final trades, tim. >> playing defense in walmart. >> bk. >> guy >> let it rip, you big stud. >> you crushed it. 'lseks for watching, everybody wel e you tomorrow night "mad money" starts right now. sw my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere and i promised to help you find it. "mad money" starts now >> hey, i'm cramer welcome to m"mad money." welcome to cramerica my job is to educate and teach and put it in context. call me or tweet me at jim cramer if only, if only we had something that we could hang our hats on. well then we could do some

buying into today's downturn down 292 and s&p losing .5% and nasdaq sinking .5% but we have nothing to hang our hats on. nothing. and i think we should just stop pretending otherwise now i find it hard to have any conviction about anything. why? because in this business timing is everything. you don't buy a stock because you like the underlying company. you have to wait for the right moment that is right. the moment when the price of the stock is right yet you rarely hear team say, i love the company but i don't like the stock at these levels we fear missing out more than looer losing that is true now that we've had 250 days without a 5% decline. so the fomo is palpable. now if you could hang your hat on something right now, say that inflation is coming down or how about that the feds on pause

well, they could be for all i know or a covid peaked. and then you could pounce on the decline, right and look, these are real possibilities. we get a weakened than expected price but who knows if that will continue what happens with the kids start giving it to each other and the parents get it as the school year begins in earnest i hear that we are learning to live with the virus. how come millions don't want to go back to work. they fear getting sick as for the fed, is it really on hold i thought they were on hold because of the worries about the delta varpt. if covid peaks they could talk about tightening again jay powell might prefer not to but that might be difficult in which case the peak. here is the issue. i have no conviction about any

of these scenarios they are possible but they are probable >> i don't know. i have no ablility to hang my ht on anything. and then the dow jones industrial average was up nicely yesterday and which would cause traders to come in this morning and do buying in the group. and sure enough, people chasing and then sank when there were no buyers underneath. when you build a position gradually and buy more on the way down in case you fail to pick the bottom. but if you bot because you thought they were going higher, and then suddenly well say your left wondering if you made a big mistake. you might have been hanging your hat on buying dips as the philosophy worked for ages maybe it won't work any more the calendar said that dip buying doesn't work right now. maybe the calendar is right. how about individual stocks? we're seeing disturbing trends

if you buy high quality stocks and buy them way down, more often than not, well you'll make out like a bandit. doesn't seem to be working now let's talk about apple the stock is the greatest company in the universe had a new product launch today and then like clock work it sells up last week it was pummelled by the loss to epic in a recent federal court ruling i figured if the stock run into the launch and then gotten slugged because it sold off before launch, we could see the opposite effect. i hung my hat on the theidea the were low expectations for iphone 13 nothing to hang your hat on. so the pattern i wanted to hang my hat on, it had failed take wynn resorts. here is a stock pummelled by the idea that the pandemic would hurt vegas and macau well we were looking real good but then, well then what

happened the chinese communists let it be known that it wants to crack down on gambling in macau. which is their core business should have been more worried about kline's resurge in communism as china has let gamblers be gambles. i thought i had something to hang my hat on of course the chinese community gets going pd doesn't that say anything i can't even -- ugg. there you go and okay and think about the groups that would have made us a ton of money. we thought the drug stocks invaded price controls because biden didn't bring it up and then last week it turns out they were just bidding their time the plan is to roll back drug prices to cause a huge amount of pain to shareholders even as they're beneficial to anyone who buys medication now the whole group has to

bottom and it doesn't look good. forget that hat hanger lately i've been hearing people make the case that the banks were cheap oh, that one seemed like it was a good idea to hang my hat, right. how about flies risk reward. we heard they were cheap and we heard it is something to buy. and i kept thinking why, why what do you know what is your conviction stem f from the answer, nothing. so let me ask you something then, how the heck do you come up with conviction to buy? the answer is simple when you feel like you'd be willing to buy more on the the way down and not cut and run, because you never had anything to hang your hat on to begin with man, i'm really good all right. we get the picture i'm very good. what is the cure first i think it is price. when stocks fail to go down on bad news and fail to go down when the bad news is pointed out

