“Gold Stocks Still Have to Catch Up to the Gold Price” says Pro Investor David Erfle

Pro Investor David Erfle believes “gold stocks still need to catch up to the gold price.” He provides commentary on recent precious metals and miner price actions, discusses how he has managed his portfolio over the past month and shares where he currently sees value.

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 Intro

0:42 Gold and Silver Market Analysis

3:20 Newmont and Generalist Investors

7:11 Company Financial Health and M&A Activity

9:09 Investment Strategies and Tax Considerations

13:18 Commodity Ratios and Market Trends

15:04 Private Placements and Market Listings

22:29 Junior Miners and Market Sentiment

28:55 Conclusion and Final Thoughts