‘The technical setup for gold looks absolutely beautiful — if you look at a 10 year, 15 year, 20 year chart it looks absolutely great,’ he said. ‘Now you’ve (also) got the dynamic of Trump coming in office. I don’t see how that’s going to cause less volatility, and gold loves uncertainty and volatility, so I think we’re going to have a great 2025.’
Feneck also gave updates on mining stocks he’s watching right now.
On the gold side, he mentioned US Gold (NASDAQ:USAU), First Nordic Metals (TSXV:FNM,OTCQB:FNMCF) and Inflection Resources (CSE:AUCU,OTCQB:AUCUF), which also has a copper component. Feneck also spoke about Aftermath Silver (TSXV:AAG,OTCQX:AAGFF), a company in which Canadian billionaire Eric Sprott has a large position.
He’s also interested in copper-focused Questcorp Mining (CSE:QQQ,OTC Pink:QQCMF), and when it comes to ‘special situations’ he has companies like Guardian Metal Resources (LSE:GMET,OTCQX:GMTLF), Demesne Resources (CSE:DEME,OTCQB:DEMRF) and Angkor Resources (TSXV:ANK,OTCQB:ANKOF) on his radar.
Looking forward, Feneck emphasized that he’s positive on the resource sector as a whole.
‘I think that this year is going to shape up to be a really, really good year for commodities in general,’ he said.
‘And if Trump can pull off the big ‘what if’ and get Putin to come to the table — that’s going to be a game changer for a lot of these commodities that have been underwater, like nickel, platinum and palladium, etc.’
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.