Cramer's Stop Trading! Gold and Apple Can Rise Together (11/4/10)

Includes: AAPL, AEM, EGO, GLD, NG
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Thursday November 4.

Agnico Eagle Mines (NYSE:AEM), Eldorado (NYSE:EGO), NovaGold Resources (NYSEMKT:NG), SPDR Gold Trust (NYSEARCA:GLD), Apple (NASDAQ:AAPL)

Cramer praised legendary money manager Julian Robertson, especially on his gold call: "He is so unbelievably good. He's the top of his game, and says everything right. The miners are definitely right, the finding costs are so low they can spew cash forever."

Robertson has pointed out that, yes, Apple (AAPL) and gold can go up. Cramer urged investors not to be put off by the high price tag, but to look at how much gold people are holding. Only when gold reaches 4-5% of portfolios in general will it reach a top. Currently it is below 1%. "Gold has a great ten year record." Cramer recommends Agnico Eagle Mines (AEM), Eldorado (EGO), NovaGold Resources (NG), and SPDR Gold Trust (GLD).


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