Transocean (RIG)

Cramer would buy Rangold Resources, which has dropped 6% and Agnico Eagle Mines, down 5%, and says the story still works with either of these gold stocks; "We have to buy these when no one wants them."

At $50, Cramer says Schlumberger is a good buy and the stock is having a good year in spite of a decline in crude oil. He would also buy Transocean under $60.

On Goldman Sachs' trading scandal, Cramer says the investment bank isn't sweating it, the guy causing the problems was caught early and there is no big conspiracy behind Goldman.

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Comments

[knight:]

If cramer says buy its time to sell!!

Jul 07 09:48 AM

[Voice of co...:]

Is it possible that there are any lemmings left who actually listen to what this idiot says?

I can't believe the idiot has been institutionalized or incarcerated.

Jul 08 12:11 AM