The KE Report

Epizody

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  Magna Mining – Key Takeaways From The Levack Mine PEA and Board Approval To Restart Production 08.10.2026 18min

  Jason Jessup, CEO and Director of Magna Mining Inc. (TSX: NICU) (OTCQX: MGMNF) (FSE: 8YD), joins me to review the key takeaways from the Preliminary Economic Assessment (“PEA”) released after the market close on October 7th, for the restart of the fully-permitted Levack Mine, located in the North Range of the Sudbury Basin, northeastern Ontario, Canada.   We also discuss the potential for the dual-track development of 2 mines, because the Company plans to release the PFS on Crean Hill in the next few weeks.    Levack PEA Highlights: (All amounts are expressed in Canadian dollars)   Solid production profile and short time frame to commercial production: The Levack PEA contemplates underground mining of 5.75 million short tons with 7.3 years of commercial production and average annual payable copper equivalent (“CuEq”) production of 36.8 million pounds (“lbs”) at all-in sustaining costs (“AISC”) of US$3.71 per CuEq payable pound and commercial production anticipated in mid-2028.  Low initial capital and robust pre-commercial production operating cash flows: Initial capital costs from January 1, 2027 to the start of commercial production are estimated to be $70.1 million, after incorporating equipment financing timing effects. This initial capital is estimated to be offset by refundable tax credits of approximately $5.6 million and expected pre-commercial production operating cash flow of approximately $55.9 million using base case price assumptions1, leaving a calculated net initial funding requirement of $8.6 million.  Rapid payback and robust base case economics: Assuming base case commodity prices, the Levack PEA estimates payback in 0.6 years with a base case after-tax Internal Rate of Return (“IRR”) of 92.4% and an after-tax NPV7% of $227.0 million. Pre-tax cash flows in 2028 and 2029 are estimated to be approximately $96.5 million per year. Using September 2026 average commodity prices, the after-tax NPV7% increases to $313.6 million and the IRR improves to 115.8%, with average pre-tax cash flows of approximately $120.6 million per year in 2028 and 2029.  Positive potential impact from the recently announced Productivity Mega Deduction:  Incorporation of the Productivity Mega Deduction (“PMD”) could reduce the estimated federal taxes payable over the life of mine. The Levack PEA after-tax NPV7% improves by $5.1 million to $232.1 million and the IRR increases to 99.2%, by reducing total federal taxes paid by $1.6 million and accelerating the utilization of certain tax deductions.    Jason goes on to discuss the exploration upside at Levack to expand resources and future mine life well above what was released in this more conservative economic study. As a reminder, all of the recent high-grade copper, nickel, platinum, palladium, and gold results from the R-2 Zone are not included in the current resources or this PEA.  There are also a number of other areas that will be getting drilling, and initiative to make another discovery at Levack.   Next we pivoted over to the potential for the dual-track development of Crean Hill along with Levack, after the C$140 Million strategic investment by Alpayana, that just closed on August 31st.   The Company will be releasing a Pre-Feasibility Study (PFS) in October for Crean Hill, and the board will evaluate the final construction decision at that time.   Wrapping up, Jason paints the value proposition for how this Company could grow into a mid-tier polymetallic base metals and precious metals producer over the next handful of years, with other permitted projects like Podolsky and Shakespeare waiting in the project development pipeline.   Click here to follow along with the news at Magna Mining   If you have questions for Jason regarding Magna Mining, then please email me at [email protected].   In full disclosure, Shad is a shareholder of Magna Mining at the time of this recording, and may choose to buy or sell shares at any time.    For more market commentary & int
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  Joel Elconin - Deteriorating Market Breadth, Tech Concentration, and S&P 500 Technical Levels 08.10.2026 14min

  In this Daily Editorial, hosts Cory and Shad welcome Joel Elconin, Co-Host of the PreMarket Prep Show and Founder of the Stock Trader Network, to dissect an increasingly bifurcated market environment. While major indexes hover near record territory, underneath the surface, market participation tells a far more complicated story. The Market Breadth Divergence: Major cap-weighted indexes continue pushing near all-time highs, but broad market participation is thinning rapidly as capital funnels almost exclusively into mega-cap technology leaders. Real-Economy Warning Signs: Sharp downturns across critical logistics and transportation names point to potential headwinds for the broader economy that index-level gains may be masking. Cash Alternatives and Concentration Risks: With risk-free Treasury paper offering 5% yields, we examine why investors remain hesitant to step aside and whether widespread institutional crowding in Big Tech creates systemic exposure. AI Sentiment and Earnings Expectations: Rumored revenue adjustments in enterprise artificial intelligence are putting suppliers, data center plays, and software partners under the microscope ahead of a critical earnings season. S&P 500 Technical Benchmarks: A review of where the cash index stands relative to its 50-day moving average and what technical signals separate a standard market pullback from a meaningful trend reversal.   Stocks and Symbols Mentioned: S&P 500 Index (SPX / SPY), Berkshire Hathaway (BRK.A / BRK.B), iShares 20+ Year Treasury Bond ETF (TLT), iShares Russell 2000 ETF (IWM), J.B. Hunt Transport Services (JBHT), FedEx (FDX), United Parcel Service (UPS), Oracle (ORCL), Micron Technology (MU), Broadcom (AVGO), Delta Air Lines (DAL), and Alphabet (GOOGL).    Click here to visit Joel’s PreMarket Prep website - https://www.premarketprep.com/   Click here to visit the Stock Trader Network - https://www.stocktradernetwork.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.
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  Strikepoint Gold - Transformational Acquisition of the Multi-Million-Ounce Northumberland Project in Nevada 08.10.2026 13min

