DAVID ERFLE – GOLD MARKET COMMENTARY – TUE 16 JAN, 2018 | KE Report

On Tuesday January 16, 2018, David Erfle (www.juniorminerjunky.com) shared his gold market commentary with Cory Fleck of the KE Report.  Below are some of the key highlights:

• USD closing below 91 on the week last week was very bearish for the USD.  If USD continues down, that is very bullish for gold.
• $1,375/ounce gold is a key technical level to breakthrough.
• Because of the booming US stock market (Dow at 26k) there is not the high volume in the gold stocks.
• David expects a 7-10% correction in the US stock market which will cause capital inflow into gold stocks.
• David believes there are still many good deals in gold stocks right now as long as the GDX remains below $25/share.
• Silver continues to lag, but David sees low-cost, primary silver producing juniors bifurcating from the market and getting close to 52-week highs.  This is a bullish sign for the gold mining sector.

Listen to David’s interview below: