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the day when we rallied in the motion and then gave it up right before the close. the dow inching up eight points and the s&p declining .1% and the nasdaq plunging .7% higher. i like to look at this, and like all healthy bull markets -- ignores bad news and focuses on good news. any bull move, any, can be sung to the tune of johnny mercer, acentuate the positive. this is glass half full market. let me show you how it really works okay? because so many people have forgotten what they're like. i'm not talking about the faux bull market leading up to the crash of 2008. that market was led by china, not us with the minerals, coals and fertilizers and heavy capital equipment stocks leading the way. no, that had no breadth. real bull markets are almost

always rotational, rotational in nature and they have enduring qualities like perpetual silver linings as well as innumerable buying opportunities that must be taken. >> buy, buy, buy! >> before they disappear. the best look at the average to ponder over the new dow jones average with terrific and frankly disappointing names when it comes to earnings. let's just deal with the right of what's going on here. the current situation is terrific with the bull run of the late '80s. people grew skittish of any rally and they were convinced that another crash lurked right around the corner, so any two-bit rally was shorted. >> sell, sell, sell, sell, sell! >> and you had a preponderance of smart people who hated the market. they despised each advance as being illegitimate, and questioned the staying power of a market that kept going higher. it was almost as if there was heresy to grant the moment a momentary respite from criticism. for me, it was a trying time. my hedge fund made a name of being 100% in cash from the

crash of 1987, and we made a judgement that we were going to get killed if we owned a lot of stock. the week before the crash is one of the worst on record and i was introducing buying and by a crash admonition which was quite contrary to what the super-smart people were thinking. a little less than a year to the crash, the stock market started to advance. summer was ending. the stocks had stabilized and they were rallying on nothing, nothing in particular at all. in fact, i was suspicious, deeply suspicious of the move. if it were based on nothing but the belief that things could get better then it was a rally i wanted to short, i wanted to bet against, but karen cramer said that i had no business shorting it because the market wanted to lift. there was a lot of supply and there simply weren't that many sellers at that level and that kind of thinking was anathema to

me back then. what the heck did supply and demand have to do with the market going higher? there was big volume, high volume, it doesn't matter, but this was where i learned one of the major lessons that led to some serious and dramatic outperformance from a hedge fund. advances aren't phony if they're broad based and take up stocks of companies that aren't even doing that well. that's the definition of a bull market. that's what happened back then, and i'm glad i swallowed my pride because the forgiveness and the era of good feelings lasted for ages. at the time people fought it tooth and nail. you know what they were? they were wrong. guess what. same thing goes for the people fighting this rally, and they fight it every day. they fight it for 5,000, 6,000, 7,000, i don't know, 10,000 points. who knows? there's a tremendous dearth of supply. the endless buybacks have taken up so much talk and i don't talk about it as much. they take a swing like i did in the fall of 1987 when people hated stocks so much. with that in mind let's consider the state of the dow jones average that blew it out. who blew it and who blew it out? okay. in other words, let's look at

the disappointers and how they've done, because this shows you what i'm talking about, a silver lining bull market. perhaps the most disappointing stock in the dow. one that's got a lot of people down is caterpillar. here's one that's done absolutely nothing this quarter after missing the numbers and guiding down big time. whoa, doesn't it say something that the cat's done nothing instead of being crushed? caterpillar caught an upgrade from the bank of america and merrill based on a specious call about power systems. the cat's well behind the market and therefore makes for a terrific catch-up story and it will catch up despite the endless executioners and high inventories across the globe. next up, mcdonald's. a missed quarter, no real growth and lots of social. there was a lot of buying from '94 to '99 since the existential crisis corner. give it a chance, they'll get it

