How to Capture “Pendulum Profits” amidst Junior Mining Sentiment Swings with David Erfle

David Erfle of JuniorMinerJunky.com joins Bill Powers for their monthly check-in, right after the midterm elections and a sharp rebound in gold and silver. Erfle explains why he called January’s VRIC euphoria an intermediate-term top. He then explains why the black-bearish mood at the late-October New Orleans Investment Conference looked like a bottom, and why he was buying on October 30th. He compares this correction with 2008 and argues that today’s miners are fundamentally different. He also walks through his profit-taking discipline, a tax-loss rotation out of an under-funded drill play, and the macro backdrop into year-end.

00:00 Intro

00:32 Gold Silver Rebound

00:52 Sentiment Tops Bottoms

03:13 Election False Breakdown

05:17 Miners Relative Strength

06:42 Portfolio Risk Management

09:43 Selling & Rotations

14:50 Sentiment

18:06 Macro Events Debt Fed