Dave Erfle, Editor of The Junior Miner Junky, joins us to discuss the various geopolitical and financial factors that are driving more investor interest out of traditional equities and high-flying tech stocks, and into hard assets like gold, silver, and the commodities. We review some of the recent technical levels hit in gold, and what pricing areas Dave is watching for as support and resistance. Despite how well the gold price has done, this hasn’t translated over into the kind of leverage in the gold stocks that many investors expected, and so we review some of the reasons that have held these PM equities back.
Silver has also done well lately, along with copper, oil, and many commodities, and while some of the more senior producers have had some investor inflows, we have not seen that filter down into many of the juniors yet. Dave outlines that it is critical to see silver break above $30, while the gold:silver ratio breaks below 80 to bring the animal spirits back into the more speculative portion of the precious metals stocks.
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