  In this Company Update, we sit down with Mike Allen, President and CEO of StrikePoint Gold Inc. (TSX-V: SKP, OTCQB: STKXF), to discuss the transformational acquisition of the Northumberland Project from Newmont Corporation in Nevada's Walker Lane trend. Supported by an upsized $190 million bought deal financing and a newly fortified treasury, Mike details how this transaction reshapes the company, the geologic merits behind the 4+ million ounce gold-equivalent resource, and what the market can anticipate as drilling commences this fall. Discussion highlights include: The Flagship Northumberland Acquisition: Background on acquiring this premier Walker Lane asset from Newmont, the historical exploration context, and how the multi-million-ounce resource provides a foundation for rapid corporate scaling. Upsized Financing and Balance Sheet Strength: The institutional appetite that pushed initial financing targets to an upsized $190 million bought deal, leaving approximately $90 million in cash to establish a clear two-year runway. Geologic Scale and World-Class Analogs: Insights into the Carlin-style stratigraphic system and why technical comparisons to multi-million-ounce deposits like Goldstrike’s Betze-Post highlight substantial expansion potential. Target Areas and Fall Drilling Plans: Utilizing five active drill permits to quickly test un-drilled near-pit gaps, open lateral extensions, down-dip continuity, and untested regional soil anomalies. Portfolio Strategy and Regional Synergy: How the company intends to maximize value from existing Walker Lane assets, Hercules and Cuprite, alongside potential long-term synergies near Kinross Gold’s Round Mountain operation.   Please email us with any follow up questions for Mike. Our email addresses are [email protected] and [email protected].    Click here to visit the Strikepoint Gold 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.
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  Prince Silver - Exploration Update at Prince Silver Project, Nevada: Two of the Widest Silver Intersections to Date, Over 11,000 Meters Drilled 08.10.2026 11min

  In this Company Update, we are joined by Derek Iwanaka, CEO of Prince Silver Corp. (CSE: PRNC | OTCQB: PRNCF | Frankfurt: T130). Derek provides an in-depth exploration update on the company's flagship Prince Silver Project in Nevada, following the completion of over 11,000 metres of drilling and the release of new assay results. Record-Width Silver Intersections: An overview of recently reported assays from holes PRC-59 and PRC-60, highlighting the widest polymetallic silver intersections encountered to date at shallow depths. Validating the Historical Mine Database: Insights into the ongoing twin-hole drilling program designed to verify past underground drilling and integrate legacy data into the geological model. Metallurgical Testing and By-Product Potential: How preliminary work around manganese extraction is shaping silver-equivalent calculations and overall resource quality. Nevada Permitting and Expanding Drill Metres: Why past surface disturbance allows the team to significantly expand drill meterage while staying within disturbance permit limits. Funding and Path to the Maiden Resource: What investors should anticipate heading into early next year regarding pending assays, resource modeling, and corporate milestones.   Please email us with any follow up questions for Derek - [email protected] & [email protected]    Click here to visit the Prince Silver website to learn more about the projects and team.    ----------------------- 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.
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  Kingsmen Resources – New Structure Encountered Which Intersected 218g/t AgEq over 6.5 Meters, Located 150 Meters West of High-Grade Hole LC-25-010 08.10.2026 12min

  Scott Emerson, President and CEO of Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) (FSE: TUY), joins me for another exploration update where on September 22nd additional assays were reported from drilling a new structure (#8) on the Company's Las Coloradas silver project in the Parral mining district of the Central Mexican Silver Belt, Chihuahua Mexico.   Highlights :   LC-26-020 returned 218 g/t AgEq (199 g/t silver and 0.53 g/t Au) over 6.45 metres, including 338 g/t AgEq (313 g/t silver) over 1.95 metres Confirms high-grade mineralization on a new structure (#8), 150 meters west of high-grade hole LC-25-010 Second hole drilled on the #8 structure, following LC-25-008 (200 g/t AgEq and 0.28 g/t Au over 10.5 meters, including 931 g/t AgEq and 1.28 g/t Au over 1.6 meters), confirming continuity of high-grade mineralization across structures   Scott shares the significance of encountering a 3rd structure, based on the cross-cutting structures, and it is receiving immediate ~50-meter step-outs on either side of hole LC-26-020.   We go on to discuss some of the key exploration targets drilled in this year’s program thus far at the Soledad main structure, which has the historic Las Colorada Mine Target, the DBD Target, and then further along trend the Aguilar Target.     We then panned back on other targets at Las Coloradas getting drilling along the Soledad 2 structure on targets like Leona, or further afield regional targets like Saddle, based on the various data sets from mapping, sampling, historic data, and surveys flown that their team has compiled in the prioritized targets for this season.   There have been about 5,000 meters drilled to date, out of the 10,000 meter program, with multi-rig drilling still underway all the way up to the Christmas holiday.  Then drilling will pick up again in late January and just keep going.   The company is well funded with ~$13million in the treasury, and there will be a stead stream of assays to report for months into the future, building out the different areas of mineralization from this larger system.       If you have any questions for Scott regarding Kingsmen Resources, then please email those in at [email protected]. Click here to follow the latest news from Kingsmen Resources     For more market commentary & interview summaries, subscribe to our Substack reports:   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.
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  Elemental Royalty Corp – Acquisition of 5 Streams and Royalties for US$290 Million, and Strategic Divestment Of The Generation Business 06.10.2026 29min