right. then there's merck. the company totally blew it with no real growth outlook and rallied 45 to 49. it seems it wants to go higher. microsoft posted a significant markdown, and ceo steve balmer is retiring. that move wouldn't be happening at all. it's another case of a gigantic buyback just like merck and mcdonald's. how about walmart? remember, it turns out to be a fantastic buying opportunity and you're up a couple of bucks if you bought it with last week's weakness. i don't even care. what matters is that the stock is higher after a panned quarter. no one like the visa quarter, either, except the buyers who got into the incredibly well-run secular winner of the company that is still rung with the revolution. the six-point decline was a terrific entry point as visa now is only two points below where it reported, and i sense they'll take that price out, too. chevron missed and quickly dropped three points in what looked to be some less healthy

production growth and not as exxon and not so hot refining margins and the stock is nicely above where they were, we have to be thank of the for the pullback. remember the woe is me goldman sachs quarter? the stock's now up 12 points from the 158 level that used the discipline and what an opportunity that was. it was viciously disliked by the analyst community and that stock had dropped two points, and the night it reported, boom, just like that, and by the close it was up the next day. the next day it was up and continued on that trajectory ever since and even coca-cola has managed to rally on the support. in fact, only ibm and cisco haven't bounced back, and i think because both are experiencing serious challenges. those are two proud companies that both insist everything is terrific and they're the only two dow stocks that haven't been able to mount significant rallies. here is the bottom line, in bull markets there are silver linings galore, there are come back kids and there are glasses of half full and rose-colored variety. they have the persistent negativity and the insistence that everything good can be placed at the feet of the fed.

i think it could be faced at the feet of the buyers, including the companies themselves. which have been the biggest buyers all along. mohan in new york. mohan. >> boo-yah, jimmy! >> thank you. >> you've made me a ton of money on chipotle. >> go to twitter where there is a debate about how much money i've lost everybody. what's up? >> my question today is about therapeutics symbol orex. i have a small position in my retirement account and i've been painfully watching it go down the last couple of weeks. nice to see it spike up today on positive news of its obesity drug. should i use this opportunity to sell or -- >> i don't like the weight loss stocks in general. there's too much cult. i have to tell you, as long as you accept the risk that you're in the tesla/solar city/amazon situation, but it is not the kind of risk i'm willing to accept. can i go to steve, please, in

tennessee, steve? >> my stock has been a good performer in the last couple of years, but with recent downgrades should i buy, sell or hold clorox? >> clorox, i don't think there's any reason to do anything. i saw the goldman. the stock moved up from 82 to 94. i know that it's a bond market equivalent story. could it go to 87 or 88? i'm willing to accept that risk and you should, too. there are always silver linings in a bull market. i'd like to help you find them by accentuating the positive, because i'm trying to make you money. that's what it's about, people. "mad money" will be right back. coming up, hain gains? organic foods are taking over the grocery, and as more consumers demand these dishes cramer's looking at the companies coming out on top. is it time to gobble up the stock ahead of the thanksgiving holiday? cramer carves into the story ahead. and later, cosmic cash? the solar sector went from cloudy to shooting star this year.

and stand-out stock first solar has been leading the charge. it's nearly doubled this year, but is its future still brighter? don't miss out when cramer talks exclusively to the ceo. plus, goldfinger? precious metal miner rand gold resources recently dug up a quarter that beat the street. was this just a flash in the pan, or is the company strong enough to keep shining amid the falling price of bullion, all coming up on "mad money." don't miss a second of "mad money," follow @jimcramer on twitter. have a question? tweet cramer, #madtweets. send jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. ♪

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thanksgiving is right around the corner and it's time to talk about the true meaning of this particular holiday. you might think it's about sharing or family or getting to sleep early so you can shop until you drop on black friday,

but in the end it's really all about food. that's why today i want to check in with my absolute favorite organic and natural food company, hain celestial, greek god's yogurt and many more. lately we've seen the organic and natural grocery stores put up hideous numbers, frankly. the reason that places like whole foods and sprouts aren't doing that well, although sprouts is hanging in, because they're facing increased competition from everybody. the entire world seems to want to get in on the natural and organic action. if you have supermarkets wanting to stock the stuff, that's good for hains celestial because you can't have a decent selection of natural food selection without hain. it's been a terrific long-term performer. the stock is up 47% year to date and that continued today and let's call a spade a spade. the stock is trading below where it was before we reported that great number two and a half weeks ago. i think you may be given a real

