'The charts, as interpreted by Carley Garner, suggest that the recent rallies in gold and silver are very precarious,' the 'Mad Money' host said.
For investors looking to make a long-term play on the space, he recommends buying"The charts, as interpreted by Carley Garner, suggest that the recent rallies in gold and silver are very precarious," the "" host said. "She thinks they could both have one last leg higher, and it might even be substantial, but after that she expects the precious metals to come plummeting back to earth.
Trillions of dollars in emergency spending from the federal government and money printing programs carried out by the Federal Reserve contributed to a devalued dollar, he said. Garner is co-founder of DeCarley Trading and the author of the book "Higher Probability Commodity Trading." Garner can see the price of gold could rise as high as $2,000, or potentially $2,300 in another scenario, before hitting its peak, Cramer said.
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