Dave Erfle, Founder and Editor of Junior Miner Junky, joins me to share insights on the accelerating momentum in the precious metals sector.
In this discussion we cover:
- Financing trends: A surge in capital flowing into PEA‑stage juniors, with major strategic partners taking large stakes in recent $30M+ financings.
- Sector strength: Miners and juniors showing relative strength as gold consolidates near $3,300 and silver breaks out, with the gold:silver ratio trending lower.
- Earnings season outlook: Why companies like Newmont could deliver significantly higher cash flow with gold ~$400/oz above Q1 levels.
- Copper market dynamics: Tariff-driven moves, record backwardation between U.S. and LME markets, and the potential for explorers to catch renewed investor interest.
Dave also shares portfolio management insights, noting when he takes profits on big winners and where he’s looking for new opportunities – particularly in copper juniors.
Watch for:
- Signs of a sustainable bull market as financings are bought, not sold.
- A rotation of capital further down the food chain to riskier juniors.
- Key support levels: gold $3,300/$3,200 and silver $37.50, setting up for potential runs toward $4,000 gold and $50 silver later this year.
Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter.