The KE Report

Episoder

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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.
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  BP Silver – First Assays From Phase 2 Drilling Return The Best Results To Date 29.09.2026 18min

  Tim Shearcroft, CEO and Co-Founder of BP Silver Corp. (TSX.V: BPAG) (OTCQB: BPSCF), joins us to review the first 2 assay results from the ongoing Phase 2 drill program underway at the Cosuño Silver Project in Bolivia. This Phase 2 drilling forms the first part of a broader ~8,000 m diamond drilling campaign anticipated for 2026.   HIGHLIGHTS Hole CO-0013 intersected a high-grade feeder structure grading 314.3 g/t silver, 2.62% bismuth and 0.74% antimony over 3.0 m, equivalent to 1,328.8 g/t AgEq, within a broader 7.0 m interval grading 168.8 g/t silver, 1.20% bismuth and 0.35% antimony, equivalent to 634.1 g/t AgEq. The high-grade silver-bismuth-antimony mineralization associated with the silver system, demonstrates the potential for multiple critical and strategic metal by-products at Cosuño. To date, 20 drill holes have now been completed, and additional assay results will be released as they become available.   Within a lithocap system, feeder structures can represent important conduits for mineralizing hydrothermal fluids and may connect to broader vein systems at depth. Importantly, elevated bismuth and antimony were also identified in Phase 1 drilling at Cosuño, including in holes CO-0008 and CO-0009. The increasing silver grades observed down-hole in these holes and in the Pocañita Chica area are particularly encouraging and may potentially indicate that higher-grade mineralization continues down dip and at greater depth. Testing this possibility will be an important focus of the ongoing exploration program in Phase 2 and Phase 3.   The Company also reported that the high-resolution drone magnetic ("MAG") survey has been completed, covering approximately 37.5 km², and the induced polarization ("IP") survey has commenced. The geophysical surveys are designed to assist in identifying and refining additional mineralized structures and drill targets across the large silver-rich hydrothermal system. Together with the Phase 1 and Phase 2 drilling, these additional datasets are expected to improve significantly the Company’s understanding of the geometry, continuity, scale, and tenor of the vein and breccia systems across Cosuño.   Once this new data gets incorporated into the geological model, then it will lead into prioritizing the targets for the Phase 3 drill program later this year. Tim also highlighted that Pocañita Grande will be getting its maiden drilling during the Phase 3 program, now that they have been developing roads and site access to this important target.     Click here to follow the latest news from BP Silver Corp     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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  Dave Erfle - Gold & Gold Stocks: Beaver Creek Recap, Metals Technicals, Recent M&A 29.09.2026 18min

  In this Daily Editorial, we are joined by Dave Erfle, founder and editor of The Junior Miner Junky, for a comprehensive recap of the Precious Metals Summit at Beaver Creek, an analysis of accelerating sector M&A, and a technical evaluation of the ongoing pullback across gold, silver, and mining equities. Key discussion points include: Beaver Creek Conference Sentiment: A breakdown of the record-breaking turnout, why executive mindsets have shifted from needing capital to building projects independently, and how the mood differs from past cycles. Junior Portfolio Strategy and Filtering Criteria: How Dave navigates a cashed-up exploration sector, trims developer holdings advancing into production, and screens for high-margin, district-scale potential. Dissecting Recent M&A Deals: Key takeaways on recent transactions, including Artemis Gold's takeover of Vista Gold, asset acquisitions by Luca Mining, Elemental Royalty's major portfolio expansion, and stalled consolidation talks. Why the M&A Cycle Is Accelerating: An examination of senior producer balance sheets, cash reserves, and the mathematical necessity driving mid-tier and major mining companies to replace depleted ounces in the ground. Macro Pressure and Technical Price Levels: An overview of how rising bond yields, energy spikes, and upcoming inflation data are influencing precious metals, alongside crucial support gaps to watch on the GDX and GDXJ.   Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter - https://www.juniorminerjunky.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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  Jeff Christian - Gold Price Drivers: Politics vs Economic Data vs Rates 29.09.2026 33min