bargain here, perhaps in celebration of the company's 20-year anniversary. don't take it from me. let's check in with the bankable irwin simon, the ceo of hain celestial. welcome back to "mad money." >> hi, jim. >> happy thanksgiving. >> boy, this looks good. >> i'm reading my friend's piece in "the new york times." he's talking about, a lot of people care about the way a turkey is raised. i'm just eating a turkey. i grew up on the butterball, the big frozen thing. >> boy, how things have changed. we will sell over 1.5 million turkeys this year at thanksgiving. >> hain. >> plainville turkeys. we own 49% of it. all vegetarian fed, humanely raised ask antibiotic free organic turkey. the demand has been incredible and the chicken under free bird and consumers today, and you've heard of a shortage of particulars.

>> right. >> consumers, jim, are so on top of what they eat today and if they're going eat protein, they're going eat healthy protein. >> okay. look, i am, too. i'm part of that, okay, but just tell people, like, what is the linkage? why are they worried? what does it mean? the thing's dead either way. it is kind of a fact. >> number one is, they used to slaughter turkeys and today they process. it's raised humanely today. it's not raised in a cage. >> okay. >> no antibiotics, no hormones. the animal -- the bird is only fed vegetarian. so you're eating today, and you will see the difference in taste and quality of this here product. it's amazing how many consumers today are educated. you walk into chipotle, what is it you're looking at? the way the bird has been raised. animal welfare. >> absolutely. >> and the way it's treated and the same with the environment. not only are consumers concerned about eating healthy, it's the environment and the protein in the bird today. >> that's one of the reasons i've liked hain for a long time and it's important that you buy as much as you can and dominate as much as you can as opposed to campbell's that can't seem to find its way at all.

i'm just going read this. hain's free cash flow fell by half from june, to 48 million. this was after hain told "barron's" to watch the free cash flow. so "barron's" is saying listen, gotcha here. >> i started this company 20 years ago and we had $2 billion in sales and $4 billion market cap. i built this company on big acquisitions. earth's best is the largest brand. when i bought it was a $14 million and today it's 200 million. listen, there's so much growth out there. we spent 300 million, 400 million in acquisitions. unfortunately, "barron's" come back and said our free cash flow has a hole in it. we earned close to $200 million last year. maybe i should be a tech company and not earn and money and get some of the valuation out there. we came back and grew high single digits. there's not many companies out

there in the food industry growing like that. in the last neilsen numbers we were up over 11% consumption and he also mentions that hey, how do you know the difference between organic growth and acquisition growth? we report organic growth and segment growth. look at our financials. >> i understand this. >> i'm amazed that they can write this stuff and get away with it. >> it's the first amendment. i like to second the others you can have, but here's the issue that i see. okay? i don't understand this kind of article versus what all my supermarket friends and my consumer package good friends tell me, which is the only stuff that's really selling is yours, and the other stuff you may think it's valued. you may think campbell's represents value here. it's a value trap. >> but jim, what's going on today? i've been on the show and cans are going away. >> yes, going away. >> going away. consumer does not want soup in a can. >> we want fresh soup, who has it? >> in the uk -- >> here! >> it's coming here. it's coming here. soda, going away.

i have four kids. going away. what are we drinking today? juice, paying $10 for this and we can't make enough of this. antibiotic-free and organic. listen, whole foods last quarter, so the numbers are still growing high single digits. that is a great quarter in retrospect. they have 367 stores and they will go to 1,000 stores. it's hain's biggest customer. walmart is the second biggest customer and i know we're looking at challenges at walmart, but most recently, in washington state they voted whether they wanted true labelling in regard to gmo-free. >> right. >> 49% of voters out there voted for it. >> but our country is a gmo-based country. we decided that and it's really hard to get off that. >> but, jim, half the population still wants it. that's a big, big market for hain. we're in the early innings. we're in the third inning of where we're selling food. >> we should judge you by earnings per share?

