David Erfle

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David Erfle

David Erfle stumbled upon the mining space in 2003 as he was looking to invest into a growing sector of the market. After researching the gains made from the 2001 bottom in the tiny gold and silver complex, he became fascinated with this niche market. So much so that in 2005 he decided to sell his home and invest the entire proceeds from the sale into junior mining companies. When his account had tripled by September, 2007, he decided to quit his job as the Telecommunications Equipment Buyer at UCLA and make investing in this sector his full-time job. David founded the Junior Miner Junky subscription-based newsletter in April, 2017, which has assisted in educating thousands of investors to become successful speculators in the extremely challenging precious metals junior resource equity space.

Latest

Gold gets trumped into an overdue correction

(Kitco Commentary) - On the Friday before election week, gold volatility had already begun to increase in anticipation of election uncertainty ending.

Nov 15, 2024 - 10:40 AM

Gold volatility increases with 3 major events on tap next week

(Kitco Commentary) - Another month in the books and another record close for the gold price, despite a strong October rebound in the U.S. dollar and Treasury yields.

Nov 01, 2024 - 10:04 AM

Rate cuts and war fears power gold futures above $2700

(Kitco Commentary) - Despite signs that the U.S. economy is still strong and the U.S Dollar Index rising 3.6% from a 2-year low struck in late September, Gold Futures closed above $2700 on Thursday and is now up over 30% on the year.

Oct 18, 2024 - 9:39 AM

Gold is rising exponentially along with government debt

(Kitco Commentary) - Technically overbought Gold Futures began the week with more healthy profit taking from last Thursday’s record high above $2700. This is also a “Golden Week” holiday in China that will end on Monday.

Oct 04, 2024 - 11:14 AM

With gold at all-time highs, silver remains cheap

(Kitco Commentary) - While the gold price has rallied from a 13-year cup & handle breakout at $2100 in March to post 38 seperate all-time daily closing highs, the recent rise in silver has not garnered much attention.

Sep 27, 2024 - 9:29 AM

After the Fed cuts bigly, gold gets comfortable above $2600

(Kitco Commentary) - Going into what was arguably the most highly anticipated week of the year, and possibly the most pivotal moment in U.S. monetary policy history, the Federal Reserve began an expected easing cycle with a 50-basis point rate cut on Wednesday.

Sep 20, 2024 - 9:19 AM

M&A heats up in the mining space into conference season

(Kitco Commentary) - Big money traders and fund managers returned to their respective trading desks Tuesday from extended summer vacations.

Sep 06, 2024 - 9:40 AM

Dovish Fed-speak and war fears send gold to all-time highs

(Kitco Commentary) - Gold Futures have rallied to fresh record highs three times over the past three weeks, topping $2500 an ounce with the potential to rise even further as the perfect storm of potential rate cuts, war fears, and rapidly rising debt levels continue to support record high prices.

Aug 02, 2024 - 9:45 AM

Gold backs off all-time high into miner’s Q2 earnings season

(Kitco Commentary) - From a successful test down to its rising 18-week moving average near $2300 in late June, August Gold quickly regained the $2400 threshold before achieving a new all-time high at $2488 this Wednesday.

Jul 19, 2024 - 11:44 AM

Gold firms above key $2300 support into the last week of Q2

(Kitco Commentary) - Following a major breakout with a Q1 basis close above former 13-year resistance at $2000, a blistering 9-week $450 move saw Gold Futures become extreme overbought into blue-sky territory at $2450.

Jun 21, 2024 - 10:16 AM

Gold and silver volatility increases heading into Fed week

(Kitco Commentary) - Sentiment towards gold continues to be supported by fears over U.S. government debt, the anticipated arrival of rate cuts, elevated geopolitical tensions, and economic uncertainties.

Jun 07, 2024 - 11:49 AM

Technical silver breakout confirmed as stagflation fears mount

(Kitco Commentary) - Silver prices have surged to their highest levels since December 2012, driven by robust industrial demand and expectations of Federal Reserve interest rate cuts.

May 31, 2024 - 5:20 PM

Multiple catalysts are supporting higher metals prices

(Kitco Commentary) - Last week, I called to your attention to both silver and the miners being in the process of leading gold higher.

May 17, 2024 - 1:14 PM

The miners and silver are leading gold’s next move higher

(Kitco Commentary) - After another volatile Fed Week, the gold price continues to consolidate recent outsized gains within a $150 range as high interest rates persist and many economists are cutting their forecasts for a rate cut in 2024 to possibly only one in Q4.

May 10, 2024 - 9:15 AM

Top gold miner blow-out Q1 has shorts running for cover

(Kitco Commentary) - With the gold price becoming extreme overbought following a $450 move to the upside from its major bottom at $2000 in mid-February, a healthy correction of outsized gains continued this week.

Apr 26, 2024 - 9:42 AM

War fears keeping gold in high consolidation around $2400

(Kitco Commentary) - Within six weeks after the major breakout above $2100, gold has gone through $2300 and quickly moved over $2400, suggesting that $2500 is within sight.

Apr 19, 2024 - 1:35 PM

Powerful gold breakout moves closer to $2500 technical target

(Kitco Commentary) - Another day, another all-time high for the gold price. Since the last week of March, Gold Futures have risen over $250 to move above $2400 as I type this column while trading up 11 of the past 13 Comex sessions.

Apr 12, 2024 - 10:04 AM

Junior gold and silver stock trains are leaving the station

(Kitco Commentary) - Despite a multi-month high in the U.S. dollar and rising Treasury yields, Gold Futures posted an all-time high at $2238 at the end of Q1. This significant event has shifted risk to the upside in the precious metals complex.

Apr 05, 2024 - 9:39 AM

Gold rests as silver and the miners begin catching up

(Kitco Commentary) - After a sharp two week rise into blue-sky territory above $2200, which saw gold move up $150 during 8 consecutive positive trading sessions, short-term extreme overbought Gold Futures were due for a rest coming into a heavy U.S. data schedule this week.

Mar 15, 2024 - 12:09 PM

PDAC Curse Reversed Again as Regional Bank Fears Return

Each year, during the first week of March, investors, analysts, mining executives, prospectors, geologists, government officials, and students from 135 countries descend upon the Metro Toronto Convention Centre in Canada to attend the world’s largest mining convention. The Prospectors & Developers Association of Canada (PDAC) is the world’s premier mineral exploration and mining event, which is packed into four days of round-the-clock networking and attended by a cornucopia of who’s who in the mining biz.

Mar 08, 2024 - 9:38 AM

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