The KE Report

In today’s Daily Editorial, we are joined by Marc Chandler, Chief Market Strategist at Bannockburn Capital Markets and Editor of the Marc to Market website. We dive into the key macro forces shaping global markets, including rising Treasury yields, rising US Dollar, energy price volatility, and central bank expectations ahead of upcoming central bank meetings. Mark breaks down the broader implications for currency trends and international capital flows.

Key Discussion Points:

Surging Treasury Yields: A look into the sharp rise in the US 10-year yield and how global bond markets are reacting to shifting duration risks.

US Dollar Momentum: An analysis of the greenback’s continued strength, driven by rate differentials and foreign equity inflows.

Oil Price Escalation: How the recent spike in crude contracts is reshaping inflation expectations and putting pressure on short-term rates.

Federal Reserve Outlook: Insights into market-implied probabilities for upcoming Fed meetings and the central bank's delicate balancing act.

 

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.

Robert Vallis, President, CEO, and Director of Tiger Gold Corp. (TSXV: TIGR) (OTCQB: TGRGF) (FSE: D150), joins me for an exploration update on the assay results returned for three drillholes from its Ceibal target at its Quinchía Gold Project in Colombia’s prolific Mid-Cauca gold belt.   We review how results like this at Ceibal will be expanding the known 2 million ounces of gold resources, in all categories, already delineated from the Miraflores and Tesorito deposit areas. Additionally we discuss the blue-sky upside in a number of other regional targets across their district-scale land package.

 

Drilling at Ceibal has outlined a northwest to north-northwest trending mineralized corridor with an apparent strike length of at least 300 metres and an apparent width of approximately 375 metres. Mineralization has been traced to approximately 800 metres vertically below surface and remains open at depth. The geometry, true thickness, extent, and continuity of mineralization have not been defined at this early stage of exploration, and the corridor remains open to the northwest, southeast, and southwest.

 

Highlights:

CEDDH-011 intersected 685.35 m @ 0.6 g/t Au from surface and ended in mineralization
including 7 m @ 1.0 g/t Au from 7 m downhole

including 8 m @ 1.1 g/t Au from 42 m downhole

including 12 m @ 1.5 g/t Au from 66 m downhole

including 20 m @ 1.2 g/t Au from 86 m downhole

including 16 m @ 1.2 g/t Au from 438 m downhole

including 6 m @ 1.8 g/t Au from 660 m downhole

CEDDH-012 intersected 568.4 m @ 0.6 g/t Au from 309.5 m downhole, extending mineralization to approximately 800 m below surface
including 5 m @ 1.0 g/t Au from 485 m downhole

including 16.75 m @ 1.0 g/t Au from 784 m downhole

including 12 m @ 1.2 g/t Au from 845 m downhole

including 12 m @ 1.2 g/t Au from 864 m downhole

CEDDH-013 intersected 536 m @ 0.4 g/t Au from surface
including 6 m @ 1.2 g/t Au from 6 m downhole

including 6 m @ 1.2 g/t Au from 90 m downhole

including 10 m @ 1.2 g/t Au from 102 m downhole

including 6 m @ 1.1 g/t Au from 118m downhole

 

Drillholes CEDDH-014 and CEDDH-016 were collared approximately 165 metres and 220 metres northwest of CEDDH-013, along the interpreted apparent trend of the corridor, and were designed to test the northwesterly extent of the mineralized corridor beyond the area drilled to date. Drillhole CEDDH-015 was collared approximately 210 metres southeast of CEDDH-003 and was designed to test the southeasterly extent of the apparent mineralized corridor. Assays for all three holes are pending and will be reported in a subsequent news release. 

 

 

Robert then highlights its broader 20,000-metre drill program with three diamond drill rigs, including one rig doing infill drilling at Tesorito and two rigs at Ceibal will support the continued definition and expansion of the project into an updated Mineral Resource Estimate in Q1 of 2027, which will then update the 2025 Preliminary Economic Assessment (PEA) with enhanced economics.

 

Wrapping up we touch up the even further bluesky exploration potential at depth under Tesorito and Ceibal, and the near-surface drill targets their team has been refining at the nearby Chuscal gold-copper target, and the untested corridor along the faults up into the Northeastern regional targets. There is also the 500,000 ounces of historic gold resources at Dos Quebradas to the Northwest.

 

 

 

If you have any follow up questions for Robert regarding Tiger Gold then please email those to me at  Shad@kereport.com.

 

 

Click here to follow the latest news at Tiger Gold Corp

 

 

For more market commentary & interview summaries, subscribe to our Substacks:

 

The KE Report: https://kereport.substack.com/

Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

 

 

Investment disclaimer:

This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In today’s Daily Editorial, we chat with Dana Lyons, Fund Manager and Editor of Lyons Share Pro, to dissect the shifting dynamics across global financial markets. As traditional tech leaders lose momentum, the conversation centers on internal market health, rotational trends, and technical setups driving major asset classes.

Key discussion points include:

Equity Market Rotation and Breadth: An analysis of shifting momentum within US equity broad averages, exploring how underlying breadth is supporting indices like the S&P 500 and Russell 2000 despite weakness in mega-cap technology.

Growth vs. Value Dynamics: A look at key index comparisons, such as RSP, IWM, IWD, and VTV, evaluating whether current market trends signal a temporary consolidation or a longer-term structural transition from growth into value sectors.

