Dave Erfle - Gold Price Surge, Asian Demand Soaring, and Junior Miner Momentum

The KE Report

Gold continues to outperform pretty much every asset class, rallying over $100 to surpass $3,400/oz, after a recent quick correction and major Asian markets being closed. Dave Erfle, founder of the Junior Miner Junky, joins us for a wide-ranging conversation on gold’s latest surge and what it means for investors in both major producers and junior explorers.

Key Themes Covered:

• Asia driving demand: We break down the resurgence of Chinese and Indian buying, record Shanghai Gold Exchange volumes, and what this eastward shift in pricing power signals for the global gold market.
• Geopolitical catalysts: Ongoing tensions across multiple regions, from the Middle East to Asia, are creating the kind of safe haven bid gold thrives on. On top of that, faith in US government bonds and fiat currencies erodes.
• Gold vs US assets: With US equities underperforming and bonds falling out of favor, gold, and notably gold stocks, are becoming the new capital safe haven.
• The juniors are catching fire: Dave highlights a rotation underway as investors start locking in gains from major miners and redeploying into undervalued developers and PEA-stage companies, many with projects far more valuable at current spot prices than their market caps reflect.

We also explore the role of interest rates, the Fed’s fading influence, institutional inflows into gold ETFs, and the growing disconnect between gold and the broader stock market.

Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter.