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John Feneck: Gold Coming Off "Tremendous" Year, 9 Stocks on My Radar
Jan. 30, 2024 01:50PM PST
John Feneck of Feneck Consulting shares his outlook for gold and silver and lists nine precious metals and energy stocks that he believes have potential.
Gold put on a "tremendous" performance in 2023, and John Feneck, portfolio manager and consultant at Feneck Consulting, believes the yellow metal increasingly has a protective role to play for investors.
"I do think that we're living in a world where gold has a place now," he said, acknowledging that it's been frustrating to see gold stocks fail to perform. "I would just encourage people to be patient on the gold equities side."
Silver hasn't fared as well as gold, and Feneck said that's because it's been trading more like an industrial metal over the last two years. While US$30 per ounce is a level many market participants are looking for, it needs to pass US$24 first.
He mentioned the VanEck Gold Miners ETF (ARCA:GDX) as a solid portfolio component, but also listed several gold and silver stocks he believes have potential: Goliath Resources (TSXV:GOT,OTCQB:GOTRF), Cartier Resources (TSXV:ECR,OTC Pink:ECRFF), Guanajuato Silver Company (TSXV:GSVR,OTCQX:GSVRF), Silver X Mining (TSXV:AGX,OTCQB:AGXPF), AbraSilver Resource (TSXV:ABRA,OTCQX:ABBRF) and Aftermath Silver (TSXV:AAG,OTCQX:AAGFF).
Feneck is also interested in energy, and listed a number of companies involved in various aspects of that space.
Forum Energy Metals (TSXV:FMC,OTCQB:FDCFF) is a uranium company, while First Tellurium (CSE:FTEL,OTCQB:FSTTF) is focused on tellurium, a commodity used in solar panels. Meanwhile, SolarBank (CSE:SUNN,OTCQX:SUUNF) is a solar play.
Watch the interview above for more from Feneck on the resource sector. You can also click here for the Investing News Network's full Vancouver Resource Investment Conference playlist on YouTube.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Forum Energy Metals is a client of the Investing News Network. This article is not paid-for content.
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.
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