The KE Report

In this Daily Editorial, we welcome back Dave Erfle, founder and editor of The Junior Miner Junky, to break down the latest technical and macroeconomic developments shaping the precious metals complex.

Key Technical Retracement Levels: Critical support zones across gold, silver, GDX, and GDXJ to watch this week on a closing basis to determine whether this pullback remains a standard, healthy consolidation.

Miners Showing Relative Strength: Why gold and silver equities are behaving differently compared to past corrections, outperforming the underlying metals as producers defend massive operating margins and attempt a multi-year base breakout.

Bond Market Volatility and Rate Cycles: How spiking yields on global benchmark bonds and mounting sovereign debt pressures are influencing investor positioning, alongside historical evidence of how gold performs during aggressive rate-hiking regimes.

Sector Rotation and Capital Flight: Evidence of institutional money shifting away from traditional sovereign debt into monetary metals, and how central bank reserve trends are spilling into major equity leadership.

Junior Mining Strategy and M&A Catalysts: The widening performance gap between early-stage explorers and advanced developers, well-funded treasury runways, and why upcoming industry gatherings in Colorado could spark the next wave of corporate transactions.

 

Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter - https://www.juniorminerjunky.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 Company Update, we sit down with Bob Archer, President and CEO of Pinnacle Silver and Gold (TSX-V: PINN, OTCQB: PSGCF, Frankfurt: P9J), to review recent high-grade underground drill results from the El Potrero Project in Mexico and discuss upcoming exploration milestones.

High-Grade Drill Highlights: An overview of recent assays from the Pinos Cuatas mine, including standout intercepts from Hole 68: 6.19 g/t Au and 90 g/t Ag over a core length of 10.89 metres including 58.2 g/t Au and 631 g/t Ag over 0.41 metres.

Vein Continuity and Stope Planning: How targeted underground drilling confirms continuity along strike and up-dip, helping the technical team outline material for future mine planning.

Expanding Beyond Historical Workings: Insights into how the latest drill holes continue to expand mineralization well past the historical footprints of the underground workings.

Transition to Surface Drilling: Details on the ongoing current underground campaign and the operational setup for an upcoming 5,000-meter surface drill program across multiple vein targets.

 

Please email me with any follow up questions you have for Bob - Fleck@kereport.com.

 

Click here to visit the Pinnacle Silver and Gold website to learn more about the company and read over the recent news 

 

-------------------------

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 Daily Editorial, I am joined by Craig Hemke, Founder and Editor of TF Metals Report, to analyze the shifting macro landscape, key central bank catalysts, and the latest technical action in the gold and silver markets.

FOMC Expectations and the Yield Curve: A look into shifting market expectations for Wednesday’s Fed decision, how the bond market has moved ahead of policy makers, and what the latest Summary of Economic Projections could mean for market direction.

Geopolitical Escalation and Energy Shocks: How widening conflict and major Middle Eastern pipeline infrastructure damage are supporting crude oil prices and altering the inflation narrative.

Precious Metals Price Consolidation: Why the pullback from the August highs resembles a healthy, multi-month base-building process rather than the start of a deep breakdown.

Plunging COMEX Open Interest: The structural impact of near-record low open interest and changing exchange margin rules, leaving thin order books that create volatile air pockets in both directions.

Gold Versus Silver Performance: Technical divergence across the metals space as gold maintains relative strength near major moving averages while silver works through an extended technical digestive phase.

 

Click here to visit Craig’s website - TF Metals Report - https://www.tfmetalsreport.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 Company Update, we welcome Alistair Waddell, President and CEO of Inflection Resources (CSE: AUCU, OTCQB: AUCUF), to provide an exploration update from the Trangie Project and across the company's copper-gold portfolio in Australia. Alistair breaks down the air-core drilling program nearing completion at the Trangie Project in New South Wales under the exploration agreement with AngloGold Ashanti, followed by geophysical progress and drill planning at the 100%-owned Endurance Project in the Northern Territory.

Trangie Project Exploration Strategy: The methodology and objectives behind the ongoing 92-hole, over 16,000-meter air-core program through cover, and when the market can expect the full batch of assay results.

Geochemical Vectoring and District Potential: How multi-element assaying and alteration footprints are being used to map prospective alkalic porphyry clusters analogous to the nearby Northparkes deposit.

Target Definition at the Endurance Project: Recent gravity and induced polarization survey results over the Big Eye and Barrel Eye anomalies, paving the way for maiden scout drilling of large-scale IOCG targets.

Non-Dilutive Capital and Project Generation: How co-funding grants from the Northern Territory government support ground geophysics, alongside the broader prospect generator strategy and ongoing technical work.

 

If you have any follow up questions for Alistair please email us at Fleck@kereport.com and Shad@kereport.com. 

 

Click here to visit the Inflection Resources website to learn more about the Company - https://inflectionresources.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.

Keith Bodnarchuk, President and CEO of Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU), joins me to review the 6,700+ meter 13-hole summer drill program along the Cyclone Trend at the Company’s Murphy Lake North (“MLN”) project.  We also discuss the upcoming drill mobilization for their Darby Project, and for the Aurora Project in the near future.

 

Murphy Lake North and Darby are both joint venture projects between Cosa and Denison Mines Corp. (TSX: DML) (NYSE American: DNN). Cosa is the project operator and holds a 70% interest with Denison holding a 30% interest on both properties. MLN is located three kilometres east of IsoEnergy’s Hurricane deposit, in the eastern Athabasca Basin, Saskatchewan, and was the focus of this summer program’s drill results.

 

Highlights

 

Multiple zones of structurally controlled alteration and elevated radioactivity remain open along strike for several hundred meters and on multiple sections

Drilling evaluated multiple structures over 650 metres of strike length with all 13 drill holes intersecting strong structure and/or alteration

Summer 2026 drilling prioritized unconformity targets with significant room for basement-hosted mineralization remaining

With $16 million in the treasury, Cosa remains fully funded for a significant follow up drilling campaign

 

The 13-hole, 6,752 metre drill program followed up winter results at the Cyclone trend highlighted by 5.0 metres averaging 0.55% U3O8 (308.5-313.5 metres) in MLN26-013 including a 0.5 metre subinterval of 1.70% U3O8 (310.5-311.0 metres). Summer drilling targeted the Cyclone trend over a 650-metre strike length extending 400 metres west and 250 metres east of MLN26-013.  All 13 summer drill holes intersected moderate to strong alteration and/or structure, and several drill holes intersected intervals of elevated radioactivity.

Drilling identified two prominent faults, the N- and S-faults, which are generally located along the northern and southern edges of the Cyclone graphitic basement unit. The N-fault is the most prominent basement structure intersected on the project and hosts the zone of strong basement alteration intersected by winter 2026 drill hole MLN26-017. 

 

Next Steps:

 

With C$16 million the treasury, the Company remains well-funded for a significant follow up winter campaign at Murphy Lake North. Immediate follow up targets include the uranium pathfinder element enriched basement alteration zone intersected by MLN26-017 and MLN26-020C1, the S-fault, and the strike extensions of the N-fault.

Additionally, the Company expects to announce commencement of drilling at the Darby and Aurora projects in the coming days.

 

 

If you have any questions for Keith or Andy regarding Cosa Resources then please email them into me at Shad@kereport.com

 

* In full disclosure, Shad is a shareholder of Cosa 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 Cosa Resources

 

 

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

 

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.