cash flow and now you're saying earnings per share? >> first of all, you should look at us. we're a growth company, organic growth, organic growth, organic growth, okay? >> that's what i want out of a company. >> we're also making a lot of money while we're doing it and we're paying down debt, and come back and look in 20 years what hain has done, look at the portfolio brands. >> if you don't buy these clorox will buy them. if clorox doesn't buy them general mills will buy them. you have to buy them. >> it's not just buy them, buy them and grow them. listen, we bought this last december and it was $20 million and it will do $50 million. you come back and talk about non-dairy and you had one of my competitors talk about non-dairy and organic growth. i just came back from europe. our business in europe is growing nicely. here, vegetarian. hey, you know there's 30 million students out there and a big percentage of them are going vegetarian or vegan products. are you talking to me

off-camera, but you & come back and look at consumer, looking for less protein today and here is a big growth area for us. here's the non-dairy, gluten-free. >> it's a hain thanksgiving right here. >> here is gluten-free. so all of these products are hain products today, and like i said, the consumers will buy 50 million turkeys during thanksgiving. what is it? 78% of the population will eat turkey during thanksgiving, or a vegetarian turkey. >> you've got every base covered. i have a hard time with the critic because the stock has made a lot of money. irwin simon, hain celestial, after the break, we'll try to make you more money. coming up, cosmic cash? the solar sector went from cloudy to shooting star this year. can stand-out stock first solar has been leading the charge. it's nearly doubled this year but is its future still brighter? don't miss out when cramer talks exclusively to the ceo. avo: the volkswagen "sign then drive"

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i always wanted to design a bike that honored those who serve our country. and geico gave me that opportunity. now naturally, we wanted it to be powerful, innovative and we built this bike as a tribute to those who are serving, those who have served and their families. and i think we nailed it. geico. proudly serving the military for over 75 years. is solar power making a comeback? sure looks like it, but maybe it never left. maybe it's just now economic. consider first solar. fslr, the best of breed player in the space, it's the lowest

cost manufacturer of solar modules, like site development, engineering, planning, construction and operating and management and one-stop shop and just three months and first solar's managed 54% and the company reported the end of october and they knocked it out of the ballpark. although some say it was a lot of one-time stuff. this is starting to feel to me like the good old days. back before the great recession, when it seemed like first solar could not be stopped, and before europe went into a tailspin, this was $150 stock. they get 90% of the revenue from north america. it's become a fabulous growth story, and wall street is agreeing with me. j.p. morgan came out with a predicting $7 per share in the next three to five years. i think the stock has more room to run. so let's take a closer look with the ceo of first solar. welcome to "mad money." >> thanks, jim. >> this is breakout time for you guys and i was just shocked that

you -- this is the largest quarterly decline in cost per watt in the company's history? >> that's correct. >> how did that happen? >> a combination of our r&d team and executing according to the technology road map that i set out last year. it's just a fantastic performance. >> why do people still doubt you? i was shocked when you had the analyst meeting. that was a great analyst meeting, and people were saying maybe they are for real, but all you did was executed on your plan. >> there was so much negativity for so long and i think it takes a long time to earn back the credibility after you've been in that kind of a tailspin, as we found ourselves in nearly two years ago. we'll just continue executing and we'll earn trust over time. >> let's get to the numbers and be empirical. cost per watt fell to 59 cents. where was it? >> it was in the mid-60s prior to that and before that it had been up in the 70s and in the 80s. >> when is it head to head and say listen, this solar is a bargain? >> any -- if you look across the

