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The gold price is back above US$2,000 per ounce, and John Feneck of Feneck Consulting believes it’s set to rise higher.
“I think the gold setup here is beautiful … I’ve been very guarded on the price of gold — I’ve never talked new highs ever, I’ve never said US$2,500 this or US$5,000 that,” he said. “(But) we are saying as a result of what happened on October 7 that you are going to see a new-all time high in gold next year, which is new for us.”
John Feneck’s details:
Website: http://www.feneckconsulting.com
Email: john.feneck@yahoo.com
Twitter: @feneckconsult
Facebook: FeneckConsulting
LinkedIn: https://www.linkedin.com/in/john-feneck-26386a14
YouTube: @feneckcommoditiesreport
Newsletter: “Feneck Commodities Report”
This interview was filmed on November 22, 2023.
#Investing #Mining #Gold
0:00 – Intro
0:29 – Beautiful gold price setup
2:50 – Impact of war in Middle East
5:41 – Fed and inflation expectations
10:11 – Recession due in mid-2024
12:36 – Uranium and gold stocks
17:47 – Critical metals stocks
22:24 – Tax-loss selling and advice
27:15 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
