The KE Report
The KE Report provides exclusive interviews with private money managers and sub $10 billion market cap stocks. Interviews are published daily to help investors navigate the markets.
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Episodes
6 days ago
6 days ago
On this Thursday, January 22nd daily editorial, we are joined by Rick Bensignor, President of Bensignor Investment Strategies and author of the globally recognized institutional newsletter, Supposedly Irrelevant Factors. Known for his behavioral finance expertise and technical precision, Rick joins the show to break down one of the most aggressive “risk-on” environments seen in years.
Key Discussion Points:
The Risk-On Reality: Why 10 major risk assets are currently signaling economic growth and persistent inflationary pressures.
Technical Market Structure: An analysis of the S&P 500 using Ichimoku Cloud charts and why the $SPX remains on track for a target of 7,470.
The Great Rotation: Why the "Mag 7" trade (XLK, XLY, XLC) is tired and how capital is flowing into Materials (XLB), Energy (XLE), and Industrials (XLI).
Precious Metals Parabolic Move: Rick discusses trimming his GDX and SLV positions after a "gift from God" rally and the potential for a silver short squeeze among major banks.
Energy and Base Metals: The bottoming process in Natural Gas and the breakout in “white metals” like Platinum and Palladium.
Stocks & Symbols Mentioned: S&P 500 (SPX), SPY, GDX, SLV, GLD, XLK, XLY, XLC, XLB, XLE, XLI, XLP, XLU.
Click here to visit the In The Know Trader website - https://intheknowtrader.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 error, 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.
6 days ago
6 days ago
In this episode, we are joined by the newly appointed President of Valkea Resources (TSX-V: OZ, OTCQB: OZBKF, FRA: S600), Thomas Credland, alongside Executive Chairman Chris Donaldson. The conversation provides an inside look at the management transition, the company’s exploration philosophy for 2026, and the untapped potential within their Finnish portfolio.
Key discussion points include:
Strategic Management Transition: Executive Chairman Chris Donaldson explains the significance of Thomas Credland’s appointment and his personal financial commitment to the company.
Early-Stage Exploration Philosophy: Thomas Credland draws parallels between the early days of Rupert Resources and the current setup at Valkea, emphasizing the search for deposits of scale.
Portfolio-Wide Systematic Approach: An overview of why the company is moving beyond just the Paana project to evaluate its full five-property portfolio in the Lapland Greenstone Belt.
The Importance of "Base of Till" Drilling: Why the team is prioritizing low-cost, high-impact till sampling to build a pipeline of 20-30 high-conviction targets.
Any follow up questions for Chris can be emailed to me directly at Fleck@kereport.com.
Click here to visit the Valkea Resources website to learn more about the Company. - https://valkea.ca/
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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.
6 days ago
6 days ago
Sean Brodrick, Editor of Wealth Megatrends, Supercycle Investor, Resource Trader, and contributing analyst to Weiss Ratings Daily, joins us to look at how chaos in geopolitics and global macroeconomics is continuing to fuel a commodities supercycle. We discuss his 2026 outlook and some of his portfolio strategies in gold, silver, copper, uranium, oil, and rare earth stocks.
We start off noting the continued strength in gold and silver due to an extended interest rate cycle, the next phase of the war cycle, and a market and global backdrop more reminiscent to the 1970s.
He discusses why gold has remained well-bid, making a series of new all-time highs from last year into this year, and doesn’t see that larger trend changing, even if and when we do see periodic corrections.
Sean has recently moved his longer-term gold price target from over $6,900 up to $10,000, and is holding with a longer-term silver price target of $200.
With silver, he sees it coming along for the ride for many of the same reasons as gold, despite its separate supply/demand factors, but he notes it’s more susceptible to extreme volatility to the downside and upside.
With regards to precious metals equities, Sean is still bullish for the larger trends in place, and views any coming corrections as buying opportunities to add to positions.
He remains positioned across a number of quality producers and developers, specifically noting the continued and recent strength in both Centerra Gold (CGAU) and Endeavour Silver (EXK).
We review the significance of this coming earnings season,for both silver and gold stocks, and how the record revenues in Q4 will become hard for generalist investors to ignore much longer.
We also look ahead to how much better Q1 will be than Q4, and get his thoughts on why more investors are not aggressively front-running this bullish set up much more than they have been. He believes more capital inflow will come as the data becomes more obvious to a wider spectrum of investors.
From there we broaden out the discussion to the whole commodity complex, which Sean believes will stay in momentum overall in a continued bull market and commodities supercycle.
Despite the constant geopolitical news deluge, he is more constructive on economic progress in many nations for the year to come.