globe there are numerous circumstances where they're competitive. it's competitive today. as we continue to execute on our cost road map it will get competitive in more and more circumstances over time. >> now, solid improvement in manufacturing costs, but it seems to me that people once again don't think you can take it dramatically below this level, but you think it can. >> we have a technology road map that we've laid out and a cost road map that we've laid out. we've executed it today so far and we think we'll continue to execute against it, and it will take us down in the neighborhood of 40 cents within the next several years. >> what happens at 40 cents? what happens to the utility companies? what do they do? how much do they allocate toward you, not just the californians. >> we're already starting to see big utilities allocate some to solar. we'll simply see more and more as costs come down. >> let's look at the bigger picture. it's still .5. when is it going to be 5% of the world's generation? >> i think within the next five to ten years. >> that's pretty quick. >> how much subsidized and how much not subsidized? >> i think the vast majority of that will be unsubsidized.

subsidy is not necessary and once that happens it's what's healthiest for the industry, is that we proceed on our own two legs without the assistance of subsidy. >> people are watching. they want solar panels and they hear about solar city. are you talking about big utilities or should people at home think that cost with solo, i want to get involved. >> solar city works on residential rooftop model and that's not our market. people shouldn't confuse the two. they're a good company and they have a great product, but we focus on the industrial users and the large utility scale power plants. >> you had a 7.7 gigawatt opportunity to talk about, but latin america, north africa, europe, india? do you have sales people there? >> oh, yes. we have a global sales force. we started putting that sales force in place about a year and a half ago, and we got a solid base of talent. we're starting to get traction. we'll always have a very solid north american business, but we hope to see growth out of a lot of the new markets that we've entered over the course of the

last 18 months. >> say you want to be a shareholder in this. should we be measuring you by pipeline additions? book to bill? what are the best and different ways to be able to judge how first solar is doing by what first solar thinks? >> i think we put out the opportunities that we are pursuing. >> okay. >> that's a good sign of the overall activity levels in the marketplace, and that's important to watch. and then you look at how many of those we converted into bookings, and you want to see that we're continuing to perform well on a book to bill ratio, and then you want to see that we're delivering a return on invested capital and margin out of those bookings as we move forward. >> that's what we want to see from intel. you're finally there. >> yeah. china's a big country, but a lot of the chinese companies did fall by the wayside. what were they doing wrong versus what you're doing right. >> they participate primarily in the module-only business. they're exposed to periods of excess capacity and we've been through a nasty period of excess

capacity. we pursued the entire value chain and as the margin disappears in modules and engineering procurement and construction, and financing and the whole value chain as opposed to being limited to one component of the whole system. >> what did solyndra do to your business? >> solyndra created a negative perception with the public and the politicians. >> i mean, that's still kind of what you're dealing with. >> to a certain extent, yeah. we don't, frankly, we didn't think the government needed to be in the business of investing in start-ups, but by the same token, sometimes it's useful to bridge new technologies to a presence in the marketplace. i'm less focused on judging that investment or the entire program and more focused on allowing people to understand that there's far more successes in the solar space than there are solyndras. >> do you think that this j.p. morgan peak earnings per share, $7 in the next three to five years, is that pie in the sky or do you think it can happen? >> we put out a three-year

target at our last analyst day and those show solid progress in that direction. we haven't commented beyond that. >> fair enough. it's not like the old days. it's a real company, and it's a manufacturing company. james hughes, the ceo of first solar. i want you to consider this as a manufacturing company that is in the solar business, not a solar company that may be a manufacturer. "mad money" is back after the break. tomorrow, kick off the trading day with "squawk on the street." live from post 9 at the nyse. >> i'm raising my price target based on that. >> you're high on the street? >> i'm going high. >> it all starts at 9:00 a.m. eastern.

it is time. it is time for the lightning round on cramer's "mad money." [ indiscernible ] rapid fire calls. play until we hear this sound and then the lightning round is over. are you ready, skee-daddy! time for the lightning round. we'll start with morgan in california, morgan! >> boo-yah, dr. cramer, how are you?

