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Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Monday June 7.

Bullish Calls:

El Dorado (NYSE:EGO), GoldShares SPDR (NYSEARCA:GLD): "Let’s give the pecking orders as I did to someone in line this weekend… you want to go first to bullion, which is what you store at a bank… second, would be gold coins, which still needs to be in a safety deposit box... I do not want you digging up a hole in the back of your house…then you go to SPDR Gold ETF, which is the paper, that is the ETF… and then you go to the mining stocks only… because you do not want the risk that some government wakes up some day and says, hey we want a piece… of which my favorite would be EGO."

Exelon (NYSE:EXC): "This stock has come down so fast that I would tell you right here, right now… that I would buy this stock… at 5.5% yield… one of the fastest growing utilities… it is my favorite name in this whole Lightning Round… even better than EGO, even better than Eldorado… actually I think those two are the only two that I liked... buy, buy, buy!"

Bearish Calls:

Bank Of Ireland (NYSE:IRE), Allied Irish Banks (AIB), National Bank of Greece SA (NYSE:NBG): "Uh, I am going to put Allied Irish Banks plc, National Bank of Greece SA, and Bank of Ireland all in the same business… why am I putting them in? I am putting them in the bad bank business…these guys all need to reconstitute their balance sheets if you ask me… which means potential dilution for shareholders... which means… sell, sell, sell."

First Solar (NASDAQ:FSLR): "Sell, sell, sell, sell… you cannot make solar profitable here… it needs to be subsidized by governments… and it is one of the quickest things that governments can just shut off."

Deere (NYSE:DE): "Deere optimizes this market… reports a monster quarter… much better than expected… everything is going right… I think after the natural gas explosions that we have seen, and after the problem in the Gulf, and after the coal mining… we are going to revert to Ethanol in a big way… which is great for Deere… but in the interim it is a big cyclical stock and it is going lower… I would not pull the trigger on Deere until it is under $50...I do not want to buy anything unless I am confident."

MannKind (NASDAQ:MNKD): "I'd just say sell it because this stock is a serial underperformer."

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Source: Cramer's Lightning Round - Pecking Order for Gold (6/7/10)