  In this Daily Editorial, Jeff Christian, Managing Partner at CPM Group, joins us to examine the intricate macro crosscurrents steering gold and silver. Rather than viewing precious metals in isolation, the discussion breaks down how bond market volatility, fiscal deficits, and growing political dysfunction are impacting global asset valuations. Drivers of the Precious Metals Pullback: An overview of what triggered the recent drop across gold, silver, and broad commodities, contrasting knee-jerk algorithmic reactions to rising bond yields with longer-term fundamental positioning. Interest Rates as a Sign of Economic Weakness: Why climbing long-term Treasury yields reflect unsustainable borrowing, massive deficit spending, and credit degradation rather than robust economic expansion. Erosion of Faith in Policymakers: An analysis of how mounting political friction, upcoming US election disputes, and energy disruptions are fracturing public confidence in institutional stability worldwide. Global Reserve Trends vs. BRICS Narratives: A reality check on how central banks are actually allocating foreign exchange reserves, separating legitimate diversification away from the dollar and euro from recurring rumors of a gold-backed BRICS currency. Silver Realities and Industrial Speculation: How silver is performing as both a financial hedge and an industrial metal, along with a skeptical assessment of claims regarding surging demand from artificial intelligence and data centers. Technical Levels and Year-End Outlook: Key price ranges to watch following the late-summer consolidation, and why political and macroeconomic stress could spark renewed momentum for gold into the coming year.   Click here to visit the CPM Group website to learn more about the firm - https://cpmgroup.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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  TF Metals - Gold & Silver Support Levels, Fed Policy, and Sector Sentiment 28.09.2026 22min

  In today's Daily Editorial, we welcome Craig Hemke, Founder and Editor of TF Metals Report, for an in-depth discussion on current conditions across the precious metals and broader financial markets. Following a massive rebound throughout August, gold and silver have experienced a month-long pullback. Craig shares his perspective on current price action, key technical support levels, and the macro forces driving market sentiment. Precious Metal Price Action: Gold and silver have given back a portion of their August gains as traders evaluate support levels amidst shifting market conditions. Interest Rate Dynamics: Rapidly rising yields on long-term Treasury bonds and persistent dollar strength continue to present immediate headwinds for physical metals. Key Economic Data Watch: Critical economic releases scheduled this week, including employment figures, manufacturing indices, and Fed-favored inflation metrics, all are set to influence upcoming central bank decisions. Relative Equity Resilience: Precious metal mining equities and key sector ETFs have demonstrated relative strength compared to underlying bullion prices. Macro and Political Catalysts: Broad market resilience, potential central bank policy adjustments, and upcoming political events could shape the trajectory for tangible assets throughout the rest of this year.   Click here to visit Craig’s website - TF Metals Report - https://www.tfmetalsreport.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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  Banyan Gold - High-Grade Drill Results From Powerline, $58Mil Financing, Franco Nevada $20Mil Investment, GDXJ Inclusion 28.09.2026 12min

  In this Company Update, host Cory Fleck welcomes Tara Christie, President and CEO of Banyan Gold Corp. (TSX-V: BYN, OTCQB: BYAGF). Tara recaps recent news reporting a total financing of $58million, including an investment from Franco Nevada, high-grade drill results, and the inclusion into the GDXJ.  Key discussion topics include: Franco-Nevada Investment and $58M Growth Financing: How Franco-Nevada’s $20 million strategic subscription materialized and how the treasury now funds operations through 2028. 2027 Aggressive Expansion with an 8-Drill Program: An overview of the planned 100,000-meter AurMac and 20,000-to-30,000-meter Nitra drill programs in 2027. Expanding High-Grade Zones at Powerline: An overview of the recent step-out drilling intersecting mineralization outside the current resource model, and how these ounces influence future pit sequencing. Maiden PEA Strategy and Timing: The rationale behind funding the company prior to releasing the fourth-quarter Preliminary Economic Assessment, and clarification on which drill datasets will anchor the study. Unlocking the High-Grade Gap Zone: Why ground conditions require a winter-drilling approach for this structurally controlled corridor, and the potential impact of mineralizing this ground on overall strip ratios. Assay Turnaround and Near-Term News Flow: What investors should expect regarding laboratory timelines, winter operational planning, and the steady pipeline of drill results leading into next 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.
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  TG Watkins - Technical Outlook on Gold, Copper's AI Tailwinds, and Small-Cap Headwinds 28.09.2026 23min

