Dave Erfle – How To Interpret The Recent Strength In Junior Mining Stocks And Structure A Successful Portfolio

Dave Erfle, Founder of The Junior Miner Junky, joins us to review the precious metals sector and remains encouraged by the strength in the mining stocks, and silver, despite the larger corrective move in the gold price.  We note how the mining stocks have diverged somewhat from the metals, and they are consolidating at t higher level into compression triangles, have mostly held onto their gains over the last 6 weeks, as the geopolitical premium came out of the markets. Dave noted that both GDX and GDXJ both made 52 week highs just last week and were overbought on the RSI levels, so taking a breather to base makes sense here, and even today when the PMs sold off hard in the earlier morning, most of the miners were bought right back up again and they quickly rebounded back up higher again.


We spend the remainder of the interview discussing Dave’s approach to getting into positions over time, what fundamental steps he takes beforehand when doing his due diligence on companies and management teams to build his watchlist, and then what technical setups he looks for to initiate bids.  We wrap up with how the he has structured his portfolio at this point in the cycle, with the number of and which stage of companies he has selected, and then how that may change over time as the metals break out to new all time highs.



Click here to visit the Junior Miner junky website to learn more about Dave’s newsletter.

    Mar 29, 2022 29:54 PM

    Shawn Khunkhun – Silver Will Go Crazy In A World Of Dangerous Inflation

    I Love Prosperity w/ Jake Ducey – March 21, 2022

    Mar 29, 2022 29:57 PM

    Jim Rickards Hits Back at Peak Inflation Criticism

    Stansberry Research – March 29, 2022

    In part two of Jim Rickards’ discussion with our Daniela Cambone, the NYT best-selling author said, “inflation can go a lot higher,” because the Fed cannot do anything about supply shortages ranging from food to oil. Real wages are, “negative, they’re going down,” and with rising inflation, people will not spend money elsewhere which can slow the economy further, he asserts. If the Fed continues down its projected path of rate hikes, “then they will cause a recession, it will absolutely happen,” Rickards predicts. He paints a grim picture of the coming digital dollar that can be seen as a, “totalitarian mechanism,” comparing the new technology to a full surveillance state which is already being played out in China.

    Mar 29, 2022 29:58 PM

    David Erfle – “Mining Stocks Telling Us Gold Sector about Ready to Take Off” Says Pro Mining Investor

    Mining Stock Education – March 29, 2022

    “In this interview pro mining investor David provides his commentary on the gold price and junior gold stock sector. David shares that the gold mining stocks are outperforming gold on a relative basis and telegraphing a higher gold price to come.”

    Mar 29, 2022 29:27 PM

    Most of my portfolio of juniors telegraphs deflationary stagnation until the word “transitory” gets removed.

    Mar 30, 2022 30:05 AM

    Added more to Banyan Gold today. The story and resource appears to be getting better. Plus, they are a neighbor of Victoria Gold which has a price of over US $13 . Hoping there is some osmosis in the area.

      Mar 30, 2022 30:37 AM

      Added to Bitterroot

      Mar 30, 2022 30:44 AM

      There has been speculation for a while that the CEO of Victoria may take over Banyan, where his wife is CEO.

      Couer took a strategic stake in Victoria last year, but they need to raise a great deal of funds for their Rochester expansion and to get Silvertip back into production again next year, so not sure they’ll be moving on Victoria Gold anytime soon. Still there have been comments if Victoria Gold doesn’t acquire Banyan before it gets scooped up that there may be some uncomfortable dinner conversations. Ha!

        Mar 30, 2022 30:47 AM

        Better not have any meals requiring a steak knife.

    Mar 30, 2022 30:36 AM

    While reading Doc Jones site this AM, I noticed he has been talking about First Helium recently. It popped over the last week or so. Caught some at the dip today. New position.

    Added: I should add that it is just coming back inside its upper bollinger and has a gap up during the pop up.

      Mar 30, 2022 30:33 AM

      Yeah I sold the big pop Monday and did buy some back on the drop. Starting to find a nice groove flipping from one Doc play to the next depending on which has some near term catalysts or rerates or is on an uptrend.

        Mar 30, 2022 30:15 PM

        If First Heli tries to fill that gap that looks like mid high .40s, I will try to add. I hate gap fills on general principle but computers like them. What do they know.

      Mar 30, 2022 30:05 PM

      I bought an initial position of Royal Helium, RHC, this morning, then it broke through .50, will wait for the Helium stocks to drop before buying more.

        Mar 30, 2022 30:11 PM

        Yeah I flipped out the first Heli and flipped some into imperial helium and have regrets as the others I liked total helium and Avanti energy have moved nicely and imperial hasn’t. Did buy back some Heli too on the pullback. Don’t see it getting back in the .40’s tho.

          Mar 30, 2022 30:17 PM

          I think you are right as gaps don’t have to be filled but Bollinger Bands only last about 5% of the time outside the bands according to Ira. We are back in the upper band.

    Mar 30, 2022 30:20 PM

    Petrus has been the most consistent up move since January. About 45% (36-64% range) overall with several buys during that period. I am hoping First Helium does the same thing. I did give up some of my CGX Energy to both of them as I am watering the movers and starving or sacrificing the others that just stare at me.