Dave Erfle – Technical and Macro Outlook On Precious Metals and More Mining Merger Mondays

Shad Marquitz
February 28, 2023

Dave Erfle, Founder and Editor of The Junior Miner Junky, joins us to share a couple key technical support and resistance levels he is watching in gold, silver, GDX, and GDXJ and some of the fundamental macro drivers he sees continuing to shape the markets.


We then pivot over to the continued theme of more “Mining Merger Mondays” in the precious metals sector, with 2 more transactions announced this week.  We discuss both the I-80 Gold Corp (TSX: IAU) (NYSE: IAUX) takeover of Paycore Metals (TSXV: CORE), and the merger between Integra Gold (TSX-V: ITR; NYSE American: ITRG) and Millennial Precious Metals (TSX-V: MPM, OTCQB: MLPMF).   This leads into a larger discussion on the pitfalls and opportunities of holding development stage assets with ounces in the ground at different parts of the sector and how M&A deals can be both a boon and a bust for investors depending on their investment goals, time horizons, and when and what price they got into positions.




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    Feb 28, 2023 28:31 PM

    Dave doesn’t sound that interested in these lower lows for Integra and MPM yet mentions GSV selling cheap for $230mil. The merged Integra will have 2x the oxides as GSV and 2.5 mil oz sulfides as optionality while trading at under $90mil. Factor in GSV’s Pinion with recoveries in the 50’s and its hard to ignore the disconnect.

      Mar 01, 2023 01:51 PM

      That is a solid point Alpha, and I think that the combined Integra and Millennial Precious Metals is a far more enticing company than Gold Standard Ventures was even after merging with Orla Mining, and GSV was also picked off when it was plumbing it’s lows in just the same way, and didn’t present as much upside in their new combined company.

      Personally, I got into GSV just a short while before it was acquired, so I was in the minority in that I made a little money on it, but sold after the news broke and GSV got adjusted higher.

      It’s a little different on this more recent merger discussed with 2 advanced explorers/developers… compared to Gold Standard Ventures going to Orla that already was a producer of open pit near surface gold. Personally I think Integra and Millennial together is a monster company in the making, and we interviewed Jason the CEO today and will be posting that in the morning, so stay tuned…

    Mar 01, 2023 01:15 AM

    Gold Investors Still MIA

    Adam Hamilton – Feb 24, 2023

      Mar 01, 2023 01:55 PM

      Yes it did, and we interviewed the CEO, Greg Johnson, and posted that interview to the site this afternoon.

    Mar 01, 2023 01:37 AM

    15 minute gdx says exit to me…..will asses the retrace to consider back in…..ABCup has hit targets and the daily is still single leg A up and at OUL,oscilator unchange line, resistance…glta…ther are reasons to stay…i will see..

    Mar 01, 2023 01:15 AM

    TSX.v looking good on the daily chart.

    Mar 01, 2023 01:33 PM

    QQQ is down 7%+ in 3 days vs SILJ and it’s just getting started…

    Mar 01, 2023 01:49 PM

    minute 40 begins the explanation of jab method for encoding for the snake venom…glta