  Fred Bell, CEO and Director, of Elemental Royalty Corporation (NASDAQ: ELE) (TSX: ELE), joins me to review the acquisition of 5 streams and royalties for US$290 Million from Orion Mine Finance Management LP, and the strategic divestment of the Generation Business to Carlin East. We also discuss the long-life assets in their top 8-10 assets, as well as the organic growth profile in front of the company over the next few years.   Acquisition of Stream and Royalty Portfolio: Elemental has entered into definitive agreements to acquire a high-quality portfolio of precious metals assets consisting of five streams and royalties for total consideration of US$290 million, with US$200 million in cash and US$90 million in equity to Orion Mine Finance Management LP. The portfolio is expected to be immediately accretive to NAV per share, materially accretive to revenue per share, increases the Company's precious metals weighting and adds material exposure in North America. Strategic Divestment and Simplification: in conjunction with the portfolio acquisition, Elemental announces that it has entered into a non-binding agreement with Carlin East Inc., wherein Carlin East will acquire Elemental's Generation Business comprising wholly-owned exploration projects and will take on management and shared ownership of the Company's Option Agreements and selected early stage exploration royalties related to the Generation Business. As consideration for the transaction, Elemental will acquire a cornerstone equity stake in Carlin East, and CEO and Director, David M. Cole, has resigned to take up a leadership position at Carlin East.   Highlights Immediately accretive stream and royalty portfolio acquisition materially increases Elemental's revenue, scale and exposure to high-quality producing precious metals assets, further adding to the Company's growth profile Enhances portfolio quality and diversification, Ruby Hill and Kouroussa will rank in the top five and top ten assets respectively in Elemental's portfolio, and increase the Company's exposure to Tier 1 jurisdictions. Strategic Divestment of Generation Business allows Elemental to retain the existing portfolio of over 100 early-stage royalties accumulated over more than a decade and to participate as the largest shareholder in future royalty generation through ownership of Carlin East Reduction in Elemental G&A by over 25% with additional savings expected and streamlined company structure   Click to follow the latest news from Elemental Royalty Corp   To see a comprehensive list of all Elemental Royalty Corp assets: https://wp-elemental-royalty-2026.s3.eu-west-2.amazonaws.com/media/2026/06/ELE-Royalty-Asset-Handbook-2026.pdf     For more market commentary & interview summaries, subscribe to our Substack reports:   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.
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  Sierra Madre Gold and Silver – Ramp Up To 720tpd Throughput At The La Guitarra Mining Complex, Exploration Strategy Across La Guitarra and Del Toro Properties 06.10.2026 16min

  Alex Langer, President and CEO of Sierra Madre Gold And Silver (TSXV: SM) (OTCQX: SMDRF), joins us to review the ramp up in throughput in operations at the La Guitarra silver-gold mine complex in Mexico, which includes 3 producing mines:  La Guitarra, Coloso, and Nazareno.   We look ahead to the ongoing 2-phase plant expansion and upcoming increased 30,000 meters of drilling planned across the La Guitarra District slated to begin here in Q4.  Additionally, we discussed the path forward at the recently acquired Del Toro mining complex, and the increased drill program there to 30,000+ meters of drilling across that property package starting next year.   Throughput at the Guitarra processing plant has significantly increased following Phase 1 expansion modifications to the existing crushing and milling circuits. Daily production has reached up to a steady 720 tonnes per day ("tpd"). This represents more than a 40% increase versus the previous nameplate capacity of 500 tpd.   Further modifications to increase capacity are scheduled to be made following the commissioning of the new 11x12 ball mill, which is now installed. Sierra Madre has also accelerated underground development, and started the groundwork for the permitted dry stack tailings facility expansion.  This is a key component of the eventual Phase 2 plant expansion plan to increase throughput to 1,200 tpd to 1,500 tpd.   Development has been accelerated at all three of the mines within La Guitarra - Guitarra, Nazareno and Coloso - to provide feed to the expanded plant. Approximately 2.6 kilometers of development drives have been completed since June 2026. As haulage ramps are being driven both vertically and downward from the 180-access level, this ramp development is expected to allow for additional production areas to be developed. Since July 2026, over 800 meters of access and production drives have been completed.   For the balance of the discussion Alex outlined the aggressive 30,000+ meter exploration plan about to commence across the La Guitarra district land package. There will be a drilling focus on the East District, at past producing historic mining areas like Mina de Agua and El Rincon.   The company will also embark on a parallel 30,000+ meter program next summer across their Del Toro complex.  In June 2026, Sierra Madre closed the acquisition of the Del Toro silver mine, adding a past-producing, fully permitted asset of 3 mines and a 3,000 tpd plant to its Mexico-focused silver and gold portfolio.   Click here to follow the latest news from Sierra Madre Gold & Silver   If you have any questions for Alex regarding Sierra Madre Gold and Silver, then please email them to us at either [email protected] or [email protected].   In full disclosure, Shad is a shareholder of Sierra Madre Gold and Silver at the time of this recording, and may choose to buy or sell shares at any time.     For more market commentary & interview summaries, subscribe to our Substack reports:   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.
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  Capella Minerals - Exploration Updates In Finland & Spain: Hessjøgruva, Killero, Solana IOCG Projects 06.10.2026 12min

