Dave Erfle, Founder and Editor of The Junior Miner Junky, joins us to review precious metals rally of the last 2 weeks, fueled by banking uncertainty and upcoming Fed policy expectations. Now that the PMs are digesting and consolidating this recent blast higher, he provides the technical levels he is watching in gold. Dave points out that across the board, gold has been outperforming most other asset classes from stocks, to bonds, to energy, and in relation to most other commodities or currencies.
It has been frustrating to see the gold and silver stocks not providing the anticipated upside leverage to the moves in the underling metals; however, Dave remains firm that seeing gold close on a monthly and quarterly basis over the key psychological $2000/oz resistance area is what should be a major driver to bring more generalists into the PM sector. His advice to investors is that it’s better to be frustrated while accumulating into weakness, rather than to be out of position for a breakout and then be frustrated chasing the FOMO higher.
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