about anos, that does tell you the pain is over that is the moment to buy. so first we have bad news, the stock doesn't go down and then bad news and the stock still doesn't go down. that is a good signal. however, we may have to wait until the second week of october when larry williams tells us is done finally, you need, let's say we need to see stocks stop suffering big declines on nothing. go back to apple the stock was down big last friday and then the launch went fine and then it still went down more and only if the stock started dropping today did people say that is not such a good phone. please i'll take it give me yours. i read about myself on twitter because i am a massicist, that would turn me into one of these. and i see that apparently i have become a raving -- now maybe at this very moment that is not such a bad thing but i'm not a bear i'm neutral for the moment

i'm just waiting to have something to hang my hat on before i pull the trigger. lots of unseasoned players in that market keep mistaking my caution for belief that the whole market is headed down. i simply want to lessen the chances that the stock market gets hammered after i'm doing my buying and be done it. that is what you want. remember, you're trying to make it for a better risk reward. the bottom line, right now i'm keeping my rally cap on my head, okay because as i -- well as you could tell from my failing efforts other than when i put the chinese communist party hat own, there is nothing else to hang our hats on if we're bulls. let's go to dane in florida. dane >> hey, mr. cramer, great to speak with you. >> thank you >> i want to diversify my portfolio by reopening a telecommunications position. >> okay. >> and verizon caught my eye last week. >> well don't. don't let it

it will poke your eye out. that stock is doing nothing fast he don't want you in that one. if you want extra income, i would rather see you in chevron. how about scott in florida scott? >> caller: hey jim, this is scott in florida thanks for take my phone call. i'm calling on a stock that you recommended about a month ago. beauty health, the ticker is skin you interviewed. >> oh, that thing is hot as a pistol. >> caller: unbelievable. a relationship with ulta, nordstrom, sephora, i want your opinion about what you think about the stock going forward. >> this is one that brent saunders told us about and he's been dead right. it is been a terrific stock. i don't think it is done wait for a little bit of a pullback, but i have to tell you, brent nailed it and he nailed it for us all right, everybody right now we don't have anything to hang our hat on in this

market but i demonstrated a complete inability to miss. anyway, and until we do find something to hang our hats on, i find it hard to have conviction about buying anything. so i'm keeping my -- let's say i'm sitting on my hands. pappo alto yesterday, could they continue to connect. i'm getting the latest from the ceo. and thin inspectors sky high natural gas and i talk about it because it is. so is the price soaring on fundaments or another short squeeze. i'm going to the charts for answers. and another nat gas player is poised to benefit from the higher gas prices. still some techie with a $3 stock and the company chairman to learn more about the company in its pipeline. so stay with cramer.

>> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. i wonder how the firm's doing without its fearless leader. you sure you want to leave that all behind? yeah. stay restless with the rx. crafted by lexus. experience amazing at your lexus dealer. crafted by lexus. hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this... your mover, rob, he's on the scene and needs a plan with a mobile hotspot.

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. eep even when the broader market is getting -- the last time we spoke to palo alto was three weeksing when they delivered a blow out quarter at 18.6% the next day. since then it has been on a roll from 41 and change to 480s

and yesterday question got more fabulous nice. when they had the analyst meeting. management is forecasting $8 billion in revenue for 2024 that translated into a 23% growth rate. it is not a small company. but expanding margins, so do they have more room to run let's check in with the ceo of palo alto networks to hear more about his vision for the future. welcome back to "mad money." >> thank you for having me back. appreciate it. >> so to cash these long-term goals are based on things that you think can be made, billings of $10 billion and revenues of $8 billion can you give us an over view of how you campaign to this long-term guidance. >> about a year ago when you and a talked we were all in the midst of a pandemic trying to figure out where things would end up i think it is clear that despite the bad impact of the pandemic,

