Dave Erfle - Gold Correction, Juniors Outperforming, $2.1B M&A Deal
Dave Erfle, founder and editor of The Junior Miner Junky, joins me to break down the latest moves in the precious metals markets and what they could mean for investors.
We begin with Monday’s sharp correction in gold and major mining stocks, driven by trade deal optimism between the U.S. and China. Dave explains why silver held up surprisingly well and what the resilience in juniors might signal about sector rotation.
Key topics include:
- A closer look at Pan American Silver's $2.1B acquisition of MAG Silver - one of the biggest silver M&A deals in years.
- The disconnect between strong ETF gold inflows and weak fund flows into GDX and senior miners.
- How Newmont's Q1 free cash flow surge and broad-based earnings strength are attracting generalist investors.
- Why a potential 15% gold price correction to $2,950-$3,000 could be healthy for the ongoing bull market.
- Outlook for continued silver M&A, with majors hunting for growth through acquisition.
We also touch on the macro backdrop, including the latest CPI data and the stagflation risk narrative building in U.S. markets. Dave highlights what he’s watching next, and why juniors with strong bases could be the next big winners in this cycle.
Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter.