  In this Company Update, Eric Roth, President and CEO of Capella Minerals (TSX-V: CMIL / OTCQB: CMILF), joins me to provide a comprehensive exploration update across the company's portfolio of copper, gold, and critical mineral projects in Finland and Spain. Hessjøgruva Permitting and Tümad Earn-In: Drill permits are officially in hand for the high-grade copper-cobalt-zinc project in central Norway, paving the way for an upcoming partner-funded drill program of up to 8,000 meters aimed at delivering a maiden 43-101 mineral resource estimate.. Solana IOCG System in Spain: Progress on target generation and modified earn-in terms across a 200-square-kilometer land package hosting over 100 kilometers of cumulative high-grade vein strike length. Hunting for the Buried Tier-1 Engine: The geological rationale behind using ground gravity geophysics to pinpoint the large iron oxide copper-gold "mother source" driving mineralization. Reconnaissance Drilling at Killero West: Key structural and geochemical findings from initial core drilling in Finland and what the presence of narrow high-grade copper veins means for tracing surface gold anomalies.   If you have any follow up questions for Eric please email me at [email protected].    Click here to visit the Capella Minerals 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.
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  Erik Wetterling – Beaver Creek Takeaways, And The Valuation Disconnect In Junior Resource Stocks After The Recent Sector Correction 06.10.2026 27min

  Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins me to review his key takeaways from the Precious Metals Summit in Beaver Creek.  The conversation then moves into how he is evaluating opportunities in lieu of the recent correction in gold, silver, and copper juniors.  We also review a site visit that he just came back from with a copper explorer operating in British Columbia.   We start off discussing the mining conference dynamics as attendees, but then dial into what Erik was looking for in the meetings he took.  This touches upon reflections on investor sentiment, the deluge of sector newsflow, company valuations, and portfolio management.     He points out that often times the news released by junior companies over the last few weeks was actually positive, and further derisked or advanced their projects, and yet only got a muted response with the bearish sector backdrop during the month of September.  This macro backdrop pressuring a sector-wide correction was there at the same time as many company key press releases hit; which had retail investors making an erroneous correlation that given news was not positive.    This is one of the setups and sector disconnects that Erik looks forward to exploiting in his own portfolio.  He is looking for improving value propositions in exploration stocks, that have put out compelling news in the recent past, which sets up future news releases, and thus they have key alpha growth catalysts on tap in the medium-term.   We wrapped up getting Erik’s reflections from a recent site visit he just returned from with the team at Red Canyon Resources Ltd. (CSE: REDC | OTCQB: REDRF | Frankfurt: I91) in British Columbia, Canada.  The Company’s core goal is to make impactful copper discoveries and has a portfolio of 100%-owned copper and copper-gold porphyry exploration projects.   The 100%-owned Kendal copper project in west-central British Columbia is a priority project for the Company. The 2026 exploration program including an independent vectoring study and expanded geochemical surveys have been completed.  A 3DIP geophysical survey is currently in progress.   Recent work on Company’s 100%-owned Osiris project in central British Columbia has outlined new high-priority areas at Nautilus and EV (see news releases September 14, 2026, and August 14, 2026). Fall exploration work is ongoing including, planned initial diamond drilling at the EV and Nautilus targets.     Click here to follow Erik’s analysis over at The Hedgeless Horseman website     For more market commentary & interview summaries, subscribe to our Substack reports:   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.
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  Kingfisher Metals – First Assay Result From The 2026 Drill Program Returns Broad High-Grade Intercept Of Gold-Copper-Silver-Zinc From The Hank Target 05.10.2026 15min

