Dave Erfle – Is The Bottom In Place In The Precious Metals Sector?
Dave Erfle, Founder of The Junior Miner Junky, joins us to discuss the data and macroeconomic factors, as well as technicals pricing levels that he is watching in gold, silver, and the mining stock ETFs to determine if we’ve seen a bottom put in in the precious metals sector.
Dave outlines historical periods and chart patterns that are similar to the moves we’ve seen in Gold, GDX, and GDXJ over the last few years, and then in the moves higher we’ve seen coming out of the 4-5 month consolidation sideways to lower. We also review the positive signal back in September, when both silver and silver stocks bottomed first, and then lead the way higher in the sector.
We wrap up with thoughts on if this move up is sustainable, if we need to see more consolidation in the sector to finish basing, the importance of the US Dollar as a headwind or tailwind, and what technical levels to be aware of.