The KE Report

In this daily editorial, we are joined by Joel Elconin, co-host of the Pre-Market Prep show and founder of the Stock Trader Network. As earnings season continues to put a spotlight on heavy capital expenditures in the tech sector, Joel breaks down the noticeable shift in market sentiment and what it means for the broader indices.

The conversation explores the growing tension between AI-driven growth and high valuations, contrasting the recent tech sell-off with the steady performance of value-oriented sectors. Joel shares his seasoned perspective on why diversification and cash-flow-positive companies are becoming the primary focus for institutional investors in the current environment.

Key Discussion Points:

The AI Spending Pivot: Why the market is no longer rewarding massive CapEx on AI, even when companies like Google (GOOGL) report strong revenue growth.

Software Sector Vulnerability: A look at how AI tools are allowing users to rewrite code, potentially wounding traditional software models and forcing a "sea change" in tech.

The Return to Value: Why "companies that sell things" like Kroger (KR) and Walmart (WMT) are gaining favor as investors seek safety in cash flow and dividends.

Risk Management & The "YOLO" Trade: A deep dive into the reversal of fortune for retail favorites like Bitcoin, Robinhood (HOOD), and Coinbase (COIN), and why cost-basis perspective is critical.

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/

 

Summary of Stocks & Symbols Mentioned: Google (GOOGL), Microsoft (MSFT), Walmart (WMT), Kroger (KR), Bitcoin (BTC), Robinhood (HOOD), Coinbase (COIN), Palantir (PLTR), MicroStrategy (MSTR).

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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 company update, we sit down with Rob Bergmann, CEO of Relevant Gold (TSX.V:RGC - OTCQB:RGCCF), to discuss the company’s systematic transition from "proof of concept" to aggressive discovery drilling this year. Relevant Gold is a North American gold explorer focused on the district-scale potential of the Bradley Peak and Southern Pass camps in Wyoming. 

Key Discussion Points:

Bradley Peak and the Apex Target: Rob recaps the 2025, 5,102-meter drill program at Apex, which confirmed a large-scale orogenic system extending to depth. The discussion highlights the identification of a parallel mineralized structure that significantly expands the project's scale.

Southern Pass and the Lewiston Project: A review of high-grade surface results at Lewiston, where recent work extended the primary Burr trend by 2.5 km. Rob explains how geophysical data and rock chip samples - grading up to 25.4 g/t gold, 2,203 g/t silver, and 12.7% copper - are guiding the upcoming drill holes.

The 20,000-Meter 2026 Strategy: An inside look at the plan for the upcoming season, aiming for a minimum of 20,000 meters of drilling. 

 

Click here to visit the Relevant Gold website to learn more about the company. - https://relevantgoldcorp.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.

Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review the value proposition that caught his attention from post conference meetings and based on recent news from 1 gold developer/explorer and 1 earlier-stage gold exploration company; both going after drill targets on large potential Tier-1 deposits that would be of interest to senior producers if discoveries are made.

 

 >> The companies we discussed in the interview are:

 

Goldsky Resources Corp (TSXV: GSKR) (FNSE: GSKR SDB) (OTCQX: GSKRF) (FRA: HEG0)

On January 28th, 2026 the Company announced that it entered into a definitive agreement with Agnico Eagle Sweden AB, a wholly-owned subsidiary of Agnico Eagle Mines Limited, pursuant to which Goldsky has agreed to acquire the remaining 55% interest in the Barsele Gold Project in Sweden from Agnico, resulting in Goldsky consolidating 100% ownership of Barsele.

On February 3rd, 2026 the Company announced commencement of the 2026 winter drilling season at its 100% owned Rajapalot property in Northern Finland. Four diamond drill-rigs have been mobilized to site over the past weeks and have begun a 10,000 meter drilling program.

