Dave Erfle – As Gold Continues Up Near All-Time Highs, Here Are Some Pro Investing Tips For The PM Mining Stocks
Dave Erfle, Founder and Editor of The Junior Miner Junky, joins us to discuss the continued positive momentum higher in the precious metals sector, with gold around $2040 and closing in on the all-time high, silver back above $25, and the PM stocks starting to outperform. We start off getting his technical outlook on the strong monthly & quarterly close for gold in March, and the larger cup & handle pattern that, if triggered, could resolve to a much higher price level in gold. Dave reiterates that what may cause an influx of new buyers to come in and push prices higher will be once the 12-year resistance level of $2000 is a solid floor moving forward.
For the balance of the interview, we really cover a lot of ground on getting his pro investor tips on what kind of companies to be positioned in that will have the most upside torque in a rising metals price environment. We discuss looking for companies with well-defined and derisked multi-million ounce deposits, solid economic studies in place, quality management teams that have access to capital and a history of doing raises at the right times, good insider ownership of the stock from their own participation, a limited warrant overhang, and plans for a big-board dual-listing on the US exchanges.