Dear Jim,
The Street.com just released a video showing Cramer extremely bullish on Gold. He sees it at $1600. He doesn't say when this price will be reached, but knowing Cramer and how he trades, I bet he thinks that won't take too long.
In this video, Cramer interviews the Yamana's CEO.
He mentions at least two great catalysts for gold:
- The weakness of the dollar
- Uncertainty in this year's election time
He added that there is not enough gold and that the IMF gold will be absorbed immediately as we don't have enough of this PM.
We may like Cramer or not, but I think this event is important to mention for two reasons:
- He seems to agree with you and gave exactly the same target price as you. Looks like he is a CIGA member!
- I believe he has a pretty big influence among small investors.
You may find the video on the following link: Click here to view the video
Kind regards,
CIGA Christopher
