In this interview pro mining investor David Erfle provides his commentary on the gold price and junior gold stock sector. 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
It's interesting to see the silver price going up 60% from ($16.50 to $26+) in the last 5 years, while the SIL fell roughly 5%.
Liquidity tightening seems to be topping the fundamentals behind the precious metals, and other commodities.
END THE FED. Gold and Silver are the ONLY Constitutional money. Investing in miners has been absolutely brutal for over the past decade. I am fully invested in metals/miners. Having "patience" is an understatement. One must be an all out masochist to stay invested in miners. If these stocks ever rise, all my gains will have not been worth the road traveled in this sector. Finance is a very, very ugly world.
Miners ⛏️ continuing to suck ass…no shock there…still down huge from silver "squeeze" 2020 3 yrs pissed away in this misery of 💩 & ☠️ of a sector…. Nothing is ever bullish for it 🤡🌎
David is wrong implying that the inflation we have experienced was caused by the war in Ukraine. Commodities bottomed in 2020 and peaked about the time the Ukraine war began, so his inflation analysis is just dead wrong. Commodities went up and will continue going up because they have been under invested in and down for since around 2011. Commodities are in the early stages of a commodity super cycle. Further, gold was slammed back because the banks were heavily net short in the upper $2000s. The miners as measured by GDX have been linked by the algos to silver for some time now and are connected at the hip. There is no fundamental reason GDX should completely track silver, but it does (over lay them on a chart). Analysts like David will never have good calls until he understands and acknowledge that these markets have changed drastically from even 5-10 years ago, and the precious metals trade the way they do because of the proliferation of HFT and algorithmic trading, not on fundamentals.
Got some NEM and been DCAing as of April.. But I do think ANDE (not mining but food) is a good second stock to grab for diversity reasons.. But I I'm also kinda bullish on the news coming out of I 80 gold too, ticker IAUX… Any hints anyone want to drop my way would be helpful.. 😎👍
Go gold 🥇