The KE Report

[Recorded on October 30th at NOIC] - Scott Emerson, President and CEO of Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) (FSE: TUY), joined me live at the New Orleans Investment Conference for another exploration update. On October 27th the Company reported the discovery of new, significant, shallow silver mineralization in the Leona zone, Soledad II structure, based on three additional diamond drill holes (LC-26-027, LC-26-028 and LC-26-029), at the Company’s Las Coloradas silver project in the Parral mining district of the Central Mexican Silver Belt, Chihuahua Mexico.
 
Highlights:
 
LC-26-028 returned 566 g/t AgEq (348 g/t silver & 0.42 g/t gold) over 2.52 meters (59.30 – 61.82m); including 899 g/t AgEq (532 g/t silver & 0.67 g/t gold) over 1.25 meters (60.57-61.82m)
LC-26-029 returned 303 g/t Ag Eq (191 g/t silver & 0.30 g/t gold) over 6.50 meters (59.50-66.00m), including 787 g/t Ag Eq (466 g/t silver & 0.62 g/t gold) over 1.35 meters.
High-grade, shallow silver mineralization intersected over 100 meters.
The 1.6-kilometer-long (approx. 1 mile) Soledad II vein/structure has only been drill-tested over 100 meters with positive results.
Soledad II vein/structure dips west. In contrast, Soledad vein/structure dips east.
 
 
Scott reiterated that this discovery of new, significant, shallow silver mineralization in the Leona zone of the Soledad II vein/structure is of great importance as it demonstrates the discovery potential of this 1.6 km (approx 1 mile) long, untested system. Kingsmen has identified numerous other targets along Soledad II system that are similar to the Leona zone and have never been drill tested. By comparison, all have potential to host significant shallow zones of silver mineralization.
 
We also reviewed that there are still multiple drillholes pending along the Soledad I structure from the Aguilar Target, and additionally some holes drilled into the Saddle Target, further beyond the Soledad II structure that will have assays coming back from lab in the near future.
 
If you have any questions for Scott regarding Kingsmen Resources, then please email those in at Shad@kereport.com.
Click here to follow the latest news from Kingsmen Resources
 
 
For more market commentary & interview summaries, subscribe to our Substack reports:
 
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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.

In today's Daily Editorial, hosts Cory and Shad welcome back Dave Erfle, Founder and Editor of the Junior Miner Junky, to break down the sharp sell-off across the precious metals complex and equities following significant monthly closing levels.
Historical Corrections vs. Parabolic Spikes: A comparative look at the recent pullbacks in gold and silver against prior multi-year bull cycles, evaluating whether current sentiment mirrors past mid-cycle bottoms.
Macro Headwinds and AI Market Liquidation: How broader tech-sector margin pressures, election dynamics, and macro rate-hike expectations are spilling over into resource equities.
Mining Equity Resilience vs. Underlying Metals: An examination of why senior and junior equities are exhibiting divergence relative to the metal price drops, supported by corporate cash flows and cleaner balance sheets.
Contrarian Accumulation Strategies: Insights into setting limit order stink bids during capitulation volume rather than waiting for fully confirmed technical reversals.
Catalysts, Newsflow, and Jurisdictional Tailwinds: The impact of tax-loss selling, capital raises, and shifting regulatory frameworks across mining-friendly jurisdictions.
 
Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter - https://www.juniorminerjunky.com/
 
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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.
 

In this Company Update, we sit down with Anthony Margarit, President and CEO of K2 Gold Corporation (TSX-V: KTO | OTCQB: KTGDF | FSE: 23K), recorded live from the floor of the New Orleans Investment Conference.
Record-Breaking Drill Results at Dragonfly: The company recently intersected its widest and highest-grade gold interval of the 2026 program, highlighted by a hole that ended in some of its strongest mineralization before being cut short.
System Continuity and Scale: Continued drilling demonstrates predictable, linear structural control across Dragonfly, pointing toward stacked parallel zones and significant strike extension.
Imminent Assays from Newmont Target: With dozens of holes already at the assay lab from a key target area 3 km south, initial near-term newsflow could shed light on a potential mineral resource footprint.
Multi-Rig Exploration and Target Pipeline: Plans are underway to bring in additional drills and unlock further targets along the East Side Gold Trend, including critical mineral polymetallic targets and high-grade surface showings.
Market Sentiment vs. Asset Fundamentals: An on-the-ground look at investor reactions from the conference floor and how project progress compares to broader market conditions.
 
