Dave Erfle – Reviewing Macroeconomic Catalysts, Pondering Which Ones Could Light The Fuse For Precious Metals
Dave Erfle, Founder and Editor of The Junior Miner Junky, joins us to review some of the recent macroeconomic data points, and which coming catalysts could light the fuse for the precious metals sector. We start off reviewing how the FOMC meeting minutes, muted GDP number, and higher than expected PCE deflator news really comes down to Fed policy expectations around how much longer they will keep hiking rates.
Gold and Silver and related PM mining stocks have continued selling off and correcting down as some of the regional bank concerns have eased, and the debt ceiling brinksmanship nears it’s resolution. Dave provides technical support levels for gold, GDX, and GDXJ, but then goes on to outline a multitude of catalysts on the medium-term horizon, that could break the gold price and the rest of the PM sector higher later in the year.
We then shift the conversation over to the big disconnect in the move higher we’ve seen in the metals versus how the mining stocks have reacted . Dave also shares key considerations for how he is approaching investing in gold and silver stocks in the short to medium-term, within the context of a big picture outlook that precious metals are going to break out to new highs as this larger bull market unfolds.