Cramer's Stop Trading! Golden Opportunity (8/6/09)

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 |  Includes: AEM, AIG, GFI, GLD, GPS, JCP, URBN
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV segment, Thursday August 6.

Gold Fields (NYSE:GFI), Agnico Eagle Mines (NYSE:AEM), Gold SPDR (NYSEARCA:GLD), Gap (NYSE:GPS), Urban Outfitters (NASDAQ:URBN), AIG (NYSE:AIG), JC Penney (NYSE:JCP)

Gold Fields CEO Nick Holland says that gold has a solid foundation at $900 and could go higher. With increasing investment demand and companies hedging themselves strategically, Cramer thinks gold is once again a hot commodity. He likes Gold Fields, Agnico Eagle and Gold SPDR.

Cramer is lukewarm on legendary economist Abby Joseph Cohen's prediction that the Dow will reach 1050-1100 by the end of the year and he comments Joseph Cohen doesn't have the same clout she once did.

Barclays likes Gap, which Cramer thinks is headed to $19-$20, but he added that the best of the trade might be over. He recommends Urban Outfitters and JC Penney instead, and thinks the latter will have a great back-to-school season.

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