The KE Report

Two veteran newsletter editors map out where the next big moves, and best entry points, could emerge across metals and energy in 2026.

Gold and silver may be digesting a sharp correction, but both guests argue the bigger bull-market backdrop is intact, setting up a very “stock-picker” tape in mining. Meanwhile, energy remains out of favor, yet Josef Schachter lays out a tightening supply/demand case (and a clear playbook for scaling in before the next macro-driven run).

Segment 1 & 2 - Brien Lundin, editor of the Gold Newsletter and host of the New Orleans Investment Conference, shares his insights on the current state of the precious metals market. He discusses the potential for continued sideways trading in gold and silver before the next rally, while highlighting opportunities in exploration and development-stage companies like K2 Gold, Aris Minerals, and Banyan Gold. Brien also emphasizes the importance of individual company stories and the excitement of potential new discoveries across various global jurisdictions.

Click here to learn more about the Gold Newsletter. - https://goldnewsletter.com/

 

Segment 3 & 4 - Josef Schachter, founder and editor of the Schachter Energy Report and author of the Eye on Energy report, discusses the macroeconomic drivers and company-specific trends within the oil and natural gas sectors. He reviews the 2026 World Outlook Conference, providing insights into OPEC+ production constraints, the impacts of global depletion rates, and the emerging energy demands driven by the "AI revolution". Schachter also highlights specific investment opportunities in companies such as InPlay Oil and Birchcliff Energy while outlining his expectations for a multi-decade commodity supercycle.

Click here to learn more about The Schachter Energy Report - https://schachterenergyreport.ca/

 

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.

Nick Hodge, Co-Owner of Digest Publishing and editor of Foundational Profits and Underground Alpha, joins me for our monthly longer-format discussion on different macroeconomic factors, continuing to fuel the commodities supercycle in silver, gold, copper, uranium, and opportunities in their related resource stocks.

 

We start off discussing the extreme volatility seen in the price charts for silver, gold, platinum, copper and other metals since our last conversation in early January.  We reviewed that prices climaxed into the uber-bullish sentiment witnessed at the Vancouver Resource Investment Conference in late January; right before correcting down hard in the days and week that followed. 

 

After several more weeks of choppy price action, things are settling out; but Nick reiterates that investors should be embracing this volatility.  He points out that we are still in a structural bull market in the precious metals for a number of macroeconomic factors from interest rates, currencies, sovereign debt, ongoing central bank buying, the rise of BRICS nations, and even crypto stablecoin companies like Tether buying huge amounts of gold to back their Tether Gold (XAUt) product.

 

Tether is also directly investing into royalty companies like Elemental Royalty Corporation (TSXV: ELE) (NASDAQ: ELE), Gold Royalty Corp (NYSE American: GROY), and Versamet Royalties Corporation (TSX: VMET). Nick flagged that Streamex Corp. (NASDAQ: STEX), a leader in institutional-grade tokenization and real-world asset infrastructure, recently announced that it has acquired a 9.9% equity interest in Empress Royalty Corp. (TSXV:EMPR) (OTCQX:EMPYF).  We also discussed some of the larger transactions lately executed by the larger senior royalty companies like Wheaton Precious Metals (TSX: WPM) (NYSE: WPM), Franco-Nevada Corporation (TSX: FNV)(NYSE: FNV), and Triple Flag Precious Metals (TSX: TFPM, NYSE: TFPM).

 

While there have been quite a few new entrants into the royalty space over the last couple years, Nick believes that the demand is there for more royalty vehicles, and that it isn’t overcrowded yet, and we’ll likely keep seeing more new companies launched as this sector continues to expand.    He pointed out the some of the quality prospect generator companies, like Headwater Gold Inc. (CSE: HWG) (OTCQX: HWAUF) and Almadex Minerals Ltd. (TSX-V: DEX), have also accumulated royalties within their asset portfolios that provide future optionality to sell or spin out into new companies.

 

Next, we shifted over to the merger and acquisition transactions in the precious metals and critical minerals space, noting some of the unique M&A news of late, and outlining why the overall volume of deal flow is less than many expected considering the need to replace minded reserves, and the compelling value propositions of the development projects.   Nick outlines that this lack of takeovers of quality projects, while developers remain undervalued at current metals prices gives investors a unique opportunity to capitalize on these market inefficiencies.  He revisits prior comments made about Kutcho Copper Corp. (TSXV: KC) (OTCQX: KCCFF) , and how since then the stock has gone up over a 100% after restating their economics in light of the underlying metals environment.

