Junior Gold Stock Fire Sale Probably Over says Pro Mining Investor David Erfle

MiningStockEducation.com, Released on 5/18/21

The junior gold stock fire sale is probably over says pro mining investor David Erfle. David sees generalist investors not only moving into gold stocks but also moving down the food chain within the gold sector looking for value which they’ll find in the junior gold stocks relative to the majors. David provides his gold price commentary. He also discusses the significance of Newmont breaking out to all-time highs even though the gold price is about $200 less than its all-time high. David also offers insights regarding investing in developers.

0:00 Introduction
0:50 Gold price commentary
5:02 $NEM all-time high significant
8:39 $NEM outperforming Barrick Gold
9:57 Developers’ input costs rising
13:58 Investing in feasibility-stage developers
18:03 David’s subscription service info

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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