Sean believes this commodities super-cycle, over time, will begin to drag the lagging traditional energy sector and oil and gas stocks much higher later in the year.
He also points to Phillips 66 (PSX) being a winner for his subscribers, as they can benefit from the processing of heavy crude from Venezuela, unlike other gulf coast refiners that will need to make retrofit upgrades and investments to switch from processing Canadian heavy crude.
He points to the strength in copper and copper stocks recently and he is very constructive on the longer-term fundamentals for this commodity, and for global growth in the year to come.
He specifically highlights Freeport (FCX) and Taseko Mines (TGB) as stocks that have done well for his subscribers.
Wrapping up, we get into the resurgence of nuclear power and strength in the uranium stocks over the last month coming into the new year, and why he remains bullish for the medium to longer term that this sector has much further to rerate higher.
He underscores the big triple digit gains that he and his subscribers realized in Energy Fuels (NYSE: UUUU) last year, and why he they got repositioned after the fall pullback at the end of last year to ride this stock back higher again.
Energy Fuels has exposure to both uranium and rare earths production and processing, so it sits in a unique position with regards to domestic supply of critical minerals, which he believes will attract more direct government support.
Sean believes that the ‘stealth rally’ we’ve seen in uranium and rare earth equities will continue as the year progresses.
Sean made the point, quoting Littlefinger from Game of Thrones, that “Chaos is a ladder” and that the commodities complex would continue climbing that ladder, in lieu of all the geopolitical and macroeconomics factors at work in the year to come.
Click here to follow along with Sean’s work at Weiss Ratings Daily and Wealth Megatrends
Click here to learn more about Resource Trader
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.
7 days ago
7 days ago
[Audio section from Video on 01-21-2026]: Glenn Jessome, President & CEO of Silver Tiger Metals (TSX.V:SLVR) (OTCQX:SLVTF), joins me for a special video segment which visually unpacks the key metrics, maps, and forward-looking plan for the Preliminary Economic Assessment (PEA) for the underground mining second phase of the El Tigre Project. We also review what the combined El Tigre Silver-Gold Project in Sonora, Mexico looks like on a valuation standpoint, when one sees the first phase surface mining stockwork zone in tandem with the underground second phase.
The bolt-on PEA is centered on the underground mining economics of the high-grade El Tigre, Sulphide, Black Shale and Seitz Kelly zones. The PEA mine design can be constructed independently of the Stockwork Zone development and is focused on the underground Mineral Resource. Prospective areas exist outside of the areas defined by the PEA and PFS with the historic “El Tigre North Mine” Mineral Resource located 700 metres to the North.
Highlights of the PEA , with a base case silver price of $38/oz and gold price of $3,200/oz are as follows (all figures in US dollars unless otherwise stated):
After-Tax net present value (“NPV”) (using a discount rate of 5%) of $304 million with an After-Tax IRR of 42.8% and Payback Period of 2.6 years (Base Case);
15-year UG mine life with 3-year historical tailings processing recovering a total of 38 million payable silver equivalent ounces (“AgEq”) or 453 thousand gold equivalent ounces (“AuEq”), consisting of 34 million silver ounces and 130 thousand gold ounces;
Total Project undiscounted after-tax cash flow of $496 million;
Initial capital costs of $83.5 million, including $10.9 million in contingency costs, over an expected 18-month build, and sustaining capital costs of $213 million over the life of mine (“LOM”);
The 2026 PEA mine plan is designed as stand-alone to the PFS, with a potential overlap of initial capital cost of $17M (e.g., grid power, offices);
Average LOM operating cash costs of $1,351/oz AuEq, and all in sustaining costs (“AISC”) of $2,019/oz AuEq or Average LOM operating cash costs of $16.05/oz AgEq, and AISC of $23.98/oz AgEq;
Average annual production of approximately 2.3 million AgEq oz or 27.8 thousand AuEq oz, consisting of 2.1 million silver ounces and 8.0 thousand gold ounces (refer to Table 10 footnotes for conversion to Eq ozs); and
PEA Study of the Southern Veins does not include the 38 million ounces AgEq contained in the Northern Veins (see details in updated Mineral Resource Estimate below).
We also go on to unpack all the #exploration upside still at surface, in the underground, and along the district-scale mineralized trend of a number of historic past-producing mines that will have drill programs for many years into the future.
If you have any follow up questions for Glenn regarding Silver Tiger Metals, then please email them into me at Shad@kereport.com.
In full disclosure, Shad is a shareholder of Silver Tiger Metals 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 Silver Tiger Metals
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.
