Bullish Setup for Junior Gold Miners: Accumulate on Pullbacks explains Pro Investor David Erfle

Pro investor David Erfle of Junior Miner Junky provides commentary about gold, silver, and junior miners after a sharp correction. Erfle says the current “boring” 2–3-month consolidation is bullish base-building after roughly 200% moves in GDX/GDXJ, noting relative strength in the TSX Venture and miners versus silver, and COMEX open interest at 20-year lows as gold rises without heavy speculator leverage. He highlights strong central-bank physical buying and dollar diversification (including China’s continued purchases). Erfle discusses his approach of accumulating and trimming positions, his 23-stock junior portfolio and watchlist, a preference for earlier-stage sub-$150M market-cap names, due-diligence red flags for late-stage developers, and why Newmont’s strong earnings and free cash flow are positive for the sector, while also addressing insider selling and subscriber concerns.

00:00 Intro

00:26 Gold Silver Pullback

00:59 Bullish Consolidation Signs

03:33 Comex & Central Banks

06:26 Accumulate Juniors

08:15 Trim Profits Strategy

10:36 Developer Due Diligence

11:31 Early-Stage Focus

13:00 Newmont Earnings Impact

16:42 Insider Selling Signals

18:04 Subscriber Questions

22:09 Disciplined Seling