John Feneck: Bullish Signals All-Around in the Mining Stocks
Tom welcomes John Feneck of Feneck Consulting to the show. John discusses his extensive background with Merrill Lynch and JP Morgan of nearly thirty years. Afterward in 2017, he started working for Sprott while developing his own direction with Feneck Consulting which he launched recently.
FOMC Chair Powell is a former attorney and isn’t an economist. So, it’s important to listen to what the Fed chair is saying and avoid noise from others even those at the Fed. John explains the importance of non-farm payrolls metrics but one should also watch the CPI and home prices. He cautions that a single metric should not affect the gold sector that much.
Miners will offer outsized returns particularly this fall since they have been beaten down. All the large mining conferences are coming up this fall and most CEOs are excited.
John explains when they prefer to hold physical versus when they prefer to trade. Currently, some equities like the hospitality sector may be well ahead of themselves especially considering the delta variant.
He likes silver and particularly palladium because of its limited supply and details why there are opportunities with palladium juniors.
Crypto he argues has taken some of the speculation away from the metals. There are many opportunities for making money today and that causes a lack of interest in certain sectors but also opportunities for the observant.
Talking Points From This Episode
- FOMC Powell and government reporting.
- Opportunities this fall in junior mining investing.
- Determining when to sell and his investing methods.
Time Stamp References:
0:00 – Introduction
0:35 – John’s Background
2:46 – FOMC & Jerome Powell
5:40 – Non-Farm Payrolls
7:28 – Positioning
8:47 – Inflation Importance
10:06 – Gold Fundamentals
12:17 – Stocks Vs. Physical
13:58 – Investing Methods
15:56 – Selling Determination
18:16 – Managing Junior Risk?
21:06 – Royalty Plays
23:28 – Silver & Supply
26:57 – Other Metals & Methods
30:46 – Crypto Markets & Risk
33:21 – Metals Manipulation?
34:27 – Concluding Thoughts
35:20 – Wrap Up
John Feneck, CMFC is the Founder and CEO of Feneck Consulting.
John began his career in 1992 as an equity analyst on the Merrill Lynch global allocation fund. From 1993-2019, John was a senior executive for Mutual Fund and ETF providers, spending most of his career at Merrill Lynch Funds and JP Morgan Chase Funds. He was ranked #1 in both gross and net sales once at Merrill Lynch and three times at JP Morgan Chase. John is a regular contributor to various seminars, conferences, and media events.
John was a member of the precious metals PM team at Sprott in 2017 and has developed a compelling track record based on a proprietary method. He believes that building a diversified portfolio of 25 to 50 exceptional resource stocks is critical to success.
In September 2019, John started Feneck Consulting, LLC, based on demand from commodity companies, especially those in the metals and mining sector. They help small and mid-cap companies to raise awareness about their brand. The enterprise also works with HNW Financial Advisors and clients, educating them about the opportunities and risks in the financial markets and, specifically, in the commodities markets. John holds the series 7, series 63, CMFC, and has passed CIMA level one.
John lives in Scottsdale, AZ, and is a single Dad to an amazing 7-year-old daughter that is his best friend. On the weekends, he is a professional musician who enjoys performing and writing music, along with playing sports and traveling.