Dave Erfle – Key Levels To Watch For GDX, GDXJ and SIL; All Very Close To Breaking Down

August 15, 2023

Dave Erfle, Founder and Editor of The Junior Miner Junky joins us to focus on the precious metal stock ETFs; GDX, GDXJ and SIL. All are very close to key support levels that if broken could signal a further move lower. We discuss lower levels to watch, recent volume, moving averages and the chart of Newmont.




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    Aug 15, 2023 15:28 PM
    Aug 15, 2023 15:55 PM

    Silver looks good here. It pierced its nearly one year uptrend support as well as its 250 day MA before rising about 1.7% from its low. Based on the 19 day move down so far I’d bet that a break lower from here would be a fake out.

    Aug 16, 2023 16:33 AM

    Opening was -$38 for my account. Group of algos located in Sasquatch cave in Northern Washington but were able to flee before capture.

      Aug 16, 2023 16:55 AM

      New Schwab glitch: my account goes back and forth between about one_third and three-fourths reporting. Just click the mouse. I personally like only one-third reported as it shows a gain twice that of three-fourths reporting. I guess something is confusing the algos and they are getting mixed up which one to run. Humans need to take a look.

      Aug 16, 2023 16:00 AM

      Contacted Schwab about the problem and they are completely out of tin-foil hats to send clients. I told them it was OK because the heat index was awfully high and I get a headache when I wear one.

    Aug 16, 2023 16:02 AM

    will NEM break the 10/30/22 weekly swing low…this week 17 million so far vs. 52 million in that swing…running out of panic sellers?…no idea…I feel no panic…maybe I should?….

    Aug 16, 2023 16:19 AM

    Silver evidently picked up a batch of Covid. I would go to the Corporate Doctor at JPM and see if they have found a cure yet or are happy with the situation.

      Aug 16, 2023 16:33 AM

      For those going to Jackson Hole, they are introducing a “waterfall ride” but it is catching everyone by surprise as they didn’t see it coming.

    Aug 16, 2023 16:15 AM

    Intervention is becoming very concerning…seems to be sending a red flag that Central Banking has been overwhelmed by self inflicted corruption and can’t find the Exit.

    Aug 16, 2023 16:57 PM

    Looks like “overbought” now means, the shorts have max out their short buying.

    Aug 16, 2023 16:21 PM
    Aug 16, 2023 16:01 PM

    thank you, Matthew, for updating on cde. good to know. fortuna is trading under book too, like many others.

    Aug 17, 2023 17:50 AM

    I can’t decide whether to get a job with JPM or Blackrock as a serf. I guess I need to check their rental home prices.

    Aug 17, 2023 17:13 AM

    When GLD hits its 50 week MA it will also hit important speed line support and fill that big weekly gap from March in the process…

    Aug 17, 2023 17:03 PM

    Looks like a double top + bull trap for GLD vs SLV (which, in case it’s confusing, would be a good thing for gold sector bulls in):