Dave Erfle – Inflation and GDP Recap, Miners Production Reports, Key Levels To Watch In GDX, GDXJ and Silver
Dave Erfle, Founder and Editor of the Junior Miner Junky joins us to recap the US inflation and GDP data from this week, major and mid-tier mining companies production reports and chart levels to watch for GDX, GDXJ and silver.
Inflation data showed a continued slowdown while GDP surprised to the upside. This, of course, ties into Fed rate cut expectations which have moderated throughout this month. Many major and mid-tier miners released production data from Q4 with 2024 forecasts, showing continued production growth. Unfortunately it’s not translating to higher prices so we have Dave look at the GDX, GDXJ and silver charts to outline key levels.