silverstocks
John Feneck, partner and portfolio manager at Feneck Consulting, shared his thoughts on gold, silver, copper and uranium, outlining his outlook for these commodities and stocks he's currently watching. Starting with gold, he said he thinks it's proven itself as a safe-haven asset, with more "smart money" now getting involved. At the same time, he sees gold-mining companies starting to put on positive performances. "We're off to the races in gold producers in terms of doing well at the earnings level, and that gets the attention of big money ... (and) that's what's needed to generate more inter...
Investing News Network
David Erfle, editor and founder of Junior Miner Junky, shared his thoughts on gold, explaining what factors have pushed it to new levels, why it's now consolidating and how high it could go in 2024. In his view, the yellow metal started to break out for macroeconomic reasons, and picked up momentum when tensions in the Middle East heated up. With the situation now looking calmer, gold has pulled back. Erfle said gold could correct all the way back down to US$2,200, but emphasized that he remains bullish. "It could correct down to US$2,200 and still be in an uptrend," he explained. "Gold's got ...
Investing News Network
2023 was a relatively lackluster year, silver largely traded on volatility between US$22 and US$25 per ounce. The white metal started 2024 with less volatility and remained rangebound for the first eight weeks. Silver dropped to US$22.08 per ounce on January 21, marking its quarterly low. Silver started seeing gains in March with the expectation that the US Federal Reserve was getting closer to lowering interest rates. Improving sentiment gave the precious metals markets momentum, causing silver to reach its quarterly high of US$25.62 on March 20, before continuing on to an 11 year high of US$...
Investing News Network
Speaking to the Investing News Network, David Erfle, editor and founder of Junior Miner Junky, explained why he believes a gold stock mean reversion is about to happen and what he's done to get positioned. Erfle was speaking this past Monday (March 4) at the Prospectors & Developers Association of Canada (PDAC) convention, just as the gold price was heading toward the US$2,100 per ounce mark and into record territory. While he's seen disconnects between the gold price and gold stocks in the past, the circumstances were different. "I've never seen this much of a disconnect before while the gold...
Investing News Network
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