He says it is a huge positive! And we should love the gold rally.
His recomendation is the Market Vector Junior Gold Mining ETF (GDXJ 25.44). In other words, a play on the mining juniors.
It's a good play. So I'll pump Cramer's tout!
- Increasing gold prices means a falling dollar, which means cheaper exports.
- High gold prices tell us there is no deflation--because the Great Depression II is off the table.
- The move in gold is a sign of reflation, and reflation boots earnings.