  Dustin Perry, Founder and CEO of Kingfisher Metals Corp. (TSXV:KFR) (OTCQX:KGFMF) (FSE:9700), joins us to review the first assay result back from the lab from their fully-funded 15,000 metre drill program in 2026.  There will be many more assays coming back from the lab over the months ahead from their multi-pronged approach to various copper-gold targets across the Hank-Mary district of the Hwy 37 Project, in the Golden Triangle, British Columbia.    On September 21st, the Company reported that drill hole # HW-26-015 contained visible gold and the assay returned 8.8 m of 20.33 g/t Au, 937.6 g/t Ag, 2.98% Cu, 11.08% Zn and 0.99% Pb (38.50 g/t AuEq) from 462.0 m, within a broader zone of 27 m grading 13.61 g/t AuEq (7.33 g/t Au, 322.0 g/t Ag, 1.01% Cu, 4.05% Zn, 0.54% Pb) from 461.0 m to 488.0 m. HW-26-015 was designed to test the Hank porphyry Cu-Au target, first identified in drill hole HW-25-011, and intersected a high-grade polymetallic vein containing visible gold on the shoulder of porphyry-style mineralization.   This assay result is the first received this season and covers a single 27 m interval within HW-26-015. Standard multi-element assay results for the remainder of the hole are pending. To date this season, 13 diamond drill holes have been completed, and 4 are in progress, for a total of approximately 9,500 m across the Hank-Mary District.   Highlights from this release include:   Sub-intercept of 8.8 m of 38.50 g/t AuEq Visible gold observed within a high-grade polymetallic (Au-Ag-Cu-Zn-Pb) vein Hydrothermal alteration, veins, and base metal mineralization continue below the reported intercept before transitioning into porphyry alteration and mineralization Visually strongest mineralization at the Hank Porphyry observed to date in HW-26-019 4th diamond drill was added to the HWY 37 Project Over 9,500 m drilled in 17 holes, including 4 holes in progress   If you have questions for Dustin regarding Kingfisher Metals, then please email those to us at [email protected] or [email protected].     Click here to follow the latest news from Kingfisher Metals     For more market commentary & interview summaries, subscribe to our Substack reports:   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.
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  Santacruz Silver - Acquisition Of 500 TPD Mill To Unlock Production Growth At San Lucas, Freeing Up Milling Capacity At Their 3 Other Bolivian Mines 05.10.2026 17min

  Arturo Préstamo Elizondo, Executive Chairman and CEO of Santacruz Silver Mining Ltd. (TSX: SCZ) (NASDAQ: SCZM) (FSE: 1SZ), joins me to review the acquisition of a 500 tpd mill dedicated to their San Lucas ore-sourcing business; which will then free up milling capacity at their 3 other mining complexes in Bolivia. In addition, we discuss the growth on tap at their Zimapan Mine in Mexico, the near-term production that should begin by year-end at their Soracaya Project, and the potential for future project acquisitions.   On September 18th, the Company announced the acquisition of a 500-tonne-per-day ("tpd") milling facility located in Bolivia, comprising two 250-tonne-per-day processing circuits, each equipped with selective flotation systems for the recovery of lead and zinc with high-grade silver contents. The newly acquired facility will be solely dedicated to processing ore sourced through the Company's wholly-owned Bolivian subsidiary, San Lucas, providing additional milling capacity to support continued expansion of its third-party ore-sourcing business.   By transitioning materials from San Lucas to the acquired facility, Santacruz will free up capacity at its existing three mine processing facilities at Bolivar, Porco, and Caballo Blanco, allowing the Company to advance its mine development plans and increase production from its own operations in Bolivia without internally competing for available processing capacity.   This milling facility is expected to be commissioned during the fourth quarter of 2026 and to reach commercial production by year-end 2026. The total investment in the milling facility is expected to be approximately US$14 million, inclusive of acquisition, commissioning and all costs required to bring the facility to commercial production.   Next we shifted over to the combination of exploration success at the Level 960 and the improved efficiencies at the Zimapan Mine in Mexico.  Operations will be stepping up over the next few quarters from processing higher grade material at better costs.   Additionally, the operations team is advancing their silver-dominant Soracaya mine, where there is already a decline ramp into this project with initial stope access in 2 areas. The company has been working on the optimization plan and getting equipment lined up to start mining.  Once the permit is received in the near-term, then the plan is to get the mine into initial ramp-up production by December of 2026. Full production will begin in 2027 with the potential to add another 2-3 million ounces of mostly silver contribution to the company’s production profile.   Wrapping up, we discussed their guidance this year for just over 10 million ounces of silver equivalent production, and the delta in their lower valuation compared to other mid-tier silver producing peers.  Arturo highlights their clean balance sheet, lack of royalites or stream hindering financials, and the potential for future accretive acquisitions in the Americas; in addition to the growth initiatives at all their current mines that could be catalysts for a rerating higher.     If you have any follow up questions for Arturo regarding Santacruz Silver, then please email those to me at [email protected].   In full disclosure, Shad is a shareholder of Santacruz Silver 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 Santacruz Silver     For more market commentary & interview summaries, subscribe to our Substack reports:   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 lice
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  Weekend Show - Brien Lundin & Dan Steffens - Gold & Oil Stocks: Spin Out, Near Term Producers, Growth Companies, Juniors 03.10.2026 54min

  A stark divide is opening up between real-world commodity supply constraints and short-term paper market sentiment. In this comprehensive Weekend Show, Brien Lundin (Editor of Gold Newsletter) breaks down the institutional momentum emerging from the Beaver Creek Precious Metals Conference, explaining why gold’s underlying drivers represent the strongest setup since the 1970s despite bond yield volatility. Then, Dan Steffens (President of the Energy Prospectus Group) uncovers the severe disruptions rattling the crude and fuels supply chain, from Middle Eastern pipeline strikes and European refinery deficits to a looming North American natural gas squeeze. Both Brien and Dan share a number of companies you should have your eye on.  Segment 1 & 2 - Kicking off the show, Brien Lundin, editor of the Gold Newsletter and host of the New Orleans Investment Conference, recaps the Beaver Creek Precious Metals Conference and characterizes the sector as being in a strong, fundamentally driven bull market. He analyzes the relationship between rising bond yields and market volatility, examines corporate trends such as spinouts, strategic investments, and toll milling, and highlights several promising junior mining stocks.  Click here to learn more about the New Orleans Investment Conference on October 28-31. - https://neworleansconference.com/korelin/       Segment 3 & 4 - Dan Steffens, President of the Energy Prospectus Group, analyzes the fundamental drivers shaping current energy markets, examining how geopolitical conflict, pipeline disruptions, and refinery bottlenecks impact crude oil, refined fuels, and natural gas supplies. He also addresses the disconnect between commodity prices and equity valuations, highlighting key investment and growth opportunities across large-cap producers, oilfield services, and undervalued small-cap stocks.  Click here to visit the Energy Prospectus Group website for more energy market and stock analysis - http://www.energyprospectus.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.  
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  Marc Chandler - Rates & The US Dollar: Shifting Fed Rate Expectations, USD Breakout 02.10.2026 18min

