No ETF, No Futures Market: Why 17% Of His Money Is In This Metal

Newmont generated a record $2.2 billion in free cash flow last quarter. Barrick generated $515 million, and just $141 million of that was attributable to its own shareholders. John Feneck of Feneck Consulting Group explains why he owns Newmont and Agnico, and won't own Barrick. He was a net buyer of mining equities every week through July and August, taking his cash from 12-14% down to 8-10%. He's sticking with his bottom call, though he accepts gold could test $3,900 again. Also in this co...