John Feneck – Investing Strategies for Precious Metals and Base Metals Resource Stocks
John Feneck, Portfolio Manager, Consultant, and publisher of the Feneck Commodities Report joins us to share his macro views on the commodities sector and his investing strategy in resource stocks. We start off looking at the big runs in the energy sector and base metals, and then shift over to the precious metals. One are reviewed was how regardless of the commodity that it seems like the larger producers have gained traction with investors, but the junior developers and explorers have not had near as much investor interest, and John outlines what areas he feels may create more interest from general investors in our sectors.
We go on to discuss a wide range of stocks, from ETFs and some larger producers down into the juniors for gold, silver, zinc, nickel, and copper.
Here are the stocks mentioned in the interview: *
United States Oil Fund (USO), Energy Sector SPDR Fund (XLE), Global X Copper Miners (COPX), B2Gold (BTG), Newmont (NEM), Agnico Eagle (AEM), VanEck Gold Miners ETF (GDX), VanEck Junior Gold Miners ETF (GDXJ), ETFMG Prime Junior Silver Miners ETF (SILJ), Aftermath Silver (AAG) (AAGFF), Matador Mining (MZZ.AX) (MZZMF), Golden Minerals (AUMN), Vendetta Mining (VTT) (VDTAF), FPX Nickel (FPX) (FPOCF), Copper Lake (CPL) (WTCZF), Fabled Copper (FABL) (FBCPF), and Gold Terra (YGTFF).
*Guests featured herein may have been compensated for their services in working with some of the companies mentioned. John holds positions in many of the Companies and ETFs mentioned.
SCZ and IPT I also own and they are moving north. You might want to re-examine the direction ELVT and FSM are heading my friend.
I own all 4 of those as well guys, and while IPT and SCZ are the peppiest of small silver producers, I believe FSM and ELVT are more in the turn-around category, where both have been bludgeoned badly over the last 2 years, and I just recently got into FSM and got back into ELVT for the eventual rerating higher. One thing to note in stocks and in life, is that the past does not equal the future.
IPT is especially strong and never lost its early morning gains.
Agreed Terry. IPT had some solid trading strength today, as did a lot of silver stocks.
The majority of the Silver producers had a nice green day:
Symbol – #Silver Producers – Daily Change %
EXN Excellon Resources Inc. +12.06%
AGX.V Silver X Mining Corp. +10.53%
APM.V Andean Precious Metals Corp. +9.76%
IPT.V Impact Silver Corp. +9.43%
GSVR.V Guanajuato Silver Company Ltd. +8.47%
CDE Coeur Mining, Inc. +8.40%
GATO Gatos Silver, Inc. +7.77%
BCM.V Bear Creek Mining Corporation +7.08%
EXK Endeavour Silver Corp. +6.30%
HOC.L Hochschild Mining plc +6.28%
GGD.TO GoGold Resources Inc. +4.68%
SSRM SSR Mining Inc. +4.26%
AG First Majestic Silver Corp. +4.17%
FSM Fortuna Silver Mines Inc. +4.02%
HL Hecla Mining Company +3.59%
FRES.L Fresnillo plc +2.88%
PAAS Pan American Silver Corp. +2.85%
AXU Alexco Resource Corp. +2.67%
GPL Great Panther Mining Limited +2.62%
SVM Silvercorp Metals Inc. +2.40%
SCZ.V Santacruz Silver Mining Ltd. +2.22%
Oops, that’s a 4 hour chart so non subs might need this link:
https://stockcharts.com/h-sc/ui?s=SILJ&p=240&yr=1&mn=2&dy=0&id=t8842396349c&a=847204069&r=1649872673470&cmd=print
Good SILJ chart Matthew, and nice to see it start to poke above that top trendline on the fork.
It was constructive to see the miners outperforming the precious metals today, and the junior mining ETFs outperforming the senior mining ETFs, and the silver stocks outperforming the gold stocks.
GDXJ and SILJ outperformed GDX and SIL, SIL outperformed GDX, and SILJ outperformed GDXJ.
That is the kind of action we want to see in a nice bullish move for the sector.
Today’s high so far happened at a rising fork support/resistance that was broken in July but I have no concerns about that level stopping this move even for a very short time.
https://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=1&mn=3&dy=18&id=p17285735802&a=1142597831
HL is at important resistance but looks very good/strong:
https://stockcharts.com/h-sc/ui?s=HL&p=W&yr=3&mn=11&dy=0&id=p78584619015&a=1125513351
This is the 4th week in the last 6 in which GDX vs GLD has run into important resistance:
https://stockcharts.com/h-sc/ui?s=GDX%3AGLD&p=W&yr=3&mn=11&dy=0&id=p54854989469&a=936282921
SLV/Silver looks great. Let’s if it can finish the day at this level or better…
https://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=1&mn=0&dy=0&id=p56322924923&a=1132956157
This all looks perfect for my view that this will be a great quarter.
https://stockcharts.com/h-sc/ui?s=SLV&p=W&yr=3&mn=0&dy=0&id=p16634796302&a=822853857
Big reversal for the Canadian dollar:
https://stockcharts.com/h-sc/ui?s=%24CDW&p=D&yr=0&mn=11&dy=0&id=p28084751848&a=1091399760
GSCI commodity index:
https://stockcharts.com/h-sc/ui?s=GSG&p=D&yr=1&mn=1&dy=0&id=p06313448087&a=1142639151
Dollar Index : April : Fibo Resistance Encountered
https://saturationtiming.blogspot.com/2022/04/dollar-index-april.html
Feneck sounds pretty smart and I’m glad to know he likes Gold Terra. Maybe I’ll buy more of it.
John Feneck is very smart and is a very savvy resource investor.
IPT..ELVT..SCZ..FSM..Bingo!
The only one of mine that hasn’t moved yet is Kootenay(KTN)