The KE Report

This week’s Weekend Show features Josef Schachter and a KER Market QuickTake analyzing the significant price action across energy and metals. The conversation focuses on the "NACHO" trade in oil, the historic prices for copper, why certain mid-tier producers are outperforming the majors and a couple major M&A deals in the gold and silver space.  

 

Segment 1 & 2 - Josef Schachter, founder and editor of the Schachter Energy Report, joins us to analyze the volatility of the oil and natural gas markets amid geopolitical tensions. Josef discusses the potential for parabolic price spikes if the Iranian conflict persists, the shifting dynamics of global energy supply and demand, and specific growth opportunities within the Canadian energy service sector. 

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

Click here to follow Josef on Substack at his Eye One Energy Report. - https://josefschachter.substack.com/ 

 

Segment 3 & 4 - We wrap up the show with a KER Market QuickTake. We share insights on the resource sector, noting a muted sentiment at the recent Metals Investor Forum in Vancouver compared to earlier in the year. We discuss key technical levels for gold, silver and GDX, the breakout in copper prices and outperforming copper stocks, while also analyzing the significance of major M&A activity (Equinox Gold bid for Orla Mining and Elemental Royalty buying Vizsla Royalty).

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:

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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.

Tim Shearcroft, CEO and Co-Founder of BP Silver Corp. (TSXV: BPAG), joins me for a review of the fully-funded work programs and pathway to upcoming road construction, channel sampling, MAG Survey, Phase 2 Drilling, IP Survey, and Phase 3 Drilling at the Cosuño Silver Project in Bolivia. We discuss all the levels of exploration data that will collected at each step of all these processes, building upon the successful proof of concept from the initial Phase 1 drill program.

The 2026 work program consists of the following key components:

 

1. Construction of access roads to all principal Cosuño targets.

 

2. Systematic channel sampling of the principal vein and breccia structures exposed across the property.

 

3. Completion of a property-wide airborne magnetic ("MAG") survey.

 

4. A Phase 2 drilling program designed to follow up on the success of the Phase 1 campaign (see news releases dated February 2 and February 27, 2026). The Phase 2 program is budgeted for approximately 2,000 metres of drilling and will focus on:

• Testing extensions of high-grade silver intercepts encountered in DH CO-0008 and CO-0009 at Pocañita Chica
• Hole # CO-0008 returned 38 m @ 116.39 g/t Ag; including 5 m @ 660.40 g/t Ag; and including 1 m @ 1,655.00 g/t Ag
• Hole 3 eCO-0009 returned 58m @ 46.23 g/t Ag; including 6 m @ 147.10 g/t Ag; and including 1 m @ 526.00 g/t Ag.
• Initial testing of newly discovered targets by drilling shallow holes ranging from 50 to 100 metres in length. The 1,000-metre-long vein recently discovered at Jalsuri North East is anticipated to be one of these targets.

5. An induced polarization ("IP") geophysical survey over the principal Cosuño targets.

 

6. Completion of a Phase 3 drilling program. The Phase 3 program will benefit from the integration of geological mapping, channel sampling, MAG and IP geophysical surveys, and prior drilling results.

 

7. Together, these 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.

If you have any questions for Tim regarding BP Silver, then please email those into me at [email protected].

 

Click here to follow the latest news from BP Silver Corp

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

 

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

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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, and companies profiled may be sponsors of the KE Report.

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 breakdown of a volatile week characterized by a sea of red on Friday across equities and metals, contrasted by a significant rally in the US dollar.

Key discussion points include:

The G2 Summit and Geopolitical Friction: A look at the conflicting reports following the summit regarding Iran and how these tensions are impacting energy markets and market sentiment.

Global Bond Market Sell-Off: An analysis of the sharp rise in the US 10-year yield and why international debt instruments, particularly UK Gilts and German Bunds, are seeing similar pressure.

US Economic Reacceleration: Why recent data points to a strengthening US economy, causing a dramatic shift in Federal Reserve rate cut expectations for the remainder of the year.

The Surge of the US Dollar: Marc explains the technical drivers behind the dollar’s recovery and why "US Exceptionalism" is creating a divergence between the greenback and other G10 currencies.

Commodity Volatility and Hard Assets: A discussion on the recent record highs in copper and the subsequent reversal, alongside the outlook for gold and silver in an inflationary environment.

 

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 Company Update, I am joined by Mike Burke, Director and Vice President of Corporate Development at Sitka Gold (TSX.V: SIG | OTCQB: SITKF | FSE: 1RF). Mike provides a comprehensive breakdown of the May 14th news release regarding the updated Mineral Resource Estimate at the Rhosgobel Gold Deposit within the RC Gold Project.

The conversation covers the following key developments:

Expanded Mineral Resource Estimate: Mike discusses the official addition of tungsten and silver to the resource at the Rhosgobel deposit, enhancing the overall value of the asset.

The Strategic Value of Tungsten: A look at how Sitka Gold’s tungsten grade compares to existing mines and the potential for this critical metal to provide non-dilutive funding and government interest.

Silver as a Value Add: An overview of the newly defined silver resource and how it contributes to the bulk-tonnage potential of the project.

2026 Exploration Drilling: Details on the massive 60,000-meter drill program currently underway, including progress at the Rhosgobel and Blackjack deposits.

Permitting and Infrastructure Advantages: How the inclusion of critical metals might streamline permitting processes and attract federal infrastructure grants.

 

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/

 

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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 are joined by Dan Rodriguez, Co-Founder and CEO of Mercado Minerals (CSE: MERC). Following the commencement of the 3,000-meter drill program in late March, Mercado Minerals has released the first set of results from their flagship Copalito Project in Sinaloa, Mexico. Dan provides a detailed look at the initial high-grade intercepts and how these results align with the company’s broader exploration strategy.

Key discussion points include:

Initial Drill Results at Copalito: Dan breaks down the first three holes from the 5 Señores vein, highlighting the significant silver and gold grades encountered.

Validation of Historic Data: How the recent re-assaying of historical drill holes confirms the reliability of previous work and strengthens the current geological model.

Expansion and New Target Generation: Insights into the discovery of new targets as well as the 250-meter extension of the Cinco Señores vein.

Strategic Outlook and Financial Position: A look at the company’s current cash position and the planned approach for interpreting data before launching future exploration phases.

 

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

 

Click here to visit the Mercado Minerals 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.