7 days ago
7 days ago
In this company update, we sit down with Mike Burke, Director and Vice President of Corporate Development at Sitka Gold (TSX.V:SIG | OTCQB:SITKF | Frankfurt:1RF), to recap a transformative 2025 and look ahead to an even larger 2026 drill program.
Key discussion points include:
2025 Resource Growth at Blackjack - Resource expansion to over 2 million ounces of gold across indicated and inferred categories, with improving grades and strong market response.
Rhosgobel Discovery & Expansion - Over 12,000 meters drilled, nearly 1 km of mineralized strike defined, surface exposure, and significant gold-tungsten association.
New High-Grade Zones Identified - Early-stage but encouraging results from Bear Paw, Contact, and Pukelman zones, demonstrating the broader potential of the RC Gold system.
Aggressive 2026 Drill Program - Plans for ~60,000 meters of drilling aimed at defining scale, supporting new resource estimates, and advancing toward economic studies.
De-Risking the Project - Ongoing metallurgical testing, environmental baseline work, and infrastructure advantages that support long-term development.
If you have any follow up questions for Mike please email me at Fleck@kereport.com.
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 Substack - 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.
7 days ago
7 days ago
In this KE Report company update, we’re joined by Tara Christie, President & CEO of Banyan Gold, alongside Duncan MacKay, Vice President of Exploration, to break down the company’s growing silver discovery at the AurMac Gold Project in Yukon.
Banyan Gold is best known for its large-scale gold asset, with over 7.7 million ounces of gold (indicated + inferred) already defined at AurMac. Recent drilling has now uncovered high-grade silver mineralization, introducing a potential new value driver layered on top of the existing gold resource.
If you have any follow up questions for Tara please email me at Fleck@kereport.com.
Click here to visit the Banyan Gold website - https://banyangold.com/
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For more market commentary & interview summaries, subscribe to our Substacks: https://kereport.substack.com/ 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.
Tuesday Jan 20, 2026
Tuesday Jan 20, 2026
Dan Barnholden, CEO of Luca Mining (TSX.V:LUCA – OTCQX:LUCMF – FSE:TSGA), joins me to review their Q4 and full-year 2025 operations and key financial metrics, further debt repayment, ongoing metallurgical studies and development work, and expanded exploration programs moving into 2026. He provides insights on key upcoming growth initiatives through improving grades and better precious metals recoveries across both of Luca’s producing assets – the Campo Morado and Tahuehueto mines, located in the prolific Sierra Madre mineralized belt in Mexico.
For the full calendar year 2025, Luca delivered total payable production within or above revised guidance ranges for gold, silver, zinc, copper and lead across its two operating mines in Mexico (as broken out by each metal at each mine in the news released Jan. 19, 2026). Production reflected stable operations at Campo Morado and the continued ramp-up of underground mining and processing activities at Tahuehueto. The company is also engaged in ongoing metallurgical testing to improve recovery rates and future payability for their 5 metals, and 3 concentrates; with an emphasis on gold and silver recoveries.
As of December 31, 2025, Luca increased its cash position to approximately $25.5 million, compared to $15.9 million at the end of the third quarter of 2025 and $10.2 million at December 31, 2024, the increase in the quarter driven by free cash flow from operations. During 2025, the Company also repaid $10.1 million of debt, reducing outstanding principal to $2.5 million at year end, with the remaining balance expected to be fully repaid by mid-2026.
Dan goes on to highlight both the expanded CAD$25Million exploration program, with both underground drilling and surface drilling going on at Campo Morado and Tahuehueto, in the first meaningful drill campaign in over a decade.
The exploration work at Campo Morado has been targeting new high-grade gold and silver areas at the Reforma zone. This drill will be ongoing, but is highlighting broad intercepts that will be amenable to bulk mining methods, lower costs and improving efficiencies.
Surface drillhole CMRF25-13 intersected 25.1 metres ("m") of 8.31 g/t AuEq**, including 4.9 m of 11.32 g/t AuEq
Surface drillhole CMRF25-15 returned 55.8 m of 5.90 g/t AuEq, including 7.7 m of 10.09 g/t AuEq
New underground and surface diamond drilling results from its ongoing exploration programs at the Tahuehueto gold-silver mine have been focused on the other side of the mountain at the Santiago Deposit.
This has successfully extended high-grade gold mineralization by more than 100 metres along strike toward the west, in the direction of the producing Perdido vein, located approximately 600 metres away.
Dan mentioned the working thesis that these two vein areas of similar mineralization getting closer together may end demonstrating that it is all one larger vein system going through the entire mountain.
