Dave Erfle – Key Technical Pricing Levels And Macro Drivers To Watch In Gold And Gold Stocks
Dave Erfle, Founder and Editor of The Junior Mining Junky, joined us to outline the key technical pricing levels and fundament macro drivers that he is watching for, to see a more confirmed uptrend in gold and the gold stocks. We look at the recent volatility from both geopolitical tensions as well as economic data points like interest rates, consumer confidence, inflation metrics, and stagflation concerns, all playing into the recent pullback and then pop higher in the precious metals markets. We also get into a more nuanced discussion about the state of the junior mining stocks, and what will turn sentiment and then momentum more constructive to bring in generalist investors.
.
NooooooooooBooooooooooody Cares! DT
You are talking about the Fascist cult followers. What about the Silliy Constitution lovers. They care!
Santacruz Silver, SCZ, production results.
I care! LOL! DT
Inflation is here to stay, oil will be higher over next few years so cost of running or building a mine will go up, so many of these junior gold stocks will be hurt going forward, now this geopolitical environment will be a good time to sell into any rallies we are seeing to get out of some of these stocks because after things settle down bottom in gold stocks will fall again just as it did after the pop when Russia Ukraine war started.
Sell and just hang onto stocks that you bought dirt cheap and hold for long term.
When we get stock market recession and it will come these gold stocks will crash again then maybe that will be bottom. It will be another 2-5 years out.
Matthew. Brixton got another yawn for its latest news release. Must say it’s really testing my patience…..but I’m in it for the long haul just not accumulating anymore.
The Keynesians who have lost control, are doing their best to suppress miner prices in a FOMO action to try to jump on the bandwagon at the last moment before Keynes drives the train off the cliff.
Drill holes need to be spectacular to move most shares unless the sector is firmly in a bull market so I’m not reading much into Brixton’s performance lately. I agree with the guys at Crescat Capital; Brixton is cheap for what it already has.
Interesting: a few of mine that actually did well yesterday … have good news today. Isn’t that perceptive of insiders?