Dave Erfle – When Will The Precious Metals Mean Reversion Take Place?

Shad Marquitz
February 20, 2024

Dave Erfle, Founder and Editor of The Junior Miner Junky, joins us to for a wide-ranging discussion from earning reports on the gold majors, the environment for mergers and acquisitions, and a technical outlook on GDX, to a broader look at when we will see a mean reversion in the precious metals sector.   Dave reviews what he sees in gold, silver, and the PM mining stocks, and the low valuations seen in the HUI versus the gold price.  We also get Dave’s thoughts on if these oversold conditions will simply lead to a short-term trade or a long-term opportunity.




Click here to visit the Junior Miner Junky website to follow along with Dave’s market commentary.

1 Comment
    Feb 21, 2024 21:12 AM

    I just did a comparison between gdx and spy.
    Last 5 years
    Gdx up 15 percent
    Spy up 80 percent
    So if you played it safe and just bought ETF instead of chasing riskier juniors your ahead 65 percent.
    Like to know from those that have been following gold newsletters what there up as comparison.
    I know couple the ones I followed were buy and hold for big breakout and I’m down overall, my mistake is not selling prior to COVID global shutdown knowing everything would suffer and bought back when everything crashed and bottom in March 2020, I was stupid could have made boat load money. Well that’s in past now I’m holding some solid gold miners and will wait for hopefully big payday but took money off table over pops in stocks over last 2 years and now use that money to be a trader weather it be gold miners, oil, uranium, stock market and buy lows and when thing move up phase out on way up and on average made more money but as I sold on way up kept small amount of companies that I bought at lows and hold for long term.
    I try to build portfolio of good companies at at time were lows and didn’t get greedy but took profits on way up and keep small amount shares of good companies.
    Ex. Rode uranium stocks up and just sold made money but kept basic shares in good companies bought at lows for long term hold but got my original money out.
    Also did same with miners, oils stocks.
    Just buying and holding and adding on dips doesn’t work.