we've learned how to live with it and the same time we've seen an acceleration of technology adoption it is across the board you see that in sass companies in streaming businesses in delivery businesses. and i don't think there is any turning back from here what that is done, it has increased our -- increased the momentum of digital transform andation at the same time if you add to that the cyberattackers are beginning to pay attention to the technology, we're beginning to see that every company needs to make sure that their secure so there is a huge tail wind in terms of the awareness of cybersecurity and the need to be more security away from a company. and from that perspective it gives us great comfort all of the work for the last three years, building our platform around network security which anticipated this need to move to the cloud and building our platform around cloud security and dropping more and more

artificial intelligence and machine learning in our platforms because security needs to be instantaneous and now. it is kind of like elon's autonomous car we are not spending days and months and years trying to figure out how that happened. it needs to happen that instance. >> speaking that, i got hacked recently and the oath thing that i did was add a smart tv i checked everything and everything and everything. okay i now read that the oakio product announcement which i demand that everybody read and i realize i was hacked because i put in a smart tv which i had no protection and was saying things by others and i managed to get some things recalled that i allegedly bought but if i had oakio, this new product, i don't think this would have happened. >> there is a funny story, jim i got hacked three years being before i joined palo alto networks and i was looking

across my infrastructure and i started doing research and i realized 75% of the people out there don't know their wi-fi or router password. forget about making sure it is protectedch you don't even know it there are people that use generic passwords and you could hack them as easily as you could hack anything in the world and that led us to have this huge conversation at palo alto saying what is the next bastion of cybersecurity where do i go? now the pandemics that proven that we have to work from home and home is your work. well your home is a lot easier to hack than the enterprise. so the attackers are going to move to the point of least resistance which is people's homes. so we're delighted to have built this product from the ground up with security nirs first in mind the whole principalest product is to deploy it in your home and it will protect your work and protect your home and we'll make sure that nobody could see other data so people in work don't see what is happening in your house or

work and run two secure sub nets in your home and you could be more protected as you work at home and smart things, are all connected to the internet. your just expanding that digital connectivity at home and none is designed for security just yet. >> when i first heard about this, i thought it was enterprise and that i would have to get it through the enterprise but $148 makes it clear this is for home first but will help you at work. why price it the way you did >> well, i think, jim, there are three versions or three ways one is as an enterprise extension. so i use my home for work very often and there i could protect me while i'm doing palo alto work and at same time i heard you talk about restaurants and my wife has a restaurant, they are relying on technology. and open table and door dash and all of this stuff. they have no idea about the security from a technology perspective in the rurnestauran

and they can't afford i.t. people to make that happen so this will provide 24 support service or you could go on the the internet and order for one at home. so we've priced it in a way to satisfy each of the use cases. >> i think right now, i have a personal subscription that just helps me against mal-ware, nowhere near as complicated, century smart enough. >> this is not complicated you could use it off your phone. it is a simple consumer app saying make me very secure or somewhat secure and you could choose. >> i didn't know any of this i figured i was safe at home i figured what crook, what cyber thief would attack me at home. i have everything at home that i have at the office i completely switched to work from home. so everybody who works from home

needs. that's great innovation. so the analysts that are happy when you came in they said jim get away from them all they want is m&a it was the greatest thing you could possibly do. now fondly they are saying he's done with m&a, did not not realize before you were m&a you were just on prem and now you've got the end to end solution. >> well, jim, it takes four to seven years to build amazing products in any consumer with consumer technology or enterprise technology. we didn't think we have four to seven years. so we went around and found the best companies in the world and we were fortunate enough they decided to become part of our network. and we had a strong integration play with the companies. so we've been in very high investment in the last few years which allowed us to build these three amazing platforms for market now we have built these amazing products our job is to make sure we deploy them and that is what

we're doing for the next three year years so, we don't need to buy any more companies and looking at value apgsss it impossible to acquire some of these high flying security start-ups. so we are very comfortable that we're going to continue to build products internally and deploy them to our custs and we build 65 products and only acquired 11 ore 13 so it is not like we haven't been innovating and now our job is to execute and deploying those to our customers and expand our operating margins by 100 basis points and expand our free cash flow getting up to 2024. >> i know apple said it is the fort knox of its complex can we start thinking of if you hire at any level, bring palo alto in, you created a on prem, two cloud, two home fort knox solution >> well we have. we have a phenomenal

