Gold's Bullish Momentum: Insights from John Feneck
John Feneck, from Feneck Consulting, believes that access to capital will be a challenge for junior resource companies and that sector consolidation would be beneficial. He predicts that gold will be a bright spot in 2024, with a new all-time high, citing the new floor put in due to the financial crisis and the Israel conflict. Feneck advises investors to take losses in their portfolios and redeploy capital into names with better chances for success. He also recommends constructing a portfolio with a mix of metals to limit risk exposure and maximize returns. Feneck notes that the gold-silver ratio approaching 90 is historically a buy signal for silver and silver equities, prompting him to buy more silver juniors.
2 years ago•Source: Kitco NEWS
