Weekend Show - Dave Erfle & Josef Schachter - Gold’s “Smart Money” Dip-Buying & Energy’s Next Buy Signal

Nov 1, 2025

Join Dave Erfle, founder of Junior Miner Junky, as he dives into the recent gold correction, resilient ETF inflows, and the potential for copper stocks to shine in 2025. He shares insights on identifying quality junior miners amidst rising institutional demand. Meanwhile, energy expert Josef Schachter discusses the oil market's brief rebound, key buy signals, and the growing impact of natural gas driven by winter demand and AI data centers, while highlighting M&A opportunities in the Canadian sector.

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INSIGHT

Smart Money Bought Gold Dips

Gold ETFs saw resilient institutional inflows during the rapid price pullback, signaling smart-money dip buying.
Junior miners corrected far less than majors, showing selective buying into higher-risk names.

INSIGHT

Record Financing Fueling Juniors

October saw record financings: US$2.9 billion across 185 deals, largest monthly volume since 2013.
Many deals were oversubscribed, warrantless, and funded drill programs and de-risking into next year.

ADVICE

Treat Financings Differently In Bulls

Expect new share issuance to act as a short-term drag but not a killer in a bull market; watch consolidation behavior.
Use warrant expiries and share rollbacks as signals that could add capital or remove float positively.

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On The KE Report Weekend Show this weekend we discuss what’s really driving the metal-stock resilience, copper’s setup, and the next table-pounding entry in oil & gas

Segment 1 & 2 - Kicking off the show is Dave Erfle, founder and editor of Junior Miner Junky, who discusses gold’s sharp but healthy correction alongside resilient ETF inflows, record October financings signaling strong institutional demand, how to identify quality junior miners through management alignment and project scale, and why $5+ copper could make 2025 the “gold-2024” moment for copper stocks as juniors begin to catch up to the majors.
Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter - https://www.juniorminerjunky.com/

Segment 3 & 4 - Josef Schachter, founder and editor of the Schachter Energy Report (and the Eye On Energy Report on Substack), analyzes oil’s brief rebound within a broader downtrend, citing sanction impacts, sluggish demand, and key buy signals to watch. He also highlights near-term upside for natural gas tied to winter demand, LNG expansion, and AI data-center power needs, while discussing energy producers and consolidators such as Whitecap, Freehold Royalties, Birchcliff, and others poised to benefit from ongoing M&A across the Canadian oil and gas sector.
Josef is extended a special offer from his recent conference. You get $150 off the subscription price that will give you access to his analysis of Q3/25 company results and be informed when the next “table pounding BUY signal” is. - at checkout use promo code BGA2 - https://schachterenergyreport.ca/

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Investment disclaimer:

This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests may own shares in companies mentioned.