David Erfle - Gold Market Commentary – Tue 8 Jan, 2019

What Has David Optimistic About The Gold Sector?

David Erfle, Founder of The Junior Miner Junky joins me to share the factors that have him optimistic about the metals sector. He is looking mostly at the silver price and the action in some of the juniors as signs that more money is entering the sector.

David Erfle on the strength in gold stocks

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  1. On January 8, 2019 at 12:41 pm,
    Robert Grierson says:

    Hi David

    From time to time you mention ‘stink bids’ and I was wondering what guidelines you use when setting your price target and duration. Sometimes a stock will drop 40 percent in one day when a poor drill result comes in. That could put you down 20 or 30 percent out of the gate.

  2. On January 8, 2019 at 3:06 pm,
    David Erfle says:

    Hey Robert,

    I use company valuation metrics and also base decisions on how the sector is trading. Tax-loss selling season in December and June/July is the best time for stink bids. During tax-loss season, company fundamentals do not factor into investors reason for selling and the sector is usually ignored by most during the “summer doldrums” in June/July. Best of luck.

    • On January 8, 2019 at 4:31 pm,
      Excelsior says:


    • On January 9, 2019 at 12:50 am,
      Robert Grierson says:

      Hi Dave

      Thanks for the feedback. How low below the spot price do you usually go? 10%? 20%?

  3. On January 8, 2019 at 5:10 pm,
    Sammy says:

    David, What is jr producer name u mention?

    • On January 9, 2019 at 11:56 am,
      David Erfle says:

      Companies mentioned were Teranga Gold (TGZ.TO) & Americas Silver (USA.TO) I have been accumulating shares in both since mid-December. Best of luck

  4. On January 8, 2019 at 6:13 pm,
    caly says:

    David, what was your overall return for 2018 ?

    • On January 9, 2019 at 11:58 am,
      David Erfle says:

      Junior portfolio return since 2016 is 126%
      2016: 99% gain
      2017: 45% gain
      2018: 19% loss

      • On January 9, 2019 at 5:08 pm,
        Excelsior says:

        Nice work David!

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