Never Chase Runaway Gold Stocks says David Erfle

MiningStockEducation.com, Released on 1/26/20

In this interview, professional mining investor David Erfle, the Junior Miner Junky, reminds mining speculators to never chase runaway gold stocks. He provides commentary on the recent price action in the precious metals and junior miners. David lifts up potential investing opportunities under a Biden administration and offers his thoughts on copper drill plays. Finally, he shares practical advice for wealth preservation amidst a global move towards sovereign-controlled digital currencies.

0:00 Introduction
0:58 What direction are the metals and miners headed?
5:17 Has gold peaked?
6:40 2008-2011 gold stock retraces
10:02 Investing opportunities a Biden admin brings
12:35 Never chase mining stocks higher
13:12 Understanding the Lassonde curve re: drill plays
16:12 Copper drill plays
17:20 Threats to preserving wealth

David Erfle is a self-taught mining sector investor. He stumbled upon the mining space in 2003 as he was looking to invest into a growing sector of the market. After researching the gains made from the 2001 bottom in the tiny gold and silver complex, he became fascinated with this niche market. So much so that in 2005 he decided to sell his home and invest the entire proceeds from the sale into junior mining companies. When his account had tripled by September, 2007, he decided to quit his job as the Telecommunications Equipment Buyer at UCLA and make investing in this sector his full-time job. David founded the Junior Miner Junky subscription-based newsletter in April, 2017 and writes a weekly column for precious metals news service Kitco.com.

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