 

Kirkland Lake Discoveries Corp. (TSXV: KLDC) (OTCID: KLKLF) 

On January 22nd, 2026 the Company announced an update on its ongoing, fully funded 25,000-m diamond drilling program at its KL West Property in the Kirkland Lake region of Ontario. Recent drilling and associated geochemical results have confirmed altered syenite intrusions as a primary control on gold mineralization at the Wolverine Bend target. These results validate the Company's exploration model and significantly expand the interpreted scale and style of intrusion-related gold mineralization along the Winnie Lake Stock ("WLS") contact corridor.

ON December 18th, 2026 the Company announced that it has entered into a definitive agreement with Orecap Invest Corp. providing for the acquisition of the Mirado Gold Project, a 2,500-hectare property hosting an inferred historical resource of 10.6 Mt at 1.29 g/t for ~442,000 oz Au with strong opportunities for near-resource expansion and regional discovery.

 

* In full disclosure, some companies mentioned by Erik in this interview, are positions held in his personal portfolio, and also may be site sponsors of The Hedgeless Horseman website at the time of this recording.

 

Click here to follow Erik’s analysis over at The Hedgeless Horseman website

 

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

 

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

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

 

 

Investment disclaimer:

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

In this KER Market QuickTake episode, hosts Cory Fleck and Shad Marquitz provide a post-mortem analysis of the recent Metals Investor Forum (MIF) and Vancouver Resource Investment Conference (VRIC). After a week of historic volatility in the precious metals sector, the team breaks down the shift in investor sentiment from extreme euphoria to the "gut-wrenching" price action seen at the end of January 2026.

Discussion Highlights:

Conference Euphoria and Market Sentiment: Shad and Cory recount the high-fives and hugs seen in Vancouver as Silver briefly touched triple digits and Gold approached $5,000, signaling a level of retail excitement not seen in over a decade.

The Historic Reversal: A deep dive into the massive price drop on January 30th, where Silver fell over 30% from its intraday highs, and whether this represents a healthy correction or a definitive blow-off top.

The Rise of the Generalist Investor: Observations on the return of family offices and promoters from other sectors, highlighting a significant increase in liquidity and financing sizes for junior miners.

Strategic Resource Rotation: Why smart money is currently rotating profits out of precious metals and into "energy metals" like Copper, Lithium, and Uranium, as well as traditional Oil and Gas.

Government Intervention & Policy: Discussion on the impact of "Project Vault" - the U.S. government’s new $12 billion mineral stockpile initiative - and its implications for critical mineral supply chains.

 

Click here to learn more about the upcoming MoneyShow in Las Vegas on February 23-25. Shad and I will be on stage and on the floor for all 3 days. We would love to see you there!

 

Let us know your thoughts on the KER Market QuickTakes - [email protected] and [email protected].

Please share with friends and associates! 

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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 company update, Darrell Rader, President and CEO of Minaurum Silver (TSXV: MGG | OTCQX: MMRGF | Frankfurt: 78M) joins us to discuss the roadmap that led to the initial 55 million ounce AgEq resource and outlines the aggressive 50,000-meter expansion program currently underway at the Alamos Silver Project in Sonora Mexico. With a treasury backed by a recent $25M financing and a focus on high-grade targets, the company is aiming to elevate Alamos into a 100-million-ounce silver district in Mexico.

Key Discussion Highlights:

Initial Resource & Strategic Evolution: How the transition from Minaurum Gold to Minaurum Silver reflects the company's focus on the Alamos Project, which recently debuted an initial resource of 55 Moz AgEq at 320 g/t AgEq.

The 50,000-Meter Expansion Goal: Insights into the current drill program - the largest in company history - designed specifically to push the global resource beyond the 100-million-ounce threshold.

Targeting High-Grade Vein Systems: A breakdown of the primary drill targets, including Europa, Promontorio, and Travesia, and the potential for depth and strike extensions across 26 identified vein zones..

Strong Financial Position: Details on the company’s $25M treasury, ensuring full funding for the current exploration phase and upcoming resource updates.

 

Click here to visit the Minaurum Silver website and read over the recent news - https://minaurum.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.