
The KE Report
390 episodes — Page 8 of 8
Ep 3253Rob Bruggeman - Introducing The Wealthy Miner: A New Subscription Based Research Platform For Metals Investors
In this episode, we are joined by Rob Bruggeman, an experienced industry insider and equity analyst who recently launched The Wealthy Miner, a subscription-based research platform. Drawing on over 20 years of experience as an analyst and proprietary trader for major banks, Rob shares his unique analytical framework for identifying value in the resource sector. Rob explains his current preference for producers over early-stage explorers, citing the immediate benefits of rising metal prices and the risk of cost inflation for future developments. Key Discussion Points The Wealthy Miner Philosophy: Transitioning from a banking background to a disciplined research platform designed to provide an information advantage through rigorous analysis. Precious Metals Outlook: Why the current bull market in gold and silver remains intact, with the potential for gold to reach $10,000 as geopolitical and currency forces continue to align. Producers vs. Explorers: A deep dive into why near-term producers offer better risk-reward profiles today, as they have already "sunk" their costs and can capture immediate margins from high spot prices. Strategic Minerals and Copper: Assessing the long-term demand for copper driven by AI and electrification, and the specific criteria for identifying world-class copper porphyry discoveries. Stock Selection Criteria: How to differentiate between "lottery ticket" explorers and projects with legitimate potential for a "ten-bagger" return based on drill results and management execution. Click here to visit The Wealthy Miner website - https://www.thewealthyminer.com/ ------------------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Ep 3252Great Pacific Gold - Exploration Update: 58.9m at 2.5 g/t AuEq In First Hole At Kavasuki, New High-Grade Targets, Drilling Ongoing
In this exploration update, we are joined by Greg McCunn, President and CEO of Great Pacific Gold (TSX.V: GPAC | OTCQX: GPGCF). Greg provides a comprehensive look at the company’s recent drill results and the rapid expansion of their exploration targets within the Wild Dog structural corridor in Papua New Guinea. The discussion covers the transition of drilling efforts from the Sinivit target to the Kavasuki target, early visuals from the maiden program at Kasie Ridge, and the high-priority channel sampling results from the Morgan and Magiabe West areas. Key Discussion Points: High-Grade Success at Kavasuki: Analysis of the first drill hole which returned 58.9 meters at 2.5 g/t AuEq. The Wild Dog Corridor Strategy: Insight into the 1-kilometer undrilled gap between Sinivit and Kavasuki and the company's plan to test if these areas form one continuous high-grade system. Maiden Drilling at Kasie Ridge: An update on the second drill rig testing a never-before-drilled lithocap and porphyry target, where early holes have already visualized chalcopyrite. New Discoveries at Morgan and Magiabe West: Review of channel samples, including 19.3 meters at 4.1 g/t AuEq at the Morgan Vein and 8.0 meters at 18.12g/t AuEq at Magiabe West, significantly extending the known strike length of these systems. 2026 Exploration Outlook: A look at the company’s $10 million working capital position and the systematic plan to utilize two rigs to build resources and test new pipeline targets through the remainder of the year. If you have any follow up questions for Greg please me at [email protected]. Click here to visit the Great Pacific Gold website - https://gpacgold.com/ --------------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Ep 3251Scottie Resources – Final 2025 Drill Results From The Blueberry Contact Zone, Looking Ahead to Fully-Funded 50,000 Metre 2026 Drill Program
Brad Rourke, Executive Chairman of Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR80), joins us to review the final drill results from the 2025 drill program at the Blueberry Contact Zone, and we look ahead to the fully-funded 50,000 metre 2026 Drill Program at the Scottie Gold Mine Project; located in the Golden Triangle of British Columbia. Once all the data from both the 2025 and 2026 drill programs are analyzed, then an updated Resource Estimate and Feasibility Study will be released next year. Brad has moved into the role of Executive Chairman, focused on strategic oversight, capital markets engagement, and corporate development initiatives. He has passed the leadership baton to Thomas Mumford, promoting him to CEO, as well as President. Mr. Rourke has been instrumental in assembling the Company's current management team and Board of Directors, attracting high quality investors and strategic partners such as Ocean Partners and Franco Nevada, which facilitated the discovery of the Blueberry Contact Zone, and securing funding for the Company's largest drill programs to date. Dr. Thomas Mumford brings extensive experience in corporate strategy, capital markets, and resource project advancement, overseeing the Company's recent PEA and drilling execution strategies that have continued to advance and grow the Project while identifying future drill targets that may result in new discoveries. As CEO, he will lead the Company's operational execution, strategic planning, and stakeholder engagement. Next we focused on the final assay results from the 2025 drill program that were announced over a few press releases in February, and which demonstrated continuity at Blueberry and district-scale upside across the property. In 2025, Scottie completed its biggest drill season ever, drilling more than 27,300 metres across 126 holes. This included 17 specialized holes (2,300 metres) focused on ground stability and water studies important steps as the project advances toward potential future mine development. The program delivered the best gold intercept ever recorded on the property, including 30.1 grams per tonne gold over 23.65 metres in drillhole # SR24-364. Other recent headline holes returned 14.4 g/t Gold over 40.75 Metres in drillhole # SR25-483; 42.5 g/t Gold over 4.40 Metres in drillhole# SR25-381; 141 g/t Gold over 4.55 Metres in drillhole# SR25-470; and 54.6 g/t Gold over 7.05 Metres in drillhole # SR25-473. Results from the season showed consistent high-grade gold throughout the project. 