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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Wednesday December 15.

Bullish Calls:

NovaGold Resources (NYSEMKT:NG): "Everyone's complaining to me about Novagold...so it's going down... I say you buy the weakness. I want to buy some more. Stop fearing gold and gold stocks.. be sure you own some. 2011 is going to be a really good year for gold."

Alcoa (NYSE:AA): "Is such a buy, it is incredible...I think it is the cheapest stock in the Dow ...if it doesn't move to $20, Rio Tinto is going to buy them at 20."

Motricity (MOTR): "This stock has now round-tripped but the business is smoking better than ever. I don't even think the secondary is going to come down here, I would buy it tomorrow. I was holding off because I was afraid of the secondary, and now that it is down so low, I don't fear the secondary anymore so I think you should buy Motricity."

Ferrellgas Partners (NYSE:FGP), Inergy (NRGY): "This is absolutely the kind of stock that I love... it is a propane company... it has a steady cash flow. I like Inergy too.. I think you have a winner ... I like that 7% yield (of FGP) I like them both."

Bearish Calls

Take Two Interactive (NASDAQ:TTWO): "Is a bad stock and I'm a seller... the video game business is really bad ...you've got a nice little spike. I want you to sell it tomorrow."

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Source: Cramer's Lightning Round - Stop Fearing Gold (12/15/10)