Gold Prices Starting Their Ascent - David Erfle #5331

Summary: What’s going on with the price of gold, and has it bottomed? I sit down and chat with David Erfle, a self-taught mining sector investor, to discuss what’s happening with this portion of the precious metals sector. On the last day of the quarter, gold had a huge reversal, and its price hasn’t looked back since. Erfle advises us to expect the unexpected, and not to rule anything out wen it comes to this sector.

Highlights: -What’s going on with the price of gold? Has it bottomed? -You can never leave certain price points off the table in the gold sector -On the very last day of the quarter, gold had a huge reversal and the price hasn’t looked back since -You have to be mindful of resistance points -Before gold started going up, the stocks started leading again -Volume on up days has been higher than volume on down days, which is a sign of accumulation -The upward moves with gold need to happen slowly in case anything happens -Inflation is probably not coming down any time soon

Useful Links: Financial Survival Network Junior Miner Junky Gold Will Be Off to the Races When We See This with Pro Mining Investor David Erfle Where Are Gold and Silver Prices Headed? with David Erfle