John Feneck: Fed Hike Takeaways; Silver, Copper and Palladium Shares to Watchyoutu.be
Final week’s US Federal Reserve assembly introduced a much-anticipated rate of interest hike of fifty foundation factors, with the central financial institution additionally asserting stability sheet discount plans.
Talking to the Investing Information Community, John Feneck, portfolio supervisor and advisor at Feneck Consulting, gave his ideas on the information, and in addition shared shares he is watching in silver, copper and palladium.
“I believe (the Fed) delivered the quantity they wanted to,” he mentioned in a dialog just a few hours after the Fed’s announcement. “You noticed that mirrored within the broad market motion afterwards … particularly when (Chair Jerome) Powell began speaking at 2:30 p.m. EDT. Our sector additionally obtained a bid, which was very encouraging.”
The query now could be how the Fed will transfer ahead over the course of 2022.
“The takeaway for us although is that you just’re nonetheless taking a look at seven or eight hikes anticipated for this calendar yr, and that is simply ridiculous in our opinion if they’ll proceed to go 50,” Feneck commented. “They will need to go to 25 on a bunch of these in our opinion, or they’re simply going to need to skip just a few.”
Apart from that, Feneck spoke in regards to the corporations he likes within the silver, copper and palladium areas.
Beginning with silver, he mentioned that whereas the steel’s worth efficiency has been disappointing, he is been in search of names that do not want US$30 per ounce silver to do effectively. These embody Silvercorp Metals (TSX:SVM,NYSEAMERICAN:SVM), in addition to smaller corporations like Aftermath Silver (TSXV:AAG,OTCQX:AAGFF) and Golden Minerals (TSX:AUMN,NYSEAMERICAN:AMN).
Feneck is taken with palladium due to its strained provide/demand dynamics, which the conflict between Russia and Ukraine has exacerbated. He talked about Canadian Palladium Sources (CSE:BULL,OTCQB:DCNNF) and Group Ten Metals (TSXV:PGE,OTCQB:PGEZF) as shares he likes.
On the subject of copper, Feneck is taking a look at under-the-radar juniors that are not getting a lot consideration. He pointed to Braveheart Sources (TSXV:BHT,OTCQB:RIINF) as one instance, in addition to Granite Creek Copper (TSXV:GXC,OTCQB:GCXXF), which he has spoken about beforehand.
Watch the interview above for extra from Feneck on these corporations and the general useful resource market.
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Securities Disclosure: I, Charlotte McLeod, maintain no direct funding curiosity in any firm talked about on this article.
Editorial Disclosure: Group Ten Metals is a consumer of the Investing Information Community. This text isn’t paid-for content material.
The Investing Information Community doesn’t assure the accuracy or thoroughness of the data 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.
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