# “I Sold My Oil Stocks to Buy These Three Gold Stocks” - Pro Investor David Erfle

Page: https://stenobird.com/podcast/mining-stock-education-1396689/i-sold-my-oil-stocks-to-buy-these-three-gold-stocks-pro-investor-david-erfle
Text version: https://stenobird.com/podcast/mining-stock-education-1396689/i-sold-my-oil-stocks-to-buy-these-three-gold-stocks-pro-investor-david-erfle.md
Podcast: [Mining Stock Education](https://stenobird.com/podcast/mining-stock-education-1396689)
Published: 2026-08-06T11:14:04+00:00
Episode link: https://www.spreaker.com/episode/i-sold-my-oil-stocks-to-buy-these-three-gold-stocks-pro-investor-david-erfle--73552967
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Duration seconds: 1676

## Resource

Pro mining investor David Erfle of JuniorMinerJunky.com shares that he recently sold his oil stocks to purchase three gold stocks which he reveals. He also provides commentary on the gold and silver prices and shares how he is navigating the junior mining market. Erfle argues his prior “buy the boredom” message still applies, describing recent weakness as a sentiment washout with the gold miner’s bullish percentage index hitting zero for the first time since late 2015, alongside decade-low COMEX open interest—conditions he says can precede major bottoms. He contrasts investor interest in AI/SpaceX with miners’ record profits, strong margins, improved balance sheets, and cheap valuations, noting low volumes and continued disinterest. Erfle explains his approach: accumulate during capitulation, trim during parabolic “rhino horn” moves, manage exits stock-by-stock, and focus on undervalued juniors and potential buyouts He shares his portfolio performance history and a few specific examples. 00:00 Intro 00:38 Gold Bottoming Setup 03:17 Why Stocks Surge 04:15 Bottom Metrics History 06:00 Rhino Horns Strategy 09:11 Oil to Gold Rotation 10:21 Stock Picks Breakdown 13:52 US Permitting Fast 41 15:06 Newmont Cash Returns 16:19 Newsletter Sentiment Gauge 23:31 Retail Mania Still Absent David’s website: https://juniorminerjunky.com/ Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE…

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