David Erfle - Gold Market Commentary – Tue 23 Oct, 2018

The Strategy Behind Buying Metals Stocks During This Rebound

David Erfle, Founder of The Junior Miner Junky has been purchasing some metals stocks over the past couple weeks. We discuss his strategy and a couple of the stocks he is adding to his position. In no way a time to be all in it is important to be following the good stories and picking your spots. We also discuss the changes in the CoT reports and possibility of gold and the USD to move up together.

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Featuring:
Dave ErfleCory Fleck
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Comments:
  1. On October 23, 2018 at 10:56 am,
    Snowy says:

    I’ve been following Caterpillar for a while. They seem to be one of the only companies that have a finger on the pulse of inflation. Their earnings calls have consistently spread the message that inflation is coming, materials costs are higher, and the street has acted somehow surpised each quarter. They continue to see demand, but alongside higher costs.

    https://www.cnbc.com/2018/10/23/caterpillar-earnings-q3-2018.html

    • On October 23, 2018 at 11:29 am,
      Charles says:

      Thanks for posting the Cat article. It is interesting that they are still having revenue growth, but the material cost increases caused by tarriffs is more than offsetting the revenue gains. I think we will be hearing more storries like this over time.

  2. On October 23, 2018 at 11:12 am,
    Charles says:

    As always good stuff from David Erfle.

  3. On October 23, 2018 at 11:16 am,
    Charles says:

    Also good commentary from Stewart Thomson in the below link. He posted some good charts of Gold and GDX charts and some interesting commentary on the general stock market.

    http://www.321gold.com/editorials/thomson_s/thomson_s_102318.html

  4. On October 23, 2018 at 11:32 am,
    JDSU says:

    The Dow probably bottomed today.

    Expect a breakout sometime in early 2019. The next leg up should be a doozy.

  5. On October 23, 2018 at 11:35 am,
    Silverdollar says:

    Things didn’t look to bad this morning while the equity mkts. were making their swoon. Dow has recovered 80% now and gold has lost about 6 bucks on the spot.
    Still looks like to me the dip buyers are active yet and will be until they’re not. Long term I like the statement by Chris Kimball: “Short the S& P and go long gold miners time?” https://kimblechartingsolutions.com/2018/10/short-sp-500-go-long-gold-miners-time/? JMO. Good to hear David is buying lightly. utm_source=ActiveCampaign&utm_medium=email&utm_content=Short+the+S+P+500+and+Go+Long+Gold+Miners+Time%3F&utm_campaign=Daily+Kimble+Blog+Posts+RSS

  6. On October 23, 2018 at 11:52 am,
    b says:

    gold is nutin to get excited about yet, other than bobs comments for novo investors.

    Oct 23 Irving Delivers, Market Yawns Bob Moriarty 321gold

    canopy had some excitement with a good thrashing from about 70, a bit of a bounce from about 49 happening.
    we shall see but i dont believe sales justify a 70 dollar share price at this time.

    uranium and platinum seem ok to me, but whatdoino?

    All demand for gold is still being met, when does the shortage balogna start again?

    Maybe it takes a new generation to fall for that, might explain why gold spikes every 20 years.

    Good to get the David Erfle comments, thx for everything Cory.

  7. On October 23, 2018 at 12:10 pm,
    JDSU says:

    $USD looks very bullish on the weekly chart.

  8. On October 23, 2018 at 12:13 pm,
    GH says:

    Great comment from Jim Sinclair over at jsmineset:

    “The CIA economic moron blew this one. He, not her, might have blown the USA economically, all to hell.
    The genius that suggested the premature use of a weaponized SWIFT to the CIA Noodle Factory 7th floor management to use it on a nothing burger is the ASS HOLE of the Century.
    You think he might have asked us or subscribed because at the end of the day he put the USA in ultimate currency shit hole.
    Can a CIA guy be demoted to a private from a general after he retires?
    You know they all have ranks.
    Jim”

    Foreign Banks Are Embracing Russia’s Alternative To SWIFT, Moscow Says
    October 21, 2018
    https://www.zerohedge.com/news/2018-10-19/foreign-banks-are-embracing-russias-alternative-swift-moscow-says

    • On October 23, 2018 at 2:12 pm,
      b says:

      Ya gotta wonder if its planned out on some level most people dont see.
      Just strange how it looks like Trump is acting to force nations to drop the dollar.

      Just seems intentional to me.

      • On October 23, 2018 at 4:37 pm,
        RICHARD/DOC says:

        b, I’ve been wondering the same thing.

        • On October 23, 2018 at 4:38 pm,
          RICHARD/DOC says:

          It should certainly help our export market.

      • On October 23, 2018 at 5:07 pm,
        GH says:

        Well, Trump is a suck-up to the Talmudists, and they have their twisted agenda in which everything is a house of mirrors. So it would be about par for the course.

  9. On October 23, 2018 at 1:03 pm,
    JDSU says:

    more ugly action in the silver miners today. Many of them a hair’s breadth away from breaking down on the weekly charts.

    If they do pop up in the next week or two, it won’t be long lived. Just is likely is that they just break down here, along with silver.

  10. On October 23, 2018 at 7:02 pm,
    Excelsior says:

    There were some really good questions from Goldfinger and some great responses from Bob M. in this recent editorial where they cover Westhaven, Great Bear, Novo Resources, Garibaldi, and some of the political theater on the global stage.

    Worth the quick read:

    ________________________________________________________________________

    Bob Moriarty: I Think We’re Seeing The Start Of The Real Crash

    by Ceo Technician (Goldfinger) 23 Oct, 2018

    http://energyandgold.com/2018/10/23/bob-moriarty-i-think-were-seeing-the-start-of-the-real-crash/