Dave Erfle – Technical Outlook On Gold, GDX, GDXJ, Silver, And the PM Juniors

The KE Report, Released on 1/19/24

Dave Erfle, Founder and Editor of the Junior Miner Junky, joins us to review the technical setup in #gold, #GDX, #GDXJ, and #Silver, as well as the health of different segments and stages of the #PreciousMetals equities. Dave wants to see a decisive close above $2100 to signal that a true breakout is in order, but also mentioned it may take a move up higher to a $2500 target to really get some upside momentum going in the junior mining stocks. We get into a lot of different nuances of investing in the precious metals equities, the cyclicality of the sector, and where Dave sees the biggest opportunities moving forward.

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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