Nov 22, 2021
Summary:
What’s going on with the price of gold, and has it bottomed? I sit
down and chat with David Erfle, a self-taught mining sector
investor, to discuss what’s happening with this portion of the
precious metals sector. On the last day of the quarter, gold had a
huge reversal, and its price hasn’t looked back since. Erfle
advises us to expect the unexpected, and not to rule anything out
wen it comes to this sector.
Highlights:
-What’s going on with the price of gold? Has it bottomed?
-You can never leave certain price points off the table in the gold
sector
-On the very last day of the quarter, gold had a huge reversal and
the price hasn’t looked back since
-You have to be mindful of resistance points
-Before gold started going up, the stocks started leading again
-Volume on up days has been higher than volume on down days, which
is a sign of accumulation
-The upward moves with gold need to happen slowly in case anything
happens
-Inflation is probably not coming down any time soon
Useful Links:
Financial Survival Network
Junior Miner Junky
Gold Will Be Off to the Races When
We See This with Pro Mining Investor David Erfle
Where Are Gold and Silver Prices
Headed? with David Erfle