Monday, December 6, 2010

Cramer touting Gold on CNBC

Suggests people allocate up to 20% of their portfolio into Gold and suggests that people own Gold Mining stocks like Agnico Eagle (AEM) and Eldorado Gold (EGO).  Novagold (NG) is his speculative play as they are an explorer.
I have a position in Eldorado Gold. They are one of the Mid tier producers that have one of the lowest costs at ~$340 an ounce.  They should have a good 4th quarter earnings report with Gold at $1400+ an ounce.

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