Pro Investor David Erfle describes how western investors have finally rediscovered gold and gold stocks. He shares why silver may be a good reversion-to-mean trade right now. Dave explains how some junior gold stock speculators have capitulated and sold due to the recent volatility. He shares his observation regarding recent junior gold stock sentiment and teaches what he is currently looking for in a PEA-stage gold developer.
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
0:31 Gold and Silver
5:35 Asians sell gold jewelry
6:28 Trump vs Powell
8:46 Gold exploreCos
10:24 PEA-stage developers
11:45 Selling in a gold bull market
13:21 “Be right, sit tight”
14:13 Resolution Copper
16:05 Junior gold stock capitulation
18:58 JMJ sentiment indicator
David’s website: https://juniorminerjunky.com/
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