  On today's Daily Editorial, we welcome back TG Watkins, Director of Stocks at Simpler Trading and Editor of The Profit Pilot. With broader markets navigating seasonal volatility, geopolitical headlines, and interest rate uncertainty, TG walks through the technical landscape across precious metals, commodities, equities, and the digital asset space. Key Discussion Highlights: Precious Metals Pullback: Why GLD and GDX dipping below key daily moving averages could signal further sideways consolidation rather than an immediate buy setup. Copper's AI Demand Driver: How power generation, robotics, and datacenter infrastructure continue to support resilient price action in copper. Agricultural Commodity Trends: Early bottoming signals and uptrends beginning to form across key agricultural markets. The K-Shaped Equity Market: The stark divergence between mega-cap tech index drivers and the underlying weakness across equal-weight indices. Collapsing Market Breadth: What the plunge in stocks trading above their moving averages reveals about current seasonal weakness and potential bounce territory. Interest Rates and Small-Cap Pressures: Why the Russell 2000 faces persistent headwinds while capital seeks refuge in mega-cap cash flows. Crypto Rebound and Regulatory Catalysts: Bitcoin's recovery, the impact of recent SEC developments, and how to differentiate pure-play miners from AI power plays. Tactical Risk Management: Essential adjustments swing traders should make to position sizing and stop placement during choppy market regimes. Stocks and ETFs Mentioned: GLD, GDX, CPER, SPX, QQQ, SMH, IWM, RSP, NVDA, MSTR, MARA, GLXY, IREN, HUT, CLSK, CIFR, RIOT, WULF.   Click here to visit TG’s site - Profit Pilot - https://www.profit-pilot.com/   Click here to visit the Profit Pilot YouTube page - https://www.youtube.com/@Profit-Pilot  -------------------- 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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  Heliostar - Inside the Ana Paula Feasibility Study: Mill Scalability, Cost Optimization, and Permitting Milestones 24.09.2026 11min

  In this Company Update, we are joined by Charles Funk, President and CEO of Heliostar Metals (TSX-V: HSTR, OTCQX: HSTXF, FRA: RGG1), to discuss the ongoing progress on the Ana Paula Project Feasibility Study in Mexico. Charles outlines how the team is transitioning the preliminary economic assessment into a formal construction blueprint targeting 100,000 ounces of gold per year. Key Discussion Points: Feasibility Study Progress and Baseline Economics: How Heliostar is advancing from its PEA and what upcoming quarterly updates will communicate about development milestones. Resource Conversion and High-Grade Expansion: An update on the 25,000 meters of conversion drilling supporting reserve definition, alongside high-grade extension drilling indicating mine-life upside beyond the initial study. Throughput Optimization and Scalability: Why the company is evaluating an initial daily mill rate expansion to 2,000 tonnes per day and building built-in optionality to scale up to 2,500 tonnes per day mid-mine life. Engineering Trade-Offs and Cost Reductions: Strategic underground layout modifications.. Permitting Advantages and Underground Redesign: How modifying the historical open-pit permit to an underground operation and sets the stage for a mid-2027 construction decision. Project Financing and Corporate Growth Pipeline: The funding strategy to build Ana Paula using operational cash flow and project debt while concurrently advancing other assets.   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.
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  West Red Lake Gold Mines – Q2 Financial Results, H2 Development and Production Ramp Up, Exploration Update, Big Picture Vision 24.09.2026 22min

  Shane Williams, President and CEO Of West Red Lake Gold Mines (TSX.V:WRLG – OTCQB:WRLGF), joins me to review the key metrics from Q2 production and financials which demonstrated substantially higher mined ounces and gold produced, higher revenues, and lower costs at their flagship Madsen Gold Project, in the Red Lake district of Ontario, Canada.   We also look ahead to development and exploration work on tap for H2, and the bigger picture vision for future growth.   Q2 2026 Highlights   Gold production increased 51% to 8,576 ounces, compared with 5,667 ounces in Q1. Gold sales increased 34% to 8,260 ounces, compared with 6,165 ounces in Q1. Revenue increased 17% to $49.0 million, generating $20.1 million of income from mine operations, a 31% increase from Q1. Adjusted net earnings increased 98% to $12.6 million, compared with $6.4 million in Q1.  Adjusted EBITDA increased 54% to $22.1 million, compared with $14.4 million in Q1. Cash costs decreased 23% to US$2,000 per ounce sold, compared with US$2,594 per ounce in Q1. All-in sustaining cost (“AISC”)  decreased 30% to US$3,284”  per ounce sold, compared with US$4,678 per ounce in Q1, bringing Q2 AISC within the Company’s 2026 guidance range of US$2,800 to US$3,600 per ounce. The Company generated $9.7 million of positive free cash flow during Q2. The Company ended Q2 with approximately $31.2 million in cash and cash equivalents.     Shane reviewed that the development-focused strategy implemented during the first half of 2026 is now translating into measurable operating improvements as mine sequencing advanced to unlock multiple stoping fronts and operational flexibility continued to improve.  Additionally, all the exploration success had at the 4447 Zone is now factoring into mining and production here in H2, and he points to all the recent success at the 904 Zone having a similar trajectory with first mining anticipated in H2 of 2027.   Next we discussed the higher All-In Sustaining Costs (AISC) in Q4 and Q1 and how the ongoing ramp-up in production will steadily lower the costs over the next few quarters.  Shane highlighted that in the second half of this year that the shaft will be rehabilitated and begin hoisting ore, and this will further drive down costs over the next few quarters. The steady nameplate run-of-mine production and costs will likely be achieved in 2027 and beyond.  We also discussed that the higher oil and diesel prices were not a major cost input and have very muted effect on their underground mining operations where the site mostly runs on cheap hydroelectric power.   We then discussed the next phase of growth which will see satellite deposits like Fork, Starratt-Olsen, and eventually Rowan augment the production at Lower Austin and Austin South at Madsen.   The Company will be putting out a Pre-Feasibility Study in September wrapping updated economics around Madsen and factoring in how future production from Rowan would increase production growth and take the company to the next level of producer.   Wrapping up we discussed the many areas of focus for exploration and resource expansion, including greenfield surface targets, past producing brownfield areas like Starratt-Olsen and Mt Jamie, and underground targets as the company continues to dewater areas of Madsen that haven’t been touched by modern exploration or mining; with last mining occurring back in the 1960s and 1970s.   Click here to follow the latest news from West Red Lake Gold   If you have any follow up questions for Shane or the team over at West Red Lake Gold please email me at  [email protected].   In full disclosure, Shad is a shareholder of West Red Lake Gold Mines at the time of this recording and may chose 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 d
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  Getty Copper - High-Grade Intercepts at Getty South, Accelerated Drilling, and a $15M Financing 23.09.2026 17min