  In this Daily Editorial, Cory and Shad sit down with Marc Chandler, Chief Market Strategist at Bannockburn Capital Markets and Editor of the Marc to Market website, to examine the latest shifts across global bond markets, central bank policy expectations, and foreign exchange movements. Fed Rate Expectations: How recent commentary from Federal Reserve officials and shifting economic data have altered market probabilities for upcoming interest rate decisions. Labor Market Dynamics: Why recent employment figures and significant downward revisions highlight a cooling job environment despite low weekly jobless claims. Global Yield Divergences: Key comparisons between US Treasury movements and international bond yields, with a focus on fiscal and political pressures in Europe. US Dollar Resiliency: What is driving the continued breakout in the greenback and how interest rate differentials impact major currency pairs. Macro Drivers vs. Election Noise: Why core economic fundamentals like inflation and growth will matter far more to financial markets than upcoming political headlines.   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.
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  Syntholene Energy - Developing Low-Cost Synthetic Jet Fuel, Commercial Scale-Up, and the Path to Market 02.10.2026 19min

  In this Company Introduction, I welcome Dan Sutton, CEO of Syntholene Energy (TSX-V: ESAF, OTC: SYNTF), for an overview of the company's proprietary technology, ongoing operations, and commercial path to market within the synthetic fuel sector. A Rapidly Expanding Sector: An overview of why synthetic fuels are positioned to grow from roughly $15 billion today to more than $400 billion by 2035, and why synthetic hydrocarbons represent a massive structural shift away from traditional fossil extraction. Targeting the Aviation Sector First: Why kerosene and jet fuel serve as the company’s highest-margin beachhead market, and why aviation is uniquely suited for drop-in synthetic solutions compared to other transportation sectors. Cracking the Hydrogen Cost Barrier: How the company's proprietary thermal hybrid production process combines abundant geothermal heat and power to tackle the primary cost driver of synthetic fuels. Operational Success in Iceland: Key takeaways from the rapid construction of the demonstration facility, initial hydrogen production metrics, and the ongoing independent technical review with Imperial College London. Regulatory Tailwinds and Commercial Mandates: What the upcoming 2030 airline consumption quotas in Europe and the UK mean for fuel suppliers, off-takers, and future project economics. Scale-Up Blueprint and Project Economics: An outline of the modular commercial footprint, traditional project-level debt financing structures, and targeted 65%+ EBITDA margins. Near-Term Catalysts on the Horizon: What investors should monitor next, including third-party validation results, feedstock power purchase agreements, and binding commercial offtake negotiations.   Please email me with any insight you have on the synthetic fuel market or questions for Dan.    Click here to visit the Syntholene Energy website to learn more about the company. - https://syntholene.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.
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  Sean Brodrick – Beaver Creek PM Summit Takeaways and Opportunities In Gold, Silver, and Copper Stocks 01.10.2026 17min

  Sean Brodrick, Editor of Wealth Megatrends, Supercycle Investor, Resource Trader, and contributing analyst to Weiss Ratings Daily, joins us for a wide-ranging discussion where he shares his key takeaways from the Beaver Creek Precious Metals Summit, as well as opportunities he sees in gold, silver, and copper stocks.   We start off getting insights into how Sean approached interviewing the companies he met with, the primary trends he noted with the producers and developers, and also some red flags he looks for to help filter through all the companies. This ties into his broader portfolio management strategies.   Sean is still mostly animated by revenue-generating gold, silver, and copper producers, but still sat down with developers with a line of sight towards near-term production.   We kick it off reviewing how higher oil and diesel prices may effect input costs in many producers much less than some analysts would anticipate. He shares how he views low-cost producers versus high-cost producers that may have a plan to expand or improve efficiencies to bring costs down. We delve into companies that have had relative strength versus remaining relative laggards, what the market is telling us about these stocks or if they are just underfollowed, and if that could presents any opportunities. He discusses the wide margins of the miners, and his views on different capital deployment and return to shareholder options that companies have in this strong metals price environment.  We contrast companies that want to grow organically versus those that may be inclined to use their strong balance sheets to make acquisitions. Sean talked about the unique point in time where some juniors actually want to move forward into production on their own, and that some companies actually don’t want to be taken over until they have the chance to further unlock their value proposition. We review the risks associated with different company strategies, and tie it back to the management team’s experience and ability to execute.     Click here to follow along with Sean’s work at Weiss Ratings Daily and Wealth Megatrends . Click here to learn more about Resource Trader       For more market commentary & interview summaries, subscribe to our Substack reports:   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.
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  Dana Lyons - Broad Commodity Trends, Gold & Silver Downside Levels, and Historic S&P Divergence 01.10.2026 23min

