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.
THE LLOYD's Prayer
Who Art At Goldman,
Blankfein Be Thy Name.
The Rally's Come. God's Work Be Done
On Earth As There's No Fear Of Correction.
Give Us This Day Our Daily Gains,
And Bankrupt Our Competitors
As You Taught Lehman and Bear Their Lessons.
And Bring Us Not Under Indictment.
For Thine Is The Treasury,
The House And The Senate
Forever and Ever.
Do you have a twitter acct ?
Awesome resource sire !
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