>> i'm real good. how about you, partner? >> oh, excellent. i wanted to thank you and those wonderful women you have working for you. you're an incredible team and i want to thank you so much for all you've done for me. >> we have an amazing staff. it's an amazing staff. >> i don't get a lot of sleep, and i'm up in the wee hours looking at stocks, and i've been having my eye on slunk, that mining company. i noticed that they had tied down a lot of big contracts, and i made a killing after their earnings and i pulled out. i want to buy shares now, but i don't know if i should wait or -- >> it's a great quarter and i don't mean to conflate the two, but it's the umbrella for the highly valued companies that are in software and the software platform and this company we did a very good piece about it, if you want to look it up on the web. i say you're right, and i'd be a

buyer. what a quarter that was. let's go to nell in maryland. >> hi, jim. >> hi, nell. >> thank you for taking my call. >> you're welcome. i listen to you all the time and i'm wondering what you think of comstock resources. what do you suggest? should i buy it? >> look, $17 stock versus buying a $160 in eog. i have to tell you eog i feel better about and i want to be in the highest quality in america. can i go to parth in illinois. >> a big boo-yah from chicago. >> oh, chicago, wow! bears! what's up? >> ahh! i've been looking for a gain in the aero defense market, orbital sciences, satellite manufacturer. >> it's a winner and i like it. i like the management and you're in good shape with that. that's a good one. let's go to paul in california. paul! >> boo-yah, jim cramer.

this is shindig from ventura, california. >> good to have you, sir. what's going on. >> i'm looking at i robot, symbol irbt, seems down after consolidation and i'm thinking that roomba might be one of the big items for the holiday. >> i don't want to play that. it's too dangerous. that's too big a leap and i'm not going to endorse that as a strategy for irobot. let's go to eric in texas. eric! >> hey, jim, a big san antonio boo-yah to you, sir. >> oh, wow! san antonio. good basketball. what's up? >> hormel foods, ticker symbol hrl, is it a buy or a hold? >> they report this week. i believe the quarter will be good. last quarter i wasn't that crazy about, frankly, but why don't we wait to see that quarter? it's got a great, long, track record when it comes to dividends. sydney in virginia. sydney! >> professor cramer, boo-yah, boo-yah, boo-yah. >> triple boo-yah right back.

>> i did my homework like you assign your pupils every night and i want to know your opinion about magnum hunter, symbol mhr. >> the price of west texas is going down, but i've looked into the eyes of gary evans and here's what happened. i went too hard on gary evans after they had a couple of messy seasons and then i should have just immediately switched when they cured them. that is a cured situation. i talk about that in my next book. i think magnum hunter is now good to buy. if you get it under seven, that's great. they solved the sec problems, and that's what matters. accounting irregularities equal sell and you fix the accounting irregularities and it often means buy! let's go to daniel in california. daniel! >> hey, jim, thanks for taking my call. >> absolutely. so i just bought into a stake of ariad pharmaceuticals last week, and given they got the go-ahead

from the european regulators to market iclusig in europe, and they restructured their budget this quarter, cutting production expenses by a percent in 2014. >> yeah. >> i'd really like to take a larger position. >> no, no, no, no. look, i think you're absolutely right that this is a de-risk stock, but what happened was so jarring, i don't want you to get any bigger in it than you are. that was very jarring in the united states with that rejection. keep the position you have and don't get any bigger, please. can i go to tom in new york, tom? >> what's going on, buddy? >> not much. how are you, todd? >> good. what's the skinny on dlr? >> oh, man. i don't like these technology-related real estate plays, but i do like the fact that f5 did a big buyback at the close. i think that's a good one, but that's not been my favorite, really. it's gotten pounded. let's go to pat in virginia, please. pat! >> hi, jim, brr-brr-brr-boo-yah.

