“I Sold My Oil Stocks to Buy These Three Gold Stocks” - Pro Investor David Erfle

The guest rotated from oil into three gold-stock buys — Alamos Gold, New Pacific Metals, and Perpetua Resources — after a 30–55% correction.

Erfle reads junior miners leading the move: GDX and GDXJ hit their 18-week moving average resistance near $85 and $110 this week.

Newmont returned $1.9B of its $2.2B Q2 free cash flow to shareholders — Erfle calls it a 'gun shy' M&A stance after last cycle's deals.

Erfle says retail has not arrived: the TSX Venture has stalled near $1,000–$1,100 for 13 years, so the 200% rally has not drawn new buyers.