NXG & AUY Nears A Double - What To Do?

Unless we get broadsided today at some point it appears both Yamana Gold and Northgate Minerals will provide investors with a near double since 2oversold.com first blogged about them.

Our first gold stock blog was on Yamana Gold (AUY) on Nov 6th, 2008 when it was trading at $4.67. (Read that blog here: Yamana Gold) Today in premarket AUY is trading +.52 at $8.24.

On Dec 28th, 2008 we blogged our opinion on Northgate Minerals (NXG) then trading at a mere .77. Today in premarket NXG is trading +.08 to $1.27. (Read NXG Blog here: Northgate Minerals).

So with both of these companies trading at near doubles from our blogs (and solid doubles off their lows) what is the investor to do?

Simply put and as we stress many times 2oversold.com does not give investment advice nor do we make any recommendation as to when to buy, sell or hold. But in our opinion these gold stocks are finding support because of the economy and the uncertainties in the markets. We do not see this changing anytime soon.

But each investor at some point in time is faced with this decision. Do you take profits or do you hold on to you winners? That is a decision that we all love to have.

Congratulations to both of the companies and their investors for an amazing performance over the last 30 days!

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.