Cramer Says Yamana is the Best Gold Stock

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On tonight’s MAD MONEY on CNBC, Jim Cramer also discussed a stock that should be a gold medal winner.  He said betting against the market isn’t smart.  He still is touting Yamana Gold (AUY).  He thinks the reasons the stock will go up may be wrong.

This isn’t Cramer’s fist pony ride on Yamana (AUY) because he has been touting this name many times.  he was positive just last night, two weeks ago, two months ago, 3 months ago.  The stock is still at a 52-week high even though the commodity isn’t.

He said you already own it don’t be a pig, but you can still buy it of you do not own it.  Barrick (ABX) and Newmont (NEM) are the old men in the sector, and Yamana’s operation in Brazil is stabile.

Jon C. Ogg
December 1, 2006