from Kerry Lutz's Financial Survival Network
David Erfle is a self-taught mining sector investor, and the brains behind JuniorMinerJunky. We just went through the usual precious metals bottom in late July, early August. Volume on juniors is completely anemic. GDXJ has double bottomed which is usually a very bullish sign. David sat down with us to give an update gold, silver and mining stocks. Mining stocks have continued to go down leading to investors take tax losses in the summer, which is quite unheard of. David says this is the exact time when the opportunity in the sector is greatest, at the bottom. Therefore, you need to have a watch list and be ready to pounce. The juniors are in particularly strong position now. Since the last move up, they’ve cashed up and are ready to go. Drilling programs are happening right now and results are being release. There’s lots of value in the sector. Of course it’s always possible we could have another down leg that drops gold to 1600-1650. in this sector you never know. However, = if gold stays above 1750 it will soon be off to the races. The Fed is working overtime on pushing gold prices higher. It finally admitted what we all know, inflation is here to stay, and with its decision to not raise rates or taper, the secret is out of the bag.
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from Kerry Lutz Podcasts – Financial Survival Network https://ift.tt/3isG48B
