Dave Erfle, Editor of The Junior Miner Junky joins us to outline key technical levels for gold, silver and GDX, and what will drive the stocks to truly outperform.
We begin with a discussion on gold, noting its strong performance despite recent corrections. The conversation then shifts to silver, highlighting its significant moves and consolidation phases. Dave provides insights on key technical levels to watch for both metals, particularly focusing on support levels and moving averages.
The discussion also delves into the gold-silver ratio and its implications for the relative strength of mining stocks. Further, we look at the GDX chart and the performance of gold mining stocks, while emphasizing the importance of major players like Newmont for market sentiment. As we look ahead to the end of the quarter, we consider how improved profit margins in Q2 might impact the stock prices of both major and mid-tier mining companies.
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