Summer season is often a quiet time for the mining sector, however that does not imply buyers haven’t got work to do.
Chatting with the Investing Information Community (INN), John Feneck, portfolio supervisor and guide at Feneck Consulting, mentioned he takes seasonality into consideration when positioning in shares, and inspired others to take action as effectively.
“We’re taking July and August to place into some names considering that we will get some kind of rally from late August into November,” he mentioned. “Summertime and in December as effectively, when folks aren’t doing their homework, is once we’re doing most of our work, as a result of that is when you possibly can decide up some big bargains. In the event you really feel like doing one thing with them and disposing of them later subsequent 12 months or the 12 months after, you are going to make some appreciable cash we expect.”
Feneck shared updates on a lot of firms that he is beforehand mentioned with INN, highlighting current information from Ascendant Assets (TSX:ASND,OTCQB:ASDRF), US Gold (NASDAQ:USAU), Canadian Important Minerals (TSXV:CCMI,OTCQB:RIINF) and Stillwater Important Minerals (TSXV:PGE,OTCQB:PGEZF).
He additionally spoke about different firms which might be on his radar proper now, mentioning Spark Power Minerals (CSE:EMIN,OTC Pink:MTEHF), World Copper (TSXV:WCU,OTCQX:WCUFF), Canadian Palladium Assets (CSE:BULL,OTCQB:DCNNF) and Champion Electrical Metals (CSE:LTHM,OTCQB:GLDRF), previously referred to as Idaho Champion.
“I believe that when you’ve got severe cash, you actually should be excited about placing a few of it in our sector now,” he mentioned.
Other than shares, Feneck spoke about the place the gold value at present has assist and resistance, saying that US$1,790 to US$1,800 per ounce remains to be a line within the sand, though the US$1,820 to US$1,865 stage also needs to maintain. In his view, the yellow metallic continues to carry up effectively, even on the again of robust US financial information and expectations for extra charge hikes.
Watch the interview above for extra from Feneck on gold, different metals and the businesses talked about above.
Remember to observe us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, maintain no direct funding curiosity in any firm talked about on this article.
Editorial Disclosure: Ascendant Assets and World Copper are purchasers of the Investing Information Community. This text is just not paid-for content material.
The Investing Information Community doesn’t assure the accuracy or thoroughness of the knowledge reported within the interviews it conducts. The opinions expressed in these interviews don’t replicate the opinions of the Investing Information Community and don’t represent funding recommendation. All readers are inspired to carry out their very own due diligence.