presentation by our founder and our team, when i came to palo alto, we got 67,000 letters a week we're down we could remediate in under a minute and stop threats in second that comes to us. so even our own dog food deployed this architecture internally and the whole idea its to get our customers to that secure state once they're there, in seconds so that they could focus on day jobs and not worried about who is going to attack them next. >> and last thing i need to know when you think about the biggest security threats we have, are there new ones right now that we're not focused on you had the ability to see that it was work at home, it was a problem. what is next >> well, jim, it is kind of interesting, cybersecurity as you see the ransomware attacks and the money being asked for has gone up because people figured out there is economic value in this. we've seen cybersecurity go from

say hobby to a profession. my concern is it is a more targeted profession. and tomorrow my fear is this becomes cyber warfare where people start using cyber tools to go after specific companies, specific points of critical infrastructure and that is why it is so important that over the next three to five years we make sure everything that we have is secure to a certain level. and that requires rethinking technology architectures and honestly, to talk, to requires a more platform approach to cybersecurity, not a point solution approach which is something i said three years ago and we're seeing that in spades today and i hope that many of our customers, many large companies out there will deploy that strategy because that is the ome way for them to get a better secure state. >> you've been a straight shooter and the presentation is excellent. and i have to get the product. this is the chairman and ceo of palo alto networks thank you so much for coming back on the show. >> thank you for having me.

>> there is a great video. for those of you hacked in the last since you got a smart tv, take a look at it. i think it is definitely what was what happened at my house. >> coming up, it is a attack cramer pipes up wisdom on natural gas when we go off the charts, next i wonder how the firm's doing without its fearless leader. you sure you want to leave that all behind?

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as i've been saying for sometime now a spector is haunting wall street the spector of sky high natural gas prices now we'll hear that nat gas work thanks to tight supplies in the colder part of the year but what it is f this is the mother of all short squeezes this is crucial to the stock market and the broader economy because natural gas is a major cost for so many different industries that is why tonight we're going off the charts with carly

garner a brilliant technician who is there the trading and the author of higher probability and our commodities expert because we want a better read on the the situation and that is garner and she points out that we've seep the same pattern across various different commodities. you have a boom followed by a bust and a hot summer, followed by supply disruptions from hurricane ida. unless we have a cold winter, they are over estimating the demand with nat gas at $5 at change why? let me put this in perspective natural gas has been awful for years. since fracking, that has kept a lid on prices. shoot and fishing a bra, garner thinks the bears got complacent. the result, occasionally you get explosive moves higher that catch everyone by surprise it is not just right now

in 2018 there was a managed futures program blow up that sent it to $2.40 to 8.80 in a matter of weeks. yet a handful of weeks later it was back under $3 because short squeezes don't last. garner is seeing something very similar right now. so take a look at this weekly chart. and that is the most simple chart, of natural gas. and this is with the cfdc commitment of traders or cot report, right. these are the numbers that show you the net positions of small speculators and large and commercial we care about the large speck you'llators and that is the green line, see these, over the summer you could see that these money managers took a large net short position as natural gas continued to rally by the time prices move up $4. they ran out of fire power there was none left to sell and then prices skyrocket and which

is exactly what happened that is a cause and effect situation. eventually the bears started to capitulate, but what did they have to do buy natural gas futures back which push the prices higher and that is the last leg up. garner believes this short squeeze is likely to be temporary. just look at this chart. every time the large speculators get into negative, look at this, what happens natural gas spikes but then it quickly plummets once the short squeeze comes back to an end back in 2014 this took us to $5.75 and then made one last run to $6.50 and then under $4 just as far as it rally and that is why commodities call natural gas the widow makers while she said it is temporary, that doesn't mean it is out of juice. according to garner prices could go for a while mr. the breakdown. because the net position held by large speculators ome peaked at 166,000 contracts.

