The KE Report, Released on 1/26/24

Dave Erfle, Founder and Editor of the Junior Miner Junky joins us to recap the US inflation and GDP data from this week, major and mid-tier mining companies production reports and chart levels to watch for GDX, GDXJ and silver. Inflation data showed a continued slowdown while GDP surprised to the upside. This, of course, ties into Fed rate cut expectations which have moderated throughout this month. Many major and mid-tier miners released production data from Q4 with 2024 forecasts, showing continued production growth. Unfortunately it’s not translating to higher prices so we have Dave look at the GDX, GDXJ and silver charts to outline key levels.

0:00 – Inflation and GDP data recap
3:45 – Will the Fed start cutting rates before a shock to the markets?
6:43 – Major and mid-tier mining company production numbers
9:55 – A focus on mid-tier miner margins vs stock prices
13:02 – GDX and GDXJ technical levels to watch
14:04 – Silver outlook

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, gold, mining stocks, precious metals