44% of holes hit more than 2 metres of 5+ g/t gold 30% of holes hit more than 2 metres of 10+ g/t gold 25% of holes hit more than 2 metres of 15+ g/t gold 20% of holes hit more than 2 metres of 20+ g/t gold 11% of holes hit more than 2 metres of 30+ g/t gold Brad outlined the team at Scottie is now finalizing their interpretation of the 2025 assay results and will outline the 2026 exploration plans in the coming weeks for the 50,000 meter drill program focused on upgrading known ounces from inferred to indicated, as well as testing expansion targets like Wolf, P-Zone, C&D veins, and Domino. After all the 2026 data comes in the Company will then update the Resource Estimate and complete the workstreams to announce the Feasibility Study. If you have any questions for Thomas regarding Scottie Resources, then please email us at [email protected] or [email protected]. In full disclosure, Shad is a shareholder of Scottie Resources at the time of this recording and may choose to buy or sell shares at any time. Click here to follow the latest news from Scottie Resources For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Ep 3250Versamet Royalties – Record Q4 and FY2025 Financials, Growth In Production Assets Ramping Up, and Through Mid-Sized Acquisitions
Paul Jones, President of Versamet Royalties (TSX: VMET) (NASDAQ: VMET), joins me to review the key metrics from the record Q4 and FY2025 financials, and to provide an update on key assets ramping up into production, as well as development-stage assets with workstreams working towards eventual production. We also look ahead to future mid-sized royalty and streaming transactions to continue growing, and discuss the benefits of the coming big board US exchange listing. Q4 2025 Financial Highlights Record revenue of $18.4 million, an increase of 465% over Q4 2024. Record attributable gold equivalent ounces1(“GEOs”) of 4,430, an increase of 260% over Q4 2024. Record operating cash flow before working capital changes2of $13.9 million, an increase of 1,126% over Q4 2024. Record net income of $15.1 million, an increase of 307% over Q4 2024. Record adjusted EBITDA3of $13.6 million, an increase of 862% over Q4 2024. Full Year 2025 Financial Highlights Record revenue of $34.8 million, an increase of 189% over 2024. Record GEOs1of 9,815, an increase of 94% over 2024. Record operating cash flow before working capital changes2of $24.7 million, an increase of 277% over 2024. Record net income of $20.3 million, an increase of 931% over 2024. Record adjusted EBITDA3of $23.0 million, an increase of 336% over 2024. 2025 Corporate Highlights Acquired a copper stream on Endeavour Silver’s operating Kolpa mine in Peru. Listed on the TSX Venture Exchange and subsequently uplisted to the Toronto Stock Exchange. Acquired a significant silver stream on the operating Rosh Pinah Zinc mine in Namibia and a polymetallic royalty on the operating Santa Rita mine in Brazil, both operated by Appian Capital Advisory Limited (“Appian”). Welcomed Nemesia S.à.r.l., a private company controlled by the trusts of the Lundin Family, and Tether Investments S.A. de C.V. (“Tether”), as new shareholders of the Company. Received inaugural royalty and stream revenues from the Blackwater, Kolpa, Kiaka, Rosh Pinah, and Santa Rita mines. Post Quarter Highlights Completed a C$142 million equity financing, adding several new institutional and retail shareholders. Completed a C$22 million private placement with Tether, and separately welcomed Gold Mountains Asset Management Limited, a subsidiary of Zijin Mining Group Co., Ltd., as a new shareholder of the Company. Listed on the TSX Venture Exchange and subsequently uplisted to the Toronto Stock Exchange. Fully repaid $80 million on the term loan and repaid $46 million on the revolving credit facility, reducing the amount drawn to $45 million as of March 12, 2026. Increased revolving credit facility capacity to $225 million, including a $25 million accordion option. Common shares commenced trading on the NASDAQ. If you have any questions for Paul regarding Versamet Royalties, then please email those in to me at [email protected]. Click here to follow the latest news from Versamet Royalties For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Ep 3249TG Watkins - Finding Opportunity in a Choppy Market: Comments On Homebuilders, Crypto, Oil, Gold
In this daily editorial, we are joined by TG Watkins, Director of Stocks at Simpler Trading and Editor of The Profit Pilot. TG provides a deep dive into the technical setups defining the current market landscape, characterized by aggressive volatility and shifting geopolitical narratives. Key Discussion Points: Monetizing the Hedges: TG explains the recent "choppy" price action in the S&P 500, where large participants are cashing in puts on market drops, preventing a total crash while maintaining a downward bias. The Iran Conflict Impact: A look at how geopolitical tensions have driven market fear and how a potential de-escalation could trigger a massive "risk-on" rotation. Bottoming Signals in Specific Sectors: Why the Homebuilders (XHB) and Cryptocurrency markets may be signaling a short-term bottom despite broader market weakness. The Outlook for Commodities: An analysis of why Oil (USO) may be double-topping and why Gold (GDX) and Silver (SLV) might be due for a consolidation period as money rotates back into equities and tech. Key Stocks to Watch: Tactical commentary on leading names like NVIDIA (NVDA) and Tesla (TSLA) as barometers for overall market health. Stocks and Symbols Mentioned: S&P 500 ($SPY), Homebuilders ($XHB, $NAIL), Oil ($USO), Gold ($GDX, $GDXJ), Silver ($SLV), Bitcoin ($BTC), Wolfspeed ($WOLF), Iren ($IREN), Cipher Mining ($CIFR), Hut 8 ($HUT), NVIDIA ($NVDA), Tesla ($TSLA). Click here to visit the Simpler Trading website - https://www.simplertrading.com/ Click here to visit TG’s site - Profit Pilot - https://www.profit-pilot.com/ -------------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Ep 3248Heliostar Metals - Operations & Exploration Update: 2026 Production Growth, 9 Drill Rigs Turning
