Dave’s turn to weigh in on the key aspects of moves in gold vs gold stocks

October 3, 2019

David Erfle, Founder of The Junior Miner Junky shares his thoughts on the important factors to watch for gold and the gold stocks. Pay attention to the key levels and some other factors dealing with investor positioning.

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    Oct 03, 2019 03:50 AM

    The miners have actually been pretty good considering the action in the broad stock market averages but they will show much more strength when gold proves itself.

    Oct 03, 2019 03:04 AM

    Kootenay Completes Surface Access Agreement on the Copalito Silver-Gold Project, Mexico

    Oct 03, 2019 03:15 AM
    Oct 03, 2019 03:41 AM

    DEBT CLOCK says……….GOLD $6974……………..remember a few months ago ….it was$4800

      Oct 03, 2019 03:41 AM

      THINK ABOUT IT>>>>>>>>>>>> 🙂

    Oct 03, 2019 03:52 AM

    David since gdxj is really not a true junior miner etf, what etf are out there that are true junior miner etf that are available to purchase. Thanks

      Oct 03, 2019 03:58 AM

      There’s SILJ and GOEX. Silver focused SILJ would be my top choice since I think silver is going to do very well. It went up almost 5-fold in 2016…

        Oct 04, 2019 04:02 AM

        +2 Bingo. If I was going to speculate in a mining ETF (which I haven’t for many years) I would go with SILJ or GOEX. The rest of mining ETFs are just Mid-Tiers, Majors, and Royalty companies.

        SILJ typically outperforms most the othe ETFs as well, since Silver miners are so highly leveraged to rising metals prices, and Silver will eventually outperform Gold on a percentage basis.

        Having said that, investors that actively manage their own basket of Silver miners by selling overbought rallies, and buying oversold pullbacks can outperform the ETFS by building their own ETFs.


          Oct 04, 2019 04:10 AM

          The other advantage to building your own ETF is that you get to decide the most heavily weighted stocks in the portfolio, when to cut them loose, when to add, when to reduce, etc…. If a stock goes on a epic run, you can scalp the gains, reducing the position, and redeploy into companies that haven’t moved as much.

          There are many advantaged to actively managing one’s one portfolio, but it takes work, doing research, watching the news, and watching the technical setups in the sector and each individual stock.

          If people don’t want to do the work, then something like SILJ or GOEX will still give them exposure to the sector, but will not represent the best performance.

      Oct 03, 2019 03:02 PM

      It is not talked about as much but Sprott also has one – SGDJ

        Oct 03, 2019 03:21 PM

        My problem with that one is that it is safer than its peers — not what I want in a bull market.
        Like GDXJ, it is also not much of a junior play. It’s holdings are mostly mid-caps by my standards:

          Oct 03, 2019 03:28 PM

          In 2016, SGDJ gained 67% vs GDX while GDXJ gained 81% vs GDX. Not a big difference and even less so in real life (since capturing it would be difficult) but quality is very overrated when times are good.

          Oct 03, 2019 03:03 PM

          I don’t think there is a small cap fund out there that meets your standards! LOL!! But you and others have taught me the benfits of getting smaller, getting more silver, and getting more explorer/developer in bull markets. I have been doing some transitioning along those lines as my my junior silver stocks have really outperformed. Still want a balance between gold and silver stock, but weighting has definitely been toward silver.

      Oct 04, 2019 04:56 AM

      I have created my own for myself and JMJ subscribers. I own/cover a total of 25 juniors at the moment with a mix of GOP’s, developer/explorers, and higher risk early stage micro-caps.

        Oct 04, 2019 04:06 AM

        Agreed David. The best plan is to #BuildYourOwnETF 🙂


      Oct 04, 2019 04:04 AM

      BLS reported that in September the US added 136K jobs, below the 145K expected, however the big story here was that the August number – as has become customary – was revised notably higher, from 130K to 168K, the mirror image of what happened at ADP, which scrambled to catch down to the original NFP print.

    Oct 04, 2019 04:22 AM

    Calling Ex – Just checking in to see what you think of Golden Valley these days. To me the chart pattern is looking very good.

      Oct 04, 2019 04:03 AM

      I own it, I like it and believe that with Abitibiti Resources moving to new highs on their royalties at and near Malartic, as well as solid Net Smelter Royalties on Bonterras Urban Barry, Siros’s Cheecoo, and O3 Minings property they got from Alexandria minerals.

      All are looking prospective to me, and GZZ remains grossly undervalued in relation to it’s stake in RZZ. More of a steady value accruing than a zesty explorer, but a company I’ll keep dumping a few profits in from time to time for the gradual ascent and eventual rerating higher.