>> let's hope no snow. what's up? >> i was wondering what your take is here on generac. >> i think generac is here to stay. i think it has the best technology. i think there will always be storms and think i ought to go get one. and that, ladies and gentlemen, is the conclusion of the lightning round! >> the lightning round is >> the lightning round is sponsored by td ameritrade. with.

jim, you don't understand africa. it's not for sissies, but it's not as risky as you said. >> normally i'm not that into people who call me sissy, but i'll make the exception for the ceo of rand gold. it's been a rough year for gold. even the recent shellacking i think it's worth having gold exposure in the portfolio. insurance against inflation economic attachment and people think that's going to happen no matter what. you want to own the gld. the etf does a terrific job of tracking the commodity and i used to recommend gold miners. in the end, you have to mess up in the execution and there are too many things that can go wrong. the flip side of the observation

is if a gold miner executes flawlessly, then things can go much better than you'd expect, even in an environment where it's taking in freefall. take rand gold resources, with five mines in sub-saharan africa. it reported an excellent quarter which just goes show that sometimes things can go unexpectedly right in this business. the company blew away earnings estimates thanks to the better than expected predictions and the fact that it got a new mine in the democratic republic of congo up and running. if we get a turn in the price of gold then rand gold could do quite well, and if we don't get it, it will outperform the underlying commodity and the rest of the group. so let's check in with the ceo of rand gold resources, get a better sense of his company's prospects. welcome back to "mad money." >> hi, jim. nice to be on your show again. >> you had a great quarter and one of the things that i thought that you explained was you kind of took the attitude of a tech

stock. a tech stock, a tech company that's great, invest in the future and doesn't cut back because there's a big payoff down the road. isn't that what rand gold is doing? >> absolutely, jim. you know, we said that our successes today is what we did last year and the year before and even five years ago, and what we do today is going to, you know, position us for the future. >> now, it looks like that you had a couple of mines, both in the ivory coast has turned out to be phenomenal. i know a lot of people said why would they let rand gold in? you were giving some compelling figures that you are a huge part of the gross domestic product and a force for employment in that country. >> we have 12.5% of the gdp of the country, and the ivory coast about 1.5%, and we are destined to be a significant part of the drc gdp once we get the mine up and running in kabali.

>> let's talk about the drc because i was struck by how hard it is to mine gold. the huge number of infrastructure projects you have to do there before you even start mining in bulk! >> yes, jim, we've got -- that's been a great project, and you know, a lot of people talk about the drc as this high-risk, you know, wild place, but we are build one of the biggest gold mines on the continent on time and we report first gold ahead of schedule, and you've got to give some of that credit not only to our team at rand gold resources, but also all the administrators and both regional and provincial government people who are behind us, working with us to make sure we can get our trucks in on time and all of the equipment in the right place. >> some of the other mines actually, you're actually upgrading the ore. a lot of the guys i dealt with in the gold mining business say

that gold mine is petering out. you've got gold mines that are accelerating. why is that breaking the pattern with the other guys? >> you know, the only way to create value is to make discoveries and develop your own mines, because if you go and buy them you will always pay a premium. even today the industry is still trading at a premium. so, you know, and once you start the mine, you will start consuming their assets, so you have to reinvest them. as you saw in kabaly, we added more reserves to that mine, even before we produced the first bar of gold. >> so how do we deal with the gold, that the average gold stock i follow is down 50%. you're only down 40%. how do you deal that you're down 40% and delivering far more than anybody thought you could deliver? >> you know, jim, it's a long-term game, and mining is about allocating your capital properly, and we've allocated

our capital to make returns at $1,000 an ounce. a lot of people criticized us when gold went to 1900, but we've been right and we will make money above 1,000. that's the point. a lot of people run gold companies on the premise that the price is always going go up, and we know that's not true. so i think, you know, what we've seen, and i often say this, you know, you talked about risk in africa. investing in gold stocks, the biggest risk you take as you've highlighted in your intro, is management, not really the geopolitical location of your assets. >> now, are you indifferent, then? it sounds like you are indifferent. gold at 2,000 is good for you, but you are the only guy i know who is finding a lot of gold. a lot of the other companies i lost interest in because they said it's too hard to find at these prices. doesn't that mean over a

multiple-year period, if you don't have a lot of supply and demand stays steady, the price of gold has to go back up? >> absolutely it's an exciting time. i must say, it's always uncomfortable to deal with lower gold prices and it's great to have higher gold prices particularly when you allocate capital like rand gold resources. but the building blocks of any resource company is investing in your future because you have to, and it's not a short-term game. you can't just turn on the switch and r&d. as you know whether you're a pharmaceutical company or i.t. company, you to invest in intellectual capital and no difference to mining. you have to invest in your future, otherwise you will have to have lower and lower grades. and a big driver in our results is grade. grade is king.

