The KE Report

In this daily editorial, we are joined by Craig Hemke, Founder and Editor of the TF Metals Report, to dissect one of the most volatile periods in recent precious metals history. Following a series of dramatic price swings, Craig shares his perspective on the structural "washout" in the paper markets and why the current setup may be a strong signal that a sustainable bottom is in place.

Key discussion points:

COT Report Insights: Craig analyzes the massive liquidations shown in the Commitment of Traders (COT) survey, noting that open interest across Comex Gold has fallen to its lowest levels since late 2018.

Physical vs. Derivative Markets: A look at the growing tug-of-war between strong physical buying in Shanghai and London versus the aggressive derivative trading and "bot" activity on the New York Comex.

Mining Stock Leverage: Why producers like Barrick Gold (GOLD) continue to see a valuation gap despite record-breaking revenue growth and significantly higher average selling prices compared to previous quarters.

Macro Drivers: Evaluation of the "Trump-Warsh" trade, currency debasement, and how sideways movement in metals can actually be a bullish catalyst for retail interest in the mining sector.

 

Click here to visit Craig’s website - TF Metals Report - https://www.tfmetalsreport.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 company update, we welcome back Greg McKenzie, President and CEO of Silver Storm Mining Ltd. (TSXV: SVRS | OTCQX: SVRSF | FSE: SVR). Following our initial introduction in December, Greg returns to discuss the significant operational milestones achieved as the Company nears the anticipated Q2 2026 restart of the La Parrilla Silver Mine Complex in Durango, Mexico. We also dive into the Company’s parallel exploration strategy, highlighted by a 6,000-meter underground drilling program aimed at expanding the resource base at key mine areas.

Key Discussion Points:

Mine Restart Progress and Timeline: The rehabilitation of the La Parrilla plant remains on schedule and on budget for a potential restart in the second quarter of 2026.

Capacity Expansion and Technical Upgrades: Silver Storm has commenced the expansion of the sulphide flotation circuit to 1,250 tonnes per day (tpd), with all eight new flotation cells now delivered to the site.

Active Drilling and Resource Growth: A 6,000-meter underground drilling campaign is underway at the Quebradillas, San Marcos, and Rosarios mines to increase indicated and inferred resources ahead of production.

Production Targets and Financial Outlook: The Company is targeting an eventual run rate of 3 million silver equivalent ounces per year, backed by a cash position of approximately $31 million CAD.

 

Click here to listen to the introduction interview with Greg. 

Click here to visit the Silver Storm Mining 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, 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.

This Weekend Show pairs Brien Lundin (Gold Newsletter) with Cory & Shad’s MarketQuick Take to unpack the same question from two angles: was the silver/gold surge a true breakout… or a blow-off top? From conference-floor euphoria and record volume to a historic, gut-wrenching reversal, this Weekend Show digs into what this volatility really means, and how investors can survive (and potentially benefit) from the chop ahead.

Segment 1 & 2 - Brien Lundin, editor of the Gold Newsletter and host of the New Orleans Investment Conference, kicks off the show to discuss the sharp correction and extreme volatility in gold and silver, why a period of consolidation is likely, and how investors should think about sentiment, valuations, and opportunity in precious metals stocks going forward. He also shares a number of junior stocks with drill programs and near term news he is watching closely. 

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

 

Segment 3 & 4 - Cory Fleck and Shad Marquitz recap their takeaways from Vancouver’s Metals Investor Forum and VRIC - highlighting the packed, euphoric “high-fives and hugs” sentiment as gold and silver hit record highs - then dig into the sudden, historic post-conference selloff, what it signals about fading momentum and profit-taking, and why they’re watching for a rotation of capital from precious metals into copper, energy metals, and oil & gas.

 

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.

In this company update, we sit down with Garrett Ainsworth, President, CEO, and Director of District Metals Corp. (TSX-V: DMX | OTCQX: DMXCF | Nasdaq First North: DMXSE). Following a period of market volatility, Garrett joins us to clarify the recent Swedish media reports regarding local government pushback on alum shale mining and what it truly means for the company's flagship asset, the Viken Deposit.

Key Discussion Highlights:

Business as Usual Amid Policy Shifts: Garrett emphasizes that the lifting of the Swedish uranium ban remains effective as of January 1, 2026, allowing the company to legally advance its Alum Shale and hard rock uranium deposits.

Decoding the Municipal Veto: An analysis of the current political environment in Sweden, where the national government is exploring the removal of the municipal veto for uranium processing - a move that has sparked recent debate ahead of the September elections.

The "National Interest" Catalyst: Why the potential designation of the Viken Deposit as a "Deposit of National Interest" by the Geological Survey of Sweden could provide a critical regulatory pathway that may override local vetoes.

Financial and Operational Strength: A look at District’s $9 million (CAD) cash position and the upcoming milestones for 2026, including the Preliminary Economic Assessment (PEA) and Economic Impact Study (EIS) for the Viken Deposit.

 

If you have any follow up questions for Garrett please email me at [email protected].

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.

In this editorial, we are joined by Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of the Marc to Market website. Marc provides a deep dive into the shifting dynamics of the global currency markets, analyzing whether the recent US Dollar bounce has reached its limit and what the technical "outside day" patterns are signaling for the week ahead.

We explore the "Sell America" narrative, the mechanics of dollar-hedged equity trades, and why Marc remains skeptical of the "uncurrency" argument regarding gold's rise against fiat. With a data-heavy week on the horizon, we break down what to expect from the upcoming US employment report and CPI figures.

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.