Inside the Metals Bull Market and the Return of Mining Capital | John Feneck

John Feneck, Founder & CEO of The Feneck Commodities Report, joins Kitco Mining’s Digging Deep with Paul Harris as gold and silver experience violent volatility following a historic surge. With prices pulling back sharply, Feneck argues the move does not invalidate the trend. “We’re in a bull market,” he said, stressing that sharp drawdowns are now part of a new trading reality.Feneck reacts to breaking news around President Donald Trump’s nomination of Kevin Walsh to replace Jerome Powell as Fed chair, explaining why rate policy, a weakening U.S. dollar, and purchasing power matter for precious metals. He also breaks down why mining equities continue to lag metal prices, what could force a repricing across producers and juniors, and why the return of large financings signals a turning point after years of underinvestment in the sector.Recorded January 30, 2026.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.00:24 - Fed Chair Nomination and Market Reaction02:23 - Gold and Silver Volatility Update06:17 - Stock Market and Metals Price Disconnect09:59 - Major Mining Transactions and M&A16:49 - Financing Trends and Capital Returning to Mining19:25 - Ethical Mining and Global Perspectives21:34 - Chile’s Mining Policy and Closing Thoughts__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.