Financial Survival Network, Released on 8/5/21 (Recorded on 8/4/21)

We just went through the usual precious metals bottom in late July, early August. Volume on juniors is completely anemic. GDXJ has double bottomed which is usually a very bullish sign. David Erfle sat down with us to give an update gold, silver and mining stocks. Mining stocks have continued to go down leading to investors take tax losses in the summer, which is quite unheard of. David says this is the exact time when the opportunity in the sector is greatest, at the bottom. Therefore, you need to have a watch list and be ready to pounce. The juniors are in particularly strong position now. Since the last move up, they’ve cashed up and are ready to go. Drilling programs are happening right now and results are being release. There’s lots of value in the sector. Of course it’s always possible we could have another down leg that drops gold to 1600-1650. in this sector you never know. However, = if gold stays above 1750 it will soon be off to the races. The Fed is working overtime on pushing gold prices higher. It finally admitted what we all know, inflation is here to stay, and with its decision to not raise rates or taper, the secret is out of the bag.

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, investing, miners, mining, precious metals, silver, stocks