Dave Erfle – Analyzing The Precious Metals Correction: Levels To Watch For Gold, Silver, GDX and GDXJ
Dave Erfle, Editor of the Junior Miner Junky joins me to discuss the recent correction in the precious metals and precious metals stocks. Dave provides insights into the current market trends, key support levels for gold and silver, and the impacts of political and economic factors including the U.S. election, China policy and Fed rate cuts. Additionally, the discussion covers the performance of major ETFs like GDX, GDXJ, and SIL, and what investors should watch in the coming weeks.
Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter.
Haha! Thanks for the kind words DT. I’m 48 (and do take a lot of supplements). 🙂
It looks like we might hit $2500 or less before Gold starts to go higher. Richard, have you bought any NFG yet! DT
Stay tuned for Richard (Doc) Postma’s interview on this weekend show… where he’ll provide some support targets for gold and we really get into the gold stocks.
Gold….. a hot knife thru butter or what ! The 50- 60 degree drop angle, has shorts emboldened and longs petrified………..this is by no means over ! Max Geopolitcs has gold topping out as well….war with Iran is the last hurray for gold !
Think it’s time to head back to the oil patch and collect 12-13 % div payouts on covered call etf’s till this terror attack on gold bottoms out ! GLTA
Selling gold here is like buying gold at 2800 a few weeks ago: the opposite of what you should do.
Silver has probably already bottomed and gold probably has less than 2% left to fall if it falls further at all.
The gold and silver miners were generally up today despite both gold and silver finishing lower. That leadership is not bearish.
Of course that’s my opinion and no indicator is even close to 100% accurate.
Daily and weekly IPT looks very good…
https://stockcharts.com/h-sc/ui?s=IPT.V&p=D&yr=1&mn=3&dy=0&id=p67636418176&a=824354573
Hi Ex, I was looking at your Bio on The Ker Report, all I’ve got to say is pretty damn impressive. You rise to the top like cream in a milk bottle, when I look at you on You-Tube you look a lot younger than you are, it must have something to do with the vitamins, minerals, and supplements you are taking. LOL! DT