It's not an accident that we got a move in the opposite directions gold and silver. Coming into the New Year everything was going for us. Juniors were leading the miners, metals were ready to take the lead. And then the rug was pulled out from under us all of us. David warned his subscribers that he was taking profits the first week of the year. The weekly gold close went under $1850. Is gold making a bear flag at $1850, which could portend more weakness to the sector. Last week was a sell the news event. Manipulation conitnues on. Real yields were rising. Dollar rebound started. Gold could go down to $1767!

In the precious metals sector, it's always a great idea to take money off the table. The March 2020 crash should have taught us some more valuable lessons that we didn’t need. Risk management is an absolute must. Take profits off the table at the beginning of the year. If any position gets over 10 percent, David will trim it down. Always be thinking of selling in the junior sector. Always hold your core. 

David gives us his take on Canadian private placements, he's had great success in the past. The rules keep getting worse for Americans. You need to be aware of the rules and legend removal process. Once the shares become free trading sell half and keep the warrants and your core holding. It all depends  upon the type of company you’re dealing with. Finally, David advises you to take a step back on a regular basis. Look at the 20 year gold chart regularly to gain perspective. This type of disciplined approach will keep your profits running and keep your risk manageable. 

Direct download: David_Erfle_13.Jan.21.mp3
Category:general -- posted at: 8:00am EST

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