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I'm Buying These Gold & Silver Stocks 'Hand Over Fist': John Feneck

Commodity Culture Oct 9, 2026 30:57

Summary

John Feneck says the backdrop for gold and silver has never looked better, and he is buying gold equities hand over fist for leverage.

He runs a hub and spoke portfolio, holding ETFs like GDX as the core and selling satellite juniors after 200 to 300 percent gains.

He expects a 25 basis point Fed hike on December 9, sees gold support at 3,900 to 4,000 dollars and prefers equities over bullion.

His picks span BlackRock Silver, the Silver 47 Bunker Hill merger, Triumph Gold, Western Star tungsten and First Phosphate.

Gold miners are 0.1 percent of the investable universe, and he sees potential sector rotation when the tech led bull market changes.

Key points on Americas Gold & Silver Corp

  • The guest expects Americas Gold & Silver to keep doing well under CEO Paul, whom he calls a turnaround artist.
  • He cites it as last year's standout: the stock ran from about $1 to $11, and he sold portions on the way up at around $5 and $9-10.
  • At about $4.20 as of the recording, he says the pullback is why he never gets married to positions, whatever the chat-room hype.

Key points on Denarius Metals

  • A core long-term holding for the guest: he has visited the site in Colombia and says the company is in production and building a large facility there.
  • He and his partner Don Durrett both own the stock.
  • The shares peaked at $59.50 after his July 14 mention but have fallen back to $37 as of the recording, below the $41.50 level when he flagged them.

Key points on NexGold Mining

  • The guest cites 7 million ounces of gold in Canada, a jurisdiction he says commands a premium, which kept the stock from fully round-tripping.
  • It went from $0.83 at his July mention to $1.21, easing back to $0.97 as of the recording.

Key points on Blackrock Silver

  • The guest holds it as a core position rather than a trade because he sees the project as very economic: a March PEA he calls outstanding and an all-in sustaining cost of $17.44 per silver ounce against silver around $60.
  • He cites 123 million silver-equivalent ounces on private land in Nevada.
  • The stock went from $0.65 at his July 14 mention to $1 in August, then round-tripped to $0.63 by the recording date.

Key points on Silver47 Exploration Corp

  • The guest says its combination with Bunker Hill creates one of the biggest US silver players with 388 million silver-equivalent ounces, and he thinks both stocks look attractive at these prices.
  • It trades around $0.40 as of the recording, below the takeout price, which he finds mind-boggling.
  • All projects are in the US, and one goes into production with the merger, he says.
  • He met management for half an hour at Beaver Creek.