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To: mishedlo who wrote (219110)	2/5/2003 7:02:16 PM
From: lisalisalisa	Read Replies (2) \| Respond to of 436258

LOL...what a clown he is...look at today’s article..(lifted from Kitco) a 180 degree about face in one day. God I hate cramer, I should just ignore him, he will be bearish on gold again next week, if he isn't already.......... The Only Bull Market Going Now: Gold By James J. Cramer 02/05/2003 03:00 PM EST Click here for more stories by James J. Cramer I just surveyed a bunch of people about the prospects for gold stocks. These were traditional managers, those who could tell me the ins and outs of a Cisco conference call without hesitation, the types who hang on every word out of KLA-Tencor and Applied Materials. I asked them if this isn't the chance to get started building gold positions, in stocks like Newmont ( NEM:NYSE - news - commentary - research - analysis ) or Glamis ( GLG:NYSE - news - commentary - research - analysis ) , which are down and can be bought rather easily. To a person, these folk laughed at the suggestion, pointing out that once war begins, these stocks and the metal itself will be crushed. As someone who ends every one of his radio shows with "there's always a bull market somewhere," I am struck by the obvious inconsistencies with the dismissal of gold and gold stocks as a pure Iraq play. In fact, these stocks are just about the only bull market that is out there, and you have to jump when you get your chance. I own no gold stocks for my Action Alerts PLUS portfolio. Part of the problem for me is that I bought Barrick Gold ( ABX:NYSE - news - commentary - research - analysis ) last year, and felt the company really spun me and "Kudlow & Cramer" viewers with lots of claims that turned out to be not as accurate as I would have liked. That stock, even after the phenomenal spike in the metal, is right where I left it. But as they come in, I know this time I am going to have to take a chance. The price of the metal has gone up so much that the numbers for most of the unhedged players are just too low. These stocks have rarely made sense on an earnings basis. However, this time, they just might if you believe that gold will go higher. And I have to believe that it will. There isn't enough of it around, there isn't the rampant dumping we have seen over and over again by central banks and we have such a large budget deficit that I have to believe foreigners will keep selling dollars and buying gold long after the Iraq situation resolves itself. IS THIS GOOD OR BAD?