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3 Gold Stocks That Are Breaking Out

Gold miners are joining what looks to be the first major breakout in precious metals since August

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Vista Gold (VGZ)

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Vista Gold (VGZ) is an acquisition-and-exploration-stage gold company focused on projects in Australia, Mexico and Indonesia, as well as California and Utah. In October, the company sold its Las Cardones gold project in Baja California Sur.

Vista Gold was originally the parent holder of Allied Nevada’s assets until ANV was spun out in 2007. Now, the company is focused on its Mount Todd property in Australia, which is the largest undeveloped gold resource in Australia.

VGZ stock has fallen from a high of $4.60 a share to just 47 cents now — a whopping 90% decline! A return to the 200-day moving average now would be worth more than a 100% gain from here.

Article printed from InvestorPlace Media,

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