Episode
Dave Erfle – Technical Outlook and Investing Insights Around The Recent Pop Higher In The Precious Metals Sector
- Podcast
- The KE Report
- Published
- May 12, 2026
- Duration seconds
- 879
- Processing state
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Summary
[We had some technical challenges with Dave's audio, and cleaned it up as good as possible, but felt the content was so relevant that it was important to get it out to KER listeners] In this Daily Editorial, we are joined by Dave Erfle, Founder and Editor of Junior Miner Junky, to discuss some fundamental and technical investing insights around the recent pop higher in the precious metals sector. Gold, silver, and the PM stocks have been moving up the last 2 weeks, and copper has been trading up at all-time highs the last few trading sessions. Dave reviews the macroeconomic factors moving the larger markets but balances out the longer-range trends with some more near-term technical levels he is watching. He also provides some fundamental insights into some of the stocks held in the JMJ portfolio, and how he is managing this current environment. Key discussion points include: Macro Market Movers and Geopolitics: He discusses the soaring oil and gas prices and global food scarcity due to the war in the Middle East and continued closure of the Strait of Hormuz as factors creating uncertainty in the markets. However, Dave points out that none of the fundamental drivers behind gold’s ascent have changed, from sovereign debt to central bank buying, and lack of open interest in the COT. Technical Outlook on Gold and Silver: The precious metals have been stuck in rangebound trading and a consolidation for the last 7 weeks, and he feels it would be healthy to see things consolidate a bit longer, to build the energy to really move higher. Dave would like to see gold break out above $4,900 and for silver to break decisively above $90 to get more confident that this consolidation phase has run its course. The Gold Miners Bullish Percentage Index: Dave has pointed out the last few…