 

Wrapping up we shift over to the strong fundamental factors for nuclear power and compelling supply/demand imbalances for more uranium.  He discusses the permitting milestone achieved with Denison Mines Corp. (TSX: DML) (NYSE American: DNN), the imminent spin-out of Verdera Energy from enCore Energy Corp. (NASDAQ: EU) (TSXV: EU), and that North Shore Uranium Ltd. (TSX-V:NSU) and Skyharbour Resources Ltd. (TSX.V: SYH) (OTCQX: SYHBF) are 2 earlier-stage uranium explorers he’s been adding to in his portfolio.

 

Click here to follow Nick’s analysis and publications over at Digest Publishing

 

 

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 this company update, we sit down with Joaquín Marías, President and CEO of Argenta Silver Corp. (TSX.V:AGAG | OTCQB:AGAGF | FRA:T1K), to discuss the significant acceleration of exploration activities at the El Quevar Project in Salta Province, Argentina. Joaquín provides a deep dive into the company’s upsized 25,000-meter drill program, the technical milestones ahead for 2026, and the recent discovery of a new gold-copper system.

Key Discussion Points:

Expanded 25,000m Drill Program: Originally planned at 15,000 meters, the program has been significantly upsized to 25,000 meters through April 2026, with a total goal of 45,000 meters by the end of 2026.

New Exploration Frontiers: The company has more than doubled its exploration area from 25 square kilometers to 60 square kilometers, incorporating extensive geophysics, surface work, and environmental baseline studies.

Gold-Copper Discovery at Carmen: Results from the January 21st release highlighted a significant new discovery 400–500 meters from the main resource, featuring 44 meters of gold and copper mineralization, suggesting a distinct and rich mineral system.

Path to Economics: Argenta is initiating advanced metallurgical test work and technical studies to build upon the existing 50-million-ounce pure silver resource, moving the project closer to a formal Mineral Resource Update and Preliminary Economic Assessment (PEA).

Strong Financial Position: Following a successful $23 million bought deal financing in January, Argenta is fully funded with over $40 million CAD to execute its aggressive 2026 exploration and development mandates.

 

Please send me any follow up questions you have for Joaquin. My email address is  [email protected].

Click here to visit the Argenta website to learn more about the company

 

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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, and all financial assets 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 daily editorial, we are joined by Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of the Marc to Market website. Marc provides a comprehensive analysis of a whirlwind week in the financial markets, headlined by a landmark legal shift in U.S. trade policy and a surprising cooling of the American economy.

Key Discussion Points:

Supreme Court Ruling on Tariffs: Analysis of the 6-3 vote overturning President Trump’s use of emergency powers for reciprocal and fentanyl-related tariffs.

Fiscal and Inflationary Impact: How the potential $170 billion in tariff refunds creates credit-negative pressure on U.S. interest rates and downward pressure on consumer prices.

Q4 GDP Miss: Examining the 1.4% growth rate, well below the 3% forecast, and how the government shutdown distorted final sales and inventory data.

Federal Reserve Outlook: Navigating the "fragmented" FOMC minutes and the market's pricing of 55 basis points in cuts by late 2026.

Currency and Dollar Strength: Why the U.S. Dollar remains resilient in a "prolonged correction" despite weak economic data and geopolitical noise.

 

Click here to visit Marc’s site - Marc To Market - https://www.marctomarket.com/

 

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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 episode, we are joined by Ralph Shearing, CEO of Goldgroup Mining (TSX.V: GGA | OTC:GGAZF), for an in-depth discussion on the transformative business combination with Gold Resource Corp (NYSE-A: GORO). This merger is set to reposition the company as a diversified, multi-asset gold and silver producer with a significant footprint across Mexico and a high-potential development project in the United States.

Key Discussion Points:

Strategic Merger Overview: Ralph explains how joining forces with Gold Resource Corp transforms both entities from single-asset risk profiles into a diversified, multi-mine producer with sights set on mid-tier status.

Production and Asset Roadmap: A deep dive into the 2026 production targets, including the restart of the San Francisco Mine and the expansion of the Don David Mine in Oaxaca.

The Back Forty Project: An update on the advanced-stage VMS deposit in Michigan, detailing the 4-5 year timeline to production following upcoming feasibility studies and permitting.

Leadership and Strategy: Insight into the new executive team and the group’s aggressive strategy for further M&A in Mexico.

 

Please email any questions you have for the team at Goldgroup - [email protected] & [email protected]. 

Click here to visit the Goldgroup Mining website - https://goldgroupmining.com/ 

 

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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.