Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

John Feneck: Gold Due for Sector Rotation, 10+ Stocks to Watch Now

by October 3, 2023
October 3, 2023
John Feneck: Gold Due for Sector Rotation, 10+ Stocks to Watch Now

The gold price has taken a hit this past week, but John Feneck, portfolio manager and consultant at Feneck Consulting, believes the market is due for a sector rotation that could stoke investor interest in the yellow metal.

Feneck has been saying for some time that the US Federal Reserve is serious about curbing inflation, and he hasn’t been surprised to see the central bank hold true to its higher-for-longer strategy. However, he pointed out that elevated interest rates are affecting many levels of the economy, and are setting the US up for a recession next year.

‘Gold is going to do extremely well in that kind of environment,’ Feneck said, noting that high-net-worth individuals haven’t forgotten the banking crisis earlier this year. With those two factors in mind, they may seek protection in hard assets.

He used September 15 as an example, saying that as the broad market went down as consumer confidence dipped; meanwhile, gold, silver and the VanEck Gold Miners ETF (ARCA:GDX) saw gains.

‘That’s the kind of price action we need to see more of, which is what we would call a sector rotation — money that’s in technology, in biotech starting to move from those riskier sectors into something like metals and mining,’ Feneck explained.

Aside from the gold market, he spoke about his recent visit to Ascendant Resources’ (TSX:ASND,OTCQB:ASDRF) Lagoa Salgada project in Portugal, and gave updates on the following stocks: Golden Minerals (TSX:AUMN,NYSEAMERICAN:AUMN), World Copper (TSXV:WCU,OTCQX:WCUFF), Vortex Metals (TSXV:VMS,OTCQV:VMSSF), Guanajuato Silver (TSXV:GSVR,OTCQX:GSVRF), Spark Energy Minerals (CSE:EMIN,OTC Pink:MTEHF), Canadian Critical Minerals (TSXV:CCMI,OTCQB:RIINF), Platinex (CSE:PTX,OTCQB:PANXF), First Tellurium (CSE:FTEL,OTCQV:FSTTF) and Forum Energy Metals (TSXV:FMC,OTCQV:FDCFF).

Watch the interview above for more from Feneck on gold, other metals and the companies mentioned above.

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

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
A short government shutdown wouldn’t crash the economy, but a long one holds risks
next post
Ukraine is officially America’s new forever war. President Biden, how does this end?

Related Posts

Successful Completion-Impurity Removal Neutralization Tests

October 13, 2025

Coelacanth Announces Q1 2025 Financial and Operating Results

May 29, 2025

Highly successful quarter sees Boss make pivotal transition...

May 1, 2024

Adam Rozencwajg: Uranium at Inflection Point, Will Get...

October 10, 2023

Trading of Shares from Convertible Notes

June 3, 2024

Trailbreaker Resources Completes Exploration Program at Castle Rock...

September 26, 2023

What are Junior Miners and Are They a...

August 22, 2023

Riverside Resources Moves Ahead on Plan to Spin...

April 1, 2025

North Shore Uranium Provides Falcon Property Exploration Update;...

December 20, 2023

5 Top Weekly TSXV Stocks: Wolfden Resources Leads...

February 12, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Metals Focus: Gold to Average US$4,560 in 2026 on Unpredictable US Trade Policy, Potential Stagflation

    • Acquisition of Option to Buy Lepidico’s Interest in Karibib Lithium, Rubidium and Cesium Project in Namibia – Update

    • 1911 Gold Strengthens Operations Leadership with Appointment of Éric Vinet as COO and Additional Senior Site Personnel

    • CHARBONE annonce le debut officiel des travaux de construction civil a Sorel-Tracy, conformement a l’echeancier annonce

    • CHARBONE Announces the Official Start of Civil Construction Work in Sorel-Tracy, in Line with the Announced Schedule

    Categories

    • Business (1,405)
    • Investing (3,082)
    • Politics (3,699)
    • Stocks (1,833)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.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 © 2025 moneycontrolplace.com | All Rights Reserved