Dave Erfle – Fed And Other Factors Driving Precious Metals Lower, Where Is A Bottom & Where Are The Stocks Going?
Dave Erfle, Editor of the Junior Miner Junky joins me to discuss the ongoing correction in gold, silver, GDX, GDXJ and SIL.
The Fed’s decision to cut rates by 25 basis points and its revised projections for only two more rate cuts in 2025 have led to significant market reactions. We delve into the price movements of gold, which is currently around $2,600, and silver, which has dipped below $30.
Dave provides insights into the eight-week consolidation triangle for gold and discusses the potential for further corrections. We explore the impact of geopolitical events, including Trump’s policies and international government collapses, on gold prices. The discussion also covers investor sentiment, trends in gold and silver equities, and portfolio strategies heading into the new year. Despite the volatility, Dave stresses that corrections are a normal part of a healthy market. We conclude with reflections on the year, projections for the coming months.
Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter.
Hi Nawanda, you are mostly correct but there are a few juniors that have a fantastic future ahead of them that I would consider an investment because their projects will become a very profitable mine. I think New Found Gold Corp. falls into that category. Especially when you consider NFG is selling for $2.27 CDN or $1.56 US. DT
About New Found Gold Corp.
New Found holds a 100% interest in the Queensway Project, located 15km west of Gander, Newfoundland and Labrador, and just 18km from Gander International Airport. The project is intersected by the Trans-Canada Highway and has logging roads crosscutting the project, high voltage electric power lines running through the project area, and easy access to a highly skilled workforce. The Company is currently undertaking a 650,000m drill program at Queensway and is well funded for this program with cash and marketable securities of approximately $28 million as of December 2024.
Nefoundlanders highly skilled, really?
Ditto Nawanda…………
Someday that will change…. Silver is in the ditch and has been for a decade….
GOLD has carried the sector… JMO……
There is literally no one interested in this sector. It’s really been like that for quite a while (2011?) Gold is doing well, and has been for 5+ years, but the equities are a trading option, not investment. Only WPM/RGLD/FNV could be considered an investment.