The banking crisis shifted the landscape for precious metals, and it’s not over yet.
“We upped our position in gold and silver stocks heavily after March 8, and we simultaneously shorted financials,” said John Feneck of Feneck Consulting. “We remain short all those financials right now, and that’s worked out great.”
Companies mentioned by John in the interview: Ascendant Resources (TSX:ASND,OTCQB:ASDRF), Cerrado Gold (TSX:CERT,OTCQB:CRDOF), US Gold (NASDAQ:USAU), Canadian Critical Minerals (TSX:CCMI, OTC: RIINF), Copper Lake Resources (TSXV:CPL,OTC Pink:WTCZF), Aftermath Silver (TSXV:AAG,OTCQX:AAGFF), Stillwater Critical Minerals (TSXV:PGE,OTCQB:PGEZF), Forum Energy Metals (TSXV:FMC,OTCQB:FDCFF), Transition Metals (TSXV:XTM,OTC Pink:TNTMF).
John Feneck’s details:
Website: http://www.feneckconsulting.com
Email: john.feneck@yahoo.com
Twitter: FeneckConsult
Newsletter: “Feneck Commodities Report,” covers all commodities and on sale through 6/30 for $59/month
This interview was filmed on May 15, 2023.
#Investing #Gold #Silver
0:00 – Intro
0:29 – Banking sector crisis isn’t over
5:57 – Gold and silver price outlook
8:27 – Support and resistance for gold
10:27 – Will the Fed pause in June?
13:46 – Be cautious / broad market
16:12 – Stock updates from John
20:52 – New stocks in John’s portfolio
25:18 – Final advice for investors
26:54 – Outro
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13 Comments
Awesome another great guest. Charlotte – you run a great program!
Looking incredible Charlotte 😍
No , gold and silver went down is because the criminal banksters brought out the monkey hammer
The next Level of Gold is 2500 Dollar. Let's go
Great show Miss Charlotte, I like the deeper dives.
Been reading and listening to mining 'experts' for over 3 years and – except for recent suggestions – most of their picks are down about 60% (80% for those uber dodgy uranium coys) – that means 150% – 400% rise is required just to breakeven !!!!!!! Nicccccccccccce……….. Some of these guys pump useless shares relentlessly for a period and then just stop talking about them – draw your own conclusion.
Beware the ' experts' with a subscription to sell – seems theyt are not actually experts. Better to trust your own judgement – past 3 years have shown it's probably better than their's…..
WOW — several interesting little companies
which IDR hearing about before
Thx for the info.
Never say something just started. Or was just presenting itself. As in the economic world it is a decade-plus long process before these so-called unexpected things happen. No they've been undergoing a long process long before they show themselves to be problems. The sad part is his people act as if no one could have known this was coming. Even though the writing was in 65 ft tall letters across the wall directly in front of the people supposed to be watching for these things.
USAU ran to 7.48 on a couple day surge , suckered some people in and then announced a stock offering and the stock dumped. pump and dump. besides when you told you followers about USAU 2021 it was 10.50 so thats a long time holding a major loss as the GDX and GDXJ and price of gold and silver recovered and made highs. cant believe this guy is still being interviewed.
should follow Johns advice. buy AUMN and USAU instead of META, NVDA etc. as he says those tech stocks are risky. his mining stock recommendations are much safer…, althought his stocks have lost more than 50% each over the last couple years.
Guy has been done for Fraud, Investing News knows this, yet they keep having him on and deleting my comments. Don’t believe me? Google John Feneck Arizona
Brilliant Charlotte . One of the best interviewers in the space
Very impressive!