Episode Details

While the White House launches "Project Vault" and the Treasury talks down gold prices as a "speculative blow off," major banks are quietly raising their targets to record highs. John Feneck of Feneck Consulting joins Jeremy Szafron to expose the massive disconnect between Washington’s rhetoric and Wall Street’s bets.

Feneck breaks down the "insane" 100% price explosion in Tungsten following China's export ban on January 1st, 2026. He identifies the specific US defense stocks poised to benefit from this critical shortage and explains why the recent 29% "flush" in Silver was a margin-driven gift for smart investors.

Recorded on February 9, 2026

Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow John Feneck on Twitter: @FeneckConsult (https://twitter.com/FeneckConsult)

IN THIS INTERVIEW:

-The Narrative War: Why Treasury Secretary Bessent calls gold a "bubble" while JP Morgan and Goldman Sachs target $6,000.
-The Tungsten Crisis: How China’s export ban triggered a doubling of prices in just 90 days.
-Stock Picks: Specific buy ratings for Guardian Metal, American Tungsten, Paramount Gold, and Power Nickel.
-Silver Volatility: Why the "brutal" Jan 30th crash was a buying opportunity, not a sell signal.

CHAPTERS: 
0:00 - Intro: Project Vault vs. The Banks 
1:02 - Bessent Calls Gold a "Bubble" (But JPM Says $6,000) 
2:45 - The Silver "Liquidated": Why It Crashed 29% 
3:50 - "We Are Just PAs": Manipulation & The Banks 
5:50 - THE TUNGSTEN EXPLOSION: China’s Export Ban Explained 
7:20 - Top Defense Stock Picks: Guardian, American Tungsten & Spartan 
9:30 - Paramount Gold: Buying The Oregon Permit News 
13:10 - Highlander Silver & Bear Creek: The Bull Case 
15:40 - Hecla Mining & The Major Silver Producers 
18:50 - Copper Strategy: Why Power Nickel is a "Rifle Shot" 
20:55 - Macro Outlook: "Terrible" Payrolls & The Fed 
22:15 - "This Is Not A Casino": Buying The Flush Strategy

#Gold #Silver #Tungsten #MiningStocks #JohnFeneck #CommodityWar #ChinaBan #Economy #Investing #KitcoNews
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