David Erfle - Gold Market Commentary – Tue 23 Feb, 2021

What matters more for the gold and silver prices… Yields or higher physical deliveries on the options market

Dave Erfle, Founder of The Junior Miner Junky joins me for a focus on the gold and silver markets. We start by comparing the recent bounce in gold, GDX and GDXJ. GDX actually made a lower low while the other two held the key November low. We also look to the options market with the expiration date this week. We are seeing higher than usual deliveries, but does this matter for price?

Click here to visit Dave’s site to follow along with the stocks he is investing in.

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Comments:
  1. On February 23, 2021 at 11:11 am,
    cfs says:

    Bargain day today in mining shares…..

    Most everything on sale.

  2. On February 23, 2021 at 11:29 am,
    SilverDollar says:
    • On February 23, 2021 at 12:13 pm,
      Marty says:

      Thanks , S.Dollar, I never look at KWN UNTIL Friday’s-Sat for the broadcast. So, not much of a kicker on USAS YET. ERIC Kings show isn’t the network it was 10-15 years ago. I guess after 2008 mid year metals decimation he had to go to work somewhere

  3. On February 23, 2021 at 11:58 am,
    Matthew says:

    It’s funny that anyone might have a hard time buying today.
    https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=5&dy=0&id=p81262138163&a=903805792

  4. On February 23, 2021 at 12:27 pm,
    Mineralsrmoney says:

    Don’t think we’re at bottom just yet. Getting closer. Think we could see 1740-50 test Gold and wouldn’t be surprised to see test 31.80 GDX. Nonetheless, getting closer and still witnessing some of the larger names continuing to grind lower.

  5. On February 23, 2021 at 12:27 pm,
    bonzo says:

    Matthew, nice charts. I sold more RDS.B@39 today and then bought more ESKYF@1.84 and NFGFF@2.65. Anyone buying ELRRF today? Holy Toledo!

  6. On February 23, 2021 at 3:44 pm,
    Marty says:

    David Morgan’s David Smith on fire @ Arcadian Economics

    • On February 23, 2021 at 10:05 pm,
      Excelsior says:

      David Smith is a sharp guy. This was posted on the KER weekend show blog, but since you mentioned him here, then this may be a good spot to repost it, in case anyone missed it.

      David H. Smith: The Financial System Starting to Crack

      Palisades Gold Radio – Feb 19, 2021

      “Tom welcomes David H. Smith, Senior Analyst for The Morgan Report, back to the show.”

      Time Stamp References:
      0:00​ – Intro
      0:36​ – Silver & Palladium
      7:40​ – Will Silver Break Gold Out
      12:45​ – Stages to silver’s rise
      15:40​ – Davos Meeting Basel III
      17:40​ – Digital Silver
      18:45​ – Physical Bullion & Premiums
      20:07​ – Blackrock & Big Money
      21:57​ – Miners & Leverage
      28:12​ – Bob Moriarty
      32:50​ – Australian Discoveries
      36:52​ – The Pareto Principle
      40:43​ – LODE Crypto Project
      46:33​ – 2020 Crisis & Gov’t
      48:40​ – Wrap Up

      https://youtu.be/2StCkO9Q7EY

  7. On February 24, 2021 at 5:44 am,
    BDC says:

    STATS: https://ibb.co/tLD32wD
    Presentation slimmed from 12 to 8.
    Additionally featured today is BitCoin:

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