David Erfle - Gold Market Commentary – Tue 16 Apr, 2019

The Low Volume Bear Raid In Gold

David Erfle, Founder and Editor of The Junior Miner Junky shares his thoughts on the selloff in gold and gold stocks today. After failing to breakout again the move down has taken out some short term resistance. David also outlines when typically it is the best time to have cash to be buying the metals stocks.

Click here to visit David’s site and find out what companies he is investing in.

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  1. On April 16, 2019 at 12:24 pm,
    Matthew says:

    SLV:GLD at resistance but looking good:

    • On April 16, 2019 at 6:03 pm,
      larry says:

      The chart value is in the fundemental knowledge that in theory silver outperforms gold prior to meaningful gold moves?…Is that why you constuct this chart Mathew??

      • On April 16, 2019 at 7:45 pm,
        Matthew says:

        Yes, if silver can move up in a sustained way versus gold, it’s generally a good sign for the whole sector. Powerful bull markets in the miners don’t happen with silver falling vs gold. It’s also meaningful when silver outperforms when the metals have dropped and fear is high.

        • On April 17, 2019 at 5:24 am,
          larry says:

          Right Matthew…..Nice chart no doubt…I would use it as a coincident indicator and not for timing…for timing I use RSI divergences at the completion of patterns , basically…Of course i wait for horizontal support objectives to show reversal candle

          • On April 17, 2019 at 11:03 am,
            Matthew says:

            I agree, it’s not much use for timing unless you’re looking to short one metal and buy the other.

  2. On April 16, 2019 at 4:10 pm,
    Jason says:

    Been making bank this month swing trading scout positions on JDST and JNUG. Got options on JNUG for Thursday.

    • On April 17, 2019 at 4:22 am,
      Ozibatla says:

      There certainly is more down slopes in the metals than upswings. Then again, this has been the case for several years now. With the “Sell in May, go away” sentiment approaching, along with the traditional US summer doldrums, it begs the question: How much damage can this bear continue to inflict on the PMs? Ohh it is getting tiresome. The bunker is getting crowded…