David Erfle - Gold Market Commentary – Tue 26 Sep, 2017

Options expiration day and comments on Novo’s presentation yesterday

The Junior Miner Junky, David Erfle, joins me today to discuss the pullback in gold and another jump in Novo’s share price. For gold this pullback was expected and seems to consistently happen on options expiration day. This also happens after political stories move the price the day before. As for Novo, Quinton presented at the Denver Gold Show yesterday with a live stream. It could not have gone better as the share price shot up and is holding those gains.

Click download link to listen on this device: Download Show

If you missed the presentation here it is…


David ErfleCory Fleck
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  1. On September 26, 2017 at 10:37 am,
    CFS says:

    There are a lot of ill-informed investors in gold and NO regulation, so the commercials can maximize their profits………until they fail.

  2. On September 26, 2017 at 10:47 am,
    CFS says:
    • On September 26, 2017 at 3:02 pm,
      FundamentalAnalysis says:

      They have some diamond exposure via Diavik….which is a pretty big cash flow contributor sandstorm. Tsodillo I think this is the company which had a huge land package….

  3. On September 26, 2017 at 11:21 am,
    CFS says:

    I find it interesting that banks and commercials depress the price of gold and silver…..


    JPMorgan currently holds 650 million oz of silver,
    Goldman Sachs is believed to currently hold 1,200 tonnes of GOLD.

  4. On September 26, 2017 at 11:45 am,
    b says:

    doesnt look like too many people are interested in novo.
    maybe thats a good thing.

    • On September 26, 2017 at 12:08 pm,
      Matthew says:

      Yeah, it has only traded about $100,000,000 in shares in the last three weeks. 😉

      • On September 26, 2017 at 12:10 pm,
        Matthew says:

        This is obviously a terrible comparison but IPT traded about $2,000,000 in the same period.

        • On September 26, 2017 at 7:10 pm,
          Skeeta says:

          De Grey DEG.ASX borders Novo property and is up big time today,
          I’m extremely happy, will have a few beers to celebrate tonight.

  5. On September 26, 2017 at 11:51 am,
    CFS says:

    an Brodrick talks to Colorado Resources:


  6. On September 26, 2017 at 12:10 pm,
    Bob UK says:

    If the USD is starting a rally then PM’s will be heading down and presumably will so be Novo.

    People might say that they will not sell but if we get gold dropping 50 or 60 bucks in the coming weeks most of the miners will be hit.

    • On September 26, 2017 at 3:35 pm,
      Silverdollar says:

      I’ve learned that a stock won’t usually goes down only if I own it. I don’t have any Novo yet so I’m looking for it to hang up there or fall relatively light in comparison with the ones I do own.

      • On September 26, 2017 at 3:36 pm,
        Silverdollar says:

        Terrible typing! “a stock usually goes down only if I own it.”

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