The disconnect between gold vs gold stocks, silver, and silver stocks – It’s getting extreme

July 21, 2021

Dave Erfle, Founder of The Junior Miner Junky joins us to discuss the large divergence between gold to gold stocks, silver, and silver stocks. We typically see the gold stocks leading the moves in the gold price. The recent under-performance in gold stocks, and now silver and the silver stocks, could be foretelling a further drop in gold. However there is a change that the stocks rebound to play a little bit of catch up to the gold price.

Click here to learn more about Dave’s coverage of the metals.

    Jul 21, 2021 21:26 AM
    Jul 21, 2021 21:33 AM

    I actually dont know whats important about action between dif things.
    What would be nice is “big bullish move” for gold/silver.

    Jay Taylors Mr Oliver figures PMs move when the stock market stops going up.
    Makes sense.

      Jul 21, 2021 21:39 AM

      The action between different assets is extremely important despite the number of traders I’ve come across who disagree completely. Especially in a Marxist monetary system with its “rubber ruler” gold substitute, non-money currency which often hides key developments and signals.

        Jul 21, 2021 21:47 AM

        Thank you……. You have said that many times, showing the sheeple what is going on…

          Jul 21, 2021 21:59 AM

          Guess Im a “sheeple”, as far as I can tell Mathew what you said is the dif is important due to hidden signals/developments.
          ok, since those are hidden I guess that explains why I dont see the importance.

          Its all good, to each his own.

          Personally I see gold struggling until other assets stop increasing, there is definitely no shortage in either gold or silver.
          I think it is just investors that cause the price to move up (not industrial) when they see movement/momentum they should move in driving the price up, until them, its a wait until they do.
          Kinda ponziish actually, maybe everything is.

            Jul 21, 2021 21:01 AM

            I thought you might think so, but, I was not really implicating you…. 🙂

            Jul 21, 2021 21:17 AM

            You think Im a “sheeple” because I agree with unz, people that are against vaccines are “nutters” 😉

            Jul 21, 2021 21:19 AM

            I like that expression “nutter” I’ve been watching british stuff.

            Jul 21, 2021 21:06 PM

            No, not to each his own if you want to make money. It helps tremendously to get the real picture. For example, a true bull market in our miners means that the miners will blow away the metals, not just the fraudulent and always shrinking currency. If gold doubles while your miners double, you’ve made zero real money and took excessive risk for the opportunity to do so. Today, SILJ is up 4.66% while GLD is down and SLV is up 1%. THAT is how a bull move should start: SILJ spanking gold and providing a very nice 4.66 to 1 leverage on silver. That’s what we should require for the extra risks we are taking.

            It is also very important to know the technical picture between our holdings and other asset classes, especially stocks, since a favorable reading on that front indicates far greater gains than might otherwise be had due to sector rotation among mainstream money, BIG money.

            Knowing gold’s real value is important since it tells us what the dollar price can’t. For example, gold versus commodities and oil tells us something about where gold is at value-wise and whether or not it is cheap or expensive or profitable to mine.
            I am very bullish gold long term versus the bond market but not bullish at all versus the gold and silver miners and a variety of other resource plays.

            It’s funny that you said that you see gold struggling until other assets stop increasing because that is what the “action between different things” shows.

            I don’t concern myself with the topic of shortages and never have. Silver will go to heights few believe possible regardless.

            The hidden signals that you referred to are exposed by comparing assets to assets.

            Investors cause prices to move up based on a lot of factors and sustained price changes are the result of fundamental changes. Clueless investor who bet based on little more than a feeling will always ultimately be overrun by big sophisticated money. That’s why the old saying: In the short run, the market is a voting machine but in the long run it is a weighing machine

            Jul 21, 2021 21:07 PM

            You are WAAAY out to lunch on the covid, “vaccines” b. That’s just a fact.

            Jul 21, 2021 21:27 PM

            Thx for the “hidden secrets” explanation.

            As for the vaccines, I think the anti vaxers just might feel a tiny bit silly when it becomes apparent its the vaccines that stops the spread.

