(Kitco News) -With gold prices holding above $3,000 an ounce, some investors are still sitting on the sidelines – and that’s a mistake, says John Feneck, Founder and CEO of The Feneck Commodities Report.
“If you can’t make a decision at $3,200 gold, in my opinion, you’re never gonna make a decision,” Feneck told Kitco Mining’s Paul Harris. “The clients we work with are accredited and serious – they’re not just thinking about it, they’re buying.”
Feneck also criticized the way junior mining companies spend capital, warning that flashy marketing campaigns and conference appearances often fail to deliver meaningful returns. “There’s so much fluff out there in our sector,” he said. “Companies pay exorbitant amounts of money to get exposure to things that aren’t doing anything for their share price. Investors are getting a little bit tired.”
As companies navigate a high-gold-price environment, Feneck says it’s time for a smarter strategy, both in terms of investor engagement and capital deployment. “The smarter ones are becoming aware of that at $3,000-plus gold.”
Feneck is set to appear at several upcoming mining conferences, where he hopes to see a shift toward more results-driven investor engagement. Watch the video above for more insights.
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