Dave Erfle – Technical Outlook On Gold, Silver, GDX, GDXJ Along With Big Picture Views On Macroeconomics And The Junior Mining Sector

Dave Erfle, Founder and Editor of The Junior Miner Junky, joins us to share his technical outlook on gold, silver, GDX, GDXJ, and also reviews the big picture macroeconomic trends and his reflections on where we are at in the junior mining sector. We start off by taking a look at the key pricing support and resistance levels that he is watching for as the precious metals sector continues to correct downwards on a short-term time frame. However, we also back up our view to the longer-term charts which are still constructive for a continuation of the bull market, despite the recent sector pullback.


With regards to the PM mining stocks, we look at the dichotomy between the quality companies with access to capital that are still doing quality work and moving their projects forward, and then the rest of the sector that is starved of capital and unable to proceed with much meaningful work and are not able to advance their projects.   One point that was made is that there are just too many single asset companies with their hand out for funds, but not all of them are going to be able subsist themselves with sentiment this bad.  As a result Dave would like to see more mergers of equals in the sector to bulk up in to larger more substantial companies, with several projects, and dual listings, and greater liquidity,  which he feels would be more attractive to generalist investors.




Click here to visit the Junior Miner Junky website to follow along with Dave’s market calls and stock picks.

    Oct 03, 2023 03:01 PM

    Great interview. I need for my miners to do something as I am worn out trying to buy everything I want. I am out of trade offs. I need some performance to swap around. Surge Battery leading the way right now but it is a real goat rope. At least it looks like managed money is having sleepless nights more than we are. Sometimes intervention is not the thing to do.

      Oct 03, 2023 03:14 PM

      Thanks Lakedweller2. Most of us are in the same boat where we need some of our stocks to rally higher to be able to rotate into the ones that haven’t moved yet or to pick up other great deals.

      Luckily I cashed in on some of that recent upside action with the uranium stocks running higher, and then I was able to rotate a portion of those profits into the beat up PM stocks to fortify existing positions. The reality is that most of the PM stocks have been in a race to the bottom as a group, making rebalancing very challenging. This too shall pass…

        Oct 03, 2023 03:30 PM

        Yes… I made a little on Uranium royalty and moved it to District Metals after the Gov in Sweden lifted the ban on uranium exploring as long as it was not the sole metal.

          Oct 04, 2023 04:16 AM

          Nice trading there. Yes, that has been interesting following along with District Metals and the policy discussions around lifting the uranium mining moratorium in Sweden. They’ve picked up some land with true polymetallic potential, but it needs the value from the uranium being included to truly make it worthwhile.

    Oct 04, 2023 04:38 AM
    NatGas : Current Target

    Oct 04, 2023 04:58 AM

    Another good start by Surge and then a mysterious -34% hit on American Ealgle with no news. However, it took my account to even. Took them 2 and 1/2 hours today to do the same thing they have been doing for almost two years

      Oct 04, 2023 04:59 AM

      The American Eagle drop of -34% was due to Schwab using “probably” the CAD closing price to represent the USD closing which is WRONG and could be blowing stops, making retail PANIC and other devious “mistakes” to drive sales falsely. Just my opinion.

        Oct 04, 2023 04:14 AM

        … and the TSX.v is no better overall…