Dave Erfle – Precious Metals Macro Movers On Tap, And Key Considerations For PM Mining Stocks

Dave Erfle, Founder and Editor of The Junior Miner Junky, joins us to review the strong daily rebound in gold within the context the last few weeks of the precious metals consolidating in sideways channel.  The larger technical setup is still bullish and we reflect on the constructive nature of gold hanging around the $2000 level and silver hanging above $25.  The miners have been a bit weaker lately, where we note the 10% corrective move in GDX and GDXJ on lower volumes. Even though the PM sector has had a nice rally for the last 6 months, ultimately it is going to take a breakout and monthly close above $2100 in gold to really bring in any more meaningful buying into the sector.


We touch on a number of the macroeconomic data points to be announced over the next 2 weeks that may move the markets, and also look at how the US dollar, interest rates, and general equities may factor into PM sector.   We wrap up with firing off a few questions for The Junior Mining Junky to field on how he approaches investing in the junior gold and silver mining stocks, and what he looks for in quality exploration and development companies.




Click here to visit the Junior Miner Junky website to follow along with Dave’s comments on PMs and the stocks he is buying or selling.

    Apr 25, 2023 25:12 PM

    Silver Market Fundamentals Strong As It Enters New Era Of Supply Deficits

    Richard Mills – Ahead Of The Curve – April 24, 2023

    “Silver, like gold, has returned to the spotlight this year with the precious metal recently trading at its highest in a year at just under $26 an ounce. In the past month, silver prices have gone up nearly 20%, eclipsing the S&P 500’s approximate 5% gain over the same period, as well as outpacing other precious metals, including gold (9%), platinum (10%) and palladium (12%).”

    “The boost to silver comes as the value of the US dollar, an alternative safe-haven asset, has struggled, falling about 2% over the past month and more than 9% since a 20-year peak last September. Assuming the US Federal Reserve proceeds to cut interest rates, silver could continue on the current trajectory at least until the end of year as the opportunity cost of holding metals gets lower.”

    “Some are already claiming this is “the year” for silver as it latches onto an inflation-fuelled rally to eventually surpass the $30-an-ounce mark that was last seen nine years ago. Such projection is not unwarranted; there is plenty of historical evidence to suggest that silver usually outperforms gold in years of high inflation. Furthering silver’s investment appeal is the general expectation that a recession could soon befall.”

    “But that’s not all. Behind the bullish outlook is a massive imbalance existing in silver’s market fundamentals that is supporting higher prices…”

    Apr 25, 2023 25:25 PM

    HEY DT……………
    I left you a link on the Platinum….
    Article was at zerohedge today….

      Apr 26, 2023 26:10 AM

      Hi Jerry, Thanks for the link, much appreciated. I have been watching an old HBO series on Rome. It is fascinating to see how History repeats, I wouldn’t recommend it to anyone who is squeamish, but I really enjoyed it. The Romans as you know set the bar for empire building and empire decline. Nudge, nudge, wink, wink. Take care! DT

        Apr 26, 2023 26:56 AM

        DT……… You are welcome….. glad you were able to view .
        And Yes the Roman Empire is very interesting,…. helps give a lot of clues as
        to where one might be headed following the same path of destruction.
        ….. The sheeple think history is a waste of time,
        not so, as I think you would agree.

    Apr 26, 2023 26:07 AM

    Bank Bonus Day over … time to go up or at least upward.

      Apr 26, 2023 26:32 AM

      Same ol open. Must wait until the MM has had its WD-40 and a tune up.

    Apr 26, 2023 26:56 AM

    Brixton Metals Provides its 2023 Exploration Plans for the Thorn Project

      Apr 26, 2023 26:58 PM

      Thanks for sharing that post Matthew. I have been ramping up my purchases of Brixton ever since BHP took an interest in the project. Between BHP and Friedland Brixton has sure gotten some deep pockets and smart minds behind them.

        Apr 26, 2023 26:15 PM

        Of all the junior lotto tickets out there it has to be one of the safest relative to its potential. It could perform very well even before any drill results are available this year.

    Apr 26, 2023 26:05 PM

    The same fork support that supported UUP (USD) at the end of January is in play again but this time will be broken: