The KE Report

As financial markets navigate shifting macroeconomic signals, this episode brings together Brien Lundin and Marc Chandler to analyze the forces driving current precious metals price action and major bond market interventions. Together, they break down the recent rebound across precious and base metals, assess changing Federal Reserve rate expectations, and clarify the broader implications of global currency dynamics and central bank interventions. 

 

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 strong rebound and underlying drivers in precious metals. He highlights how market perceptions of Federal Reserve rate policy are shifting in favor of metals, discusses the strong upside potential and valuation disconnects in both major and junior mining equities, and notes that copper is well-positioned for continued strength driven by demand from data centers and the AI sector. 

Click here to learn more about the New Orleans Investment Conference on October 28-31. - https://neworleansconference.com/korelin/

 

Segment 3 & 4 - Marc Chandler, Chief Market Strategist at Bannockburn Capital Markets and editor of the Marc to Market website, joins us to discuss key developments in global currency, interest rate, and commodity markets. Marc shares insights on central bank interventions involving the Japanese Yen and US Dollar, the impact of recent US labor data on Federal Reserve policy expectations, the driving forces behind gold's price movements, and upcoming economic catalysts like the US CPI report. 

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

 

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/

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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.

Roger Rosmus, Founder, CEO, & Director of Goliath Resources Ltd (TSX-V: GOT) (OTCQX: GOTRF) (FSE: B4IF), joins us for an exploration update reviewing the first drill assays returned from their fully funded 2026 drill program, comprised of ~50,000 meters of systematic drilling and utilizing 7 drill rigs, at the Surebet Discovery on the Golddigger Property; located in the Golden Triangle, B.C.

 

35 out of 98 planned drill holes have been completed with a total of 19,931 meters drilled in 2026. All drill holes from the 2026 drill program completed to date have intersected quartz-sulphide mineralization which typically coincide with high-grade gold mineralization.

 

Expansion drilling will continue to focus on extending the footprint of the Bonanza and Golden Gate Zones to the East and Northeast, as well as expanding the Surebet Zone to the West. Directional drilling consisting of multiple holes stemming from a single ‘mother’ hole is being used on selected drill pads in order to minimize drill time and costs while increasing target accuracy.

 

Gold mineralization has been confirmed with assays from drill hole GD-26-417 expanding the Bonanza and Golden Gate zones by 540 meters to the southwest. Assays are pending on additional drill holes in these areas that could potentially confirm the expansion of the Bonanza and Golden Gate zones up to 750 meters to the southwest.

 

Gold mineralization has been confirmed with assays from drill hole GD-26-418 expanding the Bonanza Zone 100 meters to the north and remains open. Assays are pending on additional drill holes in these areas that could potentially confirm the expansion of the Bonanza zone up to 200 meters to the north.

Drill hole GD-26-418 had two separate gold mineralization intercepts. The first from Surebet Zone, intercepted 8.09 g/t AuEq over 16.00 m, including 18.39 g/t AuEq over 6.75 meters, including 39.99 g/t AuEq over 1.00 meters and 74.67 g/t AuEq over 1.10 meters in an interval characterized by multiple occurrences of visible gold to the naked eye (VG-NE) hosted in quartz-sulphide stockwork and breccia.

The second from Bonanza Zone expansion to the north that assayed 4.42 g/t AuEq over 5.00 meters, including 7.78 g/t AuEq over 2.79 meters, including 23.76 g/t AuEq over 0.90 meters; it remains open.

 

Gold mineralization has been confirmed with assays from drill hole GD-26-425 expanding the Bonanza Zone 100 meters to the west and remains open. Assays are pending on additional drill holes in these areas that could potentially confirm the expansion of the Bonanza zone up to 200 meters to the west.

 

This year’s program will be mainly focused on expanding their 5 Main Mineralized Zones at the Surebet Discovery. Much of the focus on these initial holes was stepping out and expanding the Bonanza Zone and Golden Gate Zone.  Data compilation and interpretation is underway which will be used to potentially vector in on the indicated Motherlode causative intrusive source to this extensive high grade gold system with widespread VG-NE.

 

 

If you have any questions for Roger about Goliath Resources, then please email them to us at Fleck@kereport.com or Shad@kereport.com.