In this company update, we sit down with Charles Funk, President and CEO of Heliostar Metals (TSX-V: HSTR | OTCQX: HSTXF), to discuss the company’s current gold current gold operations and exploration in Mexico. Following a 60% increase in production guidance, Charles details how the team is optimizing operations in Mexico and leveraging innovative techniques to maximize production at high gold prices. Key Discussion Points: Production Growth and Guidance: Charles explains how the company has lifted production to 50-55,000 ounces this year from its Sonora and Durango mines, with a clear organic path to reach 300,000 ounces and an ultimate goal of 500,000 ounces by the end of the decade. Innovation at La Colorada: A deep dive into the injection leaching process at the La Colorada leach pads, a low-cost method. Aggressive Exploration Strategy: With nine drill rigs currently turning, the company is focusing on feasibility drilling at Ana Paula while simultaneously seeking to extend the mine life at San Agustin. Strategic Asset Management: The reasoning behind the recent option agreement with Zacatecas Silver for non-core properties. Jurisdictional Outlook in Mexico: An honest conversation regarding the current operating environment in Mexico and why Heliostar remains committed to the region despite broader market concerns. Please email me at [email protected] with any follow up questions for the team at Heliostar Metals. Click here to visit the Heliostar Metals website to learn more about the Company - https://www.heliostarmetals.com/ ---------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Ep 3247Stillwater Critical Minerals – A Visual Exploration Update Of The 2025 Drill Program and Key Catalysts In 2026
[Recorded March 13th, 2026 – There is a technical glitch in Danie’s display for the first 45 seconds and then it comes into the video] — Michael Rowley, President & CEO, Dr. Danie Grobler, Vice President of Exploration, and Justin Modroo, Project Geophysicist, of Stillwater Critical Minerals (TSX.V: PGE – OTCQB: PGEZF) provide different layers of input to this exclusive video roundtable with these 3 officers of the Company. We get a visual review the evolving geological understanding from the 2025 drill program, with key exploration initiatives on tap for 2026, and the value proposition at the Stillwater West Ni-PGE-Cu-Co + Au project in Montana. Mike outlines that their Stillwater West Project is a very large polymetallic resource with a substantial copper inventory and the largest nickel project in an active U.S. mining district, in addition to palladium, platinum, rhodium, copper, cobalt, chromium, and gold; plus as yet unquantified amounts of ruthenium and iridium. Overall, Stillwater West is uniquely positioned to become a primary source of 10 commodities now listed as critical, given their location immediately adjacent to Sibanye-Stillwater’s operating mine complex in Montana. Danie shares an overview of the structural controls of the geological environment that hosts the mineralization, using the South African Bushveld Igneous Complex as analog, and how their five “Platreef-style” (or contact-type) Ni-Cu-Co-PGE+Au deposits may tie together in a larger sense. He goes on to outline why their 2025 exploration initiatives were successful and shows the semi-massive to massive sulfides in the drill core, and in the assays that have been reported thus far. He also shares how there are several mineralized events in the sulfides bringing in pockets of higher-grade polymetallic zones within the overall bulk tonnage type of deposit Justin goes on to highlight what they are learning from the geophysical surveys over their district-scale land package, and why their team has high-confidence in the upcoming 2026 drill program, to keep stepping out along the parameters and character of this mineralized trend. Highlights and upcoming catalysts: The 2025 drill campaign is now complete, totaling 3,471m in eight holes, with all assays pending near-term release (the first 2 holes results were leased in news out today a few days after the recording of this interview) The updated MRE will incorporate 14 drill holes totaling 5,781 meters (“m”) from the 2023 and 2025 programs, plus select historic holes not included in the current estimate. The updated Mineral Resource Estimate is expected in the latter part of H1 2026, and it will mark the next step in advancing Stillwater West as a potential large-scale source of ten minerals listed as critical in the U.S. The update will build upon the January 25, 2023, Inferred Mineral Resource and results will support further technical studies and economic assessments. The work is being led by Mr. Timothy Kuhl (MTS) and Dr. Danie Grobler (Stillwater) who together previously worked with the late Dr. Harry Parker on the resource estimation and technical reports for Ivanhoe Mines’ Platreef Mine. To view the YouTube video of this discussion: https://youtu.be/LT1OhLVUPlQ If you have any questions for the team at Stillwater Critical Minerals, then please email them into me at [email protected]. Click here to follow the latest news from Stillwater Critical Minerals For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Ep 3245Weekend Show - Rick Bensignor & Dana Lyons - Beyond the Iranian Conflict: Identifying Market Cracks and Commodity Winners
As geopolitical tensions in the Middle East muddy the economic waters, market veterans Rick Bensignor and Dana Lyons dive deep into the technical "cracks" forming beneath the surface of the major indices. This week’s discussion centers on a critical transition: moving away from overextended growth and the "Magnificent 7" toward defensive positioning, tactical cash reserves, and the long-term structural bull case for energy and select mining stocks. Segment 1 & 2 - In this podcast segment, Rick Bensignor, President of Bensignor Investment Strategies, discusses his tactical approach to the current "choppy" markets and why he has been raising cash in anticipation of a potential correction. He analyzes technical signals for the S&P 500, the implications of rising 10-year Treasury yields, and provides his outlook on the energy, precious metals, and cryptocurrency sectors. Click here to visit the In The Know Trader website - https://intheknowtrader.com/ Segment 3 & 4 - In this interview, Dana Lyons, a fund manager and editor of Lyons Share Pro, discusses current market volatility and his use of inverse ETFs to hedge against near-term risks in broad indexes. He also provides technical outlooks on various sectors, including a bullish long-term view on energy stocks and a cautious perspective on the precious metals complex. Click here to visit the Lyons Share Pro website and learn more about Dana’s investment services - https://lyonssharepro.com/ If you enjoy the show, be sure to subscribe to our podcast feed (KER Podcast), YouTube channel, and follow us on X for more market commentary and company interviews. Don’t forget to subscribe and leave us a review! For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Ep 3246Robert Sinn –Technical and Fundamental Outlook On Gold, Silver, Copper, PM Producers and Developers, Recent Takeover Transactions, and 3 Explorers Worth Reviewing