  In this Company Update, I sit down with Ryan O’Regan, Chief Executive Officer, and Roy Greig, Vice President of Exploration, of Getty Copper Inc. (TSX-V: GTC | OTCQX: GTCDF). The discussion centers on the company’s recent high-grade drill results from the Getty South target within British Columbia’s prolific Highland Valley copper district, alongside a significantly oversubscribed $15 million financing that dramatically alters the scope of the upcoming fall drill program. Key discussion topics include: High-Grade Intercepts at Getty South: An exploration of the latest batch of drill results, featuring standout intervals including 46 meters of 1.47% copper within 150 meters of 0.71% copper, and how these grades compare to earlier phases. Geological Footprint and Lateral Expansion: Geological observations regarding vertical extent down to 300 meters below surface, strike continuity, and where the mineralization remains open for immediate follow-up. Oversubscribed $15 Million Financing: The breakdown of the charity flow-through and equity components, the level of incoming institutional interest, and how this capital eliminates historical exploration constraints. Mobilizing Two Rigs for Fall Drilling: Why management is accelerating its operational timeline to bring two drills to Getty South right away, effectively upsizing the planned meterage for the upcoming winter campaign. Regional Pipeline Targets and 2027 Goals: Next steps for property-wide exploration across the broader Highland Valley land package, the timeline for remaining spring assays, and the roadmap leading to an updated Mineral Resource Estimate.   Feel free to email us with any follow up questions for the team at Getty Copper. My email address is [email protected].   Click here to visit the Getty Copper website - https://gettycopper.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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  OceanaGold - Production & Growth Outlook: Advancing High-Margin Gold Production, Strategic M&A, and Balance Sheet Strength 23.09.2026 20min

  In this Company Update, we sit down with Brian Martin, Senior Vice President of Business Development and Investor Relations at OceanaGold (TSX: OGC - NYSE:OGC), to review the company’s operating performance, financial strength, and expanding multi-asset production profile. Brian breaks down how the company is driving organic growth, integrating strategic acquisitions, and executing a disciplined capital allocation strategy that returns substantial value to shareholders. Key discussion topics include: Operational Performance and Production Outlook: An overview of year-to-date delivery across core assets, expectations for a stronger production profile in the second half of the year, and key factors driving margin resilience. Free Cash Flow Generation and Balance Sheet Strength: A review of recent cash flow metrics, consensus expectations for the full year, and how a debt-free treasury supports ongoing capital flexibility. Disciplined Capital Allocation Strategy: How management balances sustaining site investments and organic mine development with aggressive capital returns via dividends and share buybacks. Unlocking Organic Pipeline Growth: Progress updates on key life-of-mine extensions and underground development projects, including Macraes Phase 4 and the high-grade Waihi North project. Strategic Expansion via the Ausgold Acquisition: The rationale behind adding the Katanning Gold Project in Western Australia, including the expected development timeline and how it paves the pathway toward 650,000 ounces per year. Valuation and Relative Market Opportunity: A look at how current cash generation, low-risk project sequencing, and jurisdictional safety position the company relative to intermediate gold producer peers.   Click here to visit the OceanaGold website and learn more about all the operations - https://oceanagold.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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  Sitka Gold - High-Grade Gold Results At Blackjack, Saddle & Eiger, RC Gold Project, Yukon 22.09.2026 13min

  In this Company Update, I sit down with Mike Burke, Director and Vice President of Corporate Development at Sitka Gold Corp. (TSX-V: SIG, OTCQB: SITKF, FSE: 1RF), to review the latest round of diamond drill results from the RC Gold Project in the Yukon. We discuss the significance of deep intercepts beneath the Blackjack deposit, the expansion of near-surface gold at the Saddle Zone, and the geological evidence indicating that Blackjack and Eiger may connect into a unified deposit. Deep High-Grade Hits at Blackjack: A breakdown of headline hole 133, which intersected broad intervals of high-grade gold at depth, and what these results indicate for potential underground continuity beneath the current pit shell. Near-Surface Expansion at Saddle: How step-out drilling across 550 meters of strike is turning previously modeled waste rock into gold-bearing inventory within the conceptual pit outline. Connecting the Blackjack and Eiger Deposits: An examination of the intrusive dykes and structural corridors suggesting these two zones may merge into a single, continuous mineralized system. Impact on the Mineral Resource Estimate: Insights into how ongoing drilling, grade profiles, and low cutoff thresholds could influence the upcoming resource update. Exploration Progress Across the District: What investors should anticipate next from the ongoing 60,000-meter program as seven drill rigs continue turning across Blackjack, Rhosgobel, Pukelman, and Bearpaw Breccia.   If you have any follow up questions for the team at Sitka Gold please email me at [email protected].    Click here visit the Sitka Gold website to learn more about the Company - https://sitkagoldcorp.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.