Korelin Economics Report

David Erfle – Gold In Search Of A Turn Higher, And The Valuation Gap In GDX

David Erfle, Founder and Editor of Junior Mining Junky, joins us to discuss the precious metals and the mining stocks.  We review a few potential areas that could indicate a turn higher in the sector is possible, starting with the way the last day of the quarter traded above key gold price support. Next Dave highlights the low valuation of the GDX in relation to the current gold price, compared to where the gold price was when GDX was last at current price levels.   We move on to the recent divergence in the gold equities and gold to the downward pressure in the general stock markets. We wrap up with what stage of miner Dave feels investors may rotate into first, once capital flows back into this small sector.

http://www.kereport.com/wp-content/uploads/2021-10-05-Dave-Erfle.mp3

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