Dave Erfle – Geopolitical Conflicts And Trade Wars Are Causing Gold & Silver Stocks To Pop While General Markets Drop
Dave Erfle, Editor of the Junior Miner Junky, joins us to discuss all the volatility in markets as a result of both geopolitical conflict and the economic uncertainty about the global trade wars underway. Gold, silver, and the precious metals stocks continue to be well bid and diverge from the continued decline in US stock markets. He believes this illustrates a rotation in capital as investors pull profits out of the highly-valued tech stocks and cryptocurrencies, and park some of it the safe haven of precious metals.
With regards to the gold it is continuing to be well bid above $2,900 but is overbought on the weekly and monthly charts and may be due for a rest. However, it is encouraging to see silver blast back up above the $33 level, and Dave notes some key overhead resistance levels in GDX and the ratio of gold to US equities that both look ready to break higher in a bullish posture. Additionally, we note the strength lately in a number of the silver stocks as another indicator that silver and the PM stocks may be signaling an extension of this bullish leg higher.
Wrapping up we discuss some nuances around which type of companies are continuing to get bids from investors. He points out that this is not a scenario where the whole sector is rising higher, and it is still important to pick quality stocks with the right fundamental ingredients. Another point raised is how critical it is for resource stocks to get their US listings on a big board exchange, allowing a larger pool of American capital and institutions to drive additional liquidity into their shares. Dave explains that he had a systematic approach and investing rules in place to keep him optimally positioned within his portfolio positions.
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Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter.
Nice to Santacruz Silver punch up out of that W-shaped double-bottom to put in a higher daily close today at $0.50, which was above the recent peak and left-hand side of that W at $0.48.
https://cdn-ceo-ca.s3.amazonaws.com/1jt22dd-Santacruz%20Silver%20-%202-year%20daily%20chart.JPG
What about that piece of sh_t. impact silver stock it’s garbage.
Impact Silver (IPT) was listed above and was up 2.63% today.
I’d say that is better than how most general equities in the US or Canada fared today, as they were mostly down in the red.
Yes, IPT was at the bottom of the range for the silver producers today, and has underperformed many of the silver producers and developers on some of the big rally days this year and even last year, but it typically will play catch up and then outperform much of the pack when things really get heated up in the sector.
Impact also has more leverage to it’s exploration results, and while they had some high-grade zinc and silver intercepts in Jan & Feb they were over pretty narrow intercepts of half a meter up to 2 meters. If they put out something a bit more zesty though, they are a small enough market cap stock to really move up big on good drill hits.
I’ll try to get Fred back on the show again soon for an update on operations and exploration, and did chat with him and the CFO Jerry about doing so at one point when we were at the VRIC.
Be interested in getting full update how things are progressing at Plomosas. …..and whether they should now be considered a zinc play instead of silver.
Loving this market so far. Dow ended almost 9% down from its’ high and my portfolio is less than 1% down. I keep adding slowly over the last few years and am now purchasing some beaten down conventional stocks (slowly). There will be other great bargains in the future as the conventional market continues under pressure. Slowly adding to my metal companies on pullbacks. Energy stocks are starting to look promising as are uranium companies again. However, there is no hurry to catch a “falling knife”.
https://www.eia.gov/outlooks/steo/index.php
R: Note the bullish NatGas outlook!
Warren Buffet issues bizarre housing Crash Warning!!!!!!! DT
Silver as a Hedge Against Market Chaos
Adam Sharp – The Daily Reckoning – March 11, 2025
“Headlines blamed yesterday’s crash on Trump. It’s the tariffs!”
“But I have a much simpler explanation: U.S. stocks have never been so overvalued. With stocks trading at nosebleed valuations, almost anything could catalyze a crash. Sure, tariffs played a role, but the underlying problem is the bubble itself. American stocks are priced for perfection, so anything less than that is bound to disappoint.”
“If this is the beginning of a new bear market, gold and silver offer an excellent place to hide out, and even make some gains as the market falls apart… During bear markets in stocks, gold and silver almost always outperform.”
“As I write this near noon on Tuesday March 11th, silver is up about 2% on the day. And miners are up sharply, with the largest silver miner ETF (SIL) up 3.5%. Meanwhile the largest junior silver miner ETF (SILJ) is up 4.9%.”
“If silver can break above the $35/oz range with force, I think we’re on our way to $50 and beyond…”
https://dailyreckoning.com/silver-as-a-hedge-against-market-chaos/
Banyan Hill’s March Issue just published my article in their Grey Swan Investment Fraternity:
Did The Nuclear Renaissance Just Get Canceled? w/ Shad Marquitz (see pages 9, 10, and 11)
https://banyanhill.s3.us-east-1.amazonaws.com/GSI/pdfs/2025/GSB.3.2025.pdf
Congrats Ex, but I’ve never heard of Banyan Hill until now. They have a lot of interesting articles. DT
Thanks man. Yeah, Banyan Hill is a division of Agora and more people are familiar with them.
https://www.tradingview.com/x/ZiHKUniH/
DOLLAR : Stabilizing : Turn Soon?
Opportunities In Growth-Oriented Silver Producers – Part 7 (Endeavour Silver)
Excelsior Prosperity w/ Shad Marquitz – 03/12/2025
https://excelsiorprosperity.substack.com/p/opportunities-in-growth-oriented-724
https://www.tradingview.com/x/yb8BuSwk/
GOLD : Possible Busted Gartley,
If So, Much Higher!
It was very nice to see all the green on the screen in the Silver producers today, when the general markets were taking it in the shorts. 🙂
Ticker – Silver Producers – Daily change percentage
EXK Endeavour Silver Corp. +24.18%
AYA.TO Aya Gold & Silver Inc. +15.70%
SCZ.V Santacruz Silver Mining Ltd. +12.36%
AG First Majestic Silver Corp. +10.45%
ASM Avino Silver & Gold Mines Ltd. +8.46%
SVM Silvercorp Metals Inc. +7.50%
APM.V Andean Precious Metals Corp. +7.50%
GGD.TO GoGold Resources Inc. +7.36%
MAG MAG Silver Corp. +7.33%
USAS Americas Gold and Silver Corporation +7.30%
FSM Fortuna Mining Corp. +7.17%
CDE Coeur Mining, Inc. +6.63%
SM.V Sierra Madre Gold and Silver Ltd. +5.56%
HL Hecla Mining Company +5.44%
PAAS Pan American Silver Corp. +4.66%
GSVR.V Guanajuato Silver Company Ltd. +4.55%
SSRM SSR Mining Inc. +4.43%
SMT.TO Sierra Metals Inc. +4.23%
AGX.V Silver X Mining Corp. +3.13%
IPT.V Impact Silver Corp. +2.63%
FRES.L Fresnillo plc +1.85%
HOC.L Hochschild Mining plc +0.95%