In this interview pro mining investor David Erfle provides his commentary on the recent 9.1% CPI and what that means for the markets, gold price and junior gold stock sector. He discusses how to discern and take or add to positions at a junior mining stock bottom. David and Bill also discuss the many failed mine developers over the past two years. David specifically shares some thoughts on Rio2 Limited’s denied environmental permit in Chile.
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, whose website attracts nearly a million visits every day.
David’s website: https://juniorminerjunky.com/
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6 Comments
The world of cuckoo
Thanks Bill and Dave, it's Not a good time to be in commodities, except for some Gold, people need to invest in stable cash generating businesses that are price makers and not price takers in Stagflation environment
And once again, the gold price craters following an interview with Mr. Erfle. What gives?
the concept of raising inte5rest rates to stop inflation is insane, all it can do is postpone it, the only thing that reduces demand is contracting population
yeah buddy, we get follow through to the downside
I'm cashed up and watching closely. I'm in Joseph Wang's camp, the Fed has been very clear. They will not waver and hike into recession. Dollar going crazy. This looks like 1929 potential. I may wait forever and miss the bottom, but if there is a credit crisis, everything goes WAY on sale from here. Then I will buy. Fed will suck out way more liquidity over the next 4-5 months thinking they are doing the right thing. I'll start with the majors to secure cash flowing companies.