In this interview pro mining investor David Erfle provides his commentary on the gold price and junior gold stock sector. He explains why he believes the junior miners have already capitulated and that a slingshot move upwards is coming. 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.
0:00 Introduction
0:45 Gold price commentary
5:20 Watch silver
7:18 Bullish gold unless it breaks 7yr cycle
9:41 Discerning a capitulation bottom
16:23 How significant is short interest in an individual junior?
21:04 Warrants expiring worthless after being deeply in the money
David’s website: https://juniorminerjunky.com/
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8 Comments
So many good points. Something has to give.
Capitulation or just a sh**y investment?
With all the turmoil in politics and military actions around the globe, why put capital at risk, when sideline money can earn 5-5.5%?
I get the inflation tax on cash, but watching equities drop faster than the inflation rate is a wet blanket on holding stocks.
I think when savers start to get punished (again), and rates head south, plenty of cash will flow back into equities.
Low rates + Stimulus cash = "Good Times Roll" (The Cars 1978)
"Too Big To Fail"… Party on Wayne, party on Garth! 🤪
CAPITULATION!! is that a joke?? Silver mining stocks and silver are Less than a poor investment!! PM’s in general. Why would anybody rush in and buy silver? There is no good reason, it’s not going anywhere and you can buy any time!! (CHEAP) You people can put silver, silver usage,Insurance, a hedge, panic 🙀 buying, buying the dip, the Fed, mining, BRICS, Predictions, projections, prophecies where it don’t shine!! I got lucky and married into some people that tell the truth!! Their fourth generation silver miners. Got every ounce they can mine on a contract for 100 years. Tell me there is that many years silver in the ground and more!! Built in Inflation, fuel, equipment, labor costs, every mining cost adjustments imaginable in every contract!! Who are you people trying to bull 💩?? Silver is not going anywhere anytime soon?? Sound advice, buy a couple collector coins. Because they’re pretty to look at. Invest all the rest of the money you can accumulate in real estate!! 🤷♂️😂😂😂
When Hamas ( aka Israel ) attacked Israel.
Fed up of listening to gold is going to the moon commentary.
Difficult to view with these pictures shown and it is not only this channel, but it is only on yt. Producers get reduced to the sound – like in good old radio times. I have more and more listen to only channels on yt. Is this what they call KI?
This is not educative at all but big time stupid. Could you tell us if producers are forced to blend the crap in. Is there button of choice – with or without KI? Shortly I watched a Latinamerica vid and while talking about colonial buildings in Peru they showed the colonial casco from Antigua Guatemala. I find this serious as false info comes over eyes even if right one comes over ears.
At 11:00 Dave talks about 2000 dollar Au – you show a techno crap with a BUY sign then Dave says "stock market" and you show Tokio. Is he trading his juniors there? Bill, please believe my respect for both of you, but this is youknowwhat!
What a joke.I would to be ashamed.