Robert Sinn, (aka Goldfinger on CEO.ca and CeoTechnican on X) and publisher of Goldfinger Capital on YouTube and Substack, joins us for another wide-ranging discussion on the shifting sector sentiment, the technical outlook on gold, silver, copper, the fundamental valuations in producers and developers, thoughts on recent merger and acquisition deals, and the value propositions in 3 exploration stocks. We start off unpacking the seasonality of the metals and mining stock prices from tax loss selling season, into the year-end Santa Claus rally, the blistering Q1 run higher in January, the post-VRIC correction and peak in investor sentiment late in that month, the February chop, and the PDAC curse and further corrective moves down in March. Robert fields a few of our questions on how he is viewing the changes in valuations to the gold and silver stocks from last year into this year, and even from January peaks to recent corrective moves. We opine what aspects are important with regards to contrast in PM producers margin expansion versus their more recent share price corrections Robert highlights a few P/NAV considerations for producers and developers, that have changed over the last year The discussion then shifts to why we aren’t witnessing a bigger string of M&A transactions and why the valuations aren’t higher? The conversation on gold stocks ranges from valuations in large producers like Newmont and Agnico Eagle down to quality developers like Banyan Gold (TSXV:BYN)(OTCQB:BYAGF) and best-in-class advanced explorers like Snowline Gold Corp. (TSX:SGD)(OTCQB:SNWGF). We also dissect the nuance around ounce-in-the-ground valuations, and the other criteria that can affect market perceptions, using the Fresnillo takeover of Probe Gold Inc. (TSX: PRB) (OTCQB: PROBF) as a case study. Next we dive into the copper market, and how this is where we are actually seeing more merger and acquisition deals. Robert highlights the recent takeover of Arizona Sonoran Copper Company Inc. (TSX: ASCU; OTCQX: ASCUF) Cactus Project at all-time highs by Hudbay Minerals Inc. (TSX, NYSE: HBM) as the more ideal type of acquisition that we’d like to see more of in this space. We also note the Eldorado Gold acquisition of Foran Mining, and the Faraday Copper acquisition of BHP’s San Manuel Project as 2 other recent copper M&A deals. He also highlights the lack of quality tier-1 gold and silver development projects, and that this may be why more of the senior gold producers are focused on getting strategic positions into copper assets. With regards to the explorers, Robert is focused on exciting mineral belts that may host a string of new discoveries in US states like Idaho, Nevada, and Arizona or Canadian provinces like British Columbia or the Yukon. Robert highlights 3 explorers with compelling news catalysts on tap that have his attention this year in Kingfisher Metals Corp. (TSXV:KFR) OTCQB:KGFMF), StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF), and Hercules Metals Corp. (TSXV: BIG) (OTCQB: BADEF) Wrapping up, Robert provides some best practices regarding navigating the trading volatility, when raise cash in one’s portfolio, when to considering trimming or selling, and how to rotate funds based on fundamental or technical factors. Follow Robert’s analysis on Substack . https://ceo.ca/@goldfinger . Click here to follow Robert on X/Twitter . https://www.youtube.com/@GoldfingerCapital/videos For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Ep 3244Marc Chandler - Middle East Conflict: Calculating the Economic Impact In The US, Fed Policy, Currencies
In this episode, we welcome back Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of the Marc to Market website. Marc joins us to unpack the heavy impact of current geopolitical tensions on global markets, specifically focusing on the escalating conflict in Iran. We dive deep into how war is currently the primary fundamental driving market behavior, overshadowing even major domestic data like US GDP revisions. Key Discussion Points: The Energy Inflation Formula: For every 10% increase in the price of oil, the PCE deflator typically sees a 0.2% boost. We discuss the massive 54% spike in WTI contracts over the last month and what that means for your wallet at the pump. Central Bank Pivot or Pause: Before the conflict, markets were pricing in multiple Fed rate cuts; now, the odds of a cut before the midterms have vanished, with some even anticipating potential hikes. The Dollar as a Safety Net: Why the US Dollar remains a "safe haven" during global unrest, fueled by market positioning adjustments and the liquidation of higher-risk assets like Mexican bonds. The Myth of Stagflation: Marc challenges the current stagflation narrative by comparing today’s energy dependency to the 1970s, suggesting that while growth is slowing, we aren't seeing a repeat of the double-digit misery of the past. Global Interest Rate Swings: A look at how the Eurozone and UK have shifted from expecting rate cuts to bracing for hikes as inflation expectations become unanchored. Click here to visit Marc’s site - Marc To Market - https://www.marctomarket.com/ ------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Ep 3243Kirkland Lake Discoveries – Ongoing 25,000 Meter Drill Program At KL West, KL East, And KL South At The Newly Acquired Mirado Gold Project In The Abitibi