you could see that right there sorry. as of the most recent commitment reports, those institutions still have 120,000 net short positions. garner suspects that another 40 to 60,000 contracts got squeezed out last week meaning half of the shorts have already been forced out the thing it is didn't end until large speculators went neutral or long and which means we have a long way to go garner thinks natural gas could move tortd the 2009 or 2014 highs so now we're thinking about elevated levels. 2014, we'll see it in a second that is somewhere between $5.75 and $6.50. look at this weekly chart. since prices bolted above 330 in june breaking out above $5 last friday which has become the new sport. as long as that floor holds

garner said the bulls could control. there is the floor that has to hold she's adding that the commodity markets behave a certain way they don't follow rules. expectations or even logic they follow the traders thanks to the technical breakouts over the long-term these rarely last when you're dealing with a commodity, the cure for high prices has been, well, high prices for years they've held back on fuelling because prices are too low. but garner expects them to bring por supply to market they fired up a bunch of dormant rigs in february in texas and we should see that on a larger scale now that the prices are above $5 nationwide that is why this is such a crucial level now take a look at the long-ter chart. garner wouldn't be surprised if it could run to $6.15. remember i showed where it could

spike to that would be rather low versus there. natural gas peaked there in 2009 all right. but now understand this. even at $6.50 in 2014 we haven't seen prices since the advent of fracking so these are significant levels and you could see why they're freaking me out because this is the natural building block of so much of our economy. that said if natural gas breaks down below $5. that is the floor. well this whole move is over and garner expected a break down and new supply will bring nat gas back into ecquilibrium and she doesn't recommend to try to bet against it until the short sellers finish getting squeezed out still if garner is right, that is very good news for the rest of the economy if these prices are mostly the result of a short squeeze and not anything organic, that means

persistent inflation is less of a concern that we thought. and of course it would help jay powell's view that inflation is transitory so here is the bottom line the chart by carly garner suggested that natural gas could continue to explode higher for a little while but only, and this is the temporary short squeeze rally that we've seen in so many other commodities. sooner or later she's betting prices will fall as sweptly as they rose. i think it is later. i think we could get up to here but then go down to there. let's go to tom in pennsylvania. >> caller: booyah, mr. cramer, from the city of brotherly love. >> thanks. >> i know you're busy. so i'll get right to it. >> no, i have time. >> giving the return to travel and the manufacturing and the infrastructure bill, combined with increased demand for rapidly industrializing nations

and not discounting cyberattacks what are your thoughts onyxon mobile and the industry as a whole. >> i do like some of the oil stocks exxon is not my favorite i like chevron and a like pioneer and devin. and any one of those have good growth real good dividend policy and then chevron good dividend and fantastic large cap liquid majo% oil and gas company. the charts suggests that natural gas could continue to roar higher short-term but eventually the short squeeze will end and prices will fall and much more. [ inaudible ] but the stock is still lower than where it was pre-pandemic it is at three smackers. it investors getting a good buying opportunity i'll talk to the top brass and gold think there is only

room for one of them but i'm sharing why there is room in this town for them and all of your calls on tonight's edition of "the lightning round. so stay with cramer.b■=■

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tonight we're talking about the relentless run in natural gas. it is a theme for me on the show earlier we are highlighted carly garner but what if it is not going to subside. in that case you might want to own something like tell orien. to ip vest in fat gas

transportation infrastructure symbol t.e.l.l that could eventually make them big money. thanks to the natural gas volume, stocks up are 150% for the year but still at $3 it is down big from about the pandemic so could this be the opportunity you're looking for let's look with terese to learn more about the vision for the future mr. sookie, welcome back to "mad money." >> jim, thank you very much for having me today. it is been a while. >> i have to tell you, when natural gas was at 253, you said you think this is the bottom it will go up substantially and i sent you back a snarky email saying oh, please. and you were right and i was wrong as you've been the whole time what did you see what did you know? >> well, jim, fundamentally, 15% of the world's population uses 40% of the world's energy. so the rest of the world is trying to catch up and for them to get simply to

