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