John Feneck, a renowned expert in the field of precious metal investment, has been focused on keeping an intuitive eye on the gold industry’s performance over the past year. He describes the recent performance of gold as tremendous while also ensuring that he consistently monitors certain stocks known for their role in the gold industry or their potential growth opportunities.
To effectively understand Feneck’s perspective, it’s necessary to recap gold’s fantastic performance within the past year. The gold market has seen a significant increase, characterized by a bull market that started in late 2018 and picked up momentum throughout 2020. Gold outperformed many other asset classes, hitting an all-time high in August 2020. This surge is not surprising considering the economic uncertainty propelled by the COVID-19 pandemic, leading investors to resort to gold, an asset often viewed as a safe haven.
Feneck observed this performance and anticipated future market trends, hence closely following nine specific stocks with high intrigue and potential for growth. These nine stocks span across diversified fields, from exploration and mining to manufacturing, and were strategically chosen based on different factors. They represent the companies either directly linked to the gold industry or those that are brought into focus due to a potential market opportunity.
Firstly, Argonaut Gold and Galiano Gold are companies tied directly to the gold industry. They focus on exploration, development, and production of gold properties. On the other hand, stocks such as Serabi Gold and Wesdome Gold Mines reflect more specialized sections of the industry, focusing on specific regions of exploration and mining.
Next, B2Gold and Lundin Gold represent the larger-scale operations within the precious metal industry. Their operations are spread globally, with a more significant production output compared to their counterparts. Meanwhile, Gran Colombia Gold focuses on the acquisition, exploration, development, and operation of precious metal properties in Colombia, a country renowned for its rich gold reserves.
On the other side of the spectrum, the last two stocks include TRQ (Turquoise Hill Resources) and SHOP (Shopify). Although not directly related to gold, they piqued Feneck’s interest due to significant growth opportunities. TRQ is linked to the mining industry, specializing in the acquisition, exploration, and operation of mineral properties. Shopify, a leading e-commerce company, is included due to the rising trend of online shopping, indicating promising growth.
In summary, John Feneck has effectively used his extensive expertise in the gold market to monitor its performance. Amid a tremendous year, he has kept a close eye on certain stocks linked either directly or indirectly to the gold industry, anticipating future market trends. His approach offers a unique perspective, amalgamating traditional sectors like gold with modern sectors like e-commerce, revealing his beautifully holistic approach to investment and financial growth strategies.