            Both shots and still not dead. 😉

            Jul 21, 2021 21:32 PM

            Nice of you to make light of something that has already destroyed thousands upon thousand of lives while covid is and always has been a relative nothing burger once you cut through the lies.
            Do you think it’s normal that social media bans victims from sharing their side effects?

            Jul 21, 2021 21:37 PM

            It’s interesting so many would rather believe banker controlled politicians than doctors and experts who have put their careers and more at great risk to get the truth out.

            Jul 21, 2021 21:54 PM

            The hypnosis among North America’s leftists is so pervasive that they think this is a Right-Left issue and not a right-wrong one. It’s very different in France and the cops have chosen to protest the tyranny with the people. Of course, that’s blacked out here.

    Jul 21, 2021 21:57 AM

    Everyone is just focused on their precious vacations. That’s all that matters to the people. Wake up time in 2 weeks.

    Jul 21, 2021 21:08 AM

    This is not a good sign………… but, that is only 50%….. 🙂 .. Glass half full… lol

    Jul 21, 2021 21:25 AM

    There hasn’t been a meaningful correction on the stock market in 12 years?

    Jul 21, 2021 21:59 AM

    Waiting for AEM to breakout of this consolidation box. I have a feeling there will be a false break down before?

    Jul 21, 2021 21:11 PM

    I was early on Heliostar last week, though I think it’s a buy < $.90
    I nailed all 4 buys Monday , GSVRF, VIZSF, SLVTF & EQX – Enjoying 6%+ moves in all 4. But stop losses set in all, just in case

      Jul 21, 2021 21:25 PM

      Sold all NOVRF for 20% gain

      Jul 22, 2021 22:04 PM

      I went bottom fishing Heliostar on Monday at about the same price where things closed today, so I feel pretty good about adding at these levels.

    Jul 21, 2021 21:20 PM

    And finally, the legend warned about the destruction of currencies and capitalism itself:

    “The end of capitalism will be due to the unbelievable amount of debt that is currently being created. This will create monster inflation that will destroy every currency. The only currency that cannot be destroyed is gold. When investors realize this, we’ll have the makings of the greatest bull market in gold ever seen.”

    Russell @ kwn

    If this is true, why invest in the market to acquire valueless currency?

      Jul 21, 2021 21:26 PM

      Capitalism (as in free/fair markets and the rule of law) ended with the creation of the central banking network. The US has endured over a century of mind-boggling looting and the destruction of individual rights because the sheep don’t have a single clue how things really work or who is really in charge.

      Jul 21, 2021 21:28 PM

      Who wants to acquire valueless currency? I prefer real assets. Again, this goes back to the utility of eliminating fraud currencies from the technical picture and comparing assets to assets.

        Jul 21, 2021 21:39 PM

        I agree, unless the “sheeple” do understand and prefer to be led.

        My point is people really dont care, or at least not enuff anyway, I know people that understand what freedom of speech means yet didnt feel signing was worth the effort.

        Same thing here on this site, I am the only person posting here I have seen that took the time to sign.
        With all the complaining and talk of how import free speech is.

        The conclusion has to be people want to be led and they really dont care which government takes the lead.

        Kinda like Rothchild, he doesnt care which government makes the rules either.

          Jul 21, 2021 21:40 PM

          oops, signing the free Assange petition.

          Jul 21, 2021 21:48 PM

          Every government has already made it perfectly clear that they do not respect self-ownership and our natural rights so it is ridiculous to think that they care about you signing your name to an opinion.

            Jul 21, 2021 21:55 PM

            Far from ridiculous.

            Obviously govs dont care, I was speaking specifically about people, as in the people on this site. for example.

            Natural rights is another issue, I agree with Carlin, the only right we have is the right to “right this way”.

            Jul 21, 2021 21:06 PM

            It’s really not another issue. Your gov either respects you or it doesn’t and the complete disregard for your fundamental and most important rights tells you loud and clear that it does not.

            Jul 21, 2021 21:17 PM

            Of course is a dif issue.
            People either care enuff about free speech to sign the petion or they could care less about it.

