As 2oversold.com celebrates the opening of its new Investor Community some may ask…why? With the big boys like Yahoo, and Raging Bull why would a small site like 2oversold try to compete in this area?
The answer is simple. We are not trying to compete. We are attempting to bring back what was once a big [...]
Northgate Minerals (NXG) is showing signs of breakout. This could be due to the fact they reported in a news release that earning would top expectations or it simply could be that all gold mining stocks are getting some investor attention now that gold seems to have resumed its up trend.
The volume in the last [...]
2oversold.com started out as a blog for individual investors to sound off about the economy, individual companies or any other topic of interest related to the markets.
We have now expanded the services we offer our reader to a full community. Unlike many sites we provide our members with a complete community. Some of the [...]
Today the market only lost 82 points. And some may say that the rally was needing a break and that a pause here is healthy. I say if you’re in this camp, you have taken your eye off the ball.
As we have blogged many times here at 2oversold.com we do not believe this rally [...]
Gold and silver is on the move this morning with both trading up nicely. This could simply be a bounce from oversold levels or it might be an indication that the markets are ready to resume the downtrend and if that is the case then I expect both gold and silver will continue strong throughout [...]
The markets appear on the surface to be trying to put in a bottom or so one would think. The DOW finished the week at 8131 which is another week above 8000.
So at what point would 2oversold.com say, “Yup, we was wrong on the DOW 4600 projection and the markets are going [...]
Northgate Minerals (NXG) today announced they would exceed 1st qtr production forecast on an average of $392 cost per ounce production. (about 22% lower than previous guidance. )
Here is the headline:
4:55PM Northgate Minerals reports Q1 production (NXG) 1.29 +0.01 : The co reports 2009 gold production and net cash cost for the Fosterville [...]
As I have stated in other blogs I visit the financial discussion boards often and lately Northgate Minerals (NXG) one of the gold stocks we blog about has come under some heavy bashing by a poster. Now to be fair message boards are notorious for this type of behavior both from those hyping a company [...]
The DOW rallied 250 points Thursday to close out the trading week slightly above 8000 once again. So why such a nice gain heading into a long weekend?
The earning pre-announcement from Wells Fargo (WFC) was the catalyst. This announcement sent the markets higher and the stock of Wells Fargo soaring to a 31% gain on [...]
The next act to “fixing” the markets appears to be shaping up. We have seen the bailouts. We have seen the Fed drop interest rates to near Zero and now there is talk of replacing some of the companies that were once pillars of the DOW which now trade like penny stocks.
The idea of course [...]