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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Wednesday August 11.

A Golden Opportunity: Kinross (NYSE:KGC), SPDR GoldShares ETF (NYSEARCA:GLD), Agnico Eagle Mines (NYSE:AEM)

Cramer predicts Thursday's action will be ugly, and he would buy gold, which will be a "dream come true." The price of gold is ready to rise on the selloff, seasonal strength for the yellow metal (i.e. every September, gold prices rise by an average of 8%), meager supply and strong demand from the middle class in emerging market countries.

The world is running out of gold. Kinross spent $7 billion for RedBack, a mining company in West Africa, a very politically unstable region. Kinross' apparent desperation to make such an expensive and risky acquisition might be an indication that supplies are dwindling. Cramer predicts gold could rise from $1,190 to $1,300, and would play the trend with gold coins, bullion, SPDR GoldShares ETF (GLD) or Agnico Eagle Mines (AEM).

8 Stocks to Buy Thursday Morning: Sysco (NYSE:SYY), Apple (NASDAQ:AAPL), 3M (NYSE:MMM), Kinder Morgan Partners (NYSE:KMP), Disney (NYSE:DIS), Cree (NASDAQ:CREE), Con Edison (NYSE:ED), Federal Realty Trust (NYSE:FRT)

Wednesday's huge 265 point Dow drop seemed like carnage, but Cramer would use the extreme declines as buying opportunities in certain stocks. He predicts the following stocks can be bought low on Thursday morning and should recover by mid-day; Sysco (SYY), Apple (AAPL), 3M (MMM), Kinder Morgan Partners (KMP), Disney (DIS), Cree (CREE), Con Edison (ED), Federal Realty Trust (FRT).

CEO Interview: Don Wood, Federal Realty Trust (FRT)

Rumors of the commercial real estate collapse were greatly exaggerated. The REIT, Federal Realty Trust (FRT) is up 46% since 2009, compared to a 20% increase in the S&P 500 for the same period. The company reported a better-than-expected quarter, raised guidance and increased its dividend. The company owns 18.2 million square feet of commercial real estate and is a great tell on the health of retail.

Federal Realty Trust is a loyal dividend payer, and of the 11,000 companies that pay yields, FRT has paid dividends longer than 10,978 of them. Don Wood says his clients represent a variety of retailers, so risk is diversified. He added that while Federal stimulus money has helped, some is stuck in red tape and has yet to be accessed. Cramer is bullish on FRT.

CEO Interview: Keith Burke, Con Edison (ED)

With a terrible down day like Wednesday, investors need to remember to have strong dividend stocks in their portfolio. Con Edision (ED) offers a 5% yield and is up 24% since 2009. The stock is just shy of its 52-week high and analysts are not so bullish: only one has a "buy" rating, 14 have "holds" and one recommends selling. However, Cramer thinks this pessimism is "crazy," because Con Edison's fundamentals are strong.

Burke said Con Edison is seeing increased demand for utilities, thanks to a hot July, and many orders for upgrades. The company is developing monitors to help customers monitor their electricity usage and to charge their electric cars at night when it is cheaper. The company has a transmission and distribution model, no longer generates its own electricity, and therefore, won't be hurt by cap and trade legislation. Cramer is a buyer of ConEd.

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Source: Cramer's Mad Money - The Sell-Off Is a Golden Opportunity (8/11/10)