In this KE Report Daily Editorial, we’re joined by Dave Erfle, Founder and Editor of The Junior Miner Junkie, to discuss gold’s breakout to $4,000/oz on the futures market, what it means for investors, and how to navigate potential corrections in precious metals equities.

Key Discussion Highlights:

Gold at $4,000:

Gold futures closed at $4,002, achieving the long-discussed target. Dave explains how this “sell-the-news” reaction triggered weakness across gold equities (GDX, GDXJ) and silver, which remains volatile but in a firm uptrend.

Overbought but strong:

After seven consecutive weekly closes above the upper Bollinger Band, the gold-stock sector is due for a cooling period. Dave highlights support levels near $3,750 and $3,500 in gold and why geopolitical turmoil and debt pressures will likely limit downside moves.

Stock selection over timing:

While a sector correction may loom, Dave stresses that high-quality juniors remain deeply undervalued, often trading at $20–$30/oz in the ground versus producers’ record margins. He reveals he’s still buying selectively, especially pre-PEA stage juniors with strategic partners and strong financing.

Developers taking control:

Many mid-tier and silver developers are now self-financing projects and hiring build-ready teams - showing intent to construct rather than wait for takeovers. Dave cites examples like Vizsla Silver (TSX.V:VZLA) and AbraSilver (TSX.V:ABRA), both well-funded ahead of definitive studies.

Timing the Lassonde Curve:

Dave discusses holding through the construction-to-first-pour phase, the “second wave” of the Lassonde Curve where re-ratings often occur, citing Montage Gold (TSX.V:MAU) as a standout 10-bagger in his portfolio.

Silver’s massive setup:

Silver’s 45-year cup-and-handle breakout has Dave especially bullish. He’s positioned in 14 high-torque silver juniors, seeing potential for an explosive move as silver plays catch-up to gold’s long-term breakout.

Stocks Mentioned:

GDX, GDXJ, NEM, VZLA.TO, ABRA.TO, MAU.TO, SKE.TO, TLG.TO, COMEX Gold Futures

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Investment disclaimer:

This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.