Stefan Sklepowicz, CEO of Kirkland Lake Discoveries (TSXV: KLDC) (OTCID: KLKLF), joins us for a company introduction and exploration update on their ongoing 25,000 meter drill program across their 400-km2 exploration portfolio in the Kirkland Lake region of Ontario's Abitibi Greenstone Belt; one of the most prolific mining districts in the world. The Company's properties span key fault zones, geophysical anomalies, and volcanic-sedimentary contacts within the Blake River Group, a highly prospective assemblage known to host both gold and polymetallic massive-sulphide deposits. With exploration permits now in place, KLDC is positioned to advance a strong pipeline of drill-ready targets at KL South, KL East and KL West, supported by multiple anomalous soil trends, historical mineral showings, and structurally controlled intersections. Building on exciting drill results from Summer 2025, KLDC has initiated a 25,000m drill program following up on drill-ready targets at both the KL West site and the newly acquired the Mirado Gold Project at KL South. The team combines strong technical experience with a focus on smart, efficient exploration designed to deliver results. 12,000 meters have already been drilled at KL West, where only 1,000 meters of assays have been returned back thus far, from the Wolverine Bend target, with the balance of meters drilled still at the assay lab and expected back in the near future. One of the drills from KL West is being moved down to KL South to put in about 7,000 meters of drilling around the historic Mirado Gold Mine, where there is already a known historic 440,000 ounce gold resource in place. The system is open in all directions and at depth under historic drilling, so the company will be doing some confirmation holes and some step-out or deeper holes to expand the mineralized footprint. We discuss the financial health of the company, where this drill program is fully funded, the key strategic shareholders, and the industry experience and background of the management team and board of directors. The company is also expecting the US shares to list on the OTCQB in the very near future. If you have any questions for Stefan about Kirkland Lake Discoveries then please email them into us at [email protected] or [email protected]. Click here to follow the latest news from Kirkland Lake Discoveries For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Ep 3242Erik Wetterling – PDAC Review – Value Proposition In Cabral Gold, Sonoro Gold, and Cerro de Pasco
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review the key takeaways he got from attending the recent PDAC conference in terms of attendance, investor sentiment, reaction to company newsflow before and during the event, and conversations with other investors and management teams. In addition, he reviews the value proposition that has his attention in the corporate news and strategies from 3 advanced gold and silver developers looking to go into the 2nd wave of the Lassonde Curve on the pathway to production in the next 1-2 years >> The companies we discussed in the interview are: Cabral Gold Inc. (TSXV: CBR) (OTCQX: CBGZF) – On March 10, 2026, the Company announced that the Environmental Council (COEMA) for the state of Pará has issued the Licença Prévia ("LP") for the Full Mining License at Cuiú Cuiú Gold District, Brazil. Sonoro Gold Corp. (TSXV: SGO) (OTCQB: SMOFF) (FRA: 23SP) – On Feb. 28, 2026 the Company announced the results of an independent updated Mineral Resource Estimate (“MRE”) and updated Preliminary Economic Assessment (“PEA”) on the Company’s Cerro Caliche gold project located in Sonora State, Mexico. The PEA demonstrates the potential viability for a ten-year life of mine (“LOM”), open pit, heap leach mining operation with an initial one-year ramp up production rate of 12,000 tonnes per day (“tpd”) and an increase to 16,000 tpd for the remaining LOM. Cerro de Pasco Resources Inc. (TSXV: CDPR) (OTCQB: GPPRF) – On March 02, 2026 they announced entering into a Project Development Funding Agreement with the U.S. International Development Finance Corporation (“DFC”), the development finance institution of the United States Government. Under the Agreement, DFC will provide up to US$5 million in milestone-based project development funding to support defined project development activities for the Quiulacocha Tailings Reprocessing Project in Peru. In addition, the Agreement states that DFC is considering the possibility of providing up to US$300 million in long term direct loan financing to support construction of the Project. * In full disclosure, some companies mentioned by Erik in this interview, are positions held in his personal portfolio, and also may be site sponsors of The Hedgeless Horseman website at the time of this recording. Click here to follow Erik’s analysis over at The Hedgeless Horseman website For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Ep 3241Arizona Sonoran Copper – Unpacking The Acquisition By Hudbay Minerals - Anticipated Synergies Of The New Pro-Forma Company
George Ogilvie, President and CEO of Arizona Sonoran Copper (TSX:ASCU – OTCQX:ASCUF), joins us to unpack the key news from March 02, 2026 that Hudbay Minerals Inc. (TSX, NYSE: HBM) and Arizona Sonoran Copper Company announced that they have entered into a definitive agreement pursuant to which Hudbay has agreed to acquire all of the issued and outstanding common shares of ASCU, not already owned by Hudbay, for consideration of 0.242 of a common share of Hudbay per common share of ASCU. The offer implies a value of C$9.35 per ASCU share based on Hudbay's closing share price on the Toronto Stock Exchange (“TSX”) on February 27, 2026, and represents a premium of 30% to ASCU’s closing share price on February 27, 2026. The offer implies a premium of 36% based on Hudbay’s and ASCU’s 20-day volume-weighted-average share prices ("VWAP") on the TSX for the period ending February 27, 2026. The Transaction will result in Hudbay owning a 100% interest in ASCU’s Cactus project. Key Takeaways: Establishes a major copper hub in southern Arizona with the addition of the Cactus project to Hudbay’s existing Arizona business, including the Copper World project Strategically positions Hudbay to become a leading supplier of domestic U.S. refined copper with Copper World and Cactus both expected to be significant producers of copper cathode Provides a clear pathway to scale Hudbay’s annual copper production from ~125,000 tonnes today to more than 250,000 tonnes by 2030 with Copper World and other near term optimization projects, and potential to grow to more than 350,000 tonnes with Cactus