Make Kitco Your Homepage
David Erfle

David Erfle

Follow Author:

David Erfle founder of, 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.”
read full bio ▼

Bombed out junior miners creating an accumulative bottom

(Kitco commentary) - With a blistering short-covering rally in the gold complex taking place heading into this week, the positive impact of less-hawkish Federal Reserve comments faded while investors waited for more signs on the data front.

Peak Fed hawkishness sparks gold short squeeze

(Kitco commentary) - As telegraphed in this space last week, the gold complex was set up for a sharp move heading into this week's Federal Open Market Committee (FOMC) meeting results.

Gold bounces off critical support heading into Fed week

(Kitco commentary) - The gold price has been trading sideways since mid-2020, frustrating both bulls and bears while building cause for the next breakout in either direction.

Jay be nimble, Jay be quick to induce a gold reversal candlestick

(Kitco commentary) - There are the times that try Gold Bugs' souls. As the gold price continues to be hammered into the face of a parabolic U.S. dollar, the entire precious metal's complex has reached the “get me out at any price” capitulation phase to begin the second half of 2022.

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.

Gold rises in the face of more market turmoil

(Kitco commentary) - The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive surge in inflation. The central bank also projected a slowing economy and rising unemployment in the months to come.

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.