originally published Thursday, December 14, 2023

All Gold & Silver Stocks

We first bought Vista Gold early in November since which time it has been basing with some wide fluctuations as we can on its latest 6-month chart below. It reacted back on the sector dip following gold’s failed breakout attempt at the end of last month and appears to have yesterday made a Double Bottom with its mid-November lows, although it hasn’t quite gotten to those lows, but considering the dramatic sector reversal yesterday it is thought likely that it will take off higher again from here. Although it didn’t rally much yesterday it put in a bullish “dragonfly doji” on its US chart and an even more bullish candle on the Canadian chart so it looks like it will get moving soon and is rated an immediate buy here. Note that the stock of the Canadian traded shares is considerably more bullish with a volume buildup in recent weeks and a strong Accumulation line.

Vista was the subject of a buy alert email sent out earlier today.

Vista Gold website

Vista Gold Corp., VGZ, VGZ.TSX, closed at $0.33, C$0.47 on 13th December 23.

Posted at 9.25 pm EST on 14th December 23.

The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stockmarket analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.