Dave Erfle - Precious Metals Pullback, Key Levels To Watch For Gold, Silver, GDX And GDXJ
As pretty much every market is red today in this segment I focus on the pullback in gold, silver and the gold stock ETFs, GDX and GDXJ. Dave Erfle, Fonder and Editor of the Junior Miner Junky joins me share his outlook when it comes to prices for the precious metals and the equities.
We outline key levels to watch, that are currently support, and how the upcoming Fed meeting and jobs data could be the next catalyst.
I also ask if broad market weakness could impact the metals equities as well as the news Dave is looking for to drive individual stocks higher. We wrap up with a comment on smaller silver miners and if Dave is looking at investing in these stocks now that the silver price is in the high 20s.
Click here to visit Dave's website - The Junior Miner Junky - https://www.juniorminerjunky.com/
Timestamps
0:00 - PMs Tuesday correction
2:08 - If gold breaks $2,300, is $2,200 next?
2:51 - Does silver need to hold $26?
3:43 - GDX 32-32.50 range, GDXJ 40 level
5:02 - Chart patterns to watch for GDX and GDXJ
6:30 - Does US market weakness bleed into PM stocks?
8:02 - Rotation trade into commodities
9:39 - Portfolio comments
11:16 - Small silver miners, possibly starting to make money, investment angle
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Disclaimer: The content in this podcast is not intended to be financial advice. It is meant for educational and entertainment purposes only.