 

In full disclosure, Shad is a shareholder of Goliath Resources at the time of this recording and may choose to buy or sell shares at any time.

 

Click here to follow the latest news from Goliath Resources

 

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.

Scott Emerson, President and CEO of Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) joins us for an exploration update where the company reported on July 22nd results from the first assays from its ongoing fully funded diamond drilling campaign, from hole LC-26-013, drilled on the Company's 100%-owned Las Coloradas silver project in the Parral mining district of the Central Mexican Silver Belt, Chihuahua, Mexico.

 

Highlights:

LC-26-013 (new): 5.20 meters @ 257 g/t AgEq (114 g/t Ag) within a broader alteration zone (130.0–246.9m), including 641 g/t AgEq (425 g/t Ag) over 1.40m (236.55–237.95m) — among the highest-grade silver intercepts reported by Kingsmen to date, and the deepest hole in the Soledad fence.

LC-25-010 (previously reported, Sept. 24, 2025): 1.45 meters @ 1,028 g/t AgEq (455 g/t Ag) (190.25–191.70m), including 1,742 g/t AgEq (770 g/t Ag) over 0.70m (190.85–191.55m), within a broader zone of 138 g/t AgEq over 13.35m (64.3 g/t Ag).

LC-25-005 (previously reported, January 19, 2026): 15.7 meters @ 74 g/t AgEq (46 g/t Ag), including an upper zone of 704 g/t AgEq (460 g/t Ag) over 0.35m and a lower zone of 1,379 g/t AgEq (848 g/t Ag & 0.87 g/t Au) over 0.6m.

Drill hole # LC-26-013, the deepest hole drilled to date at the Soledad system, intersected significant silver-gold mineralization 54 meters down-dip of previously reported hole LC-25-010, confirming that high-grade mineralization at Soledad continues to grow at depth. Together with previously reported holes, LC-25-005 and LC-25-010, the fence of three holes has now intersected silver-gold mineralization over a minimum of 135 meters of vertical depth, and a new structural target has been identified. Mineralization remains open at depth and along strike. This result demonstrates the continuity of the high- grade silver mineralization and expands the known mineralized footprint.

 

We go on to discuss some of the key exploration targets at Las Coloradas, based on the various data sets from mapping, sampling, historic data, and surveys flown that their team has compiled in the prioritized targets for this season.  The initial follow-up drilling has been testing deeper and stepping out around the historic Mine Target and DBD Target.  Additionally, other regional targets like Saddle, Silvia, Leona, Agilera, and La Plata areas will be tested. Then later in the year the company will transition over to drilling a number of targets at their Almoloya Project. 

 

If you have any questions for Scott regarding Kingsmen Resources, then please email those in to us at Fleck@kereport.com or Shad@kereport.com.

 

Click here to follow the latest news from Kingsmen Resources

 

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.

Nick Hodge, Co-Owner of Digest Publishing and editor of Foundational Profits and Underground Alpha, joins us for our monthly longer-format discussion on macroeconomic factors moving the markets, turning up the summer heat in resource stocks coming into August. He also shares portfolio management strategies in select gold, silver, copper, rare earths, and uranium stocks.

 

We start off reviewing some shifts in macroeconomics movers:

 

A reduction in strength in US Dollar, with the dollar index moving back below 100

Recent rolling over of interest rates, which had previously been rising based on anticipated hawking Fed policy from Warsh’s prior meetings and statements

Improving US economic data on some fronts may have the Fed in a more neutral position

A desensitization of geopolitics around the US/Iran negotiations and the supposed reopening of the Strait of Hormuz.

US treasury financial intervention to support Japan, staving off their potential need to liquidate US treasuries, or any rapid unwind of the carry trade.

Capex investments in AI data-center build-outs are ongoing.   

 

The conversation then transitioned from macroeconomics into recent uplift in gold, silver, and precious metals stocks. Nick is less animated by PM seasonality trends coming out of the Summer Doldrums, pointing to the changes in the US dollar and interest rates as the key factors that have led to this recent sector bounce.

He mentioned that this lull in the summer doldrums in both sentiment and weak price action was a common theme from the recent Rule symposium; and conceded that in the later summer, once more investors are back from vacations and more focused on the markets again, that this may bring in more trading volumes and participation.

We highlighted the wave of sector news on tap from now into September conference season. All this coming news can provide fundamental catalysts, from compelling Q2 earnings results in PM producers, to key upcoming milestones and studies for developers, and then all the summer drill programs. 

Nick highlighted PM stocks moving on recent news like Revival Gold Inc. (TSXV: RVG) (OTCQX: RVLGF), Hannan Metals Limited (TSXV: HAN) (OTC: HANNF), San Lorenzo Gold Corp. (TSXV: SLG) (OTCQB: SNLGF), and Osisko Gold Group Inc. (NYSE: OGG, TSXV: OGG).

He pointed out that the market is still not rewarding exploration news that shows some geological “smoke” but didn’t hit “fire,” mentioning his portfolio position in Quartz Mountain Resources Ltd. (TSXV:QZM)(OTCQX:QZMRF)

There are some companies with he remains animated by for all the coming assay results from ongoing drill programs like Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF)

 

Next we switch over to the continued strength in copper, making new all-time highs again this week.  While we note the strong demand fundamentals, and supply constraints, Nick explains that the influx of copper into the US, and pricing arbitrage compared to London or Shanghai exchanges, may be due to investors positioning in front of potential tariff announcements on copper from the  Trump administration.

 

Copper stocks we discuss are Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF), Hudbay Minerals Inc. (TSX: HBM) (NYSE: HBM), and Ero Copper Corp. (TSX: ERO, NYSE: ERO).

 

When reviewing where Nick is seeing the most government focus in the commodities sector, he highlights it is clearly in the Critical Minerals.  While multiple sectors from uranium, to lithium, to heavy rare earths have been sold down lately, the supply chain chokepoints outside of China remain, and the fundamentals for these strategic metals continuing to improve.

 

Nick highlights the ongoing direct investment and policy initiatives into the rare earths processors, separators, recyclers, noting prior government investments into Trilogy Metals Inc. (NYSE American: TMQ) (TSX: TMQ), Lithium Americas Corp. (TSX: LAC) (NYSE: LAC),  MP Materials (NYSE: MP), and USA Rare Earth, Inc. (Nasdaq: USAR).

He flags the recent $725 million financing commitment from the Department of War, U.S. Office of Strategic Capital, for Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) which was approved to support infrastructure and capacity to process rare earth elements and other critical materials domestically.

CoTec Holdings Corp. (TSXV:CTH)(OTCQX:CTHCF) is company he remains animated by for similar reasons, due to their exposure to recycling material to extract and produce rare earth magnets and strategic materials.  He believes this could attract government interest like is has in the aforementioned companies.

 

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 today's Daily Editorial, we are joined by Joel Elconin, co-host of the Pre-Market Prep Show and founder of the Stock Trader Network. Joel breaks down the relentless momentum across major stock indices as market averages hit new record territory. We explore whether technical price action supports a continued rally or if tech sector laggards signal caution ahead.

Key Discussion Points:

Market Momentum & Technical Support: How recent breakouts past historic resistance levels are establishing new technical foundations for the broad market.

Intra-Sector Tech Rotation: Why profit-taking in high-flying chipmakers and hyperscalers is feeding capital into other index components rather than triggering broad selloffs.

CapEx Spend vs. Earnings Justification: How big tech giants are attempting to validate massive AI capital expenditure and what that means for supplier supply chains.

The Post-IPO Life Cycle of SpaceX: Key technical levels, lockup expiration dynamics, and how institutional accumulation typically plays out following initial public offerings.

 

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/

 

Stocks & Symbols Mentioned: S&P 500 Index ($SPY / S&P Futures), Nasdaq-100 ($QQQ), Dow Jones Industrial Average ($DIA), Russell 2000 ($IWM), NVIDIA ($NVDA), Microsoft ($MSFT), Apple ($AAPL), Micron Technology ($MU), SanDisk ($SNDK), Western Digital ($WDC), Walmart ($WMT), Costco ($COST), Netflix ($NFLX), T-Mobile ($TMUS), Gilead Sciences ($GILD), SpaceX

 

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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.