VirtualOptics

Jim Cramer's Mad Money Lightning Round, 3/25/08: Fly Like Agnico Eagle

A comparison of AEM price with the PHLX Gold and Silver Commodity index shows that AEM is fluctuating almost in lock-step with the price of god and silver. This might be partially due to AEM's location of Toronto, CA and their improving exchange rate rel to the American dollar and because they have so much gold remaining in the ground in proven assets that will be extracted in the next 15 years. In any case, the potential for gold to increase in demand given the world's propensity for using war to solve issues and the shift of wealth from the US to Dubai partnerships, convinces me that that AEM is a good long term place for my measly bucks.