The KE Report

In this Daily Editorial, Darrell Fletcher, Managing Director of Commodities at Bannockburn Capital Markets, joins the show to provide an insider's view from the trading desk on the latest developments across the global commodity space. Darrell breaks down key dynamic shifts in major commodity markets, including crude oil, natural gas, base metals, and precious metals:

Energy Volatility & Crude Oil: A look at why crude oil prices are swinging sharply, how geopolitical news continues to dominate the headlines, and the underlying fundamental factors shaping current risk premiums.

SPR Inventories & Supply Realities: Analysis of the persistent drawdown in Strategic Petroleum Reserves and what prolonged inventory declines could mean for long-term supply stability.

Natural Gas & Global LNG Flows: Discussion surrounding current Henry Hub pricing, seasonal demand patterns, and how maintenance schedules are impacting North American LNG export capacity.

Copper & Base Metal Fundamentals: An evaluation of copper’s steady floor, domestic inventory movements, and the potential implications of impending Department of Commerce decisions on copper tariffs.

Precious Metals & Macro Sentiment: Insight into gold and silver’s historic price swings, current support levels, and how institutional desk positioning is adapting to broader global economic uncertainty.

 

Click here to learn more about Bannockburn Capital Markets  - https://www.bannockburnglobal.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 sit down with Alicia Milne, President and CEO of Q2 Metals (TSXV: QTWO | OTCQB: QUEXF | FSE: 458). Alicia breaks down the latest news out of the Cisco Lithium Project, coming off the final batch of winter drill assays and the kickoff of the 20,000-meter summer campaign. We dive into how the team plans to upgrade the maiden resource and what to expect from upcoming economic studies.

Winter Drill Results: Final assays wrap up the 10,000m winter program with high-grade spodumene hits over wide intercepts.

Summer Drill Strategy: What the team is targeting with 20,000 meters of drilling now underway, focusing on infill, resource conversion, and expansion targets.

Next Major Milestones: The setup for the upcoming Preliminary Economic Assessment (PEA), drill results and an updated resource.

Financial Runway: A look at the company’s ~$75M treasury and how it fully funds the current work program through key catalysts.

 

If you have any follow up questions for Alicia or would like more information on any aspect of the Company please email me at Fleck@kereport.com. 

 

Click here to visit the Q2 Metals website - https://www.q2metals.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 edition of The KE Report Weekend Show, we dive deep into two critical resource sectors facing profound shifts: Platinum Group Metals (PGMs) and global energy. PGM expert Jeff Christian breaks down the extreme price volatility in platinum and palladium, separating speculative hype from true industrial fundamentals. Meanwhile, energy analyst Dan Steffens analyzes escalating Middle East conflicts, tight physical refine product inventories, and why the real global oil supply shock may hit harder in late summer. 

 

Segment 1 & 2 - Jeff Christian, Managing Partner at CPM Group, discusses the platinum group metals (PGM) sector following the release of their annual PGM yearbook. During the interview, he breaks down the six noble metals that comprise the PGMs, analyzes the driver behind recent price spikes and corrections, and provides insight into market fundamentals, industrial applications, and long-term investment potential. 

Click here to visit the CPM Group website to learn more about the firm - https://cpmgroup.com/

 

Segment 3 & 4 - Dan Steffens, President of the Energy Prospectus Group, discusses the energy and oil sector amid geopolitical conflicts, shifting market expectations, and the depletion of the US Strategic Petroleum Reserve. He highlights key market drivers, including broken supply chains, low refined product inventories, and high crack spreads, while outlining investment opportunities in high-dividend energy companies. 

Click here to visit the Energy Prospectus Group website for more energy market and stock analysis - http://www.energyprospectus.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/

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 today’s Daily Editorial, we are joined by Marc Chandler, Chief Market Strategist at Bannockburn Capital Markets and Editor of the Marc to Market website. We dive into the key macro forces shaping global markets, including rising Treasury yields, rising US Dollar, energy price volatility, and central bank expectations ahead of upcoming central bank meetings. Mark breaks down the broader implications for currency trends and international capital flows.

