Dave Erfle – Key Technical Levels For Gold, Silver, GDX; Will Q2 Earnings Be The Next Catalyst?  

June 18, 2024

Dave Erfle, Editor of The Junior Miner Junky joins us to outline key technical levels for gold, silver and GDX, and what will drive the stocks to truly outperform. 


We begin with a discussion on gold, noting its strong performance despite recent corrections. The conversation then shifts to silver, highlighting its significant moves and consolidation phases. Dave provides insights on key technical levels to watch for both metals, particularly focusing on support levels and moving averages. 


The discussion also delves into the gold-silver ratio and its implications for the relative strength of mining stocks. Further, we look at the GDX chart and the performance of gold mining stocks, while emphasizing the importance of major players like Newmont for market sentiment. As we look ahead to the end of the quarter, we consider how improved profit margins in Q2 might impact the stock prices of both major and mid-tier mining companies.



Click here to visit The Junior Miner Junky website to keep up to date with Dave.

    Jun 19, 2024 19:41 AM

    Hey DT….I know it was only a provincial by election but the fact that a riding that has always been conservative was won by NDP(I know they came close during the general election and NDP is the governing party so that all needs to be considered) is why I’m in the wait and see what truly happens mode in our next federal election.

      Jun 19, 2024 19:15 AM

      Hi Wolfster, we a have a Federal bye-election here on June 24th. I was out yesterday stalking the streets in this terrible heat, and I noticed NDP signs everywhere they outnumbered the Conservatives and the Liberals in some cases 10 to 1. I don’t know what is going on, but I suspect that a lot of these people with lawn signs either just agree when they are asked if they want a sign, or they are truly p*ssed off. If they think that The New Democratic Party with its spending socialist obsession is going to save them well lots of luck with that. Two weeks ago, The NDP didn’t even have a candidate signed up to run in this election. Something very funny is going on. I guess we will get to the bottom of it after June 24th. The Liberals are running an insider who works as an aide to Chrystia Freeland. The Conservatives have a top-notch candidate, they want this riding badly and they need a win here to validate their platform. This riding has been Liberal for 28 years and the candidate who retired was a cabinet minister. I have been following this election very closely and you can guess whose side I’m on. I believe this is a hard one to call it will be very close. DT

    Jun 19, 2024 19:42 AM

    On the investment front….just buy magna. No brainer. Cheers.

      Jun 19, 2024 19:05 AM

      I should add that GASX has come to life after bottoming out at .80 basically with huge volumes since. I’m in it with the warrants. Hard to accumulate but great leverage going forwards if they get in the money. May 2027 at $1.40 if memory serves.
      And yes I own those that I mention. Call me a plugger/hyper but I own what I discuss cuz I can’t follow everything so have a narrow portfolio. Would talk about Brixton and Kootenay too if they weren’t mired in letheragy

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