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Dave Erfle – Technical Outlook & Investing Insights Around The Recent Pop Higher In The PM Sector

The KE Report May 13, 2026

Summary

Gold's fundamental drivers remain strong despite geopolitical uncertainty, with central bank buying and sovereign debt supporting the long-term bullish thesis for precious metals.

Technical analysis shows GDX and GDXJ breaking above the key 18-week moving average, but a successful retest of this level as support is needed to confirm the next leg higher.

Dave Erfle demonstrates his systematic bull market playbook by trimming multi-bagger positions like Arizona Sonoran Copper to redeploy capital into new high-potential junior mining opportunities.