            Rights is another issue, and no gov dont care about you, not 1 little bit, as Carlin said, “they dont care about you” that isnt new info.

            Rights? We have none, ask the people of 1950 SanFransico, the Tuskegee experiments, Japanese of 1940s, the list goes on.
            The leaders do as they will, we dont count.
            Other than we could revolt and thats what voting tells them, how many still believe they have rights, how many still believe in the system.
            Voting tells them what they can get away with.

            In any case, I do hope gold continues to stick with inflation, It might not, cryptos could have a bigger effect than people figure.

    Jul 21, 2021 21:18 PM

    Here in the states we have the constitution of each state. We the People have the right to control our government.
    Most people here in the states are brainwashed into thinking that the federal government is in control. How it really works is, We the People created the states government. The states government created the federal government to do international business and national business on behalf of We the People.
    Unfortunately, there are more brainwashed morons than people that actually ‘think’.

      Jul 21, 2021 21:30 PM

      Chartster, I really dont know how the political system works.
      But I thought the war between the states ended state rights.

    Jul 21, 2021 21:22 PM

    And the miners do have a disconnect from the metal. That’s a good thing too. Cause gold is going to have a waterfall decline very soon. I doubt the miners get hit as hard as the metal.
    1050 on gold is still in play.

    Jul 21, 2021 21:24 PM

    Michael also thinks PMs may react in a positive manner if the gen’l equity markets break to 200dma or so. Seems reasonable to me.
    BTW, I’m a 2 shot recipient with no regrets. I’ve been wondering when the hold-outs get sick, will they enjoy paying those 20% co-pays if they’re lucky enough to have some insurance. If they don’t have insurance, what’s the alternative, bankruptcy? As always, to each his own.

      Jul 21, 2021 21:45 PM

      Silverdollar, I hate to tell you this but you are now at greater risk of getting covid and your insurance (health or life) probably won’t cover you because your shots were experimental.
      It doesn’t pay to trust politicians and their media mouthpieces.

      Doctors explain:
      How Spike Proteins from COVID-19 Injections KILL (DELETED by YouTube)

        Jul 21, 2021 21:20 PM

        Thanks Matthew for your thoughts. Knowing that nothing is perfect, l’ll stick with
        Chris’ thoughts on the subject. Prepare the ‘terrain’, get the shot and get early, good treatment if one gets sick with the damn virus. Good luck to you and yours.

          Jul 21, 2021 21:04 PM

          Dr Peter McCullough today, Thursday, @ 2pm est Highwire – Del Bigtree

        Jul 21, 2021 21:23 PM

        Thanks Matthew for your comments. I’ll stick with Chris’ thoughts though on this subject. Prep your ‘terrain’ (immune system), get the shots and if you still catch the damn virus, get early and good treatment. Good luck to you and yours.

          Jul 21, 2021 21:32 PM

          I stopped paying any attention to Chris many years ago for various reasons but I would like to see him speak with Dr. Peter McCullough on the subject.
          His credentials and background begin at about the 7:50 mark here:

            Jul 21, 2021 21:37 PM

            I’ll listen to your posting. Chris though, imo, has as good a record on the subject as anyone. He was early and things went where he thought they would, sadly.

          Jul 21, 2021 21:34 PM

          For the record, I do believe Chris means well.

    Jul 21, 2021 21:37 PM

    Chris Martenson: Apparently vaccinated Israelis were 6=% more likely to get reinfected than people who had the virus and acquired ‘natural immunity’. Personally, at my age (79)I chose whatever protection the shots gives me, along with Vit. D3 and a zinc supplement.

    Jul 21, 2021 21:43 PM

    It’s fascinating that there is a covid surge in some countries that have heavy vaccination rates while in other less vaccinated countries there has been no such surge. Also, just dipped into the PM markets for the first time today by purchasing a tad of EQX.

      Jul 21, 2021 21:26 PM

      Agree with your thoughts, Doc. This country’s major problem is a lack of good data in the medical field………..Martenson has harped on this since January of last year.
      Glad to hear you are ‘dipping’ a tad.