What Has David Optimistic About The Gold Sector?
David Erfle, Founder of The Junior Miner Junky joins me to share the factors that have him optimistic about the metals sector. He is looking mostly at the silver price and the action in some of the juniors as signs that more money is entering the sector.
Click here to visit David’s site for more information on his newsletter.
Hey Robert,
I use company valuation metrics and also base decisions on how the sector is trading. Tax-loss selling season in December and June/July is the best time for stink bids. During tax-loss season, company fundamentals do not factor into investors reason for selling and the sector is usually ignored by most during the “summer doldrums” in June/July. Best of luck.
+1
Hi Dave
Thanks for the feedback. How low below the spot price do you usually go? 10%? 20%?
David, What is jr producer name u mention?
Companies mentioned were Teranga Gold (TGZ.TO) & Americas Silver (USA.TO) I have been accumulating shares in both since mid-December. Best of luck
David, what was your overall return for 2018 ?
Junior portfolio return since 2016 is 126%
2016: 99% gain
2017: 45% gain
2018: 19% loss
Nice work David!
Hi David
From time to time you mention ‘stink bids’ and I was wondering what guidelines you use when setting your price target and duration. Sometimes a stock will drop 40 percent in one day when a poor drill result comes in. That could put you down 20 or 30 percent out of the gate.