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Dave Erfle – Gold & Silver Stocks: Steady Climb or Overheated Market?

Cory
August 22, 2025

 

On today’s KE Report Daily Editorial (Friday, August 22), we’re joined by Dave Erfle, Founder and Editor of Junior Miner Junky. After a month away, Dave shares his outlook on precious metals and mining equities as the sector continues its bullish momentum.

 

Key Themes:

 

  • Gold & Silver Price Action – Gold consolidating near highs, silver pushing above $39.

  • Mining Equities Outperform – GDX up 12% since July, with majors grinding higher while juniors show mixed strength.

  • Profitability & Fundamentals – Producers reporting record profits, healthier balance sheets, and strong margins.

  • Market Sentiment & Risks – Bullish Percent Gold Miners Index at 100%; signals short-term correction risk but still strong long-term setup.

  • M&A Potential – Expectations for acquisitions and strategic deals at Beaver Creek and Denver Gold Forum.

Dave explains why this bull market still has room to run, what levels to watch for potential corrections, and where he’s seeing the most compelling opportunities across majors, mid-tiers, and juniors.

 

Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter.

Discussion
7 Comments
    15 hours ago

    Great interview all around. Thanks for that review at the end of the week.

    Reply
    14 hours ago

    Naked Shorts Are Killing Canadian Markets! DT

    https://www.youtube.com/watch?v=7M1Ce2epjGA

    Reply
      13 hours ago

      Naked shorting is not necessarily illegal but it is immoral. The Hedge Funds have found a loophole that makes it possible. They are trying to bring in legislation to stop naked shorting but it applies to all Canadian start-ups not just HydroGraph. It makes it almost impossible for start-up companies to get funds in the initial stages because the Hedge funds can short individual stocks without borrowing shares and it drives their share price down and makes investors think that the company has no value.

      HydroGraph has all the funds it needs for now, their share price has allowed all the warrants to be exercised. I believe they have somewhere between 6.5 to 10 million in the bank. But with naked shorting only the exceptional companies can beat naked shorting. DT

      Reply
      10 hours ago

      A deep pocketed institution like the Canada govt could buy up all those shorted stocks and teach those shorts a lesson

      Reply
    14 hours ago

    Above is an interesting video on naked shorting. DT

    Reply
    13 hours ago

    Skeptics Test HydroGraph passed it! DT

    https://www.youtube.com/shorts/4CD5CK16h2Q

    Reply
    8 hours ago

    I once wrote the SEC asking for their recommendation as to the best brokerage firm where I could naked buy and sell my favorite stocks.
    I never got a response. I guess no firm was the “best”.

    Reply

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