  On this Daily Editorial, I am joined by Dana Lyons, Fund Manager and Editor of The Lyons Share Pro. Dana shares the latest readings from his proprietary quantitative and technical models, breaking down where capital is rotating across commodities, precious metals, US equities, and international markets. Key Discussion Points: Broad Commodity Bull Market: Why the broader commodity complex appears poised for another major leg higher in the multi-year cycle, which sectors are leading, and how pullbacks present buying opportunities. Copper Strength and Key Levels: A look at the resilience of the copper market, how higher lows continue to support technical momentum, and what kind of consolidation would offer a prime setup to add exposure. Precious Metals Targets: An analysis of the technical levels in gold and silver, why Dana's models triggered near-term hedging, and the specific downside retracement zones to watch before the next sustained rally. Historic Divergence in US Equities: The concerning signals flashing beneath the surface of the S&P 500, including historic underperformance in equal-weight indices compared to large-cap benchmarks. October Seasonality and Election Volatility: How midterm election cycle dynamics and seasonal patterns typically drive October price swings, and how to position ahead of potential year-end strength. International Equities Losing Relative Strength: Technical breakdowns appearing across European and developed global averages, and whether international equities can decouple from broader US weakness.   Click here to visit the Lyons Share Pro website and learn more about Dana’s investment services - https://lyonssharepro.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.
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  Goliath Resources – 2026 Exploration Program Successfully Completes 48,443 Meters Of Drilling in 97 Drill Holes in 94 Days, With A 100% Hit Rate 01.10.2026 13min

  Roger Rosmus, Founder, CEO, & Director of Goliath Resources Ltd (TSX-V: GOT) (OTCQX: GOTRF) (FSE: B4IF), joins me for another exploration update at their Surebet Discovery on the Golddigger Property; located in the Golden Triangle of British Columbia.  We review that 48,443 meters were drilled, in 97 holes, utilizing 7 drill rigs, turning 24 hours a day, for 94 days.   The 2026 drill program at the Surebet discovery has exceeded expectations with multiple successful large step-out drill holes, maintaining 100% hit rate, and with abundant occurrences of Visible Gold to the Naked Eye (VG-NE). 83 holes drilled in 2026 are still pending for assays that should provide a steady stream of news flow into the new year.   The focus of this year’s drill program was on expansion and pushing the limits of the geological model.  The process has proved successful with a number of high-grade gold drill assays already returned when doing substantial 100-meter to 700-meter step-out drilling into the Bonanza and Golden Gate Zones.   Additionally, a new zone of mineralization likely amenable to bulk-tonnage mining methods, has also been identified between those 2 larger zones, dubbed accordingly the “Big Bulk Zone.” Over 200,000 meters have been drilled to date at the high-grade Surebet gold discovery, and 412 holes out of 483 (85%) contain VG-NE that clearly demonstrates the continuity and predictability of this expansive gold-rich system that remains wide open.  There will be a steady stream of assays being reported in the months to come that continue to infill and expand the deposit at the Surebet discovery.   Click here to follow the latest news from Goliath Resources     If you have any questions for Roger about Goliath Resources, then please email them to me at [email protected].   In full disclosure, Shad is a shareholder of Goliath Resources at the time of this recording and may choose to buy or sell shares at any time.     For more market commentary & interview summaries, subscribe to our Substack reports:   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.      
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  Joel Elconin - Can the 'Buy the Dip' Mentality Survive Rising Yields and Sector Breakdown? 01.10.2026 17min

  Today we are joined by Joel Elconin, co-host of the PreMarket Prep Show and founder of the Stock Trader Network, to unpack the stark divergence unfolding across broad market indices and key industry sectors. While headline indices remain buoyant, underlying price action reveals aggressive rotation and significant dispersion under the hood. Key discussion topics: The Dichotomy in Market Breadth: The headline S&P 500 has spent two months moving sideways, but equal-weight indices like the RSP have steadily deteriorated for six weeks. We look at whether this persistent crowding into mega-cap tech represents genuine safety or underlying market fragility. Bond Yield Shifts and the Intraday Tech Rebound: A fresh multi-year low and subsequent green reversal in the 20+ year Treasury bond coincided with an explosive intraday recovery across semiconductor names. We explore what fixed-income volatility is signaling for risk assets. AI Demand vs. Stretched Valuations: Micron delivered strong guidance and staged an impressive reversal off session lows, reigniting momentum in enterprise AI hardware leaders. We discuss whether exponential earnings growth can continue to justify elevated multiples. Macro Data and Midterm Election Jitters: With labor numbers ahead and political uncertainty looming, market participants continue to look past economic headlines. We examine why technical price action and dip-buying behavior are overpowering macro ambiguity. Sector Deterioration in Rate-Sensitive Names: From mortgage rate pressure slamming homebuilders to tightening margins dragging down financial institutions, rate sensitivity is exacting a heavy toll. We assess the risks emerging across housing, healthcare, and lagging energy equities.   Stocks and ETFs mentioned: SPY, RSP, TLT, MU, NVDA, MSFT, AMZN, AVGO, AAPL, ACN, XHB, XLE, USO, XLV, XLF   Click here to visit Joel’s PreMarket Prep website - https://www.premarketprep.com/   Click here to visit the Stock Trader Network - https://www.stocktradernetwork.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.
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  Nick Hodge – Beaver Creek Recap, Key Newsflow In Portfolio Stocks, and Outlook On Gold, Silver, Copper 30.09.2026 23min

