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David Erfle

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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Gold Stocks Enter the Contrarian Dream Zone

(Kitco commentary) - The gold complex came under more pressure this week on the reiteration by the US, UK, and European central banks that they are willing to do whatever it takes to combat inflation at the Annual ECB Forum on Wednesday.

Another proposed major miner merger lifts the gold complex

(Kitco commentary) - In a sector where investor confidence is extremely low, mining companies re-kindled efforts last year to explore alliances and partnerships to bring promising projects online and share the risk between parties.

Dismal retail earnings induce gold sector bounce

(Kitco commentary) - With the Federal Reserve announcing its largest and most aggressive interest rate hiking cycle in 22 years earlier this month, the marketplace has been pricing in a likely upcoming recession.

Short-term gold sector pain setting the stage for long-term gains

(Kitco commentary) - Recent moves by the Federal Reserve have swiftly brought fear into the marketplace of a major policy error that could alternately lead to a slowdown in economic growth, combined with unstoppable inflation.

Gold holding key support during panic selling event in stocks

(Kitco commentary) - Aggressive central banks have replaced war concerns as the center of gold investorâ??s attention recently, amid a soaring U.S. dollar and sharply rising U.S. Treasury yields.

Gold bears set sights on critical support level into Fed week

(Kitco commentary) - Panic selling has triggered margin calls in the marketplace over the past week, as investors have finally decided it is time to prepare for the worst-case scenario - a Federal Reserve-induced recession.

Relative miner and silver weakness brings more caution into gold

(Kitco commentary) - As geopolitical uncertainty rises, along with the growing threat of stagflation and a potential recession, more investors are placing safe-haven capital into gold.

Gold posts its best quarterly gain since June 2020

(Kitco commentary) - With U.S. and European stocks posting their weakest quarter since the pandemic crash of 2020, Gold Futures gained 6.6% during a tumultuous Q1.

Gold's bullish technical set-up heading into quarter-end

(Kitco commentary) - After drifting sideways in a tight $100 range for nearly a year, the month of March has seen gold volatility increase significantly with its price trading within a $185 range, driven mostly by the financial fallout from the crises in Ukraine.

Gold rises as global central banks raise interest rates

(Kitco commentary) - As the Russia-Ukraine war continues with no end in sight, investors shifted their attention mid-week to the Federal Reserve's expected move to end three years of a highly accommodative monetary policy.