If you have any follow up questions for Anthony please comment below or email me at Fleck@kereport.com. 
 
Click here to visit the K2 Gold website - https://k2gold.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 Daily Editorial, we are joined by Darrell Fletcher, Managing Director of Commodities at Bannockburn Capital Markets, to deliver an institutional trading desk perspective across the energy, base metals, and precious metals sectors.
Crude Oil Volatility & Risk Premium: A breakdown of how headlines and geopolitical developments rapidly stripped geopolitical risk premium out of the front-month crude contracts and what the forward curves suggest for a realistic price floor.
Dated Brent vs. Futures Pricing: An inside look at the growing divergence between physical delivered crude prices and financial paper contracts, alongside surging global maritime freight costs.
Bifurcated Natural Gas Dynamics: A comparative view of suppressed North American natural gas prices heading into winter storage reports versus historic price spikes across European benchmarks.
Technical Support & Macro Factors in Gold: What the recent breakdown below key technical levels signals for precious metals, how real interest rates continue to drive positioning, and why gold has diverged from historical safe-haven behavior.
Commitment of Traders (COT) Signals: Why extreme managed money positioning across energy and metals markets presents potential contrarian setups and short-covering risks into year-end.
Copper Strength vs. Equity Weakness: An on-the-ground recap from the London Metal Exchange (LME) Week exploring why physical copper pricing remains structurally resilient while producer equities face downward pressure.
 
Click here to learn more about Bannockburn Capital Markets  - https://www.bannockburnglobal.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.

[Recorded October 30th at NOIC]  Chris Temple, Editor and Publisher of the National Investor, joins us for a wide-ranging discussion at the New Orleans Investment Conference to review the macroeconomic trends creating extremely volatile markets, and his outlook on coming Fed policy, inflation trends, US treasuries and interest rates, potential ramifications of US mid-term elections, policies and trends around critical minerals, gold, silver, copper, uranium, and oil.
 
 
Key discussion points:
 
Recent market volatility has investors selling many sectors, including AI related tech leadership, to pile into defensive sectors, cash, and US treasuries.
Higher persistent inflation has Chris of the mindset that the Fed should have already hiked rates more than they have; but yet, Kevin Warsh is just “talking us to death.”
Chris concurred with Jeffery Gundlach’s latest jab at the US central bank after the last FOMC meeting accusing them of having a “Ready… Aim… Aim… Aim… (but no Fire)”
US treasuries have been at the mercy of the bond vigilantes for the last few months, but recently investors panic-selling out of the markets have actually been piling into the bonds for safety.
 
With regards to the extreme selling pressure in gold, silver, and precious metals at the end of last week, Chris believes the breaking of key support levels, may lead to selling down to lower support levels of $3,500 in gold and $40-$45 in Silver.
He believes at this point most of the weak hands have sold, and if investors were going to sell to raise cash they should have done it a while ago.
Chris had warned subscribers earlier in the year that things had become overbought and gotten ahead of themselves and to fade that rally, anticipating a medium-term sector pullback.
The corrective move in the PM sector, was then exacerbated by the war in Iran, and then more selling compounded upon itself into a sector liquidation.
He will be watching for stronger pullbacks in quality PM stocks like Avino Silver and Gold, Seabridge Gold, Amex Gold, and Banyan Gold to add back to positions he and his subscribers pulled profits on earlier in the year.
 
Next we shifted over to how macro energy trends, market narratives, and market misconceptions are shaping the trends in copper, uranium, and other critical minerals. 
 
With regards to copper and uranium, Chris outlines that the fundamentals were already well intact before the last couple years got investors sidetracked and overly animated with the mania surrounding the hyperscaler’s AI data center buildout.
If the House and Senate flip to the Democrats in this week’s US mid-term elections, then Chris outlines the high probability of an investigation into many critical minerals projects and companies that received support to encourage their development from the Trump administration.
 