  Nick Hodge, Co-Owner of Digest Publishing and editor of Foundational Profits and Underground Alpha, joins me for our monthly longer-format discussion on macroeconomic factors moving the markets, his key takeaways from the Precious Metals Summit in Beaver Creek, CO; and his portfolio management strategies in select gold, silver, and copper stocks.   We start off reviewing the themes and companies that had his attention at last week’s PM Summit in Beaver Creek. Nick addresses the encouraging sentiment and companies focused on execution of their key workstreams, versus worrying about whether we are in a bull market. There has been a steady flow of sector news the last few weeks and Nick highlighted some recent news from Empress Royalty Corp. (TSXV:EMPR)(OTCQX:EMPYF), Au Gold Corp (TSXV:AUGC), Southern Cross Gold Consolidated Ltd (TSX: SXGC) (ASX: SX2) (OTCQX: SXGCF), and Banyan Gold Corp. (TSXV:BYN) (OTCQB: BYAGF) that stood out to him leading into and during the conference. We discussed the rising number of spinouts and new spin-cos being created or contemplated, and Nick highlighted: Riverside Resources Inc. (TSX-V: RRI) (OTCQB: RVSDF), getting ready to spin out Ravena with their Mexican assets, after successfully spinning out both Capitan Silver Corp. (TSXV: CAPT) (OTCQX: CAPTF) and Blue Jay Gold Corp. (TSXV: JAY) (OTCQB: JAYGF) Latin Metals Inc. (TSXV: LMS) (OTCQB: LMSQF) and Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF) are both considering spinouts of assets which are not getting much value in their portfolios at present. Aldebaran Resources Inc. (TSX-V: ALDE, OTCQX: ADBRF) just successfully spun out Centauri Minerals Inc. (TSXV: CENT). Next we pivoted to the continued strength in copper throughout this year. Nick pointed out that after substantial inflows of copper into the US to get in front of potential tariff news from the Trump administration, that the decision not to put a tariff on the red metal, in lieu of higher diesel and inflation readings, did not cause a collapse in copper like it did last summer. He highlighted Ero Copper Corp. (TSX: ERO, NYSE: ERO) as a name he is still holding, and flagged Koryx Copper Inc. (TSX-V: KRY) as one of the best meetings he had in Beaver Creek and that he strongly considering a position in it.   Wrapping up we comingled thoughts on gold, silver, and the macroeconomics at play: He remains encouraged that we’ll see gold hold above $4,000 and would like to see the yellow metal stay above $4,175. He sees more potential weakness in Silver and wouldn’t be surprised to see it pull back down to retest $55 again, before moving back higher again. Nick quickly summarized the macro movers citing trends in the US Dollar, inflation, oil and diesel, geopolitics, and rising short-term interest rates at the short-end of the yield curve due to Fed policy contrasted against flattening rates at the long-end of the curve.       For more market commentary & interview summaries, subscribe to our Substack reports:   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.  
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  KER QuickTake - Beaver Creek Takeaways, Technical Breakdown Across Gold, Silver, Copper & Energy 30.09.2026 33min

  Another KER Market QuickTake, this time with live charts! Cory and Shad dive into the disconnect between packed conferences (MIF and the Precious Metals Summit in Beaver Creek) and sluggish market action, dissecting where valuations sit today and what the charts reveal across key commodity sectors. Beaver Creek Sentiment vs. Market Reality: A look inside the atmosphere and record participation at the summit versus current price action, illustrating why an abundance of corporate stories demands disciplined selectivity. Valuation Disconnects and the SpinCo Trend: Why legacy projects with established ounces appear overlooked while new spin-outs gain traction, and how backfilling market caps with fresh results is separating real value from promotional noise. Gold and Gold Equities Testing Key Moving Averages: A review of technical retracements, critical support bands, and the diverging performance between major miners and higher-risk juniors. Silver and Junior Silver Miners Under Pressure: An evaluation of essential support thresholds, declining trading volume, and the indicators that could signal a potential near-term reversal. Copper Strength vs. Lagging Producer Stocks: How copper futures continue to show technical resilience while underlying copper equities struggle to match the metal's pace. Critical Minerals and Uranium Chart Setups: A breakdown of rare earths slipping beneath long-term moving averages, alongside uranium's quieter news cycle and evolving contrarian setup. Energy Equities Navigating Geopolitical Headwinds: Why upstream oil and gas producers have pulled back despite ongoing Middle East tensions, and what the technicals signal for cash-flow-focused investors. M&A Outlook and Flight to Quality: How corporate balance sheets and fall deal-making dynamics could rotate capital back into standout developers and producers.   Summary of Stock & ETF Symbols Mentioned: GDX, GDXJ, SIL, SILJ, CPER, COPX, COPJ, REMX, URNM, XLE, XOP   Please let us know your thoughts in the comments or through email! Our email addresses are [email protected] and [email protected]     ---------------- 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.