There is also a concerted effort to expand mineralization and extend the mine life for both projects.
Click here to follow the latest news from Luca Mining
If you have any question for Dan regarding Luca Mining, then please email those into me at Shad@kereport.com.
In full disclosure Shad is a shareholder of Luca Mining at the time of this recording and may choose to buy or sell shares at any time.
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.
Tuesday Jan 20, 2026
Tuesday Jan 20, 2026
Today on the KE Report Daily Editorial (Tuesday, January 20), we’re joined by Craig Hemke, founder and editor of TF Metals Report, for a wide-ranging conversation on the powerful precious metals rally and the macro forces he believes could shape 2026.
Gold and silver continue to surge, with gold pressing higher and silver rapidly approaching the psychologically important $100 level after a dramatic run from late-2025 lows. Craig breaks down why this move looks different from past spikes, what market structure signals are flashing beneath the surface, and where global pricing power may be shifting.
Click here to visit Craig’s website - TF Metals Report - https://www.tfmetalsreport.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.
Tuesday Jan 20, 2026
Tuesday Jan 20, 2026
In this company update, we reconnect with Alistair Waddell, President & CEO of Inflection Resources (CSE:AUCU - OTCQB:AUCUF), to break down the company’s latest exploration results from Australia. The discussion centers on a new high-grade gold discovery at the Trangie Project, which is being advanced in partnership with AngloGold Ashanti, along with updates on several 100%-owned exploration targets that are moving toward drill testing.
Key topics covered include:
New High-Grade Gold Discovery at Trangie - A first-pass drill hole into a blind target intersected nearly 8 g/t gold over 3 meters.
Skarn Mineralization & Porphyry Upside - Discussion of the skarn-style gold mineralization and its significance as a potential vector toward larger porphyry systems, which remain the company’s primary exploration focus.
Large-Scale Air-core Drilling Program - An 83-hole air-core program is starting, acting as a broad geochemical survey to systematically vector toward priority targets across the ~15 km² project area.
100% Owned Projects & Upcoming Drill Plans - Updates on several fully owned copper-gold targets outside the joint venture, offering additional upside through low-cost air core drilling and potential future partnerships.
Funding, Budgets & Partner Support - AngloGold Ashanti continues to fully fund exploration at Trangie, while Inflection Resources maintains flexibility to advance its owned assets independently.
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/
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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 ho
Tuesday Jan 20, 2026
Tuesday Jan 20, 2026
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review the value proposition that caught his attention in the news from 1 advanced developer expediting the move into production, along with 2 earlier-stage gold and copper exploration companies; both going after drill targets on large potential Tier-1 deposits that would be of interest to senior producers if discoveries are made.
>> The companies we discussed in the interview are:
Montage Gold Corp. (TSX: MAU, OTCQX: MAUTF) – On Jan. 19, 2026, Montage announced that rapid construction progress continues to be made at its Koné project, in Côte d’Ivoire; where the first gold pour through the oxide circuit is now anticipated, ahead of schedule in late Q4-2026.
Inflection Resources Ltd. (CSE: AUCU) (OTCQB: AUCUF) – On January 19, 2026 Inflection provided an update on drilling completed in New South Wales, Australia under the Exploration Agreement with AngloGold Ashanti Australia Ltd. High-grade gold was intersected in a new standalone target area within the Trangie district. Drill hole TRNDH032 returned 3.0 metres grading 7.72 g/t gold from skarn-style alteration. 83 air-core drill holes are planned to commence on the Trangie project in February to follow-up on the recent intercept in hole TRNDH032 and earlier porphyry gold-copper mineralisation intersected in hole TRNDH023; and
K2 Gold Corporation (TSXV: KTO) (OTCQB: KTGDF) – On January 19, 2026) K2 Gold announced its plan to commence drilling at the Company's Si2 Project, located near Tonopah, Nevada, on or about January 21, 2026. The drill program will test a series of high-priority structural and geochemical targets generated through comprehensive geological studies completed in 2025, along with recently acquired geophysical information, including fluid-inclusion analysis, alteration mineralogy, age dating, an integrated structural interpretation, and IP survey. These studies collectively indicate that Si2 represents the upper levels of a large, intact low-sulphidation epithermal system, and the drill program is fully funded and will consist of up to 2000 metres over 4-6 drill holes.
* In full disclosure, some companies mentioned by Erik in this interview, are positions held in his personal portfolio, and also may be site sponsors of The Hedgeless Horseman website at the time of this recording.
Click here to follow Erik’s analysis over at The Hedgeless Horseman website
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.