Dave Erfle – Gold Stocks, What To Avoid And What To Go Long

April 19, 2022

Dave Erfle, Founder and Editor of The Junior Miner Junky joins me to discuss the types of gold stocks he is investing in. We focus mainly on mid and small cap stocks ranging from drill plays to resource stage assets up to development assets. There is a clear distinction in the market right now where the largest stocks are moving higher and the small drill plays continuing to lag.




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    Apr 19, 2022 19:21 PM

    In 3 of its last 5 weeks, SILJ fell about 6 percent from its weekly opening price before finishing those weeks an average of 6.55 percent above their respective lows. The lows were reached on Tuesday for 2 of those weeks and on Wednesday for the remaining one. This week has reached a decline so far of 6.8 percent so it is worse than the three mentioned above but it is also the only one that started with a significant gap up (measuring about 2.3%). Two of the others started with gaps down of about 1.6 percent and 1.75 percent while the remaining one started with a 0.5 percent gap up. The point is that this week’s relatively large gap aided the bears not the bulls since smart bulls sell such gaps along with the bears.
    The takeaway is that this week’s action has not yet been materially different than those 3 recent weeks in which things started poorly yet ended fine.
    We want Friday’s close to be above the weekly KAMA (currently 14.21) and the “P” price pivot support just below it.

    *The opening gaps were measured from previous weekly closes as they should be measured, not from previous intraweek highs.

      Apr 19, 2022 19:07 PM

      Trying to figure out an options play that will work with this.

    Apr 19, 2022 19:39 PM

    They are nickel and diming us. Good candidates to make license plates so they have time to reflect.

      Apr 19, 2022 19:05 PM

      Penny wise but dollar foolish.

    Apr 19, 2022 19:44 PM

    continue to be out and watching the churn. a select few majors holding their own along with gold while the majority of juniors flounder. Same old.

    Apr 20, 2022 20:18 AM

    Silver linings are out there!
    Netflix shares crater 25% after company reports it lost subscribers for the first time in more than 10 years

    Apr 20, 2022 20:27 AM

    insurance actuarial tables are showing sigma 6, X.S.deaths this past quarter…Corresponding w the roll out of covid non-vaccine, exactly….sigma 6 is a once in 1.5 million year event…cannot be due to chance but is due to cause….if this trend accelerates along w the covid vax/jab rollout the next quarters will show deflationary population downturns…sorry, you all knew this though….i have no idea what will actually happen…glta

      Apr 20, 2022 20:52 AM

      Larry, if you’re suggesting that inflation will no longer be a problem due to the shrinking population, I disagree. Yes, the “demand-pull” (aggregate demand) part of the equation will be reduced but the primary cause of this society-destroying inflation is coming from the Fed’s counterfeiting, i.e., the “cost-push” side of the equation. Costs are being pushed up by the flood of new currency units (which decreases aggregate supply) not pulled up by demand.

      Ron Paul keeps telling it like it is while the most irresponsible and clueless half of the population listens to Pelosi and friends and avoids truth like the plague.

        Apr 20, 2022 20:56 AM

        Agree…Just putting it out there as a concern and a factor…Great response and appreciated…Thanks Matthew

          Apr 20, 2022 20:21 PM

          Thanks for sharing the info, it sure is a concern and factor as you stated.

        Apr 20, 2022 20:19 PM

        Re: “which decreases aggregate supply”

        To be extra clear, the above should be “which decreases aggregate supply of goods and services”.

        From Investopedia:
        -Cost-push inflation occurs when overall prices increase (inflation) due to increases in the cost of wages and raw materials.
        -Cost-push inflation can occur when higher costs of production decrease the aggregate supply (the amount of total production) in the economy.
        -Since the demand for goods hasn’t changed, the price increases from production are passed onto consumers creating cost-push inflation.

    Apr 20, 2022 20:21 AM

    TSX Venture Index looks weak IMHO$CDNX