Final Segment 1 Title: 'The Sell Block' .  .  .  .  . Featured Stock(s): Yamana Gold Inc. (AUY*) See AUY's official website here. See the Yahoo! Finance profile for AUY here. CEO Interview: Peter Marrone, CEO 2nd segment picks below...

After this segment, you can see Jim's Lightning Round picks here...

        
Jim's Comments BEFORE the interview:         The market has put gold, and the gold stocks, into a permanent Sell Block... I mean, the stocks have been pulverized.... absolutely crushed.  But the market is really, frankly, not the most edacious judge...  So, tonight, you know what I'm going to do?  I'm busting gold out of the Sell Block... and telling you that, yes, gold is still worth owning... Buy, buy, buy!

What happened to the gold stocks is a classic bull market pullback, and no more... It goes to $1000, and backs up to $900...  That's perfect.

It is not evidence that gold is over.

It's really just the market giving you a great opportunity to buy these stocks at lower prices.  Right now, that buying opportunity is even better, because the IMF (International Monetary Fund) is selling gold...  and that's putting downward pressure on gold prices...

These stocks are all being depressed simply by the decline in gold, okay...  and I want to take the other side of anything... anything the IMF does...  especially considering that, when you sell gold, you're buying paper currency, which is what the IMF is doing...   I don't want to stock up on paper currency right now...

Actually, I like anything that artificially and temporarily lowers the price of my absolute favorite metal.

.  .  .  .  .

Why am I confident that gold still works, when the market has so clearly turned against it?

First of all, the Fed has to cut interest rates more... they have to.  That will make the dollar weaker and gold stronger...

Second, gold is the great way to play the uncertainty of the presidential election, and I predict that people will start buying it for security in uncertain times, sending the price higher.

Remember, I think that gold's going to $1600 an ounce...  There's also the most important reason... we don't have enough of the stuff...  When the IMF announces a big sale, it's absorbed immediately...  

But... and this is a big but...  I have been using a proxy in my favorite one of gold...  Yamana Gold Inc. (AUY*), and everybody knows that...  and I mention this gold stock so often that the market might as well put my face on the Sell Block too.

Is that right?...  Well, AUY* did miss its last quarter...  Today, AUY* released its preliminary 1st quarter numbers... They beat expectations but, again, the company lowered overall production expectations for the quarter.

I'm undecided and, frankly, a bit perturbed...   I think this is such an important stock that I own it for my charitable trust...  and I'm trying to figure out, do I build up a position or not...  I already have a position...   It's about 50-80 cents lower now...

I don't whether to put AUY* on parole, or recommend another Cramer fave gold stock, Agnico-Eagle Mines Ltd. (AEM)...

That's why I've got Peter Marrone, the CEO of AUY*, talking to us tonight from Europe... so we can get more information and decide whether to spring AUY* from the Sell Block...

Mr. Marrone, welcome back to Mad Money...