Dave Erfle – As Gold Breaks Out, Buying Gold Stocks On Pullbacks Using A Bull Market Playbook

Dave Erfle, Founder and Editor of The Junior Miner Junky, joins us to for a nuanced free-form discussion that starts off looking at the breakout in the gold price over the last 2 weeks, how silver and the precious metals mining stocks have been responding, and number of insights on how he is going to be positioning in his portfolio switching to a bull market playbook. 


Dave points out that with gold getting overbought, that he is expecting a near-term pullback, and that he wants to watch closely how the gold stocks react, and if they’ll start outperforming and advancing relative to the metals prices.  Additionally, Dave wants to see a definitive monthly close above $2100 to confirm the technical breakout in the sector.  We also get into the importance of companies messaging around their permitting timelines, why access to capital is still critical, and how he is balancing out both beta optionality with alpha catalysts in the junior mining stocks. Wrapping up we look ahead to the macroeconomic movers on his radar. 




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

    Mar 08, 2024 08:23 PM

    PDAC Curse Reversed Again as Regional Bank Fears Return

    David Erfle – Friday March 8, 2024

    “This flurry of news releases into and around the convention leads to an inevitable news drought following it. When combined with seasonal weakness that is common in the gold sector into Q2, we get what has been regularly referred to as the “PDAC Curse.”

    “However, with the recent resurgence U.S. regional banking fears, I was experiencing deja vu as I attended PDAC this week. Just as PDAC 2023 ended last March, the gold complex moved higher after the Federal Reserve and Treasury Department bailed out Silicon Valley Bank and Signature Bank, then extend lifelines to other troubled banks as they threatened broader confidence in the banking system.”

    “In fact, three of the four largest-ever bank failures have happened over the last year, while the three banks that failed ranked among the top 30 U.S. banks by assets in 2023.”

    “Now a year on from those failures, we are seeing renewed weakness in the banking system which has also sparked all-time highs in gold. This time around, one of the rescuing banks from last year’s mini-crisis now finds itself in significant trouble and in need of a new injection of capital.”

    “After a 45% drop in its stock Wednesday and a trading halt, the deeply troubled New York Community Bancorp (NYCB) announced it was getting an equity injection from the investment firm run by former Treasury Secretary Steven Mnuchin and other funds…”

      Mar 08, 2024 08:32 PM
      See above site for an article laying out Muuchin and friends raid on New York Community Bank.

        Mar 08, 2024 08:44 PM

        Thanks for that further info on Mnuchin and friends… Fund cronies and banksters hard at work mopping up behind the scenes…

      Mar 08, 2024 08:04 PM

      Why would Steve Mnuchin and other funds lend money to a troubled Bank, isn’t that The Fed’s job or is The Fed backstopping these people to make it appear that the system can look after itself without help from The Fed.

      We know that there are probably at least another hundred banks in trouble if not more from the devaluation of commercial and housing loans and that The Fed is always behind the curve. It looks to me that The Fed is hoping to sidestep responsibility, they don’t want to be seen as the reason these banks are in trouble. It is a game that can only be played if the banking problems can be contained, but we know that Bank “C” is involved with Bank “D” and Bank “A” is part of Bank “B’ “C”, “D”, and “E” and so on. DT

    Mar 09, 2024 09:06 AM

    Steve Mnuchin looks like a serial killer. Scary looking guy

    Mar 09, 2024 09:15 AM

    Dave Erfle
    David Erfle, Brian Leni and Bill Powers discussion.

      Mar 09, 2024 09:49 AM

      Good recommendation Lakedweller2

      Junior Gold Stock Bottom or More Pain Coming? with Pro Mining Investors Brian Leni and David Erfle

      Mining Stock Education – Mar 8, 2024

      0:00 Introduction
      0:45 PDAC sentiment
      3:20 BMO conference subdued
      4:45 What can gold miners do to bring in new flow of funds?
      6:58 Street shorting juniors
      10:51 Reinstate uptick rule?
      13:24 “Nobody’s big enough to manipulate a trend”
      14:45 Legal rumors heard at PDAC?
      17:22 Chinese buying Osino Resources
      20:11 Junior gold stock bottom

        Mar 09, 2024 09:58 AM

        Chen Lin believes we are about 6 months to one year away from a sizable rally in the precious metal stocks based on chart performance of other bust outs. That seems like a long way off, but Chen is a smart trader. DT