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Comments on the pullback in gold and related action in the gold stocks

Cory
August 11, 2020

Dave Erfle joins me today to share his thoughts on this gold pullback and the related action in the gold stocks. Now that the correction is here we all need to figure out how long it will last and watch the stocks closely because it was a very fractured day especially for the juniors.

Click here to visit Dave’s site – The Junior Miner Junky.

Discussion
34 Comments
    Aug 11, 2020 11:41 PM

    Not everyone is waiting on a vaccine, maybe 50%; maybe!

    cfs
    Aug 11, 2020 11:47 PM

    Copper does not seem to be tracking exactly Precious metal moves, so does that mean this correction is overdone and to be short-lived ?

    Aug 11, 2020 11:59 PM

    Sleepy, creepy Uncle Joe picks another creep for VP…or more accurately was told…can’t think of a more disgusting “choice.”

      b
      Aug 11, 2020 11:07 PM

      Kamala Harris!?!

      Geez people have a short memory,

      Tulsi Gabbard rips Kamala Harris’ record on criminal prosecutions
      https://youtu.be/Y4fjA0K2EeE

      So funny, Harris rips Biden apart in this vid, then Tulsi rips Harris about her integrity and criminality.

      WOW, blatant corruption, the choice, choose dem criminals or repubs serving Israel, both sides want war so I dont see any dif between them.
      Actually, both parties serve Israel so no dif there either.

      Aug 11, 2020 11:01 PM

      Harris, is hardly “creepy”…she is a smart aggressive politician. Definitely liberal, but at least honest compared to the lying Mr Trump. I think she will do quite well in a debate with Pence

        Aug 11, 2020 11:22 PM

        Hi Jeff…Have you been hitting the bottle , again ?

        Aug 11, 2020 11:29 PM

        Anyone who was Willie Brown’s mistress is hardly NOT creepy. She slept her way to the top.

        And as AG of CA she was corrupt as hell.

        Aug 12, 2020 12:17 AM

        Creepy is the wrong word. How about just plain corrupt like all the rest. Does it bother you that Trump, Ivanka and Mnuchin gave her contributions in the past? It should bother Trump’s supporters as well as hers.

          Aug 12, 2020 12:32 PM

          Now that is interesting…….

    Aug 11, 2020 11:38 PM

    Harris for Pres. Man i just love that , non Black Africian American Wo-Man……… s/off

    Aug 11, 2020 11:42 PM

    David /Cory…Gold down $112 on the day.

      Aug 11, 2020 11:47 PM

      2011 high re-test.

        Aug 11, 2020 11:25 PM

        It doesn’t look like the 2011 high ($1923) acted as support, as Gold dove below that in afterhours trading, currently down to $1888.

        https://www.investing.com/commodities/gold

        It looks like the $1800 level, from which the Gold rally kicked up intensity of the parabolic move, or the prior resistance at $1780 (which will now be support) is going to be the next line in the sand.

          Aug 11, 2020 11:26 PM

          Best to buckle up guys, this ride may get a little bumpy… 🙂

            Aug 12, 2020 12:53 AM

            Gold is now rallying again up from $1885 earlier back up at $1941. It’s down, it’s up, it’s correcting one hour then surging higher the next. I guess the thing to look for will be the opportunities created by the huge swings in price. You gotta love it!

            Good luck to everyone out there in the markets on Wednesday.

          Aug 12, 2020 12:32 AM

          A MUST DAILY LISTEN or even subscribe in this season. YouTube : Ira Harris on metals. Down to earth understandable insight in metals & the dollar.

            Aug 12, 2020 12:49 AM

            CORRECTION of above: IRA EPSTEIN on metals on Youtube

            Aug 12, 2020 12:42 AM

            Agreed. I’m a big Ira Epstein fan, and posted his TA video on the other blog from yesterday.

            Aug 12, 2020 12:58 AM

            Marty – I decided to join you back in Silvercrest SILV (my 4th time getting back into this stock). Feels good.

            Right now I’m stocked up on speculative companies and am adding quality, so I also nibbled at WM Wallbridge today for the first time since I exited as a Balmoral shareholder during the takeover.

    FIH
    Aug 11, 2020 11:19 PM

    I wonder if there will be any physical silver available in the world at these prices by next week?

      Aug 11, 2020 11:24 PM

      Looks to me that, Joe Biden & Camila Harris are going to go toe to toe in figuring out the authentic definition of BLACK

    Aug 11, 2020 11:48 PM

    Seems Korelin is oblivious to WM hitting a billion dollar evaluation recently and huge results today and never dropped a penny on the close. WM definitely carried away on the billion evaluation. Seems a ton of time on another billion dollar evaluation of GBR and before that NVO. Lets show the love for all and not the chosen few. Love the show

    Aug 11, 2020 11:22 PM

    Gold Update – Intermediate Correction Is Beginning

    Smart Money Tracker G.S. – Aug 11, 2020 #Chart #VIDEO

    https://youtu.be/TKYyeuAAI2Q

      Aug 11, 2020 11:28 PM

      And, just to clarify, I ain’t half as white as Joe Biden, champion of making all things right—

    Aug 12, 2020 12:36 AM

    Tuesday the 11th was enough to give anyone chills and fever, I didn’t think this correction would last long, the problems in the system are systemic and deeply ingrained. It looked like a street fight to me or a battle in the park with “The Brew Crew”. Gold is still standing because it is the only real form of money. When the conventional market dumps again and it will, it will be like a Western tornado has struck Wall Street in full force, and The Bankers who tried to finish off gold yesterday will be on the mat gasping their last breath. DT

    Aug 12, 2020 12:52 AM

    SF Live Ep 70 – Dolly Varden Silver Corp. (DV) (DOLLF)

    Soar Financial – August 11, 2020 #VIDEO

    https://youtu.be/F_W-PWHj7mk

      Aug 12, 2020 12:45 AM

      Thanks EX

        Aug 12, 2020 12:05 AM

        Sure. I’m excited about the Dolly Varden drill program under way and hoping they hit big like they have in the past.

    Aug 12, 2020 12:24 AM

    Tomorrow:

    Invest Yukon: Exploration 2020 Series (Part 2)
    Thu, Aug 13, 2020 at 12:00 PM Central Time (US & Canada)

    > METALLIC MINERALS CORP. (TSX-V: MMG / US OTC: MMNGF)

    > WESTERN COPPER AND GOLD (NYSE: WRN | TSX: WRN)

    > WHITE GOLD CORP (TSX-V: WGO | OTC: WHGOF)

    https://webinars.6ix.com/6ix/Invest-Yukon-Exploration-2020-Series-Part-2