Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
Story Views
Now:
Last hour:
Last 24 hours:
Total:

The Recent Gold Price Decline with David Erfle

% of readers think this story is Fact. Add your two cents.


from Kerry Lutz’s Financial Survival Network

David Erfle founder of JuniorMinerJunky.com, is a 52 year old self-taught mining sector investor. The big picture. Gold bottomed at 1050 and just about doubled to 2063 in August 2020. It has now retraced 30 percent of its gain, exactly. The decline was orderly in the metal and the stocks as well. We had a parabolic move in gold and of course it’s going to retrace. It’s a very healthy correction. I could come down and test the 1580-1600 level. The algos. As predicted from 1850 down to 1670. The Dow Jones Industrials have become the stock market leader. The louder the cries of a crash, the more the shorts are going to get hit. Yields have had an impact. But Friday, gold had an upside reversal in spite of yield. The gold miners started showing relative strength in the face of the metals decline. Silver has been holding its own. It hasn’t broken $30 yet, but that’s a major resistance point. It’s not even close to it’s $50 high. It’s maintaining. The silver juniors predicted the move. They’re building a base to go higher. It’s always a bullish sign when silver shows strength in the face of lower gold prices. This is actually a gift. All the juniors are cashed up. Money keeps pouring into the sector. A lot of quality juniors have corrected 30-40%. But they’re up several times. They’re at a great entry point. It’s an amazing time. In spite of or maybe because of the trolls. Dr. Copper is sounding the alarm on inflation, among other things. Rising rates are supposed to kill commodities, but the converse is true. Rising rates are actually a net positive for metals. David sold a few stocks for company specific reasons and to raise cash ahead of the Fed.

Click Here to Listen to the Audio

Sign up (on the right side) for the free weekly newsletter.



Source: http://www.financialsurvivalnetwork.com/2021/03/the-recent-gold-price-decline-with-david-erfle/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.