Dave Erfle – Junior Mining Volatility On The Back Of Portfolio Rebalancing In The GDXJ And SILJ
Dave Erfle, Founder and Editor of The Junior Miner Junky, joins us to outline the impact that the portfolio rebalancing in both the GDXJ and SILJ Van Eck ETFs have had on many junior mining stocks, and how those ETFs are now even less correlated with the actual junior PM stocks. We also discuss the evolving trends in passive versus active resource stock investing, and key support levels and catalysts for gold, silver, GDXJ and SILJ.
As markets have moved higher to 52-week highs the gold and silver stocks have continued to underperform, but Dave sees a setup coming where both of those trends could reverse, and he even highlights the recent short positions he has taken out on the general US equities. We unpack how Newmont Mining, the world’s largest publicly traded gold company, has started to diverge from both gold and GDX in a constructive manner, and then wrap up with other catalysts that may encourage more generalists to position in this sector.