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The Prospector News – David Erfle “There’s likely to be a “Fake Out Down” Before a “Breakout Top” in the Gold Market”
Prospector News Publisher Michael Fox is joined by the Junior Miner Junky David Erfle as we look to all things Gold and Silver. The majority of the discussion is on the gold market which although remaining in a box, has at least been put on a higher shelf. We discuss the ongoing consolidation from December’s new record high point. Both the silver markets and the miners have been reluctant to follow gold higher and David feels that both those sectors need to make a move to confirm gold’s breakout.
Lots of catalysts that could likely move gold upward in 2024, Evergrande in China; The commercial Real Estate Market; large debt loads in the economy; and a volatile US election. But watch for a fake out lower before the next move Up!
Posted February 7, 2024
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