A Potential Gem For Investors As Vista Gold Is Now Far Undervalued

As many of my readers know, gold and silver have pulled back significantly from their recent highs hit on October 4th this year. Gold and silver rose significantly following global central bank actions in August and September. Traders are continuing to take profits as the fear of a capital gains tax hike rises from the stalled fiscal cliff negotiations in Washington. At the time of this writing, the most popular gold and silver ETFs, the SPDR Gold Trust (GLD) and the iShares Silver Trust (SLV) are down 4.4% and 6.9% in the last three months, respectively. The ETFs that track the miners of these metals such as the Market Vectors Gold Miners ETF (GDX) and the Market Vectors Junior Gold Miners ETF (GDXJ), are down even further in the last three months compared to the metals they produce, losing 14.1% and 14.3%, respectively. In contrast, the Global X Silver Miners ETF (SIL) is down about the same as silver itself, losing 7.2% in the last three months. Given this selloff and the long term-tailwinds that gold and silver prices have due to central bank stimulus, I have opined that a buying opportunity has arisen for the long-term investor in silver and silver companies, as well as the best of breed gold stocks. In the present article, I highlight a