John Feneck Exclusive – Tue 23 Feb, 2021

Here are some copper and palladium stocks that John likes

John Feneck, Portfolio Manager and Consultant at Feneck Consulting joins me for a look into his portfolio that is diversified outside of the precious metals. While gold has been correcting for 7 months and silver has been stuck in a range there are other commodities that have been breaking out during this time. We focus on copper and a energy stocks that John likes.

To contact John directly his email address is john.feneck@yahoo.com. You can also email me at Fleck@kereport.com.

Click here to visit the Feneck Consulting website and review John’s performance over the past 5 years.

In full discloser here are the stocks john owns in his portfolio and ones that he has consulting contracts with.

Stocks owed. John is a very active trader so these positions do change. This is as of today.

  • WTCZF
  • CPPKF
  • AUMN
  • SVM
  • USAS
  • GCXXF
  • VOXCF

Companies he as consulting contracts with

  • WTCZF
  • CPPKF
  • AUMN
  • VOXCF
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Comments:
  1. On February 23, 2021 at 10:43 am,
    cfs says:

    New Found drills 2.45 m of 224.7 g/t Au at Queensway
    2021-02-23 07:53 ET – News Release
    Mr. Craig Roberts reports
    NEW FOUND INTERCEPTS 224.7 G/T AU OVER 2.45M AT LOTTO
    New Found Gold Corp. has provided its recently received drill results from the Lotto zone, drilled as part of the company’s continuing 200,000-metre diamond drill program at its 100-per-cent-owned Queensway project, located on the Trans-Canada Highway 15 kilometres west of Gander, Nfld.

  2. On February 23, 2021 at 10:44 am,
    cfs says:

    Eloro drills 33.25 m of 114.43 g/t AgEq at Iska Iska
    2021-02-23 07:24 ET – News Release
    An anonymous director reports
    ELORO RESOURCES CONTINUES TO SEE LONG INTERCEPTS OF POLYMETALLIC MINERALIZATION AT THE SANTA BARBARA BRECCIA PIPE, POTOSI DEPARTMENT, SOUTHERN BOLIVIA
    Eloro Resources Ltd. has provided further diamond drill results from its Iska Iska silver-polymetallic project in Potosi department, southern Bolivia.

    • On February 23, 2021 at 12:23 pm,
      bonzo says:

      Eloro dropped 25% today after. this news came out.

      • On February 23, 2021 at 1:45 pm,
        RICHARD/DOC says:

        And this is the danger of so many of these exploration plays—just a few days ago this company was touted and then you get the classic buy the rumor and sell the fact. Every once in awhile you can hit a home run with one of these companies but you’re more likely to make significant money over time with proven producers especially when we’ve seen the hit to gold like we have over the last few months. When gold recovers, it’ll be the producers that should be the first horse out of the gate.

        • On February 23, 2021 at 2:13 pm,
          Excelsior says:

          Good thoughts Doc, and yes, the producers are typically the first movers in a new bull leg, as the larger institutional funds and ETF buyers flood into those names first.

          > We’ve used the bullwhip analogy a number of times.

          The largest marketcap part of the whip or sector (the #producers) moves first [because they can immediately monetize the metal increases and get the big boy money], then the middle section (the #developers) [because their economics get re-rated at higher metals prices], and lastly the most thinly traded part of the whip near the tip, (the #Explorers) will explode higher in a speculative fervor of “How big could this be?”.

          https://media.giphy.com/media/b5ujszyZhfZS0/giphy.gif

          • On February 23, 2021 at 2:26 pm,
            Excelsior says:

            As for Eloro Resources, I’d submit that investors that got in early on ELO already hit a home run, as their share price was one of the biggest gainers on percentage basis from this point last year, up over 2000% at one point, so that is pretty amazing, and they did it when many PM stocks, including the producers, were pulling back.

            However, they were are already priced to perfection, so any drill results were likely to disappoint the market, and I mentioned a week or two ago that their valuation had a market cap higher than many actual producers of silver, so it had gotten waaaaay ahead of itself. We see this all the time when hot story stock, puts out some initial promising drill holes, and then the narrative builds, the bubble swells, and investors get greedy dog-piling on top of one another to push it higher and higher. There is a point where folks should pan out and back up and look at how the market cap of an early stage explorer compares to much further advanced development-stage companies or actual producers, with larger resources defined, and get a reality check on the current valuation.

            David Erfle just made that case last week, on the Soar Financial video I posted, when comparing New Found Gold’s valuation to Marathon’s much larger deposit nearby, and they had similar market caps. This was also happening with Golden Triangle plays last summer where explorations stocks had eclipsed almost all other deposits twice their size and most of the actual producers of the metals that already had permits, mines & mills, and free cash flows.

