John Feneck of @feneckcommoditiesreport shares his thoughts on gold's post-US election price drop, saying that it doesn't mean the yellow metal won't thrive once Donald Trump takes office again.
"What happened was you had a risk-on moment ... it wasn't that gold and silver were no longer relevant, it was simply that people were celebrating the Trump victory," he explained.
Feneck also gives updates on mining stocks he's watching right now, including gold miners, near-term gold producers and gold explorers, as well as "special situations."
❓ Have you invested in any of John's picks? Tell us in the comments!
Companies mentioned by John in the interview (in order): US Gold (NASDAQ:USAU), Integra Resources (TSXV:ITR,NYSEAMERICAN:ITRG), Trilogy Metals (TSX:TMQ:NYSEAMERICAN:TMQ), Northern Dynasty Minerals (TSX:NDM,NYSEAMERICAN:NAK), Newmont (TSX:NGT,NYSE:NEM), Agnico Eagle Mines (TSX:AEM,NYSE:AEM), Coeur Mining (NYSE:CDE), Element79 Gold (CSE:ELEM,OTC Pink:ELMGF), Sonoro Gold (TSXV:SGO,OTCQB:SMOFF), Dakota Gold (NYSEAMERICAN:DC), Badlands Resources (TSXV:BLDS,OTC Pink:BDLNF), Inflection Resources (CSE:AUCU,OTCQB:AUCUF), Guardian Metal Resources (LSE:GMET,OTCQX:GMTLF), Angkor Resources (TSXV:ANK,OTCQB:ANKOF).
John Feneck's details:
Website: http://www.feneckconsulting.com
Email: [email protected]
Twitter: @feneckconsult
Facebook: FeneckConsulting
LinkedIn: https://www.linkedin.com/in/john-feneck-26386a14/
YouTube: @feneckcommoditiesreport
Newsletter: "Feneck Commodities Report"
This interview was filmed on November 7, 2024.
#Investing #Mining #Gold
0:00 - Intro
0:24 - Gold's post-election drop
2:55 - US dollar under Trump
5:56 - Trump's impact on mining
9:34 - Gold miners' Q3 results
12:54 - Near-term gold producers
15:01 - More gold stocks to watch
20:40 - "Special situations" stocks
25:12 - Own gold and gold stocks
27:30 - Outro
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