Dave Erfle – Post FOMC Market Volatility – Is This The Slump Before The Bump In Precious Metals?

Dave Erfle, Founder and Editor of the Junior Miner Junky, joins us to discuss the wild swings in volatility in most markets after the FOMC meeting earlier this week, and we note the general lack of interest from generalists in holding gold as a safe haven or in resource investors putting a bid in the PM mining stocks. 


Dave outlines similarities in this current low volume apathy in the gold and silver mining stocks as reminiscent to the period in late 2015 to early 2016, prior to that Fed rate hike cycle.  We wrap up noting that while we are seeing deeply discounted valuations across the board in precious metals stocks, that this is how things normally look during bottoming periods where most investors exit at precisely the wrong time. 

Click here to visit Dave’s site – the Junior Miner Junky.

    Jan 27, 2022 27:43 PM

    Don’t Get Shaken off the Gold Bull Says Pro Mining Investor David Erfle
    Mining Stock Education – January 25, 2022
    “In this interview pro mining investor David Erfle provides his commentary on the gold price and junior gold stock sector. David encourages investors not to get shaken out of this gold bull market. ”

    Jan 27, 2022 27:45 PM

    Gold’s Dramatic Upward Revaluing Forthcoming says Austrian Economist & Fund Manager Dan Oliver
    Mining Stock Education – January 27, 2022
    “In this interview, Dan Oliver shares his outlook as it relates to the economy, Federal Reserve policy, gold and gold stocks. Daniel Oliver Jr. appears regularly as a guest on financial media outlets, lectures at monetary and investment conferences, and publishes articles on gold, interest rates, and the Federal Reserve.”

    Jan 27, 2022 27:50 PM

    Gold, Silver Buying and Selling Expert Tips for Right Now
    Stansberry Research – Jan 27, 2022
    “Gold and silver are seeing, “really strong demand from investors on the physical metals side,” says Mark Yaxley, Managing Director at Strategic Wealth Preservation. “Gold was built for this scenario and this moment in time,” as equity and cryptocurrency markets have seen a recent downturn, he tells our Daniela Cambone on this edition of Outlook 2022: The Tipping Point. Yaxley describes gold’s demand as, “equal or better than what it was at peak Covid-19 levels from 2020.”

    “These current market conditions are proving that Bitcoin is not a better store of wealth than gold due to its downside volatility, and he argues, “gold still has the reins in terms of wealth preservation right now.” Expect platinum and palladium to appreciate off of the back of a gold bull-market run, Yaxley concludes, as the automobile industry fully recovers out of pandemic territory.”

    Jan 27, 2022 27:54 PM

    Peter Schiff – Stagflation Will Shock the Markets
    MoneyShow – January 26, 2022

      Jan 27, 2022 27:56 PM

      Robert Kiyosaki & Peter Schiff – Who is the Biggest Loser in this Economy?
      The Rich Dad Channel – January 26, 2022
      “Robert Kiyosaki has been warning for months that the U.S. will experience one of the biggest crashes in history. Today’s guest warns that all of the money printing during COVID has created too much money and now we’re “dealing with the consequences and it’s just getting started.”

      “Peter Schiff, is the Chief Economist & Global Strategist of Euro Pacific Capital a Registered Investment Adviser, and a full-service broker/dealer. He says, “The Fed has been operating its monetary policy while looking in the rearview mirror, and they are ignoring the road ahead.” Schiff predicts, “They’re going to raise rates enough to crush the economy, but not enough to slow inflation.”

    Jan 28, 2022 28:09 AM

    “SPDR Gold Shares, the largest bullion-backed exchange-traded fund, on Friday recorded its biggest net inflow in dollar terms since listing in 2004 — worth $1.63 billion.”

      Jan 28, 2022 28:37 AM

      Matthew good call this far in that $1778/1780 dip and holding the fort.

      The four hour chart in gold is forming what I call a pistol 🔫 pointing down when you look at it from the four hour chart. Most often then none we have big moves to come following each 4 hour movement. Your call of $1780 was slot on a dollar here or there great call.

      The Pennant on the monthly is so tight with gold that if we can turn this momentum up and gold can take or finish today $1810/$1827 opens the door for a monthly close around the $1850 resistance and February would then finally break it. Of course this has yet to happen and we could be in for another month of consolidation etc but I favor these odds.

      Best of luck

    Jan 28, 2022 28:16 AM

    Larry – Nice hit on NatGas !!

      Jan 28, 2022 28:32 AM

      After spitting up some morning coffee, shorted a little at about 29 (KOLD). 17.07 is the exact 1.618 extension of 12.71~14.67~13.90. Hope to make a few shekels…will see.

    Jan 28, 2022 28:47 AM

    tanks BDC…/NG today has sufficient volume over the B point for an AB=CD up…already hit 1.272 expansion of C toD leg……i am out

    Jan 28, 2022 28:55 AM

    dollar forms td9 top today thru monday…euro same but bottom….yen is supported at its TD9 breakout w price above OUL…more up predicted as dollar weakens in yen which is typically gold bullish……

    next few days will be my first time in AGQ/double silver… is approaching wkly bullish structured TAS profile support…I will believe/trust in that and buy when dollar tops soon…

    it /Si is in a void of consolidation range and directionless….a round of buying just hit,now

    Jan 28, 2022 28:14 AM

    SPQ :
    NatGas Topping. (Topped?)
    Oil Holding High.
    PMs Lower.

    Jan 28, 2022 28:16 AM

    ARKK interests me…wkly TD9 breakout is just at 60.74…That has confluence w monthly .786 fibs retracement from covid 3/1/20 low rally at 60.11….wkly shown

    Jan 28, 2022 28:07 AM

    Took profits on my oily stocks and am buying up DEF at low .40s and some SCZ, my call and I am a big boy and can live with the consequences, buy when there is blood in the streets. Fortune favours the bold. All in my crazy opinion, we are conditioned to think PMs can only go down, they don’t…

      Jan 28, 2022 28:09 AM

      I’m a fan of both DEF and SCZ Dan. Both have lots of leverage to the Silver and Zinc prices. DEF also has some Copper exposure.

    Jan 28, 2022 28:12 AM

    BTW, Eric Nuttall is on BNN in 45 minutes, 12pm eastern.

    Jan 28, 2022 28:17 AM

    Phony paper metals price setting market hitting the price again: before market, at open, during market. probably exceeding position limits. Of course, that triggers algos which trigger algos and run stops and everybody says: see those metals suck. When they don’t and haven’t. Dollar down a little after holding up unrealistically well for an unbacked currency of a nation with the largest debt in the history of the world or close to it.

      Jan 28, 2022 28:20 AM

      That’s why I am buying today, PMs getting crushed but dollar down equals phoney…

        Jan 28, 2022 28:46 AM

        Congrats: You are a Man For All Seasons. As EX says, Onward and Upward.

    Jan 28, 2022 28:52 AM

    I wanted to add to Emerita today, but didn’t have enough money to make a difference…so, added to Millennial Precious Metals. Yesterday I balanced out Petrus and NG Energy so they can have a contest to see who does better. First Day and NG slightly ahead. That is all the excitement I can garner up. Waiting for hell to freeze over and snow forecasted.

    It appears the Gold # selected by the MIT graduates chained to chairs in the backrooms of the Bullion Banks today is: 1785. No guarantees but the computers all running good at that level and do not seem to like it when it is exceeded.

      Jan 28, 2022 28:14 PM

      Looks like another general market pump going into close. How much does this cost The Fed.