David Erfle - Gold Market Commentary – Thu 11 Apr, 2019

A discussion on the metals markets. What’s holding it back and what can drive the stocks.

David Erfle, Founder of The junior Miner Junky joins me for a discussion focused on the metals sector. We look at the investor sentiment and how certain regulations are making it harder for companies to raise money. We also touch on the currency markets and how the underlying PM prices are impacted by moves in the US Dollar. David wraps it up with a couple companies he owns that are moving higher.

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Comments:
  1. On April 11, 2019 at 5:50 am,
    cfs says:

    Don’t hold your breath for upwards bounce.

  2. On April 11, 2019 at 8:36 am,
    Ebolan says:

    Deep State got Assange. He will be in the US in a day.

    • On April 11, 2019 at 9:31 am,
      OOTB Jerry says:

      Yep, the secret is out………..

    • On April 11, 2019 at 9:36 am,
      cfs says:

      He won’t be in the US today.

      In London, the physical precious metal market seems to be decoupling, as physcal premiums/not available signs appear.

      Could be temporary…..I do not know.

  3. On April 11, 2019 at 9:44 am,
    cfs says:

    Meanwhile SWINE FLU in China is devastating production.
    Expect significant increases in pork imports to China (mostly from US)
    4 million tonnes this year.
    Expect singnificant drop in Soya imports…..dead hogs don’t eat.

  4. On April 11, 2019 at 9:46 am,
    OOTB Jerry says:

    https://www.zerohedge.com/news/2019-04-11/kudlow-i-dont-see-rates-rising-again-my-lifetime
    Finally, confusing the hell out of anyone who is not yet proficient in Erdoganomics, i.e. “economics for insane people”, Kudlow added that the economy is so strong that the Fed should cut rates immediate by 50 bps. Because obviously that makes sense.

    • On April 11, 2019 at 9:49 am,
      OOTB Jerry says:

      DOW………..on the way to 50,0000

      • On April 11, 2019 at 9:50 am,
        OOTB Jerry says:

        Platinum…….going to take the lead in metals………according to GANN REPORT

        • On April 11, 2019 at 10:09 am,
          CFS says:

          The Assange trial (if there is one) is going to be interesting.

          Note:
          1. Assange is not an American citizen.
          2. Assange , as publisher of Wikileaks, has not yet been proven to have stolen ANYTHING.
          3. Wikileaks did publish documents alledgedly provided by (Chelsea) Manning (whistleblower of US alledgedly unconstitutional behavior)
          4. Wikileaks did publish Clinton and DNC emails.
          5. Assange was charged with possible sex offenses in Sweden, but those charges were dropped years ago. (Assange claimed those charges were fabricated to get him in US hands.)
          6. It has not even been proven that Wikileaks “publications” arose in the U.S., so technically jurisdiction is a problem.
          Can one be found “guilty” in the U.S. for publishing something outside the U.S.?

          Consider someone publishing something in the U.S. which is detrimental to e.g. China.
          Should China have the right to demand extradition to China of a non-citizen?

          • On April 11, 2019 at 10:30 am,
            CFS says:

            At Trump’s Press Conference this morning, he (Trump) denied opinions/instigation of Assange/Wikileaks actions, referring reporters to Attorney General/ DOJ.

          • On April 11, 2019 at 10:37 am,
            OOTB Jerry says:

            How is the DOJ……..going to prosecute a non citizen……?

          • On April 11, 2019 at 10:38 am,
            OOTB Jerry says:

            Sure will not be for treason……..

          • On April 11, 2019 at 10:43 am,
            OOTB Jerry says:

            Maybe…….
            Generally, an espionage conviction requires U.S. prosecutors to prove the following elements:

            Information transmitted is classified government information or relates to national defense ; and
            The accused acted with the intent or reason to believe the information will harm the United States or help a foreign nation (not necessarily an “enemy” of the United States); and
            There was a willful communication, transfer, or receipt of the information; or
            There was an overt act in furtherance of a conspiracy to commit espionage.

          • On April 11, 2019 at 10:45 am,
            OOTB Jerry says:

            Above might fit HILLY……..

