Video News/Digging Deep

John Feneck, Founder and CEO of The Feneck Commodities Report, says the sharp pullback in gold and silver does not change his broader outlook for precious metals. Speaking with Kitco Mining’s Digging Deep, Feneck described the recent selloff as noise following extreme upside momentum, arguing that volatility is now a defining feature of this cycle. He said gold and silver are moving in unusually large increments and warned investors to expect sharp drawdowns as part of a broader bull market environment. Feneck also weighed in on the nomination of Kevin Walsh to replace Jerome Powell as Federal Reserve chair, explaining why policy uncertainty, a weakening U.S. dollar, and purchasing power erosion remain supportive for precious metals. He discussed the persistent disconnect between metal prices and mining equities, outlined what could drive a repricing across producers and juniors, and pointed to the return of large financings as a sign that capital is flowing back into the sector after years of underinvestment.