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.