“Value is Now in High-Risk Junior Miners” says Pro Investor David Erfle

Pro Investor David Erfle now sees value in the higher-risk junior miners. David was hesitant to move his investment capital down the food chain into the smaller juniors. But now he sees profit-taking in the major majors which is trickling down into fund flows into the juniors. David shares his commentary on recent precious metals and miner price action. He also discusses how he has managed his portfolio over the past month.

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

0:46 Portfolio moves?

7:00 Fund flows into juniors

10:39 Bull market scumbaggery

13:54 Copper

14:59 Value in high-risk juniors now

16:00 Bull market portfolio management

17:01 Pan American Silver buys MAG Silver

18:34 2011 silver bull market wins

20:58 JMJ sentiment indicator