Dave Erfle – A Discussion on the current environment for gold stocks and a look into next year’s key catalysts
Dave Erfle, Founder and Editor of the Junior Miner Junky joins us for a broad discussion on the current environment for gold stocks. With financings dropping, and an overall bad year for many of the stocks he shares some of the key catalysts next year that could change the downward trend. Dave also shares a couple stocks (Bluestone Resources and Bear Creek Mining) that he likes in terms of proven value in the ground.
Bad Penny Joe
always shows up
when times are low.
Joe just calm down.. many of us have also been burned in the pass but it only stings when you don’t do your homework. Keep buying blood to hold a grudge 🙂
Excellent interview. I keyed in on the comment about “options expiration” and the unusual drop in the gold price after it appeared there was a break out. I would suggest that the gold price drop was a direct result of options expiration and one or more of the parties that could benefit from the drop in the price of gold leading to some options expiring worthless, could be looked to as directly effecting or influencing the price of physical gold to their personal benefit. If that is more true than other theories, that means the gold market is driven by intervention and not other market theories. That in turn, explains the lack luster performance of the miners and promotes the more realistic theory that “non regulation” of markets and “corrupted practices” drive the price of gold and other metals, thereby effecting miner prices and that these inteventions can preempt technical activities as they can front run and directly intervene in the computer driven and constructed metals markets as well as all other markets.
Gold hit new all time high August 2020 it’s going on year and soon half. Maybe Fed will get ahead of curve now and tame inflation in time. Gold could be setting up for trading range and if inflation is tamed a year from now this could be beginning of new bear market. ???
Probably. Gold and the PMs have nothing going for them right now.
The recent dump in oil was manufactured as cover for OPEC as an excuse to not raise production.
Gold will be held down so central banks can continue to hoard it at low levels. This will continue for at least another year, if not more.
Gold is dead in the water.
powell keeps telling the world he’s worried and the typical first friday of the month smokescreen with employment report and inflation news will likely tell the tale if he knows something.
best to just watch the waterboarding and not be a victim with gold as tired as it’s looked for months as no one is interested except gold bugs.
EMX being hammered today, new 52 week low on no news I could find.
Not really surprised with today’s gold performance. Pleased that it is still positive on the lead contract. Up 0.33% at the moment. Could have been much worse. I’ve read many times on these pages that when the selling starts, everything gets sold. Why would anyone be expecting anything different during today’s rout in general equities? I personally believe PMs are a lot nearer they’re bottom than the gen’l equities. Spot is up $3.50 as I write. I’ll take tomorrow, whatever it brings.
Learned today of the death of a favorite nephew in SD who had the virus. He was 62 and chose no vaccination. Family got sick and recovered. He didn’t. They got the privilege of taking him off life support yesterday at 4PM. He’ll be missed.
SD, I’d bet it was the treatment protocol that killed him, not the virus. The facts are very disturbing and you haven’t done your homework if you believe that vaxxed people are better off in any way. I’ve seen the truth first hand as have countless people who are censored by ALL major corporate media as well as social media.
According to the Association of American Physicians and Surgeons…
https://aapsonline.org/bidens-bounty-on-your-life-hospitals-incentive-payments-for-covid-19/
I’ve no idea of his treatment protocol but true, from what I’ve read, the treatment regimen advocated by CDC leaves much to be desired. His kidneys failed and I believe his lungs were in bad shape. Hopefully it wasn’t Remdesivir that caused them to fail. No way the family will ever know since he’ll be cremated.
Ref. http://www.321gold.com/editorials/moriarty/moriarty112321.html
Obviously, I’m assuming Bob knows what he’s talking about.
Bob does know what he’s talking about and I’ve warned about Remdesivir a couple of times here. It is a horrible drug and doctors everywhere use it out of blind faith in a bunch of psychopaths. You’d think they would take a look at the study it was involved in but they apparently can’t be bothered.
Betting that Remdesivir killed your nephew looks like a safer bet to me than the success of our favorite junior miners. What you described is exactly what it does that leads to the patient being put on a vent. (And hospitals are paid tens of thousands of dollars per vent used. It’s a diabolical incentive.)
I lost a friend early on with Covid. It was before hospitals had the options of treatments they do today. He was early 60s and unvaccinated. He was former HS football star and oil field worker. In addition, he was a country music performer in his spare time. I met him in a collector car club where he was an avid member. He was also active in mission work with his church. Covid doesn’t care like we do about those that leave us prematurely.
If inflation is now being considered by Powell to be not transitory then gold should be moving higher not happening???
All the analyst and gold bulls were pumping gold year ago and now same ones saying OH, it’s going to take another year, it’s been going down almost year and half and inflation keeps going up sounds like a lot manipulation or hype.
Big bullion banks will keep crushing any gold advance and drive all gold bulls out of market and the ones that keep buying will only give back any short term oversold bounces to take more losses. Gold will probably test 1700 or lower again and if Powell fights inflation earlier than anticipated gold will get crushed even more.
There is no way it will take another year or even close to it. Silver and the gold and silver miners all made new lows after the March low but gold did not. The worst case scenario is that it finally does so and I’m betting it will happen soon if it is going to happen at all.
I agree. The only projection that appears to be consistent is the conclusion it will be next year for the metals. Been there, done that over and over. Enough of that… now is the time…or at least next year….sorry, couldn’t resist.
SLV filled what was left of its Oct. 1st gap today…
https://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=0&mn=9&dy=22&id=p49197758286&a=1073692710
Chart looks good. I just assumed today was another attempt by Wall Street to funnel the General Market participants into their crypto of choice or a counterfeit bond. Let us have a big finish to the week.
well put Jim.
Nothing illustrates your point of short term gold bounces more than today’s action. Just enough of a morning bounce to continue the hope scenario and a slow but accelerating slide into the close. The same is true with the longer term bounces, which go up just enough to raise expectation, with no confirmation of a higher high only to work there way back down, but holding above the 1700 level to keep hope alive for the gold bulls.
And this is in the face of mostly positive news with constant drill results and hype from those talking their own book. As well as the fundamentals of inflation worries, world disorder blah blah.
Sticking with long term gold producer calls and tech shorts, and expecting one side of the equation to pay for the other. Not worth risking any more capital other than for a entertaining casino bet and to reading all the proclamations of finding short term bottoms for pop ups on a repeated basis.
Until this thing turns as many bulls proclaim into the stratosphere, with at least a higher high, there will be plenty of time to participate.
If gold finishes this week below 1758, it could easily and quickly drop to a new low below the March low.
1700 better than 35….. youth…… lol
Back to the Drawing Board for Gold Bulls Explains Pro Mining Investor David Erfle
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Mining Stock Education – Nov 29, 2021
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https://youtu.be/mLAmkbhQL_w
Lame market rebound today is lame, especially in the PM shares.
Already rolling over, will likely end the day red and tomorrow… well, tomorrow will be a dark, bloody red day.
SELL NOW!