            Exploration stocks, are still a valuable chunk of one’s resource portfolio, specifically because they can outperform the producers and developers for short periods, but once a stock goes up 3x, 5x, 10x, or higher, then a good practice is to look at the market cap valuation, and ask is based on reality, or is it just speculative froth?

            Ever Upward!

          • On February 23, 2021 at 2:32 pm,
            RICHARD/DOC says:

            Ex, couldn’t agree more with your statements. Over the last few years with some of the exploration companies I’ve been fortunate when they have nice runs—I often position myself in them in the winter when they’re planning their spring drills and beyond—the prices often at that time align their potential before the drilling. The important thing is to take profits when they run and that’s the difficult part of knowing when they’re close to the top of their runs.

          • On February 23, 2021 at 2:49 pm,
            Excelsior says:

            Bingo Doc. Well said. Yes, the time to position in the explorers is during the boring periods of their seasonality. this is different depending on jurisdiction – Winter for Canada (except for the ones that need the winter freeze to drill on mucky or over water), but conversely there are rainy seasons in South America or Africa in spring or fall that need to be considered where there is a lack of drilling.

            The other thing to do is just watch the newsflow and wait for companies to raise their funds (diluting existing shareholders), and announce their exploration plans, and they’ll generally outline when they are going to start drilling a few months later. I love getting in then, when current shareholders are grumbling about the financing and shareprice dropping, as the hot money leaves and one can accumulate those shares as they exit, and then wait for the drilling assays to come back in a few months.

            Yes, the main thing is that Exploration stocks need to be traded, and are only very rarely buy and hold “old turkey” stocks (with only a few notable exceptions like Silvercrest or Great Bear… but they are rare exception and not the norm). Explorers pop and then drop, and yet, every day we see investors “holding steady” only to watch the companies jump up 300% or 500% or 1000% and then do a return trip right back down. That’s what makes a market.

          • On February 23, 2021 at 4:24 pm,
            BDC says:

            Eloro’s Saturation clearly signaled weakening after 1 Feb (at which point there was Maximum Saturation in 6 of the 7 qualifying Factors). The two subsequent qualified tops had zero Maximums! In addition, the volume falloff was a clue: https://postimg.cc/DW7VdZ36

            On the downside, I’m finding similar action with apparent ‘head fakes’, as may have been the case when GDX broke well below its 27 Jan low on 4 Feb with much less Saturation. GDXJ and XAU stayed above, and HUI matched.

          • On February 23, 2021 at 4:50 pm,
            BDC says:

            A recent example is Newmont today, where it dripped 21 cents below the Friday low, then closed higher. On Friday it was at MaxSat(6) while today it registered a much lower MaxSat(2). Such variation will be shown as here, with NEM, in this preview: https://ibb.co/2cMRM86

            Hopefully this will be clear enough for folks. Any comments or suggestions are appreciated.

          • On February 23, 2021 at 7:24 pm,
            Excelsior says:

            Hi BDC,

            I’m trying to understand your system a little better, and from what I’ve understood so far, the higher the MaxStat level (out of 7 data points being tracked), then its more likely for a turn in direction. Is that correct?

            Also if it is low MaxStat number, then does that mean a trend is strong and still underway?

            Are these used in both directions? (for example, if a stock or ETF has been in a bull trend and it puts up a 6, does that indicate a turn back down? Conversely, would that also be true if that same stock was headed lower and a 6 was posted, and indicate a turn back up?

            Also, I’m not sure what the number with the { } next to it means on your table. If there is a 1 {5} does that mean the 1 is more important or the 5 and where should the emphasis be?

          • On February 24, 2021 at 12:11 am,
            BDC says:

            Howdy Excelsior!

            In our venue, every significant Turn I know of has been Qualified per the Saturation Timing and Trade System. Qualification means that all Seven Factors are at some level of Saturation — that a Stock/ETF is Qualified to Reverse Trend: Up or Down.

            MaxSat (Maximum Saturation) levels are relative. MaxSat(4) in one instance may be nominally weaker than MaxSat(3) in another; however, both signify an ongoing Trend that is Qualified to Turn.

            In the Preview, Newmont’s (Latest High) MaxSat “X” denotes an Unqualified Turn, which in that case probably meant more consolidation. Its (Latest Low) MaxSat “2{6}” indicates that the previous higher low was MaxSat(6), and much stronger than yesterday’s MaxSat(2). This may, also, indicate a Turn, somewhat like a Head Fake.

            Whether a Trend Reversal has actually taken place usually requires next day validation if not more, e.g. Rounding Tops and Bottoms. At the very least, STATS will help to eliminate Grey Zone Trading, and to enhance Edge Trading. For active traders this can make a big difference.

            Thank you for you interest. Any further questions or suggestions are greatly appreciated.

