Dave Erfle, Founder and Editor of The Junior Miner Junky, joins us to review the strong daily rebound in gold within the context the last few weeks of the precious metals consolidating in sideways channel. The larger technical setup is still bullish and we reflect on the constructive nature of gold hanging around the $2000 level and silver hanging above $25. The miners have been a bit weaker lately, where we note the 10% corrective move in GDX and GDXJ on lower volumes. Even though the PM sector has had a nice rally for the last 6 months, ultimately it is going to take a breakout and monthly close above $2100 in gold to really bring in any more meaningful buying into the sector.
We touch on a number of the macroeconomic data points to be announced over the next 2 weeks that may move the markets, and also look at how the US dollar, interest rates, and general equities may factor into PM sector. We wrap up with firing off a few questions for The Junior Mining Junky to field on how he approaches investing in the junior gold and silver mining stocks, and what he looks for in quality exploration and development companies.
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