David Erfle - Gold Market Commentary – Tue 10 Apr, 2018

Don’t Sell Your Metals Stocks Because The Sector Is Boring

David Erfle, Founder of The Junior Miner Junky joins me today for another look at the PM sector and the stocks. He points out a number of factors that have him optimistic for a near term break out. Some of the these factors include… GDX trading at a level similar to early/mid 2016 when gold was $150 lower, a 9 week rounded bottom for GDX, and extremely low volume. We also discuss a Company that we both like a lot and continues to breakout.

Click download link to listen on this device: Download Show

Click here to visit David’s site for more junior stock commentary.


Featuring:
Dave ErfleCory Fleck
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Comments:
  1. On April 10, 2018 at 10:45 am,
    Matthew says:

    I haven’t listened yet but the title of the segment is all you need to know.
    The action in Canadian dollar is very supportive of near term increasing strength in the miners…
    http://schrts.co/QFSB5r

  2. On April 10, 2018 at 12:28 pm,
    Buzz says:

    Nice move in LODE today

  3. On April 10, 2018 at 2:23 pm,
    Buzz says:

    GSS looking like good value down here

  4. On April 10, 2018 at 2:59 pm,
    CFS says:

    OSISKO INTERSECTS 40.8 G/T AU OVER 4.1 METRES AT WINDFALL

    Osisko Mining Inc. has provided new results from the continuing drill program at its 100-per-cent-owned Windfall Lake gold project located in the Abitibi greenstone belt, Urban township, Eeyou Istchee James Bay, Quebec. The 800,000-metre drill program combines definition, expansion and exploration drilling in and around the main Windfall gold deposit and the adjacent Lynx deposit (located immediately northeast of Windfall).

    Significant new analytical results from 31 intercepts in 14 drill holes and six wedges focused on infill and expansion drilling in the Main Windfall Lake deposit.

  5. On April 11, 2018 at 1:56 am,
    Excelsior says:

    Worst sentiment in the last decade? Just a matter of time before a short covering rally in silver

    by @Samson on April 10, 2018

    https://ceo.ca/@samson/worstsentiment-in-the-last-decade-just-a-matter-of-time-before-a-short-coveringrally-in-silver

    • On April 11, 2018 at 3:00 am,
      Excelsior says:

      good longer term view of the Silver chart by a technician @ylr over at ceo:

      @ylr – “$Silver Monthly”

      http://cdn.ceo.ca/1dcq4ob-Silver.png

  6. On April 11, 2018 at 2:41 am,
    Excelsior says:

    Bundesbank Pulls All Stops to Show Germans Their Gold Is Real

    April 10, 2018 – Carolynn Look

    “If Germans have any doubts about the authenticity of their gold — and some of them really do — their central bank is doing all it can to qualm their concerns.”

    “Germany’s Bundesbank this week launches a nearly six-month exhibition on gold, which will showcase the most interesting gold bars and coins in the central bank’s collection. That follows its release earlier this month of a book on “The Gold of the Germans”, which “for the first time shows readers the gold bars in such a way as if they were held in their own hands,” according to board member Carl-Ludwig Thiele.”

    “The subject of the country’s reserves became particularly heated during the years of the sovereign debt crisis, when lawmakers and members of the public began to wonder why it had taken so long to repatriate the Bundesbank’s gold amassed during the post-war boom. Since then, the central bank has made an expedited effort to bring them back home, and it also made a short documentary on the subject.”

    https://www.bloomberg.com/news/articles/2018-04-10/bundesbank-pulls-all-stops-to-show-germans-their-gold-is-real

  7. On April 11, 2018 at 2:57 am,
    Excelsior says:

    @Goldfinger – “Bloomberg Commodity Index $BCOM breaking higher:”

    http://cdn.ceo.ca/1dcpm1r-BCOM_Daily_4.10.2018.png

    • On April 11, 2018 at 2:59 am,
      Excelsior says:

      a good follow up chart with the support trend-line drawn in by a user @11 on ceo:

      ___________________

      @11 – “Goldfinger well we certainly know where Resistance is waiting on the Weekly $BCOM chart. $GOLD, $SILVER, $OIL which today is the main driver along with $COPPER”

      https://tinyurl.com/y9mbtum8