Dave Erfle – As Gold Breaks Out, Buying Gold Stocks On Pullbacks Using A Bull Market Playbook

The KE Report, Released on 3/8/24

Dave Erfle, Founder and Editor of The Junior Miner Junky, joins us to for a nuanced free-form discussion that starts off looking at the breakout in the gold price over the last 2 weeks, how silver and the precious metals mining stocks have been responding, and number of insights on how he is going to be positioning in his portfolio switching to a bull market playbook. Dave points out that with gold getting overbought, that he is expecting a near-term pullback, and that he wants to watch closely how the gold stocks react, and if they’ll start outperforming and advancing relative to the metals prices. Additionally, Dave wants to see a definitive monthly close above $2100 to confirm the technical breakout in the sector. We also get into the importance of companies messaging around their permitting timelines, why access to capital is still critical, and how he is balancing out both beta optionality with alpha catalysts in the junior mining stocks. Wrapping up we look ahead to the macroeconomic movers on his radar.

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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