GOLD 0.51% $1,391.7 gold futures

His interview with Jon Stewart had the effect of sodium...

  1. 1,127 Posts.

    His interview with Jon Stewart had the effect of sodium pentathol(truth serum) on Jim Cremer.Jon asked him why he recommended stocks like Bear Stearns & others which collapsed & destroyed the savings of ordinary Americans. In the Youtube clip he actually mentioned Agnico Eagle, probably the best performer in US/Can precious metals. Most of the time in past years ,Cremer acted as carnival spruiker for Wall Street & General Electric controlled CNBC.
    But there is one golden gleam in his past record. About 3 years ago he actually recommended Yamana Gold,then in the process of acquiring Desert Sun Mining. Like Newcrest when it was a $4 orphan , the shares of Yamana shot up quickly & never went back as it transited from unknown junior explorer to intermediate producer. It was interesting that Cremer has now picked up on Agnico Eagle.
 
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