          • On April 11, 2019 at 11:29 am,
            AJ says:

            Trump today: ‘I know nothing about WikiLeaks.’ Trump in 2016: ‘Oh, we love WikiLeaks’
            https://www.politico.com/story/2019/04/11/trump-julian-assange-wikileaks-1269954

          • On April 11, 2019 at 12:07 pm,
            David says:

            DOJ prosecutes criminals within their Jurisdiction. Nationality is not the issue but having jurisdiction over the crime.

          • On April 11, 2019 at 12:34 pm,
            OOTB Jerry says:

            Yes, I forgot…..The US. can go after anyone , anywhere, anytime……LOL

          • On April 11, 2019 at 12:36 pm,
            OOTB Jerry says:

            Unless you are a banker TBTF……lol

          • On April 11, 2019 at 12:39 pm,
            OOTB Jerry says:

            Good point AJ………he only has selective memory……lol

          • On April 11, 2019 at 3:33 pm,
            Mike in Albuquerque says:

            Folks will need to take careful note of what Assange is being charged with. They are saying he tried to help CM crack a password – that is very different than anything listed in your 6 issues above. If they have real evidence then he is really between a rock and a hard place.

  5. On April 11, 2019 at 9:47 am,
    OOTB Jerry says:

    Kudlow……has SourWine FLU

  6. On April 11, 2019 at 10:47 am,
    OOTB Jerry says:

    good grief………..silver stinks again……$14.92

  7. On April 11, 2019 at 11:30 am,
    Snowy says:

    Section 232 investigation (pertaining to Uranium) is due to the president by April 14th, so in 3 days.

  8. On April 11, 2019 at 11:48 am,
    CFS says:

    Latest Epoch Times coverage of Spygate:

    https://www.youtube.com/watch?v=04CQvULROBo

  9. On April 11, 2019 at 11:48 am,
    larry says:

    PPI doubled to .6% and gold sold off….The cost will be passed onto CPI right?…no idea

  10. On April 11, 2019 at 12:05 pm,
    cfs says:

    lthcare stocks being driven down today.

    Have people finally realized nationalized healthcare does not work either for patients or for companies?

    Name one Government program (other than oppression) that works efficiently.

    https://www.youtube.com/watch?v=5IMecwZA3KA

  11. On April 11, 2019 at 4:24 pm,
    Jason says:

    Been swing trading JDST/JNUG this week.

  12. On April 11, 2019 at 9:42 pm,
    Matthew says:

    For only the third time in the last decade (2009, 2016), GDX’s 5 month EMA has crossed above its 25 month SMA and the monthly MACD “agrees” with the message: be long the sector. Of course a monthly chart doesn’t necessarily mean much in the short term.
    The last two crosses each resulted in further gains of about 66%. A repeat would put GDX at $36 which also happens to be roughly the target of the price structure that followed the 2016 low.
    http://schrts.co/RAJxUHWF

    • On April 11, 2019 at 9:48 pm,
      Matthew says:

      Wrong chart. I just learned that I can’t take Firefox-derived link and paste it to a window in Chrome.
      Monthly GDX:
      http://schrts.co/byhDYXPb

      • On April 11, 2019 at 9:50 pm,
        Matthew says:

        As usual, you need a stockcharts subscription to see a monthly chart.

    • On April 11, 2019 at 9:54 pm,
      Matthew says:

      As you can see on the daily chart, GDX isn’t down much since topping in February…
      http://schrts.co/CRxTRjqg

      • On April 12, 2019 at 1:20 pm,
        Charles says:

        Hi Matthew – What are you thoughts on the ISVLF chart? I slow grind higher from here or further downside potential?

        • On April 12, 2019 at 4:08 pm,
          Matthew says:

          Hello Charles – Despite yesterday’s action, I think it will rise from here. How much and at what rate I don’t know. If significant downside is coming, it’s probably at least two weeks away.
          I still think it/the sector is likely to deliver a significant gain before summer.
          http://schrts.co/GSpWvrKn

  13. On April 12, 2019 at 7:41 pm,
    Charles says:

    Thanks Matthew. Volume has trended down since the most recent top so I am hopeful.