Dave Erfle, Founder and Editor of the Junior Miner Junky, joins us to discuss the wild swings in volatility in most markets after the FOMC meeting earlier this week, and we note the general lack of interest from generalists in holding gold as a safe haven or in resource investors putting a bid in the PM mining stocks.
Dave outlines similarities in this current low volume apathy in the gold and silver mining stocks as reminiscent to the period in late 2015 to early 2016, prior to that Fed rate hike cycle. We wrap up noting that while we are seeing deeply discounted valuations across the board in precious metals stocks, that this is how things normally look during bottoming periods where most investors exit at precisely the wrong time.