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David Erfle

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David Erfle founder of www.juniorminerjunky.com, is a 52 year old self-taught mining sector investor. He stumbled upon the mining sector 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 sector 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. He personally survived two bear markets, witnessed incredible sector changes and had to alter his investment philosophy numerous times in order to adapt to changing market conditions.

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Latest Archive

Three white soldiers leading charge to an imminent gold breakout

Friday December 1, 2023 09:02AM

(Kitco commentary) - After a week of light holiday trading volume in the gold space, further weakness in the U.S. Dollar coming into the last week of November took the USDX below critical support at 103.

Gold Corrections Now Shorter on Concerns of a U.S. Debt Spiral

Friday November 17, 2023 09:27AM

(Kitco commentary) - After plenty of hawkish Fed-speak kept pressure on the gold price last week, along with the Middle East war premium being eroded, Gold Futures have quickly moved back up to test the bullion banks Maginot Line of critical resistance at $2000 per ounce.

Gold bracing for a coming major shift in central bank policy

Friday November 3, 2023 10:12AM

(Kitco commentary) - With Middle East worries, chaos in U.S. government, and rising bond yields creating uncertainty in the marketplace, the gold price rose nearly $200 in October to close just below the key $2000 level on Tuesday.

Gold consolidating recent gains at $2000 into Fed week

Friday October 27, 2023 09:29AM

(Kitco commentary) - Demand from investors seeking a haven against weakness in stocks and bonds, as well as geopolitical turmoil in the Middle East, has been pushing both gold and the U.S. dollar higher.

Gold prepares for a breakout as its safe-haven status returns

Friday October 20, 2023 08:39AM

(Kitco commentary) - After a waterfall decline into the first week of October, the gold price has been on an unstoppable move higher when war fears entered the marketplace last week.

Waterfall decline in gold induces miner capitulation

Friday October 6, 2023 09:26AM

(Kitco commentary) - The headwinds from persistent strength in the U.S. dollar and 10-year bond yields moving closer to 5% have proved too much for the gold market as prices have fallen to their lowest level since March.

Gold futures are building a new floor at $1900

Friday September 1, 2023 10:03AM

(Kitco commentary) - After an introduction to a U.S. regional banking crisis in March took the gold price from just above $1800 to over $2000, Gold Futures have been consolidating those outsized gains by carving out a bullish flagging pattern between $1900 and $2000 for the past five months.

Gold Futures Move Towards Key $1900 Support into Jackson Hole

Friday August 18, 2023 01:30PM

(Kitco commentary) - After continued U.S. economic strength announced this week, the likelihood of another Fed rate hike by November moving closer to 50% has taken Gold Futures closer to key technical support at $1900.

Gold futures remain in uptrend with an expected Fed pause

Friday August 11, 2023 11:21AM

(Kitco commentary) - The gold market did not see much of a reaction after CPI inflation cooled slightly more than expected on Thursday, followed by a mildly hotter-than-expected PPI inflation report this morning. U.S. CPI annual inflation rose 3.2%, up from 3% in June, while PPI inflation for July came in at up 0.3% from June.

Gold positioning for a breakout after bottoming in June

Friday July 14, 2023 10:10AM

(Kitco commentary) - With most investors having given up on the ancient metal of Kings during summer doldrums, the gold bull is positioning for an historic breakout with very few riders left on board.