Investing News, Released on 4/6/21 (Recorded on 3/31/21)

0:00​ – Intro
0:19​ – Factors holding the gold price back
2:58​ – What to look for from the Fed
5:05​ – Where is the bottom for gold right now?
7:48​ – GDX and GDXJ performance
9:23​ – Capital markets “extremely friendly”
11:03​ – Gold market M&A potential in 2021
14:24​ – Juniors drilling, watch area plays
16:55​ – What David looks for in a junior
18:53​ – Final advice and outro

Q1 2021 has been and gone, and for gold it was a period of downward momentum. The yellow metal fell about 10 percent to close the quarter around US$1,710 per ounce.

David Erfle, editor and founder of Junior Miner Junky, said he views gold’s price activity as a “healthy correction” from last summer’s all-time high.

“What we started was a very healthy correction. If we would have had just a correction down to maybe US$1,800, US$1,900 and then it took off again, then it would have been a problem later on because we would have had a strong(er) correction,” he explained.

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.