Video News/In Focus with Jeremy Szafron

John Feneck, Founder and CEO of The Feneck Commodities Report, says recent moves in commodity markets reflect widening gaps between government messaging and underlying supply realities. Speaking with Kitco News, Feneck discussed gold market volatility, central bank policy signals, and the impact of Project Vault on strategic metals. He addressed comments from U.S. officials characterizing gold as overheated while major banks continue to raise long-term price targets. Feneck highlighted tungsten as a key example of tightening supply, noting that prices have doubled following China’s January 1, 2026 export ban. He outlined how the restriction is affecting defense and critical materials supply chains and identified companies positioned to benefit from the shortage. Feneck also discussed silver’s sharp late-January selloff, describing the decline as margin-driven rather than fundamental, and explained how he evaluates volatility-driven pullbacks when assessing opportunities across precious and base metals.