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« WATCH LIVE - Boston Marathon Bombing | Main | Fed Prez: "QE Is Like Ritalin, You Just Can't Overprescribe" »
Tuesday
Apr162013

CRAMER: 'Don't Sell Your Gold, I'd Buy On The Dip'

"You need to have something to offset the printing presses of the central banks."

Jim Cramer shares his final thoughts of the day.

If you're an investor with a longer time horizon, "My advice is to have a position in gold.  I am not changing that.  If you hold no gold, on this dip I'd buy some."

---

At last check, gold is trading at $1377, up $28 this morning.

GOLD LIVE QUOTE...

LIVE CHART...

 

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Reader Comments (6)

The Scary Number for Gold Investors: $1,200

http://www.cnbc.com/id/100641133
Apr 16, 2013 at 6:31 AM | Registered CommenterDailyBail
"I think the last $20 has been margin selling. The market is falling like a knife. People are saying, 'Get me out now,' " Phoenix Futures President Kevin Grady said. "You're also seeing people selling energy profits to pay for metals losses. You're seeing a tremendous amount of gold liquidation today."

http://www.cnbc.com/id/100642539
Apr 16, 2013 at 6:32 AM | Registered CommenterDailyBail
Cramer is the black hole at the center of the Anus galaxy. Nevertheless, as they say, "Even a broken clock is correct twice a day". Excellent advice to follow.

Think... With all this historical massive selling, WHO'S BUYING!!!!
Apr 16, 2013 at 2:55 PM | Unregistered CommenterJames Woroble Jr
Jesse is always worth listening to, especially on action in the gold market, which is what he wrote about today. But his comments are really about the gold haters that have come out of their coma--after, gosh, has it been 5 years now?--to perform public happy dances in the nude. It is too embarrassing, really. What on earth motivates these people? Jesse crucifies them, in his avuncular way of course...

"Do they realize yet that the world's central bankers are now net buyers of gold? Are the Chinese and Russians closet Republicans?"

"Do they have any idea of what is happening outside of the clubby enclaves of the Washington-New York metroplex, the Hamptons, and the City of London?"

"Do they understand what is happening in the global currency markets and the way in which they are evolving? I see little evidence of that. They are stuck on some fairly narrow self-interests and issues."

And here we come to his money shot:

"Do they look for anything beyond their comfortably entrenched place in the status quo or does this bring too much fear and even desperation? Its a common problem for many, but few see it in themselves. But they are quick to point to it in others."

"I think that quite a few economists and pundits might be in for yet another rude surprise (again) in the not all that distant future, because it looks like a sea-change is coming, slowly but surely."

http://jessescrossroadscafe.blogspot.com/2013/04/gold-daily-and-silver-weekly-charts_16.html

Sure enough. The anti-metal prancers would do well to look at a 5-year chart of gold and silver. There they'll find a 30% decline in gold and a 60% swoon in silver in the six months ending in AUGUST 2008. We all know what happened next.
Apr 16, 2013 at 9:03 PM | Registered CommenterCheyenne
others were already saying this about gold four years ago and cramer laughed at them, disparagingly said gold was a lousy investment, tried to make them look like conspiracy nuts, and buried the story as much as possible. now that the public knows better about gold than cramer's act apparently does, he has no choice but to change his tune to seem relevant. once in a while the liar media has to tell us the truth that's already out in the public or they risk the sheeple figuring out they are liars. if media continue to ignore stories the public knows about, then they can lose the public's trust. to me, that would be a great thing.
Apr 18, 2013 at 2:57 AM | Unregistered Commenterthc

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