Gold Stocks Shine - Mad Catz Holds Recent Gains

Today saw the DOW close off slightly with both the Nasdaq and S&P finishing in the green but the real story I think were some companies recently highlighted here on 2oversold.com..

Keep in mind that no one affiliated with 2oversold.com is a professional in the markets and our thinking is fairly simple. And that is companies that provided value to the consumer or a haven will do well in hard times.

Yes we realize there are many opinions as whether gold really provides any sort of haven but in our opinion most investors will turn to the precious metal as the market continues to weaken. With that in mind let’s recap a few of our recent blogs:

A recap of recent 2oversold.com blogs that in our opinion fit “value to the consumer and safe haven”

Value To The Consumer

Mad Catz Interactive - ( MCZ ) closed today at .42 ( -.01 ) after seeing their shares jump about 50% during the first few trading session of 2009. Mad Catz closed the last day of 2008 trading at .30. Mad Catz pulled back from the intra-day high of .45 to close down .01 on the day.

As readers of 2oversold.com already know we made Mad Catz our pick to outperform all the stocks in the gaming sector in 2009. We think the economy will turn out to be a lot worse off than most people realize and if so that is yet to be factored into the markets. It is our opinion that companies such as Mad Catz that provide quality products and consumer value will be winners in this economy. We have blogged several times about Mad Catz over the last few months and readers may want to do a site search for all articles where Mad Catz was mentioned in order to get an overall view of our opinion on this company for the coming 12 - 18 months.

Our Gold Stocks Shine

Yamana Gold (AUY) - We originally blogged about Yamana Gold on Nov 6th, 2008 (view that blog here) when it was trading at $4.67 a share. We voiced our opinion that given the uncertainties in the market place we simply felt that was 2oversold and thought the individual investor might want to take a look.

Today Yamana Gold (AUY) tacked on another .39 to close the trading session at $7.16. I continue to hold the same opinion of Yamana Gold as I did in the original blog. I think Yamana Gold will continue to do well as the market continues to weaken and the economy continues to suffer through the recession.

Western Goldfields Inc. (WGW) - Western Goldfields added 12% (+.17) to finished the trading session at $1.58. Much as with Yamana Gold we think this company is 2oversold at this level and expect it also will continue to excite investors in over the next 12 - 18 months. You can read more about Western Goldfields in our blog : Western Goldfields

Northgate Minerals (NXG) - Northgage Minerals (NXG) added .10 to close at .94 today. Our first blog on Northgate Minerals found it trading at .77. We like this one for the same reasons as both Yamana Gold and Western Goldfields but with an added bonus of its copper exposure. As we all know copper has lagged the markets and any substantial move in the metal could make Northgate Minerals a nice little gem to have in your portfolio.

2oversold.com is a blog for the individual consumer and private investor. We are not experts in the markets nor do we make any recommendations of any company. The companies we blog about are discussed for the purpose of this blog only and this should not be considered as investment advice.