Connect with us

Hi, what are you looking for?

Investing

John Feneck: Gold, Silver, Copper — 10+ Stocks I’m Bullish on Now

John Feneck, portfolio manager and consultant at Feneck Consulting, shared his latest thoughts on the gold sector, saying that with the yellow metal’s price reaching all-time highs now is a good time to buy gold stocks.

‘Gold has now trended higher for months. Last year it was forming a base at US$1,900 (per ounce), this year it’s forming a base at US$2,300 to US$2,400. And this is for weeks and weeks and weeks,’ he explained.

‘When you see this kind of basing pattern in any chart it’s called consolidation — it’s a really good chart pattern to look for where you’re building a base that you can build off of usually — not the other way where it crashes and burns.’

Feneck gave overviews of a variety of small-cap resource stocks he’s watching. Precious metals stocks on his radar at the moment include Guanajuato Silver (TSXV:GSVR,OTCQX:GSVRF) and Silver X Mining (TSXV:AGX,OTCQB:AGXPF).

Moving over to copper, he mentioned Inflection Resources (CSE:AUCU,OTCQB:AUCUF), Vox Royalty (TSX:VOXR,NASDAQ:VOXR), Alta Copper (TSX:ATCU,OTCQX:ATCUF) and Denarius Metals (OTCQX:DNRSF).

‘Special situation’ companies with different ideas or exposure to lesser-known sectors are also of interest to Feneck. Examples include Millennial Potash (TSXV:MLP,OTCQB:MLPNF) and Angkor Resources (TSXV:ANK,OTCQB:ANKOF).

Watch the interview above for more from Feneck on the resource sector and the companies he’s eyeing.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

You May Also Like

Investing

The platinum sector is projected to experience a significant industry deficit in 2024, marking the second consecutive year where demand for the precious metal...

Latest News

Speaker Mike Johnson, R-La., was forced to delay a House-wide vote on his plan to avert a partial government shutdown on Wednesday after a...

Investing

Perth, Australia (ABN Newswire) – Altech Batteries Limited (ASX:ATC) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce the execution of an Offtake Letter of Intent between...

Investing

Gold prices have soared since the start of 2024 and have set record prices in major global currencies. On August 1, the price for...

Disclaimer: Earlyagenda.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2024 Earlyagenda.com