John Feneck: Gold, Silver — Price Targets, Key Levels to Watch
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"I still believe we'll test US$5,500 again by the first half of next year," John Feneck of Feneck Consulting said about gold.
John Feneck, portfolio manager and consultant at Feneck Consulting, shares his outlook for gold and silver, commenting on the impact of the latest US Federal Reserve meeting — the first with Chair Kevin Warsh at the helm — and the deal between the US and Iran.
He sees the gold price revisiting US$5,500 per ounce next year, with US$4,700 to US$4,900 now acting as resistance. For silver he sees a base at the US$60 per ounce level.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.













