The KE Report, Released on 7/7/26

In today’s Daily Editorial, we chat with Dave Erfle, the founder of the Junior Miner Junky, to break down the latest price action in the precious metals sector. With gold and silver emerging from a multi-month pullback, Dave shares his technical outlook, major support thresholds, and the historical cycles keeping long-term investors grounded. This episode features an overview of key market indicators and sector ETFs, including GDX and GDXJ.

00:00 Gold and Silver: Support Levels and Seasonality
03:20 Big Picture Bull Market
04:36 Bear Market or Base?
05:50 Miners Divergence and Juniors
09:16 Cycle Risks and Froth
11:26 Macro Drivers and Patience
15:33 Upcoming News Flow Catalysts
18:14 What to Watch in Earnings

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, gold miners, investing, precious metals, silver, silver miners