Significant operational efficiencies and regional synergies are expected with the staged development of Copper World and Cactus Accretive to Hudbay's shareholders on a net asset value per share basis and on a reserves and resources per share basis with the addition of a high-quality asset in a core jurisdiction, positioning Hudbay’s next phase of growth once Copper World is in production Compelling premium for Arizona Sonoran shareholders with continued participation in the long‑term value of the Cactus project through ownership in Hudbay and immediate exposure to Hudbay’s diversified operating platform, significant free cash flow generation, and industry-leading organic growth pipeline. * If you have any follow up questions for George about Arizona Sonoran, then please email us at [email protected] or [email protected]. In full disclosure, Shad has a position in Arizona Sonoran Copper at the time of this recording and may chose to buy or sell shares at any time. Click here to visit the Arizona Sonoran website to read over all the recent news. For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Ep 3240Mike Larson - The Great Sector Rotation: Oil, S&P, Metals, Bitcoin
In this Daily Editorial, we sit down with Mike Larson, Editor-in-Chief at MoneyShow, to navigate a complex market landscape defined by geopolitical tension and shifting investor sentiment. Following the recent MoneyShow conference in Las Vegas, Mike breaks down the massive volatility in energy markets and why the "boring" sectors are suddenly becoming the stars of the show. Key Discussion Highlights: The Geopolitical Risk Premium in Oil: A deep dive into the impact of the conflict in the Middle East, the effective blockade of the Strait of Hormuz, and why crude prices hit the $120 mark before retreating. The Strategic Petroleum Reserve (SPR) Response: Analyzing the IEA and G7’s "supply bazooka" and whether releasing 400 million barrels is enough to stabilize global markets long-term. Sector Rotation and the Value Resurgence: Why the $XLE (Energy), $XLU (Utilities), and $XLF (Financials) are seeing increased interest as investors rotate out of growth and into value. Inflation and the Federal Reserve’s Dilemma: How rising energy costs are complicating the inflation narrative, potentially pushing back expected rate cuts for 2026. The Outlook for Precious Metals: Why Gold and Silver remain in a "chop" phase despite the global chaos and when we might expect the next leg up in the bull market. Click here to find out about the upcoming MoneyShow conferences - https://www.moneyshow.com/ ---------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Ep 3239Banyan Gold - 40,000 Meter Drill Program Details, High-Grade Drill Results, Franco-Nevada Acquires Existing Royalty
In this update, I am joined by Tara Christie, President and CEO of Banyan Gold (TSX.V: BYN | OTCQB: BYAGF), to discuss a series of major milestones at the AurMac Gold Project in the Yukon. The conversation centers on Franco-Nevada’s recent $52.2 million purchase of a pre-existing royalty on the project, as well as the progress of Banyan’s fully funded 40,000-meter drill program. Key Discussion Points: Franco-Nevada Royalty Acquisition: Tara explains the implications of Franco-Nevada acquiring a 6% NSR (which Banyan can reduce to 1%) for $52.2 million, viewing it as a massive institutional validation of AurMac’s long-term mine potential. The 2026 Drill Program: An overview of the 40,000+ meter campaign currently underway, focused on both resource infill and aggressive step-out drilling, as well as new target drilling across the project. High-Grade Consistency: Analysis of recent drill results from the Airstrip deposit, confirming predictable, high-grade mineralization exceeding 1 g/t gold in the project's early-year mining zones. Regional Exploration Upside: Insight into ten new regional targets across Banyan’s 720 square kilometer land package. Upcoming Catalysts: A look ahead at the news flow for the remainder of 2026, including pending assay results, a Mineral Resource Estimate update in Q2, and the Preliminary Economic Assessment (PEA) slated for the second half of the year. If you have any follow up questions for Tara please email me at [email protected]. Click here to visit the Banyan Gold website - https://banyangold.com/ ----------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned
Ep 3238Aztec Minerals - Connects Gold-Silver Mineralization At Contention and Westside Areas, Drill Program Expanded To 17,000 Meters
In this corporate update, we are joined by Simon Dyakowski, President and CEO of Aztec Minerals (TSX.V: AZT | OTCQB: AZZTF). Simon discusses the significant implications of recent drill results from the Tombstone Project in Arizona, highlighting a major expansion of the exploration program and the geological connection of key mineralized zones. Key Discussion Points Expansion of the 2026 Drill Program: Building on strong results, the company has added 4,500 meters of RC drilling, bringing the total program to approximately 16,700 meters to further test the Westside and Contention zones. Connecting the Mineralized Zones: Recent drilling has successfully demonstrated continuous mineralization between the North Contention pit and the Westside zones, significantly increasing the potential scale of the project. Gold and Silver Zonation: Simon explains the metal distribution across the property, noting that the central Contention zone leans gold-rich, while the Westside and Southern extensions show increasing silver dominance. Deep Porphyry and CRD Targets: Beyond shallow oxide targets, the team is investigating deep-seated potential, utilizing down-hole geophysics and deep core drilling to vector into possible Carbonate Replacement Deposits (CRD) and porphyry systems. Strong Financial Position: With a budget of $1.2 million USD for the expanded program and approximately $7.5 million CAD in the treasury, Aztec is fully funded to execute its aggressive 2026 exploration strategy. Please email me any questions you have for Simon. My email address is [email protected]. Click here to visit the Aztec Minerals website - https://aztecminerals.com/ ----------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Ep 3237Amex Exploration – Bulk Sample Permit Imminent, Phase 1 Feasibility Study Coming in March, Ongoing Development and Exploration Work At The Perron Gold Project and Ontario Projects
