The KE Report, Released on 3/11/25

Dave Erfle, Editor of the Junior Miner Junky, joins us to discuss all the volatility in markets as a result of both geopolitics and the economic uncertainty about the global trade wars underway. Gold, silver, and the precious metals stocks continue to be well bid and diverge from the continued decline in US stock markets. He believes this illustrates a rotation in capital as investors pull profits out of the highly-valued tech stocks and cryptocurrencies, and park some of it the safe haven of precious metals. With regards to the gold it is continuing to be well bid above $2,900 but is overbought on the weekly and monthly charts and may be due for a rest. However, it is encouraging to see silver blast back up above the $33 level, and Dave notes some key overhead resistance levels in GDX and the ratio of gold to US equities that both look ready to break higher in a bullish posture. Additionally, we note the strength lately in a number of the silver stocks as another indicator that silver and the PM stocks may be signaling an extension of this bullish leg higher. Wrapping up we discuss some nuances around which type of companies are continuing to get bids from investors. He points out that this is not a scenario where the whole sector is rising higher, and it is still important to pick quality stocks with the right fundamental ingredients. Another point raised is how critical it is for resource stocks to get their US listings on a big board exchange, allowing a larger pool of American capital and institutions to drive additional liquidity into their shares. Dave explains that he had a systematic approach and investing rules in place to keep him optimally positioned within his portfolio positions.

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.

  David Erfle