{"id":6080,"date":"2024-07-15T03:37:17","date_gmt":"2024-07-15T03:37:17","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/07\/15\/john-feneck-gold-miners-set-up-for-strong-quarter-plus-9-stocks-im-tracking\/"},"modified":"2024-07-15T03:37:17","modified_gmt":"2024-07-15T03:37:17","slug":"john-feneck-gold-miners-set-up-for-strong-quarter-plus-9-stocks-im-tracking","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/07\/15\/john-feneck-gold-miners-set-up-for-strong-quarter-plus-9-stocks-im-tracking\/","title":{"rendered":"John Feneck: Gold Miners Set Up for Strong Quarter, Plus 9 Stocks I\u2019m Tracking"},"content":{"rendered":"<p><strong>John Feneck, portfolio manager and consultant at Feneck Consulting, shared his latest thoughts on the gold price, saying that after the second quarter\u2019s record-setting levels miners should be due to share good results. <\/strong><\/p>\n<p>Pointing to Newmont (TSX:NGT,NYSE:NEM), Agnico Eagle Mines (TSX:AEM,NYSE:AEM) and Barrick Gold (TSX:ABX,NYSEGOLD), the three biggest holdings in the VanEck Gold Miners ETF (ARCA:GDX), he said he expects strength.  <\/p>\n<p>\u2018What\u2019s different this time around for these three companies, and other gold producers, is that they\u2019ve been able to clip a really nice margin on what their costs are vs. what the current price of gold is,\u2019 he said. <\/p>\n<p>While the broad market remains focused on tech, Feneck believes that may start to change.  <\/p>\n<p><span><\/span>\u2018I think value managers are going to start to see these stocks in the large-cap gold space start to do much better, and it\u2019ll catch their attention later as the year progresses,\u2019 he explained, emphasizing that the shift won\u2019t be immediate.<\/p>\n<p><span><\/span>\u2018Will it be an all-in kind of event? No. What we\u2019re going to need to see in our view is the broad market start to pull back, and that will create what we call a sector rotation into some safer havens like a Newmont or an Agnico.\u2019 <\/p>\n<p>Feneck also gave overviews of a variety of small-cap resource stocks he\u2019s watching. <\/p>\n<p>Precious metals stocks on his radar at the moment include First Nordic Metals (TSXV:FNM,OTCQB:FNMCF), NevGold (TSXV:NAU,OTCQX:NAUFF) and Guanajuato Silver (TSXV:GSVR,OTCQX:GSVRF).<\/p>\n<p>Feneck is also interested in \u2018special situation\u2019 companies with different ideas or exposure to lesser-known commodities. Examples include Golden Metal Resources (LSE:GMET,OTCQX:GMTLF), Fireweed Metals (TSXV:FWZ,OTCQX:FWEDF), First Tellurium (CSE:FTEL,OTCQB:FSTTF) and Angkor Resources (TSXV:ANK,OTCQB:ANKOF). <\/p>\n<p>Moving over to uranium, Feneck remains bullish and is interested in juniors. He mentioned Forum Energy (TSXV:FMC,OTCQB:FDCFF) and F3 Uranium (TSXV:FUU,OTCQB:FUUFF) as companies on his list.<\/p>\n<p>Watch the interview above for more from Feneck on the resource sector and the companies he\u2019s eyeing.<\/p>\n<p><strong>Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n<div>This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>John Feneck, portfolio manager and consultant at Feneck Consulting, shared his latest thoughts on the gold price, saying that after the second quarter\u2019s record-setting levels miners should be due to share good results. Pointing to Newmont (TSX:NGT,NYSE:NEM), Agnico Eagle Mines (TSX:AEM,NYSE:AEM) and Barrick Gold (TSX:ABX,NYSEGOLD), the three biggest holdings in the VanEck Gold Miners ETF [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":6081,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-6080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/6080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=6080"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/6080\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/6081"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=6080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=6080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=6080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}