Dave Erfle – Gold’s Runaway Bull Market and Silver’s 45-Year Breakout
In today’s KE Report Daily Editorial (Oct 1), we’re joined by Dave Erfle, founder and editor of Junior Miner Junky, to break down the latest surge in precious metals.
Key discussion points:
- Gold’s runaway rally: Up over $400 in September alone, testing $4,000/oz with monthly RSI levels never seen before.
- Silver’s breakout: A 45-year cup-and-handle pattern confirmed with Q3 closing above $46 … the strongest quarterly average in history.
- Gold-to-silver ratio: From 100:1 in May down to ~80:1, with potential to move toward historical averages near 60:1 or lower.
- Investor sentiment shift: Institutions and even high-profile fund managers now recommending 20% portfolio allocation to precious metals.
- Correction vs. cycle extension: After eight straight weeks of gains in miners, a pullback seems due.
- Strategy & positioning: How Dave is locking in profits, recycling cash, and targeting optionality plays in gold, silver, and copper juniors.
Stocks / ETFs discussed: GDX, GDXJ
Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter.
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Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Another fork resistance is in the 52-53 area this quarter…
https://schrts.co/ACPPtGAA
The current price is 47% above the highest yearly close which happened over 45 years ago…
https://schrts.co/rkdSSwAD
Are the big boys going to whack gold at $4000?
Added more to Dryden.
Market Crash is Almost Here- John Rubino! John Rubino and Martin Armstrong have differing views on this topic. This video was posted yesterday so it is very current. Interesting how he compares what is happening today to what happened in the 1970’s only today because the debt is so huge he believes it will be 1970’s on steroids. DT
I got stopped out yesterday on HydroGraph! DT
Stopped out is not a bad thing today …
Whoops … Hydro turned again.
Emo turned up also. What’s going on.
So far the General Markets have a slight cold and the Mining Sector is getting beat up by a street gang at the local park. Counter-Intuitive is positive for the miners. At least it has been for 25 years. :).
Today’s action has allowed GLD:SLV to perfectly fill last week’s gap. Don’t be surprised if silver outperforms gold tomorrow.
https://schrts.co/EJfeDJaE
Need an up day as the early part of the week sucked. I vote for out performs.
If Silver does outperform then KTN.v should respond well IMO… I don’t own any now.
PSLV ended the day at 2.66% below NAV (Net Asset Value). Silver doesn’t make meaningful tops when PSLV is trading at a discount to NAV and -2.66% is sizeable. PSLV traded at a 10 to 25 percent premium to NAV for all of 2011. That’s right, it never went below a 10.21% premium and for the majority of that year, its premium was close to 20%. Nine days into 2012, it peaked at a premium of over 34 percent.
The current situation is consistent with the stories told by pawn shops, coin shops and small gold/silver dealers on youtube. The herd is selling and is clearly worried about $50 when there’s little reason to be.
Silver is very overbought so it could stall here but there is absolutely no serious top in the making.
Here’s a look at silver’s quarterly breakout. The next fork resistance is over 100% above the current price.
https://schrts.co/YvBPDiji