Pro gold stock investor David Erfle offers key advice for junior mining speculators from his two decades of experience investing in the junior gold mining sector. He also provides commentary on the recent gold and silver price action. Furthermore, David shares his analysis of I-80 Gold Corp. and why he is still holding onto the stock despite being down fifty percent from his purchase price.
David Erfle is a self-taught mining sector investor. He stumbled upon the mining space 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 complex, 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. David founded the Junior Miner Junky subscription-based newsletter in April, 2017 and writes a weekly column for precious metals news service Kitco.com, whose website attracts nearly a million visits every day.
0:00 Introduction
0:24 Gold & silver price commentary
1:22 Miners’ performance relative to gold price
4:30 “Sell in May and go away”
7:37 Leverage without miner risk
11:23 I-80 Gold Corp analysis
17:56 Bear markets end with short covering
19:34 Profile of junior mining executive who’ve made Dave money
21:20 Avoiding explorecos now
25:10 Prospect generators
26:38 Selling too late because you like management
30:30 Bull market differences between 2024 and 2016
35:34 Jr miner stop losses turned off now
42:45 Dave’s subscription service
David’s website: https://juniorminerjunky.com/
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