Key Discussion Points:

Surging Treasury Yields: A look into the sharp rise in the US 10-year yield and how global bond markets are reacting to shifting duration risks.

US Dollar Momentum: An analysis of the greenback’s continued strength, driven by rate differentials and foreign equity inflows.

Oil Price Escalation: How the recent spike in crude contracts is reshaping inflation expectations and putting pressure on short-term rates.

Federal Reserve Outlook: Insights into market-implied probabilities for upcoming Fed meetings and the central bank's delicate balancing act.

 

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.

Robert Vallis, President, CEO, and Director of Tiger Gold Corp. (TSXV: TIGR) (OTCQB: TGRGF) (FSE: D150), joins me for an exploration update on the assay results returned for three drillholes from its Ceibal target at its Quinchía Gold Project in Colombia’s prolific Mid-Cauca gold belt.   We review how results like this at Ceibal will be expanding the known 2 million ounces of gold resources, in all categories, already delineated from the Miraflores and Tesorito deposit areas. Additionally we discuss the blue-sky upside in a number of other regional targets across their district-scale land package.

 

Drilling at Ceibal has outlined a northwest to north-northwest trending mineralized corridor with an apparent strike length of at least 300 metres and an apparent width of approximately 375 metres. Mineralization has been traced to approximately 800 metres vertically below surface and remains open at depth. The geometry, true thickness, extent, and continuity of mineralization have not been defined at this early stage of exploration, and the corridor remains open to the northwest, southeast, and southwest.

 

Highlights:

CEDDH-011 intersected 685.35 m @ 0.6 g/t Au from surface and ended in mineralization
including 7 m @ 1.0 g/t Au from 7 m downhole

including 8 m @ 1.1 g/t Au from 42 m downhole

including 12 m @ 1.5 g/t Au from 66 m downhole

including 20 m @ 1.2 g/t Au from 86 m downhole

including 16 m @ 1.2 g/t Au from 438 m downhole

including 6 m @ 1.8 g/t Au from 660 m downhole

CEDDH-012 intersected 568.4 m @ 0.6 g/t Au from 309.5 m downhole, extending mineralization to approximately 800 m below surface
including 5 m @ 1.0 g/t Au from 485 m downhole

including 16.75 m @ 1.0 g/t Au from 784 m downhole

including 12 m @ 1.2 g/t Au from 845 m downhole

including 12 m @ 1.2 g/t Au from 864 m downhole

CEDDH-013 intersected 536 m @ 0.4 g/t Au from surface
including 6 m @ 1.2 g/t Au from 6 m downhole

including 6 m @ 1.2 g/t Au from 90 m downhole

including 10 m @ 1.2 g/t Au from 102 m downhole

including 6 m @ 1.1 g/t Au from 118m downhole

 

Drillholes CEDDH-014 and CEDDH-016 were collared approximately 165 metres and 220 metres northwest of CEDDH-013, along the interpreted apparent trend of the corridor, and were designed to test the northwesterly extent of the mineralized corridor beyond the area drilled to date. Drillhole CEDDH-015 was collared approximately 210 metres southeast of CEDDH-003 and was designed to test the southeasterly extent of the apparent mineralized corridor. Assays for all three holes are pending and will be reported in a subsequent news release. 

 

 

Robert then highlights its broader 20,000-metre drill program with three diamond drill rigs, including one rig doing infill drilling at Tesorito and two rigs at Ceibal will support the continued definition and expansion of the project into an updated Mineral Resource Estimate in Q1 of 2027, which will then update the 2025 Preliminary Economic Assessment (PEA) with enhanced economics.

 

Wrapping up we touch up the even further bluesky exploration potential at depth under Tesorito and Ceibal, and the near-surface drill targets their team has been refining at the nearby Chuscal gold-copper target, and the untested corridor along the faults up into the Northeastern regional targets. There is also the 500,000 ounces of historic gold resources at Dos Quebradas to the Northwest.

 

 

 

If you have any follow up questions for Robert regarding Tiger Gold then please email those to me at  Shad@kereport.com.

 

 

Click here to follow the latest news at Tiger Gold Corp

 

 

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.