Aggressive Chinese gold buying is "a big secular trend that's not going to end in 2010," Jim...


Aggressive Chinese gold buying is "a big secular trend that's not going to end in 2010," Jim Cramer says, adding that with gold in short supply it could rise to $2,000/ounce. His favorite stocks to play the metal are NovaGold (NG) and Agnico-Eagle (AEM). Chinese demand also is lifting copper prices, he says, which would benefit Freeport-McMoRan (FCP).
Comments (2)
  • Wall St. Cheat Sheet
    , contributor
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    LOL. Welcome to the party, Jim.
    3 Dec 2010, 04:54 PM Reply Like
  • positivethoughts
    , contributor
    Comments (2065) | Send Message
     
    The higher gold goes, the more my lady friend thinks of me. I bought her jewellery last year for Christmas and she has asked me numerous times how much I think the gift is now worth. As gold goes up, I keep raising my estimate of the piece's value. It brings a smile to her face and keeps me in her good books.
    3 Dec 2010, 05:09 PM Reply Like
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