Dave Erfle – Precious Metals Bull Market Continues: Gold, Silver & Stock Breakout!
We kick off September with decisive breakouts in gold, silver, and mining equities. Joining us is Dave Erfle, founder and editor of Junior Miner Junky, to discuss the powerful setup unfolding across the precious metals sector.
Key Topics Covered:
- Why the latest gold breakout above $3,500 signals momentum toward $3,850-$4,000.
- Silver and junior miners surging, with SILJ nearing all-time highs on strong volume.
- The technical significance of multi-timeframe breakouts (daily, weekly, monthly).
- Why even financings, consolidations, and neutral news are pushing junior miners higher.
- Dave’s disciplined sell strategy: trimming at 3x upside and managing portfolio weightings.
- What he’s looking for in earlier-stage juniors and the role of Beaver Creek & Denver Gold Forum in setting the tone for M&A activity this fall.
Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter.
For more market commentary & summaries, subscribe to our Substacks:
- The KE Report: https://kereport.substack.com/
- Shad’s resource market commentary: https://excelsiorprosperity.substack.com/
Added stocks strongly on the opening and watched my portfolio absolutely soar. It appears the breakout of the monthly pennant formation may be real. We’ll know by the end of the month. So many stocks are showing breakout patterns so it must be the real thing. The volumes give even more credence to a long lasting breakout. It’s all the more positive with the conventional markets breaking down.
Doc, we ain’t seen nothing yet. Rambus thinks gold may go to 12,299 in March 2033. Will Michigan beat Indiana this year in Bloomington? have you bought HGRAF yet?
Yes, I bought HGRAF just the other day on the pull back. What do you think about the hype and the stock? I didn’t purchase much but will purchase more when it settles down.
I bought HGRAF@ 1.25 and 1.17 and after listening to several interviews on Jay Taylor’s site I think this could be like buying Standard Oil or Coca Cola 125 years ago. The downside does not worry me as much as missing the upside. I’ll buy more if it tanks. Will MIchigan beat the Sooners?
This is the most bullish I’ve seen Doc in a decade…
Used to be, always next year…
Call it, riding the gravy train…
News Out! on HydroGraph It seems that Graphene in its pure form can do almost anything! DT
Scientific Study Shows HydroGraph Graphene Removes 100% of Toxic Industrial Dyes in Minutes, Offering Sustainable, Scalable Solution for Wastewater Treatment
Bought back into HydroGraph today at a better price than I was stopped out at yesterday. There is so much volatility but that’s one of the things that attracts me. Those pesky shorts, this stock is becoming more resilient to the short attacks. DT
Opportunities In Growth-Oriented Silver Producers – Part 12B
Excelsior Prosperity w/ Shad Marquitz – (09/03/2025)
Guanajuato Silver, Silver X, Sierra Madre Gold and Silver, and Impact Silver
https://excelsiorprosperity.substack.com/p/opportunities-in-growth-oriented-941
SCZ and IPT are the two silver producers that the Kereport has most often described as ‘the best of the worst’. The underlying premise being that high-cost/low-profit miners will have the most torque to their share price when rising silver hits their bottom lines.
Well SCZ is certainly following that script. Spectacular performance. Truly the ‘best of the worst’.
But IPT? They announced a huge private placement yesterday. This comes after last week’s announced Q2 loss of 2M. Today, following a day when silver miners were up double digits IPT has lost 13% as I write.
I’m sure Ex will keep us apprised of the company’s plans as they are made known. But right now IPT truly is ‘the worst of the worst’.
$8M is far from “huge”. IPT’s market cap was about $123M when the deal was announced so $8M is 6.5 percent of that. DEF just raised more than twice that amount while its market cap was around $70M – $80M (35% – 40% less than IPT’s) and even that wasn’t a huge offering compared to many.
“Truly the worst of the worst” is truly funny. The buyers of today’s 3.2M shares (so far) are very happy to relieve the sellers of their shares and I was one of those buyers (filled at over 14% down since I bought on the US market this time). If it dips under .30 I will buy more.
IPT will test just how poorly a miner can perform until it is or is not bailed out by rising silver prices.
In last week’s Q2 earnings report 500K was lost to deferred taxes and 1.2M was an amortization. That’s 1.7M of the Q2 2M loss. The report did not say just what old debt or expense was being written off by the amortization.
In Ex’s just released substack #12 he makes clear that with this latest dilution IPT now has a boatload of operating capital.
I’m inclined to wait for the smoke to clear and stick with IPT for the time being. A nice part of the ‘best of the worst’ investment thesis is that in the cases of SCZ and IPT Kereport followers were given literally years to build dirt cheap positions.
Correction. IPT Q2 amortization loss was 600K.
any update on silvercorp?
Its Madness out there, I got stopped out today again in HydroGraph, what worries me is Gold is still pushing higher but Silver has stalled. These tariffs that Trump has initiated must be paid by The American consumer. The countries with tariffs on their products are going to find the American consumer can’t afford to buy this increase in prices. So they will experience job losses.
If anything these tariffs are going to cause more unemployment in countries that have to export to The US and in The US itself because the cost of purchasing foreign commodities will decrease the potential buying power of the US consumer. Each employee thrown out of work decreases the potential buying power of the country.
We are getting more inflation and less jobs, tariffs are economy killers. This is the end of an economic era that The West has caused and The East is sitting watching this disaster unfold, hoping it doesn’t affect them but it will in ways we can’t predict. DT