Dave Erfle – Massive Swings In Gold & Silver: Navigating the Correction and Rebound
In this KE Report Daily Editorial, we are joined by Dave Erfle, founder and editor of the Junior Miner Junky, to break down one of the most volatile weeks in recent precious metals history. After a parabolic run in January, the sector faced a massive Friday washout that left many investors questioning the trend. Dave provides his insights on risk management, technical support levels, and why this “gentleman’s entry” might be the reset the market needed before the next leg higher.
Key Discussion Points:
- Market Volatility and Technical Corrections: Dave analyzes the massive volume spikes in GDX and GDXJ, explaining why a 20% correction in gold and a 40% move in silver are actually healthy resets within a broader bull market.
- Silver Stocks and Leverage Dynamics: A look at the SIL and SILJ ratios to silver itself reveal that silver miners have lagged behind the metal, and we discuss why the upcoming Q4 earnings season could trigger a massive sector re-rating.
- M&A Trends and Copper’s Growing Role: From Eldorado Gold’s acquisition of Foran Mining to Zijin Mining’s move on Allied Gold, we explore why major producers are aggressively hunting for base and precious metal assets.
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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 or investment product. Investing in equities, commodities, really everything 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.
“Something Fishy at Fort Knox”, Frank Giustra at around the 29:30 mark
My silver miner portfolio ended the day up more than silver by about 1.5%, so I was whining about nothing earlier today.
That being said, with silver up 7.5% they should have been up even more. hahahaha
Excellon had a good day at about 20%. Overall a great day for my accounts.
Looks like the algos might be getting back into alternating day scenarios. We will see. Hate to see us have corrections when we will have to suffer when they tank the general markets … if ever. We seemed to have enough corrections over the last 50 years to last us awhile.
It is a bipartisan scheme to create volatility and then front run it continuously.
We are always being gamed. I always remember the $920 million “penalty ” against JPM for manipulative trading of precious metals. The big glitch was that rather than “pay tbe fine” to victims … $300+ mil went to DOJ and the remaining $600+ mil went to the other side of JPM manipulative trades. Bottomline: both receiving the funds should be defined as complicit co-defendants and not victims.
It is amazing how many experts believe that somehow there was some “legal action” against evilt JPM. I always wanted an audit to see if not only the $920 mil fine was paid to non-victims, but the Treasury might have paid the fine under the table. That would be a double loss to tax payers.
In 3 months Microsoft has lost $764 billion, still a fair amount of money. They say Microsoft is the beginning of the coming tech crash. Nvidia is my favorite stock to watch but it only lost a paltry $147 billion today. It has to do a lot better than that. LOL! DT