>> you nailed it. i want to thank you. you stuck by your guns. it's a great situation for those who like gold. thank you very much, dr. mark bristow, ceo of rand gold. >> thank you, jim. >> i'm never losing my interest in gold, okay? if you want to own a miner it is rand gold. stay with cramer. keep up with cramer all day long, follow @jimcramer on twitter and tweet your questions, #madtweets. we asked people, "if you could get paid to do something you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect.

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why isn't oil down more today? it's barely down 0.4%. a legitimate question. the bigger deal isn't just about oil being added to the market. it's about ratcheting down the tension in the middle east, making it less likely iran will block the strait of hormuz, that narrow bit at the end of the persian gulf that 20% of the world's oil must pass through, but here's a thing. i do not believe this was a surprise agreement at all. the oil traders in addition to at times apparently rigging the entire market also seemed to know it's up well ahead of time and although to be fair here, it's not like the negotiations were secret. it hasn't fallen through $90 yet like so many were waiting for especially if there was real economic demand for oil. we know, for example, the exports are at the lowest levels in years.

iraq is pumping 3.7 billion barrels per day. the united states is pumping more oil since 1989 and the production prices have not fallen like they were supposed to. so i don't think this new oil from iran will add enough supply to make a difference internationally. however, it is worth pointing out that the spread between american west texas crude and brent crude, the international benchmark which had narrowed this summer, is firmly back in place with the $15 differential, and west texas is substantially cheaper than brent. i think that can cause the stocks to come roaring back and i think the price of west texas might actually be irrelevant because the country has bottlenecks everywhere. right now brent is showing that global demand for crude is pretty much insatiable. just a little bit more oil from iran doesn't seem to matter, which brings us back to the central issue. the price of oil is high because economies around the world are actually doing better than we think or talk about, especially china. i look at our country's big internationally oriented companies and how they have the business in europe is starting to go up a bit. the tightness of the international oil market is

emblematic of that, as is the performance of the international oils like bp and chevron, disappointing quarter. look at that versus the domestics which do seem to be held hostage to the west texas price. exxon has been a real standout, okay? and that quarter was a good quarter. i don't think the move is over. warren buffett's right. that's why it's more important than ever to follow brent and to notice that the $108, to $109 and $110 level represents a strong market that's not going to come down much at all, even with the 1.5 million additional barrels expected to hit the market thanks to the loosening of some of the sanctions on iran. i'm looking at a ratio of 109 to 112. i think that's probably right. because the marketss aren't linked with those of brent right now, don't expect a further decline on west texas crude, either. don't expect an increase that much either. i think that stasis at the $93 level for crude seems right.

barring some shock to the system, the odds of which went down dramatically because of this historic agreement. i wouldn't bet domestic oils that had been so strong until recently when they'd been drubbed, companies like noble, eog and pioneer. if history is any guide, some of the analysts who were stuck with these stocks will begin to panic and downgrade them because of the next level down that we've seen today, and that will be your chance to snap some of them up. first choice, i will go to noble energy and it has terrific international and natural gas business, and i would suggest eog, and these are fabulous companies and the irrelevant iranian-inspired weakness will be ideal tomorrow for the pickings. stay with cramer.

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you know, this hain celestial is really important because there was an article

that did kill the stock and it is difficult to try to figure out what is going on when you read an article that is so negative, but i fall back on things like earnings per share where their company is doing so much better. we have double-digit growth, but you have to make your peace with it because it's obvious the