Dave Erfle – As The Miners Bounce, Resistance Levels To Watch in GDXJ And GDX; And Why He Is Buying De-risked High-margin Developers
David Erfle, Founder and Editor of Junior Mining Junky, joins us to discuss the precious metals and the mining stocks. We start off with a review of the recent bounce in miners, and potential resistance areas that Dave sees in both GDXJ and GDX. We also contrast the recent move higher in the PM mining stocks with the longer correction the PMs have been in since last summer, and the underperformance of the precious metals to many other sectors, including other commodities. We wrap up with some insights on why Dave is doing a little buying of derisked high-margin developers with ample cash in the bank to survive any further weakness and continue their work programs into next year.