John Feneck, portfolio manager and consultant at Feneck Consulting, shares his outlook for gold and silver, commenting on the impact of the latest US Federal Reserve meeting — the first with Chair Kevin Warsh at the helm — and the deal between the US and Iran.
He sees the gold price revisiting US$5,500 per ounce next year, with US$4,700 to US$4,900 now acting as resistance. For silver he sees a base at the US$60 per ounce level.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.