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John Feneck of Feneck Consulting shares his latest thoughts on the gold price, as well as resource stocks he’s watching.
“We’ve been calling for gold to be above US$2,000 (per ounce) for quite some time now. We’re there, and we think that once you get to US$2,200 it’s going to be kind of a FOMO trade in terms of some of these gold stocks. I think the downside risk is retesting that US$1,800 round number … (but) I just don’t think we’re going to get to the US$1,790, US$1,800 level,” he said.
Companies mentioned by John in the interview (in order): Newmont (TSX:NGT,NYSE:NEM), VanEck Gold Miners ETF (ARCA:GDX), Barrick Gold (TSX:ABX,NYSE:GOLD), Agnico Eagle Mines (TSX:AEM,NYSE:AEM), Silver X Mining (TSXV:AGX,OTCQB:AGXPF), Aftermath Silver (TSXV:AAG,OTCQX:AAGFF), Guanajuato Silver Company (TSXV:GSVR,OTCQX:GSVRF), Coeur Mining (NYSE:CDE), Hecla Mining (NYSE:HL), VR Resources (TSXV:VRR, OTCQB:VRRCF).
Energy Transition Metals Summit: https://www.precioussummit.com/event/2024-energy-transition-metals-summit-washington-d-c/
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 March 4, 2024.
#Investing #Mining #Gold
0:00 – Intro
0:26 – Gold price upside/downside
3:18 – When will gold stocks move?
6:03 – Silver outlook and stocks
8:14 – Gold stocks John is watching
12:11 – Copper a “screaming buy”
16:20 – Do your homework now
17:08 – 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.