Wrapping up, we touch back upon the ongoing tensions between the US and Iran, the  continued chokepoint in the Strait of Hormuz, the longer-term damage to infrastructure, and what it all means to the energy sector.
 
He explains that even if we see a peace deal, that structurally oil is now in a new price range, and won’t suddenly drop into the $50s or $60s anytime soon.
Chris remains animated by the energy stocks, but did trim back half positions in the Alerian MLP ETF (AMLP) and the Direxion Daily Energy Bull 2X ETF (ERX).
His concern if the fighting in the Middle East intensifies again after the US elections is that if oil prices were to go substantially higher than the $120s for WTI, that it would shift from being a concern about inflation, to legitimate worries about an economic recession and deflation.
 
Click here to follow along with Chris at the National Investor website.
 
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.

[Recorded 10-30-2026 at NOIC]  Robert Quartermain, Co-Chairman and Director of Dakota Gold (NYSE American: DC), joins us live at the New Orleans Investment Conference to unpack the recent news on drill assays and metallurgical results, which will feed into the trade-off studies and upcoming economic studies for their Richmond Hill Oxide Heap Leach Gold Project; located in the historic Homestake District of South Dakota.  We also discuss how the Maitland Gold Project provides the next project in their development pipeline; painting the big-picture growth vision of the Company.
 
We start off with a broad update reviewing recent drill results from the 2026 exploration program, and the metallurgical test results, which will be incorporated into the updated Resource Estimate and Pre-Feasibility Study (PFS) targeted for Q4. We also have Bob outline some of the key design decisions and trade-off studies factoring into the Feasibility Study economics slated for mid-2027.
 
Dakota Gold has completed the PFS trade-off evaluation of the primary crushing options and selected a 0.5-inch (12.7-millimeter) design crush size. Recent metallurgical testing indicated modeled ultimate gold recovery for oxide material averaged 80.4% at a 0.5-inch crush size, compared with 75.9% at a 1-inch crush size.
The updated resource informing the PFS will incorporate 333 drill holes completed in 2025 and 2026, representing 30% more drilling data from the prior resource, and will be entirely focused on oxide material. The PFS will exclude transition material, which represented roughly 18% of the heap leach material in the prior resource.
The Company has also selected a single heap-leach facility located generally within the area identified for Phase 1 in the IACF, rather than the multiple conceptual heap-leach areas previously considered. The consolidated configuration will simplify material handling and solution management, optimize operations, and consolidate the geotechnical design and monitoring program within one operational area.
 
Wrapping up, Bob highlights how the Maitland Gold Project, will give the Company a solid second development project to with mineralization similar to the Homestake Mine, which is along trend, and provides the potential for future growth in their operations and production within this prolific mining jurisdiction.
 
 
If you have any questions for the team at Dakota Gold, then please email those to me at Shad@kereport.com.
 
In full disclosure, Shad is a shareholder of Dakota Gold 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 Dakota Gold
 
 
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.
 

[Recorded 10-29-2026 at NOIC] Tim Shearcroft, CEO and Co-Founder of BP Silver Corp. (TSX.V: BPAG) (OTCQB: BPSCF), joins me to review the newest assay results from its ongoing Phase 2 diamond drilling program at the Cosuño Silver Project, in Bolivia. These are additional assay results from two diamond drill holes that were stepping out from the prior hole at the Jalsuri North Target, and continue to intersect significant silver and gold mineralization, in addition to broad intervals of zinc mineralization.
 
HIGHLIGHTS
 
High-grade silver-gold mineralization: Drill hole CO-0019 intersected 10.0 meters ("m") grading 183.62 g/t silver and 0.59 g/t gold (239.65 g/t silver equivalent), including 2.0 m grading 506.50 g/t silver and 1.08 g/t gold (600.04 g/t silver equivalent) starting at 3.0 m depth.
Additional high-grade silver-gold mineralization: Within the upper mineralized zone, a 5.0 m interval from 4.0 to 9.0 m returned 294.00 g/t silver and 0.81 g/t gold (369.68 g/t silver equivalent).
Broad zinc mineralization: Drill holes CO-0016 and CO-0019 intersected zinc-mineralization throughout their entire lengths.
CO-0019 also intersected a broad lower zone grading 2.49% zinc equivalent over 100.0 m.
 
