Pro mining investor David Erfle of JuniorMinerJunky.com explains his current gold stock strategy and the needed psychology of a successful junior mining speculator. Erfle argues his prior “buy the boredom” message still applies, describing recent weakness as a sentiment washout with the gold miner’s bullish percentage index hitting zero for the first time since late 2015, alongside decade-low COMEX open interest—conditions he says can precede major bottoms. He contrasts investor interest in AI/SpaceX with miners’ record profits, strong margins, improved balance sheets, and cheap valuations, noting low volumes and continued disinterest. Erfle explains his approach: accumulate during capitulation, trim during parabolic “rhino horn” moves, manage exits stock-by-stock, and focus on undervalued juniors and potential buyouts He shares his portfolio performance history and a few specific examples.
00:00 Intro
00:24 Buy the Boredom
01:41 Sentiment Hits Zero
04:20 Rhino Horns and Fishing Lines
08:09 Why Miners Look Cheap
10:37 Buy Small Undervalued Juniors
12:18 Contrarian Mindset
15:43 Portfolio and Exit Plan
20:11 Risk Management Example
David’s website: https://juniorminerjunky.com/
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