The Deep Dive, Released on 2/1/23
Joining us on The Daily Dive this afternoon is David Erfle, founder of JuniorMinerJunky.com. Today on the show, David dives into what’s happening with gold: miners’ performance relative to the precious metal, his gold price projection for this year, and why China’s central bank — and the rest of the world’s — is buying so much gold? What are they preparing for? David also gives his outlook on junior miners and the miners he’s following now.
00:19 Where is inflation going in the medium term?
01:23 Positions in this current market
02:06 US debt ceiling — does the debate matter?
03:44 The end of the Petrodollar?
04:52 Miners’ performance relative to the price of gold
06:18 Outlook on junior stocks in 2023
07:46 Why is China — and the rest of the world —buying so much gold?
10:06 Gold price projection
11:59 Names he’s following right now
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.