With gold trading in a $50 range we look at the stocks and upcoming news flow for catalysts

May 5, 2021

Dave Erfle, Founder of The Junior Miner Junky joins me for a discussion on the gold sector. Since gold is stuck in a very tight $50 range we look to the stocks both producers and explorers to assess the health of the sector. As Dave points out the market is very divided right now with some stocks running and many stuck in ranges.

Click here to visit The Junior Miner Junky website to follow along with Dave’s investments.

    May 05, 2021 05:28 PM

    All of a sudden a pop in Emerita.

      May 05, 2021 05:24 PM

      Emerita has just continued to surge higher. I blame Doc Jones and his phenomenal research pieces.

      > 400 Million ozs of Silver!?! Emerita Resources stuns the market $EMO, (Part 5)

      by @Drjimjones on 4 May 2021

        May 05, 2021 05:58 PM

        That pop in Emerita and today’s follow on Vizsla gain put me within $345 of covering my additional tax bill for 2020. I got my tax notice from my CPA on 4/1 and all gains made since then. Now can I keep them when I begin selling. (The games people play…this appears one of them)

          May 05, 2021 05:37 PM

          Yeah, that was a nice move in Vizsla today as well.

    May 05, 2021 05:10 PM

    Visualizing the $2.9B Money Flow into Gold Exploration

    The Visual Capitalist – May 5, 2021 – Bruno Venditti

    May 05, 2021 05:04 PM

    I like to think of paying taxes as a privilege denied to most! I’m assuming taking advantage of the most favourable interpretations under the tax Acts! LOL

    May 05, 2021 05:25 PM

    Yesterday’s gold plunge allowed GLD to fill Monday’s gap (and GLD subsequently bullishly finished yesterday above an obviously “working” fork resistance/support):

    May 05, 2021 05:45 PM

    The following chart is GDX priced in QQQ and I find it very interesting and very bullish for GDX. The trade is obviously sell QQQ and buy GDX.

      May 06, 2021 06:07 AM

      I’ve been shorting the Nasdaq with the inverse ETF (SQQQ) the last 2 weeks and believe the tech stocks look weak.

    May 06, 2021 06:17 AM

    Johnny come lately still researching the Newfoundland area plays for a bargain……found Sassy resources where I read this comment….Sassy has the closest group of claims to NFG’s Eastern Pond surface discovery at Queensway South. Drill permits in hand…. they also have a play in eskay… might be a good play or just a follow the leader of the latest hot area…..all they need is a red Lake District property for the trifecta of recent hot spots

    May 06, 2021 06:08 AM

    It’s nice to see Gold and Silver popping this morning.

    Gold up to $1812

    Silver up to $27.40

    Looking good!

      May 06, 2021 06:13 AM

      I thought the consensus from about 3-4 different technicians back in March was that Gold was going down in the low $1600’s or high $1500’s in April & May, and that Silver was going down to $22?

      Do folks think we really may have double-bottomed in Gold in March and that this really is the beginning of the next impulse leg higher to challenge higher levels, or is this still the bump before the slump?

      Is Silver going to keep chugging higher and possibly make it back up to test that $29-$30 resistance level again, or is this just a relief rally, where things will head back down again soon?

      I’m not complaining about the higher PM prices, as a number of miners are ripping higher, and my account is at an all time high (again) today, but I’m still nervous and climbing the wall of worry with my fingers crossed… Ha!

        May 06, 2021 06:14 AM

        I think April is going to be good for the miners. I hope May will be better. That’s all I got.

          May 06, 2021 06:52 AM

          $1800 gold and I feel like miners are capped. There was a wild start this morning, which gave me some hope. Will have to see what the afternoon beings to see if some new money is wanting to get on the right side of the trade.

            May 06, 2021 06:53 AM

            beings = brings

          May 06, 2021 06:36 PM

          I’d say April WAS good for the miners, unless you meant a year from now. 😉

    May 06, 2021 06:17 AM

    ex, producers generally relunctant vs gold. Not a positve sign, especially with other commodities, copper, lumber, grains etc etc ripping upward. would prefer the reverse. No big commitments in here.

      May 06, 2021 06:37 PM

      Most of the larger gold producers have finally started to move again over the last month, but if the metals do breakout, I’d expect the juniors to start to play catch up.

      Yeah, there are many sectors competing for investor attention and they’ve been better sectors, so it’s easy to see how folks would be distracted.