Key considerations for precious metals investors – Uncertainty in the US election, correlation to the USD, and key chart levels to watch

October 13, 2020

Dave Erlfe, Founder of the Junior Miner Junky joins me to focus on the precious metals market and the ongoing short term downtrend. There is a lot of uncertainty in the world and especially when it comes to the US election. But should gold bulls be expecting a pop in price after the election? The answer is not as straight forward as the bulls are touting.

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    Oct 13, 2020 13:18 AM Jaime Carrasco. Not only a fast talker but if his forecasts happen…………it’s definitely a different world for all of us.

    Oct 13, 2020 13:29 AM

    Be realistic, David has been following Ira Epstein metals on youtube and his 18 day / 18 week in his charting

    Oct 13, 2020 13:31 AM

    Ira uses the 100 dma as well, not the 200

    Oct 13, 2020 13:06 PM
      Oct 13, 2020 13:40 PM

      Great chart, I’d like to own more.

      Defiance Silver bounced directly off the 50 day a few days ago.

        Oct 15, 2020 15:33 AM

        Thanks Dan, calgary. I’ve been noticing how Defiance has been moving strong lately, and many are looking forward to their drill program their San Acacio silver project, and they’ve recently raised capital to expand the exploration and move things along more aggressively.

      Oct 13, 2020 13:48 PM

      Another favourite of mine, heading to .50, Def heading to 1.00, both IMHO only.

        Oct 13, 2020 13:55 PM

        Wow, nice, Dan! Great looking charts with a ton of room to run. I hope your make a fortune with those; it seems like you will!

          Oct 14, 2020 14:33 AM

          Thanks to you Matthew I own some IPT and BBB and am very glad I do.

        Oct 15, 2020 15:38 AM

        Yes, gotta love Santacruz Silver. Now they have all 3 mines running on full throttle, so SCZ should continue to offer good leverage to rising silver prices, just like it did most of last year in the 2019 surge. With Silver in the mid $20’s they are making money, and their economic margins are getting much more attractive. Like Impact, Endeavour Silver, and Excellon, these higher cost silver producers are really starting to move as investors wake up to their potential to be free cash flow generators in a time where most traditional businesses are struggling. Nice to finally see the Silver Jr producers getting a chance to shine.

      Oct 14, 2020 14:27 AM

      In $ terms, I’ve made MUX my second largest holding, averaging down during this intermediate weakness it has experienced. Your opinions on this Co. have been part of my decision process. Hope you’re right.

        Oct 14, 2020 14:10 AM

        I hope I’m right, too! I bought a lot more into the recent weakness and even picked up more today in the green.
        The company raised over $10M last month at $1.65 (U.S.) per share so there’s no doubt been some selling due to dilution in addition to the usual selling because of the sector-wide correction.
        To me, the main risk is that it could underperform, not that it could go bankrupt. Of course, I bought it because I think it is now ready to outperform.
        It is not close to my largest position but is still 6 figures (including in U.S. dollars).
        The picture is objectively bullish and I bet it will become more obviously bullish by the end of the week.

    Oct 13, 2020 13:10 PM
      Oct 13, 2020 13:19 PM

      I own bbb ipt and ktn and must say I was surprised how well they all did considering what silver did…..and no news for any of them……definitely looking good.

    Oct 13, 2020 13:08 PM

    “We are in a measured move to 92 on GDXJ”. Be right and sit tight. David Erfle

    Oct 13, 2020 13:04 PM

    Santacruz (SCZ-TSX.V), volume is increasing, up 12% today! The silver stocks are starting to lead rather than follow. DT

      Oct 13, 2020 13:08 PM

      Drill results should be in shortly for Silver Tiger (SLVR-TSX.V) GRRRRRRRRRRRRR! DT

        Oct 15, 2020 15:39 AM

        Agreed DT. Santacruz Silver and Silver Tiger have been doing quite well over the last year or 2, but these are the kind of throttled up Jr miners that can really run when the next leg of the PM bull market unfolds. Fun times!

    Oct 13, 2020 13:17 PM

    Yeah, hasn’t had much of a pullback in Sil Tiger either

    Oct 14, 2020 14:46 AM

    Dang! I tried to buy more SGN today but it ran away from me, up 10% today.