Victor Cantore, President and CEO of Amex Exploration Inc. (TSXV: AMX) (OTCQX: AMXEF), joins me for a comprehensive update on all the development work and exploration results that will be feeding into the upcoming bulk sample, and 2-Phase economic studies around their 100% owned high-grade Perron Gold Project located in Quebec, Canada. Additionally, we discuss the near-term exploration campaign about to begin on the expanded land package across the provincial border into Ontario, from staking claims and their 2 recent acquisitions of Perron West and the Abbotsford/Hepburn properties. We start off getting the roadmap to the near-term trial mining of the high-grade Champagne Zone for the upcoming bulk sample. Once the permit is received in March, the plan is to mine the bulk sample material and process ~40,000 tonnes via toll-milling at a nearby plant, which should result in around 20,000-23,000 ounces of gold production. In addition to what they will learn in the process, after investing $40 million into the bulk sample process, it should return about $80-$100 million in non-dilutive capital back, allowing for progressing right into Phase 1 toll-milling for the next several years. There will be an initial Phase 1 Feasibility Study coming out later this month, outlining the first 4+ years of moving into initial production through trucking over high-grade ore and tolling milling it at nearby plants in Quebec. The revenues generated from these processes will fund all the exploration and development work that feeds into the Phase 2 studies; for the move into a larger production scenario processing ore right on their property. All of the data collected and information learned, in combination with with expanding resources from all the ongoing drilling will then be factored into the eventual Phase 2 Feasibility Study on the larger project; where building a processing plant on site will be released which envisions the true potential of the overall larger Project. Recent Champagne Zone Grade Control Drill Results for the Bulk Sample: Drill Hole # PE-19-47W1 – Intercepted 76.51 g/t Au and 7.57 g/t Ag over 6.4 meters (m), including 312.60 g/t Au and 25.85 g/t Ag over 1.55 m Drill Hole # PE-26-894 – Intercepted 110.05 g/t Au and 7.20 g/t Ag over 2.15 m, including 233.96 g/t Au and 14.90 g/t Ag over 1.00 m Drill Hole# PE-21-371W1 – Intercepted 52.36 g/t Au and 8.90 g/t Ag over 0.5 m The exploration team will also be hard at work all year long in Quebec expanding and further updating their Resource Estimate; which currently hosts 2.3 million ounces of gold in all categories, with 1.615 million in Measured and Indicated, and 698,000 in Inferred. The largest portion of those resources come from the Champagne Zone, but with strong contributions from the Grey Cat, Gratien, Western Denise, and Team Zones, and all areas are still open for expansion. The Company plans to drill 100,000 meters, from both around the known deposit at Perron, as well as their newly acquired and staked lands in Ontario, Canada. On March 2nd, they announced having entered into an Exploration Agreement with the Apitipi Anicinapek Nation ("AAN") in respect of the Company's Perron West Project and Abbotsford and Hepburn Projects located in the province of Ontario (collectively, the "Ontario Projects"). There will be plenty of drill assay news coming out to the marketplace consistently throughout 2026 as the Project resources continue to grow.* If you have any questions for Victor regarding Amex Exploration, then please email them into me at [email protected], and we’ll get those addressed or covered in future interviews. In full disclosure, Shad is a shareholder of Amex Exploration at the time of this recording. Click here to follow the latest news from Amex Exploration For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Ep 3236Palamina - Colt Silver Spin Out Details, 2026 Work Programs On Peru Gold Assets
In this company update, we are joined by Andrew Thomson, President and CEO of Palamina Corp (TSX.V: PA | OTCQB: PLMNF). With a vast portfolio of high-grade assets in Peru, Palamina is currently undergoing a strategic spin-out of its silver-copper projects. Andrew provides a comprehensive look at the creation of Colt Silver, the upcoming drill programs at the flagship Usicayos gold project, and why the shifting jurisdictional climate in Peru is creating a "sea change" for resource explorers. Key Discussion Points: The Colt Silver Spin-Out: A detailed breakdown of the transaction involving seven silver-copper projects, including the share distribution ratio (1 Colt Silver share for every 3 Palamina shares held) and the $2.75 million financing currently underway. Galena Silver District Strategy: Why the company is prioritizing the Galena property, located in the same trend as the massive Berenguela deposit, with plans to be drill-ready by August. Usicayos Gold Project Update: Progress on the essential road construction and the timeline for drilling high-grade gold targets in late summer. Peru’s Jurisdictional Shift: Observations on the improving permit reliability and the migration of capital back to Peru as security and permitting challenges persist in neighboring Mexico. Portfolio Management: Plans for the remaining six gold assets within Palamina, including ongoing joint venture negotiations in the Puno Orogenic Gold Belt. If you have any follow up questions for Andrew please email me at [email protected]. Click here to visit the Palamina website to learn more about the Company. ------------------ For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Ep 3235Newcore Gold - Enchi Gold Project Update: High Grade Gold Drill Results, 45,000 Meter Drill Program To Be Upsized, PFS Coming Soon
