Video News/Digging Deep

John Feneck, Founder and CEO of The Feneck Commodities Report, says gold, silver and copper remain in a bull framework despite sharp pressure on mining equities. Speaking with Kitco Mining’s Digging Deep on July 23, Feneck said summer trading volumes, the Iran conflict, Fed uncertainty and capital crowding into tech and AI have weighed on the sector, even as key metal-price levels continue to hold. Feneck said the HUI was down sharply since March 1 and many juniors had fallen even further, but argued investors need to separate painful corrections from broken charts. “Super bullish,” he said of new U.S. defense restrictions on tungsten from China, Russia, North Korea and Iran, adding that the U.S. remains far behind China in rebuilding domestic supply. The discussion also covered processing bottlenecks, Donlin Gold, Barrick’s investment in Kingfisher Metals, New Pacific’s Carangas PEA in Bolivia, and why majors may need to pay real premiums to secure junior assets.