David Erfle - Gold Market Commentary – Thu 17 Jan, 2019

Weekend Show Preview – How To Structure A Metals Portfolio

David Erfle, Founder of The Junior Miner Junky is kicking off the second hour of this weekend’s show with a preview to what he will be speaking about at the Vancouver Resource Investment Conference. David will be speaking on how to build a portfolio of resource companies.

Be sure to tune into the weekend show for a couple companies David is recommending.

Click here to visit The Junior Miner Junky website.

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Comments:
  1. On January 17, 2019 at 12:27 pm,
    spanky says:

    It’s certainly possible that gold could keep on going higher yet but there are some warning flags, such as the fact that the miners 5 week RSI has already turned down markedly.

    That being said, no matter what happens in the short run, it would be nice if gold can maintain itself over the 100 WMA, which is currently flattened out and at $1271.

    During the last bull run, it only broke below the 100 WMA 2 times–in 2008 and in 2012 at the top.

    • On January 17, 2019 at 12:29 pm,
      spanky says:

      correction, the 100 WMA is actually rising ever so slightly currently. Definitely a great sign.

      Gold price above a rising 100 WMA is a huge positive.

    • On January 18, 2019 at 12:00 am,
      Excelsior says:

      spanky – The Top in Gold was in Sept 2011, but Gold didn’t break down through the 100 Week MA until 2013 (long after the top).

      As for 2008, by the time Gold broke down through the 100 Week MA the bottom was almost over as it had peaked back in the spring of that year.

      In 2016, Gold breaking up through the 100 Week MA was just one more contributing factor proving that it wasn’t just a dead cat bounce, since it hadn’t done that in years and was the kickoff off the new Bull run.

      Gold broke below the 100 Week MA at the end of 2016, but then turned around and broke back up through it during the Q1 Run of 2017 and Gold stayed above the the 100 Week MA all through 2017 and into the first quarter of 2018 (illustrating again the more bullish rather than bearish nature of the new Bull market Gold has been in since it put in it’s Major bottom in Dec 2015.

      Gold has just recently surged up through the 100 Week MA again in late 2018 early 2019 continuing to show the bull market continuation.

      Here is a Gold chart since 2007 showing the movement of Gold in relation to the 100 Week MA, but it is definitely a lagging indicator as many of the tops and bottoms happened looong before crossing this MA, so I don’t see it as nearly as important as the shorter duration MAs.

      http://schrts.co/QaRBHqyc

      • On January 18, 2019 at 12:05 am,
        Excelsior says:

        The 21 Week MA was a much better indicator for when the top was over or a bottom was in based on when Gold would break through it.

        Gold broke through the 21 Week MA much closer to the top in 2008 and 2011 and the reverse was true in Jan 2016 when Gold broke back up through the 21 Week MA validating the new bull market.

        http://schrts.co/xEmAVNeT

        • On January 18, 2019 at 12:24 am,
          Excelsior says:

          The 21 Week MA is 147 days, so for all intensive purposes, I’d rather just use the the 144 Daily MA and it achieves the same goal and includes the daily price action for more precision.

          http://schrts.co/ZQvvzADD

  2. On January 17, 2019 at 1:30 pm,
    spanky says:

    The 10 WMA has positively crossed the 50 WMA on the GDX:$INDU ratio daily chart for only the second time in 3 years, and the third time in 5 years.

    The two previous times? February 2016 and July 2014.

    FWIW.

    • On January 17, 2019 at 1:44 pm,
      spanky says:

      sorry that should be “weekly chart”.

  3. On January 17, 2019 at 1:46 pm,
    spanky says:

    The 10 WMA has positively crossed the 50 WMA on the $silver:$spx ratio daily chart for only the third time in 7 years.

    The previous 2 times were in 2012 (right before the crash of the century in silver) and in March 2016.

    Again FWIW.

  4. On January 17, 2019 at 2:04 pm,
    spanky says:

    The next couple of weeks could be wild in all markets.

    • On January 18, 2019 at 12:05 am,
      Excelsior says:

      Every few weeks is wild in the markets…

  5. On January 17, 2019 at 2:11 pm,
    OOTB Jerry says:

    Just in case ………Today……..SAM ZELL………says he is BUYING GOLD for the first time
    I posted this in other sections….

  6. On January 17, 2019 at 2:37 pm,
    Marty of North Dakota says:

    Analysts are bullish on Sam Zell’s newest offering ELS. That is looking smart and except for his newspaper debacle, his previous record is stellar.