'If It's Gold, It's Going Higher' — But Cramer Isn't Backing New Gold

Group 1: Globalstar, Inc. (GSAT) - Globalstar reported better-than-expected second-quarter financial results, with earnings of 13 cents per share, surpassing the analyst consensus estimate of a loss of 5 cents per share [1] - The company achieved quarterly sales of $67.148 million, exceeding the analyst consensus estimate of $63.138 million [1] - Following the earnings report, Globalstar shares gained 3% to settle at $32.09 [4] Group 2: New Gold Inc. (NGD) - New Gold reported quarterly earnings of 11 cents per share, beating the analyst consensus estimate of 9 cents per share [2] - The company reported quarterly sales of $308.400 million, which fell short of the analyst consensus estimate of $323.700 million [2] - New Gold shares fell 4.6% to close at $6.43 [4] Group 3: Agnico Eagle Mines Limited (AEM) - Jim Cramer expressed a preference for Agnico Eagle Mines over New Gold, indicating a positive outlook for the company [2] - Agnico Eagle Mines shares fell 0.9% to settle at $152.40 [4]