Dave Erfle – Precious Metals Kick Off 2023 With A Continued Move Higher
Dave Erfle, Founder and Editor of the Junior Miner Junky, joins us to highlight that the PMs have kicked off the new year in the green, even despite the higher US Dollar, due to the war premium out of Ukraine.
We review if the rally witnessed in the PM sector over the last few months has more room to run, or if a pullback is in order? Dave shares key resistance levels he is watching for GDX and GDXJ, and discusses how the market pendulum is swinging from very oversold levels from last September, to a continuation in the opposite direction of swinging to a more overbought as the year unfolds.
We wrap up with some of the macroeconomic factors shaping 2023 from the lingering stagflation, potential for a worse recession, China reopening, central bank policies, and upcoming Fed meeting minutes.