half of our living standards, we're going to need to find another 100 million barrels of oil equivalent and most of that is going to be natural gas as opposed to oil so fund. it is a strong market and what happened in the last five or six years is the u.s. has from an energy standpoint become a full participant in the global interest so we now connect it to the rest of the world and what happens, it makes a big impact on us. fortunately we're blessed with enormous resources and we can do it if we want to >> so now we have a pretty much a worldwide arbitrage without a lot of friction, connect. >> that is correct. >> so what happens >> the friction, jim, is going to be the infrastructure because enormous amount of infrastructure needs to be built. but we have the resources to do that we're blessed. >> talk to me about the

integrated model and the way it was different from what you did with schenner. >> well, when we were with schenner, as you remember, we had started by thinking that the u.s. was going to be short gas sew we wanted to impart gas and low and behold fracking happens and the revolution would change thing things dramatically. and we didn't know where it would end up being now what is happening with the natural producer of gas in the world, we are also one of the top two exporters of natural gas in the world and we have the resource between the severals the hainesville and the associate gas and permian basin. all we have to do is build a little more if we build the infrastructure so we're connected to the rest of the world they don't have our luck most of the gas in the world will come from three places. russia, qatar and the u.s.

and we're very, very significant component of this and if we decide to help the rest of the world, we'll be able to do so. >> is it possible that we could have the same shortage that australia did when they decided to export so much they actually got in trouble >> no. not for the next few decades because when you look at the production, the resource we have, my sellers and the hainesville and the permian basin, it is just a matter of having a few more weeks. i know prices are high now in the u.s. they probably will be peak this winter and then the companies that were so distressed for two or three years will repair their balance sheets and start drilling more and prices will come back down towards the end of next year >> all right good. >> in the u.s. in the u.s the rest of the world is not the same story. >> they don't have enough. one thing that was a great opportunity for investors in common stock but didn't understand in terms of bonds is that you have the issue of 35

million shares of $3 because a glitch involving the nasdaq that would have otherwise allowed you to do a bond how did that work out, because i think you kind of gave away the stock too cheaply? >> no, it is two different things, jim. we did raise some money and that is becausewe're building our war chest to go make an acquisition. as you know, i want to be completely integrated and i need to take a look at opportunities. they are all over the place. there are other producer trading very cheaply and it is i good opportunity if you could get the gas on the water it stems at the beach and it sells at $20 on the the beach and the water. so you want to capture that arbitrage. with nasdaq, we wanted to issue a bond and it is what they call a baby bond. i never heard of this before it trades in $20 denominations and the bank came to see us and said we could do this. this is seven to eight years

maturities and very light on governance and 8% coupon i thought it was too good to be true it doesn't accrue interest it pays pretty much like an equity security. an ex dividend or not. and nasdaq could not get their arms around it and wanted to treat it as an equity but it is simply an obligation of the company and so we'll see what happens. >> and then last thing, where is you in terms of what happened with the hurricanes? slowing up -- has it slowed your giant build? >> no, not at all. as you know we're in preparation at the moment, we have started the hard construction. that won't start until march so right now it is fine. there is no issues on the the project. >> well this is a very cheap call on the the whole situation at $3 stock. i didn't think -- i got to tell people, do it like you told me to buy cheniere at seven.

>> this is at this point it is ridiculous if you want to get -- if any of the gas producers in the u.s. and you're looking at what your prospects are, the domestically they're very limited but on the the rest of the world, it is enormous and you'll have prices on the water a multiple of three or four times what they are in the united states so just across you get paid a lot of money. >> everybody just got a nice $3 speck that makes a ton of sense because he gave it to us when it was $7 and you went up 20 fold. that is cherif sookie. it is great to have you on the the show >> gret, jim thank you very much. this was for the first ten years the biggest winner we have was cher eve

m.a >> cramer has the answers to all of your burning questions. of your burning questions. "the lightning round" is next. stay restless with the rx. crafted by lexus. experience amazing at your lexus dealer.

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don't thank them too soon. kick pain in the aspercreme. "the lightning round" is sponsored by td ameritrade >> it is time. time for "the lightning round. and then "the lightning round" is over. are you ready, skee daddy. to jose in california. >> mr. cramer, thanks for taking my call. >> of course. >> i go through all of your teams and i want to ask you a couple of questions.

i just got a puppy for my son and i was to build a portfolio so what do you think about park. >> i need something with respect, and for animal health, or if you want to be that particular you could buy chewy, but not original bark. it is too risky. to carol in florida. carol? >> caller: thanks jim for taking my call. i want your thoughts on lenore corporation. >> lenore, it has a very big run but right now i'm sensing this market is angry. it is the kind of stock that will have to come down i can't hang my hat on anything involving home builders. to pat in nebraska pat? >> caller: caution technologies formerly known as coups.com -- >> no, no. way to risky coupons.com, no. let's go to jamison in oklahoma. >> caller: thanks for always having our backs in the financial underdogs like myself. i'm calling about a stock that

has a head wind in the chinese communi community party but whispers how do you feel about alibaba. >> i'm throwing the book at alibaba. i'm done i'm not touching any of these chinese stocks you can't. i need one more. i need to go to brian in new york. >> caller: big fan 20 years i'll make it fast. baldwin therapeutics >> no. oh, man. another one that is too risky. too risky. we have to go with bluechip fo now. and that, ladies and gentlemen is the conclusion of "the lightning round. >> "the lightning round" is sponsored by td iameritrade. sponsored by td iameritrade. >> coming up is your crypt

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it felt so freeing. i felt like i was finally out of this neverending trap of interest and payments and debt. ♪♪ it is not either/or. yet that is how i feel every time i see anybody argue about owning gold versus cryptocurrency there tends to be no love lost between investors. call it the in a nas isism of both the gold bugs are con tem shus

of the gold because it is been stable but the cryptoids think of it as a fuddy duddy investment something that can't get out of its own way and bitcoin, the two biggest have made ridiculous fortunes in recent years gold was supposed to be a defense against inflation and governments printing too much money. but in this what have you done more me lately market, let's just say that gold has been a serious disappointment plus, the gold people tend to be sober and serious and most importantly subdued by comparison mark bristow, the ceo of bear acgold, the greatest miner is using $1,700 as his 2021 price target but the five year forecast is for much lower levels. i have to ask you a question, how often do you hear any cryptee backer predict any lower prices bitcoin 46,000 right now and they love to talk about how it

could go to 500 grand in five years time last night set it with -- now i want to cast dispersions but what is the prosseltizing from what she believes it. buy tesla at much lower levels if anyone else is calling for boyt coin at 500 grand, i can't imagine a tough shrewd guy like mark bristow, ceo of barack, ever arguing that gold will be at $17,000 in five year without sacrificing every shred of his hard worn credibility. gold and cryptocurrency are not in competition with each other they do different things cryptocurrency is a speculative that is backed by nothing. not history or government. they trade on faith. if you want a as thaet is volatile, you could do worse gold has scarcity value. not to mention being difficult

to find, the supply goes up 1% per year which means there is never enough around to keep it low for too long and it is proven its worth in gold especially if you're trying to flee from a dangerous place without losing all your assets at the end of the day i'm a believer in gold and crypto. gold against long-term inflation and i regard bitcoin or theory um as a trade. i can't see them as anything more than that because they are volatile maybe cryptocurrency is a store holder value when it goes up but it is a error when it goes down. that is not what i'm looking for in an insurance policy you don't speculate. crypto absolutely has its advantages if you're willing to take on extra risk to chase big gains. but that is very different from protecting yourself. there is absolutely no reason to treat these two things as equivalent they serve different functions

gold value is in timelessness. cryptocurrencio value is in time needness you want to speculate by bitcoin or theory um but do not confuse the two. there is always a bull market somewhere and i proom is to try to find for you here on "mad money. i'm ji the mystery deepens in the search for a 22-year-old missing woman. and awaiting the voters' decision on the california governor gavin newsom. i'm shephard smith. this is "the news" on cnbc the california recall. will it stay or will it go >> i think we need change in this country and especially in this state. >> voters have their say, but will the results be accepted a drenching punch to texas now nicholas stalls over louisiana. >> they're not ready the rules are not ready. >> peopl