          • On February 24, 2021 at 12:15 am,
            BDC says:

            Per Gilda: “your”

          • On February 24, 2021 at 12:34 am,
            Excelsior says:

            Thanks for the response back BDC. I think I’m starting to get a little better handle on your system, and appreciate your input here.

      • On February 23, 2021 at 3:11 pm,
        David says:

        Great comments guys. Ex moves a lot of stuff quickly and takes profits often. Eloro is s good example of why this procedure works with exploratory stocks. It doesn’t mean Eloro won’t be a success…it just means that taking profits is a step forward. Maybe not a big step, but better than a step back. Now if I can just do it…and if we can have more than a couple of months of bull market every 8 years.

        • On February 23, 2021 at 5:02 pm,
          Excelsior says:

          Yes. With exploration stocks after an outside move, it doesn’t hurt to take a little profit off the table. Producers, Royalty stocks, and some advanced developers are better for holding longer periods, but even they can be swing-traded to capitalize on volatility.

          • On February 23, 2021 at 5:03 pm,
            Excelsior says:

            Outside = outsized.

  3. On February 23, 2021 at 10:46 am,
    Kevin Steuer says:

    I’ve been a sub of John’s for almost a year now. He does a great job! He works hard. Is transparent on his picks and he is flexible on working with clients.

  4. On February 23, 2021 at 10:53 am,
    cfs says:

    Golden Lake Reports “Bonanza ” Grade Discovery in Hole Jr-20-DD12 from Jewel Ridge Property, Nevada, Including 24.54 Meters Averaging 9.16 g/t Gold and 65.8 g/t Silver, Including 3.23 Meters Averaging 57.16 g/t Gold and 452.0 g/t Ag
    2021-02-23 10:52 ET – News Release
    VANCOUVER, BC / ACCESSWIRE / February 23, 2021 / Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) (“GLM” or the “Company”) reported today the discovery of a high-grade (gold-silver-lead-zinc) mineralized oxide zone in diamond drill hole JR-20-DD12 completed in November 2020 on the Northeast Eureka Target on the company’s keystone Jewel Ridge gold property located near the town of Eureka, Nevada.

  5. On February 23, 2021 at 10:55 am,
    Marty says:

    PSLV IS TRADING AT A PREMIUM TO NAV OF $1.66%

  6. On February 23, 2021 at 10:56 am,
    Marty says:

    1.66%

  7. On February 23, 2021 at 11:16 am,
    Jennifer Dein says:

    I appreciate John’s perspective and recommendations for this sector. His ideas have been helpful in the past and his alert system helps to keep me focused when volatility increases. Thanks for bringing on an expert that will work with the little guy and big guys alike!

    • On February 23, 2021 at 12:35 pm,
      Excelsior says:

      +1 Agreed. John’s picks across multiple commodities are quality, his ability to spot opportunities early before a big runup in share-price highlight his team’s quality due diligence, and his willingness to help all ranges of investors is admirable.

      It’s great to have John’s insights shared on the KE Report.

    • On February 23, 2021 at 1:08 pm,
      irishtony says:

      Hi Jennifer…Welcome to the KER , so nice to see a new Lady on the site. Keep posting.

  8. On February 23, 2021 at 12:21 pm,
    Marty says:

    AUMN has had a nice 15% recovery off the daily lows today.

    • On February 23, 2021 at 2:39 pm,
      Excelsior says:

      Yeah, I saw that move in AUMN today Marty, as I have a nice position in the stock and watched move from $.72 up to $.85 intraday, and closed at $.84. Quite a bounce-back for Golden Minerals today.

  9. On February 23, 2021 at 2:15 pm,
    RICHARD/DOC says:

    If you’re considering volume metrics over the last year in the variables that determine your purchases there are 2 that stand out: one is one of the stocks John holds which I continue to accumulate and that is USAS. Another that is not on as many people’s radar is EXN. The volume pickup on that one is considerable. It’s another I personally own.

  10. On February 23, 2021 at 7:07 pm,
    Dick Tracy says:

    You must understand what is happening with our economy. Industry is so mechanized these days with the vast improvements in technology and artificial intelligence that the factories are really productive using fewer and fewer people. The banks have stepped in aided by The Federal Reserve to flood the system with credit to keep the working class spending money that most can never pay back. This has been going on for a long time and it has finally come to a point where debt has turned the middle class into debt slaves. The final blow is the pandemic, men and women are so tapped out that they are worried about how they are going to meet their next payment on their mortgage, their car, their insurance, or how to pay utility bills and put food on the table. All of these bailouts have dragged the system into a debt trap. The manufacturers and wholesalers need buying power to recover but the consumer is broke, and soon all this money printing will bring our system to it’s knees as it collapses. DT

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