Pro Buying Tips for Junior Mining Tax-loss Selling Season with Investor David Erfle

Investor David Erfle offers pro buying tips for junior mining tax-loss selling season in this MSE episode. He also discusses where he expects the gold price to go under Trump. Furthermore, David shares how he is positioning his junior mining portfolio and reveals what he considers when selling a junior mining stock.

David Erfle is a self-taught mining sector investor. He stumbled upon the mining space in 2003 as he was looking to invest into a growing sector of the market. After researching the gains made from the 2001 bottom in the tiny gold and silver complex, he became fascinated with this niche market. So much so that in 2005 he decided to sell his home and invest the entire proceeds from the sale into junior mining companies. When his account had tripled by September, 2007, he decided to quit his job as the Telecommunications Equipment Buyer at UCLA and make investing in this sector his full-time job. David founded the Junior Miner Junky subscription-based newsletter in April, 2017 and writes a weekly column for precious metals news service Kitco.com, whose website attracts nearly a million visits every day.

0:00 Introduction

0:57 Gold price under Trump

5:12 Miners’ performance relative to gold price

6:55 When to buy during tax loss selling season

9:51 Wanting to sell, but waiting to sell a junior

12:18 Lassonde curve development trough too long

14:22 Current opportunities

16:39 Fully financed pre-production companies

18:43 Unknown risks in junior mining

21:20 “Put yourself in the position to be lucky”

24:36 How Dave consumed mining newsletter content

26:03 Miners and silver will tell you when gold will bottom