Cramer did not change his bullish call on Sandstorm made just weeks ago in the 'Lightning Round'.
Under the pressure to remember quickly, he struggled to get words out about why SandStorm was his only buy recommendation in the gold space. Finally he said 'it's good, but the risk is if gold prices fall significantly, then drilling would decline.'
Cramer did not state a change from his recent 'Buy' rating He stated 'it's good', then discussed the only known risk which is self evident. And Cramer does not think gold is set to decline with QE3, projected deficits, money supply growth and monetary inflation, real interest rates, etc.
Recommend the author view the tape and get the story right. Cramer did not say 'sell' Sandstorm. He said 'it's good'!
If after verifying what I've said, you still do not interpret Cramer based on what he said, then I suggest you call him to clarify his statement before posting a false 'sell' signal which apparently everyone believed even though Sandstorm had a fantastic quarter and has streaming contracts worth a net $2.4 Billion after upfront payments.
SAND share price will rise to $30+ even with no additional streams and if current partners find no additional gold. With the current rate of deals and minimal additional resource growth on current deals, SAND will rise beyond $50 within a few years.
Stockhouse.com: Taking
it to the street