Bond Yields and the US Dollar: Technical insights into fixed income pressure, including the 10-year Treasury yield and TLT, along with the recent safe-haven bid and strength in the US Dollar Index (DXY).

Precious Metals Consolidation: A detailed chart review of gold (GLD) and silver (SLV), outlining key technical levels to watch after months of sideways action following early-year highs.

Commodity Trends in Energy and Copper: An overview of copper, copper miners (COPX), oil, and energy equities (XLE, XOI, OIH), highlighting technical divergences and long-term setup opportunities across critical minerals (REMX, LIT).

 

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.

In this Company Update on The KE Report, Garrett Ainsworth, President and CEO of District Metals (TSX.V:DMX - OTCQX:DMXCF - Nasdaq First North: DMXSE SDB) joins me to unpack the results of the recently published Economic Impact Study (EIS) for the Viken Energy Metals Deposit in Sweden. Garrett outlines how the conceptual 13-year Phase 1 mine operation presents substantial economic, social, and strategic benefits for local communities, regional governments, and the Swedish state.

Key discussion points include:

Understanding Economic Impact Studies: Learn why conducting a third-party economic assessment is vital for quantifying local and state benefits beyond standard technical mine metrics.

Breakdown of Financial & Social Benefits: Discover how the projected US$7.66 billion headline economic contribution translates into corporate taxes, regional employment opportunities, and direct payouts to landowners.

Sweden's Mining Infrastructure & Labor: Gain insight into Sweden's deep mining heritage, skilled labor availability, and how local community connection impacts long-term operations.

Exploration Strategy & Near-Term Drilling: Hear about upcoming diamond drilling plans, high-priority geophysical targets, and the exploration timeline across the broader alum shale property portfolio.

 

If you have any follow up questions for Garrett please email me at Fleck@kereport.com.

 

Click here to visit the District Metals website to learn more about the Company - https://www.districtmetals.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.

John Rubino, {Substack https://rubino.substack.com/}, joins us for another wide-ranging discussion around the strong financial health of the gold and silver producers and royalty companies as we head into Q2 earnings season later this week.   We also discuss his outlook on the potential for more mergers and acquisitions, what stage of developer he is animated by, his outlook on royalty stocks, and the copper sector.

 

While Q2 earnings are not going to be as big as the record underlying metals prices seen in Q1,  John believes the gold and silver producers will still report very solid revenues, because the average metals prices were the 2nd highest of any other quarter in history. 

The caveat is that with the overall sector trend having been lower for the last 6 months in the underlying gold and silver prices, that this is what ultimately affects investor sentiment and stock price direction. The metals price direction is seemingly more germane than strong fundamentals, earnings, or value creation.

We debate whether the valuations in PM producers, which are now down closer to where they were back in Q3 and Q4 2025 are at a mismatch, considering the margins were still much larger in Q2 than those quarters. Many PM producers crashed down 40%-60% during the exact same time that they still generated near-record revenues and cashflows on their balance sheets.

We discuss where all that cash piling up has been going over the last few quarters as a return of capital to shareholders in share buybacks, new or increasing dividends, and why we aren’t seeing even more merger and acquisition transactions in this kind of environment.

 

John then distinguishes between the boring versus the opportune time to accumulate quality PM developers, to maximize the 2nd leg of the Lassonde Curve. 

There is a typical lull in quality exploration stocks once they put out a resource estimate and put early-stage PEA economics on a project. Early-stage developers then face years of permitting, metallurgical and engineering studies, definition drilling, and the boring “orphan phase” of the Lassonde Curve; when speculators lose interest and rotate out to go chase other short-term catalysts.

John likes to focus on companies once they already have a compelling Feasibility Study in place and are closer to the construction decision, increasing their likelihood to become a takeover target by a larger company.

In general, John is more skeptical of explorers that become developers having the skillsets to build mines on their own, but he stresses that it really comes down to analyzing the management teams for their past track records, and the capabilities of their board and team.

Some select smaller to mid-tier producers, that bought divested mines from the majors, can also use those cashflows from operations at these higher metals prices to fuel and fund the progress on key flagship development projects.

 

 

Next, we point out how the royalty companies, that don’t have cost creep due to rising energy expenses or large labor costs, have still been chopped down by 30%-40% along with the rest of the PM sector; which makes little sense from a valuation standpoint.

John feels this is a prime example of an inefficient market where the fall in share prices and market caps creates a growing value proposition.

He’ll be using low-ball bids and weakness in the royalty stocks to keep accumulating.

His outlook is that we will continue to see a number of potential M&A deals in the royalty stocks, and this gives him comfort to go down the food chain into the mid-tier and smaller stocks, as they likely will be acquired by large companies with a better valuation multiple in the fullness of time.

 

Wrapping up we review the continued strength in the copper price, holding up near all-time highs, and why he remains longer-term bullish due to supply/demand fundamentals.

The caveat John mentions is that if there is a softening in AI data center buildouts, or if the Chinese AI platforms compete with domestic AI platforms, or if we see the lofty valuations in US equities roll over hard, in the near to medium-term, then this could also pressure copper and copper stocks to the downside.

 

Click here to follow John’s analysis and articles over at Substack

 

 

For more market commentary & interview summaries, subscribe to our Substacks:

 

The KE Report: https://kereport.substack.com/

Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

 

 

Investment disclaimer:

This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.