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This interview was filmed on March 31, 2021.
Q1 2021 has been and gone, and for gold it was a period of downward momentum. The yellow metal fell about 10 percent to close the quarter around US$1,710 per ounce.
David Erfle, editor and founder of Junior Miner Junky, said he views gold’s price activity as a “healthy correction” from last summer’s all-time high.
“What we started was a very healthy correction. If we would have had just a correction down to maybe US$1,800, US$1,900 and then it took off again, then it would have been a problem later on because we would have had a strong(er) correction,” he explained.
#Gold #Investing #Mining
0:00 – Intro
0:19 – Factors holding the gold price back
2:58 – What to look for from the Fed
5:05 – Where is the bottom for gold right now?
7:48 – GDX and GDXJ performance
9:23 – Capital markets “extremely friendly”
11:03 – Gold market M&A potential in 2021
14:24 – Juniors drilling, watch area plays
16:55 – What David looks for in a junior
18:53 – Final advice and outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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