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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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Central bank rate hikes whipsaw gold traders

(Kitco commentary) - The gold price began the week with a technically bullish monthly close near $1950 on Tuesday.

Gold consolidating gains above $1900 into Fed week

(Kitco commentary) - The gold price is up over $100 in the first month of 2023, its best start to the year since 2012. After a false breakout to the downside during the final quarter of 2022, gold has zoomed $332 an ounce from its November low at $1618.

Junior gold stocks are poised to outperform in 2023

(Kitco commentary) - With the rally in gold prices over the past two months having defied analyst expectations for continued weakness, precious metals remain under-owned and out of favor despite their strong relative and absolute performance into 2023.

Global swapping of dollars for gold has $2000 per oz in view

(Kitco commentary) - On Thursday, Gold Futures breached $1900 per ounce for the first time in eight months after growth in U.S. consumer prices and inflation slowed as forecast in December, aiding the Federal Reserve’s goal of continuing with smaller rate hikes in 2023.

Gold continues to climb a wall of worry into 2023

(Kitco commentary) - After two years of consolidating huge gains made during the early stages of the pandemic in 2020, the gold price comes into the new year climbing another wall of worry.

Central bank rate hikes pressure gold below $1800

(Kitco commentary) - Just ahead of the final FOMC meeting in 2022, Gold Futures briefly traded where they began the year above $1830 per ounce on Monday.

Gold’s tailwinds blowing stronger into Fed week

(Kitco commentary) - After December began with an explosive move to the upside, Gold Futures are currently consolidating in a short-term consolidation triangle between the double top at $1825, down to the $1,780 floor that has been this week’s range low.

Gold begins December zooming above key resistance at $1800

(Kitco commentary) - After ending an unprecedented seven-month losing streak by rising over 7% in November, gold began December with its largest one-day gain in two years.

Gold tailwinds now much stronger than its headwinds

(Kitco commentary) - After an unprecedented run of seven consecutive monthly losses in Gold Futures, November has begun with a strong two-week upside reversal of $170 amid growing expectations that the Fed is edging closer to a potential “pivot” away from aggressive interest rate hikes.

M&A heats up as gold miners carve out a significant bottom

(Kitco commentary) - In a sector where investor confidence has been extremely low for the past several months, mining companies have begun to re-kindle efforts to explore alliances and partnerships to bring promising projects online and share the risk between parties.