In this company update, I sat down with Luke Alexander, President and CEO of Newcore Gold (TSX.V:NCAU - OTCQX:NCAUF), to discuss the milestones achieved at the Enchi Gold Project in Ghana. Following the recent injection of $10.3 million from warrant proceeds, Luke provides a deep dive into the company’s ongoing 45,000 meter program (soon to be increased), the discovery of high-grade feeder zones, and what investors can expect as the company advances toward a Pre-Feasibility Study (PFS) in mid-2026. Key Discussion Points: Exploration Progress and Expansion: The company has completed approximately two-thirds of its 45,000-meter drill program, with plans to expand further thanks to a strong cash position. High-Grade Deep Discovery: Recent results highlighted intercepts such as 147.5 g/t gold over 1 meter, signaling significant high-grade underground potential similar to neighboring world-class mines. Strategic Shift to CIL: Luke explains the move to a CIL processing flow sheet, which is expected to increase gold recoveries by 10–15% compared to previous heap-leach models. Upcoming Catalysts: The discussion covers the timeline for the updated Mineral Resource Estimate (MRE) and the much-anticipated release of the PFS slated for June 2026. If you have any follow up questions for Luke please email me at [email protected]. Click here to visit the Newcore Gold website. --------------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Ep 3234John Rubino – The Geopolitical Premium In Oil, Volatility In The Precious Metals Complex, and The Ongoing Commodities Super-Cycle
John Rubino, [Substack https://rubino.substack.com/ ], joins me for another wide-ranging and nuanced discussion around the geopolitical and macroeconomic catalysts and technical momentum factors that are leading to volatility in precious metals like silver, gold, and the related PM stocks; in addition to the oil price and energy stocks. We also review initiatives from industry and governments around the world to secure domestic supplies of critical minerals like copper, uranium, and rare earths. We start off reviewing the volatility and choppy precious metals markets, and how the PM stocks are not fully factoring in the higher metals prices into their current valuations, giving investors accumulating weakness in quality companies an edge. He contrasts the shorter-term weakness from distracted markets processing the overwhelming in the news cycle, against the longer-term positive ongoing tailwind catalysts for the precious metals; arising from central bank buying of gold, concerns about the growing national debt, and the desire to cut interest rates and run the economy hot to try and grow the US out of the economic challenges it faces, which will end up being even more inflationary. We review that many royalty companies,like Triple Flag PMs and OR Royalties, and PM producers, like Newmont, are actually not growing production year over year, but they are still being bailed out by the higher metals prices lifting their margins and cash flows even higher. While some market observers may get fixated on that, John points out that their growing piles of cash on the balance sheet will eventually be used for merger & acquisitions deals to source more ounces in the ground or production from smaller companies in the year to come. Next we pivot over to the extreme surge higher in oil prices due to the conflict in the Middle East, and what this means for mining company margins, a tax to consumers and businesses at the gas pump, and how it will tie into higher inflation for the governments and central banks to try and address with few good policy tool options. John also brings up how those fiscal and monetary policies will affect global currencies and interest rates; which should remain longer-term bullish factors for the precious metals. We discuss the unfolding broader commodities supercycle with copper and critical minerals deposits being of high interest to the US government and nations around the world ins sourcing supplies outside of China. The discussion is also taking place about the government setting pricing floors in many critical minerals to encourage development of domestic mineral deposits or with trading partners, getting around the artificially low prices set by China. We also discuss the large capex spends from tech and AI companies and how commodity intensive that physical buildout will be in combination with the energy needs. John stresses the importance of investors continuing to get educated on the specific uses and demand factors in some of the more niche’ critical minerals and energy metals. This knowledge will allow investors to better understand the individual companies they are investing in, and which ones may be of interest by the governments or larger producers for supporting the new development and processing of critical minerals. Click here to follow John’s analysis and articles over at Substack For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Ep 3233Weekend Show - Brian Leni & Dave Erfle - Smart Money Rotations: Navigating Gold, Silver, and Copper Post-PDAC
The 2026 PDAC convention in Toronto served as a wake-up call for the mining industry. While attendance reached record highs, the market's behavior has shifted from the broad "rising tide" of previous years to a much more selective, volatile environment. This week, we sit down with Brian Leni (Junior Stock Review) and Dave Erfle (Junior Miner Junky) to discuss why the "smart money" is moving away from lifestyle juniors and toward high-conviction developers in gold, silver, and copper. Segment 1 & 2 - I kick off the show with Brian Leni, the founder and editor of the Junior Stock Review and host of Field Notes on YouTube. Leni provides a recap of the PDAC conference in Toronto and analyzes current market volatility while sharing his specific investment strategies for high-quality developers and explorers in the gold, silver, and copper sectors. Click here to visit the Junior Stock Review website to keep up to date on what Brian is investing in - https://www.juniorstockreview.com/ Segment 3 & 4 - Dave Erfle, founder and editor of the Junior Miner Junky, wraps up the show sharing takeaways from the PDAC conference and the current investment landscape. Erfle highlights the extreme volatility in precious metals, emphasizing the importance of betting on successful management teams and high-quality projects as the market navigates geopolitical uncertainty and the potential for a "PDAC curse" correction. Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter - https://www.juniorminerjunky.com/ If you enjoy the show, be sure to subscribe to our podcast feed (KER Podcast), YouTube channel, and follow us on X for more market commentary and company interviews. Don’t forget to subscribe and leave us a review! For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.