In this interview, professional mining investor David Erfle, the Junior Miner Junky, provides his current commentary on the junior gold sector and how he is managing his personal mining stock portfolio. He explains why he recently sold some gold stocks. And David offers advice to novice gold stock investors just beginning to build a portfolio.
0:00 Introduction0:50 Why I'm selling some gold stocks now2:42 Removing political bias regarding your gold stock investments4:54 Tax loss selling a concern?7:24 Advice for new mining speculator building an initial portfolio9:34 Better for some investors to just by GDXJ?10:25 Integrating top-down and bottom-up approaches13:43 Applying technical analysis to junior mining stocks
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.