Tim goes on to unpack how these results factor into the larger exploration initiatives from the sampling, mapping, geological surveys, and other Phase 1 and Phase 2 results thus far.   We discuss what the follow-up process will be at Jalsuri North and Jalsuri Northeast, where other holes have been drilled that are still awaiting assays. 
 
We also reviewed the recent high-grade results at Pocañita Chica from CO-0013, and how the company is currently drilling to undercut the prior holes drilled CO-008 and CO-009 during Phase 1 drilling to test the potential deeper feeder zones.
 
Wrapping up we also discussed the future initiatives to do first pass drilling at the larger Pocañita Grande target as part of this Phase 2 drilling.    There will also be incoming IP survey data that gets paired with all prior drilling, to then set up the targeting for Phase 3 drilling early in the new year.
 
Click here to follow the latest news from BP Silver Corp
 
 
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.

 silver marks the start of a cascade waterfall or a textbook false breakdown ripe for a sharp V-shaped recovery.
Bond Yields & Liquidity Events: An evaluation of the decoupling between the Treasury rally and the sharp decline in hard assets, pointing to signs of a global margin-call liquidity flush.
COT Positioning Reaching Multi-Year Lows: Insights into historical Commitment of Traders (COT) data, highlighting how managed money net longs have collapsed to multi-month and multi-year extremes, potentially acting as a major contrarian buy signal.
The High-Stakes Week Ahead: A look at the packed macro calendar that could dictate the next major trend, from geopolitical developments to upcoming JOLTS, ADP, and Nonfarm Payrolls labor prints.
 
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 Daily Editorial recorded live from the floor of the New Orleans Investment Conference, Cory sits down with Stephen Soock, Vice President of Investor Relations and Development at Heliostar Metals. As a precious metals analyst before joining Heliostar I get Stephen to put back on his analyst hat and discuss the market and stock valuations. 
Macro Gold Drivers vs. Noise: An exploration of why long-term monetary trends and sovereign balance-sheet demand outweigh prevailing narratives around rate cuts and price manipulation.
Producer Firepower and Free Cash Flow: A look at the disconnect between high-margin cash generation among majors and the sluggish pace of M&A.
Separating True Growth from Rhetoric: How to distinguish between genuine operational expansion and speculative scale across mid-tier and junior miners.
The Cost of Capital and Debt Dynamics: An inside perspective on how easing borrowing costs for quality assets are altering financing strategies for near-term mine builds.
Unlocking the Lassonde Curve: Why the transition from permitting to construction offers one of the most compelling risk-reward profiles in mining.
Heliostar Metals Corporate Catalysts: A preview of upcoming Q3 operational results, forward guidance, and key feasibility study milestones at the Ana Paula project.
 
Please email me at Fleck@kereport.com with any follow up questions for Stephen. 
 
Click here to visit the Heliostar Metals website to learn more about the Company - https://www.heliostarmetals.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.

While major equity indices hover deceptively near all-time highs, market breadth tells a vastly different story. Underneath the surface, rapid sector rotations, stubborn inflation signals, and Treasury yields settling into a "higher for longer" regime are throwing equity and commodity markets into flux. In this two-part episode, technical strategist Rick Bensignor and resource analyst Brian Leni dissect why headline indices mislead investors, what technical warnings are flashing across crude oil and gold, and how to position your cash into asymmetric, catalyst-driven opportunities without falling into emotional traps. 
 
Segment 1 & 2 - Rick Bensignor, President of Bensignor Investment Strategies, kicks off the show to provide a technical and macro outlook across various asset classes. He analyzed pullback risks in energy and metals, persistent sector rotations within the broader equity market, and argued that a higher-for-longer interest rate regime will continue to challenge non-yielding assets. 
Click here to visit the In The Know Trader website - https://intheknowtrader.com/
 
Segment 3 & 4 - Brian Leni, founder and editor of the Junior Stock Review, discusses navigating pullbacks and broader uncertainty across the metals sector. He outlines his strategy of building a substantial cash reserve and selectively rotating capital into undervalued, catalyst-driven explorers and develop
Click here to visit the Junior Stock Review website to keep up to date on what Brian is investing in - https://www.juniorstockreview.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.