The KE Report

The KE Report provides exclusive interviews with fund managers, newsletter writers, technical and fundamental analysts along with sub $10 billion market cap stocks. Interviews are published daily to help investors navigate the markets.

Episodes

Nov 24, 2025

17 min

Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review the dichotomy between gold and silver stock fundamentals versus market reactions based on investor sentiment; which is oscillating quite a bit in both directions over the last 2 months.
 
We review how the sentiment and investor reaction towards company financings has changed a great deal over the last few months.  Now upsized financings, like the one we saw announced for Silver Viper Minerals Corp. (TSXV: VIPR) (OTCQB: VIPRF) for $15 million, are having positive reactions after the news is released; instead of it being a reason to sell the stock down.  
Erik points out that now investors are more hesitant to just sit on the sidelines, because they see the risk being to the upside if the upsized capital raised can then lead to further news and value creation from the company.
 
Next we discussed what kinds of other resource sector news is getting the best reactions or most traction from the market, from fundamental milestones to merger and acquisition transactions.  Erik highlights that he often likes to search for sector news that may still be impactful for juniors that  he is positioned in, even if the news is not directly associated with a given company.
 
He highlights the news out today from Hecla Mining (NYSE: HL) focused on exploration at their Midas Project as potentially also beneficial to Headwater Gold Inc. (CSE: HWG) (OTCQB: HWAUF) exploring nearby in their JV with Newmont Gold.
 
“Hecla Mining Company today announced exploration results from its Midas Project in Nevada, where initial drilling of the previously untested two mile long Pogo Trend has discovered high-grade gold mineralization with visible gold on a new structure. Exploration success at the Midas gold-silver project in Nevada is validating the potential to restart operations at significantly lower capital intensity than comparable development projects, given the existing permitted 1,200 tpd mill and permitted tailings storage facility that remains substantially empty. With the foundational infrastructure already in place and permitted, Nevada's supportive regulatory environment could facilitate timely permitting of additional requirements, positioning Midas as a low-capital-cost opportunity to expand the Company's production profile in a world-class mining district. The Company also reported the advancement of Aurora exploration permitting to FAST-41 Transparency status.”
 
* In full disclosure, the 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 visit Erik’s site – The Hedgeless Horseman
 
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.

Nov 24, 2025

30 min

Terry Harbort, President and CEO of Talisker Resources (TSX: TSK) (OTCQX:TSKFF), joins me for an operations update at the Mustang Mine, and to review the November 10th announcing the signing of binding terms for an Ore Purchase Agreement with Ocean Partners UK Ltd for up to 1,500 tonnes per day (tpd), including a US$25 million revolving credit facility for use develing their 100% owned Bralorne Gold Project in British Columbia.
 
The Company has confirmed with Ocean Partners that it will begin shipping gold bearing material in January 2026. A 60-day notice of termination of the milling agreement with Nicola Mining Inc. has occurred, but ore will be shipped to the Craigmont Mill through year end.
 
Production at the Mustang mine has been sourced mostly from in-vein development from the 1090, 1105 and 1120 levels and production stoping from the stopes between the 1060 and 1075 levels. Planned production in the fourth quarter 2025 will be sourced from stopes between the 1075 and 1090 and the 1090 and 1020 levels. Terry also reviews their operations team’s accelerated development of the Lower Mustang decline which will allow access to the 1045 and 1030 levels below currently accessible areas.
 
We review as things continue ramping up, how the amount of ore mined will move from 250-300 tpd at present expanding up to 500 tpd next year. Then the plan is to increase mining from more areas including from Bralorne West to increase operations to 750-1,000 tpd about 2 years out. Then further out the initiative is to put in a second portal into the historic Pioneer mining area to access the Olympus Mine to the southeast of the Mustang Mine, moving throughput up to the eventual target of 1,500 tpd.
 
Additionally, we explore how the process will being upgrading the ore on site utilizing ore-sorting technology beginning next year. This ore-sorting will allow for shipping higher-grade material, with less associated waste, making it even more economical to be shipped to Ocean Partners.
 
Updated resources and an economic study will be released over the next few months, outlining some of these concepts in more detail. Wrapping up we discuss the key milestones and news on tap for the balance of this year and heading into the first half of 2026.
 
 
If you have any follow up questions for Terry regarding Talisker Resources, then please email me at Shad@kereport.com.
 
Click here to follow the latest news from Talisker 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.
 

Nov 24, 2025

17 min

Ali Haji, CEO of American Tungsten Corp. (CSE: TUNG) (OTCQB: TUNGF) (FSE: RK90), joins me to for a financial and operations update on all the exploration, development, and rehabilitation initiatives underway; focused on bringing onshore tungsten mining and production capabilities to the United States through its derisked past-producing IMA Mine in Idaho.  We also review the recent news of an LOI signed with the US Export Import Bank to fund a processing plant onsite and the development pathway back into production by late 2026. 
 
We start off discussing the strategic importance of this tungsten – molybdenum – silver project, and the advantages of being on patented mining claims in Idaho and the infrastructure advantages of a past-producing brownfield site at the IMA Mine.  Their team has been quite busy with ongoing development, rehabilitation, and derisking work at both the D Level and Zero Level at the Project. The next phase of diamond drilling exploration program is set to commence the end of November and will run into Q1 2026.
 
D Level Progress
 
Excavation of the access crosscut to the diamond drill stations on D Level continues and is now ~54% complete (~100ft.) with ~86ft. of excavation remaining - it is expected that the 1st diamond drill station will be reached by the end of next week;
The drill rig and power packs are on site and will be mobilized underground once the drill station is expanded and bolted;
In parallel, development of the access drift will continue towards the 2nd and 3rd diamond drill stations; and
All work at the D Level continues to be "double shifted" by the Contractor to expedite the timeline of the Phase 1 drill program.
 
Zero Level Progress
 
Rehabilitation of the Zero Level continues, and it is estimated that the remaining visible debris area will be cleared by the end of next week;
This will allow access to previously rehabilitated areas on the zero level, including new drifts around unstable areas developed by 1970s operations;
At this time, American Tungsten will be able to assess what, if any, additional rehabilitation at the Zero Level may be needed to support drilling from the zero level; and
Additional work staff have been secured by the Contractor to ensure that the work progress at the Zero Level is being performed in parallel with work progress at the D Level.
 
The upcoming Phase 2 drill program to expand the known tungsten, molybdenum, and silver mineral resources will be utilized for an updated Resource Estimate, and the upcoming Preliminary Economic Assessment (PEA) in early 2026. The Company will also be conducting a trial mining and bulk sample exercise, more metallurgical tests, and is now working towards the construction decision on a processing plant on-site; which is a substantial change and upgrade to the previously envisioned direct ship ore (DSO) business model.
 
Next, we discussed the news from November 6th which announced that American Tungsten has received a letter of interest from the US Export-Import Bank (EXIM) for a loan worth up to US$25.5 million, to potentially fund the mining development and milling facilities associated with the Company's IMA Tungsten Mine in Patterson, Idaho.   Ali points out that in concert with their recent capital raise for $18 million, closed on October 31st, that the company is fully funded for all upcoming rehabilitation workstreams, drill programs, economic studies, and pathway to get IMA back into production by late 2026.
 
We also reiterated the importance of the Letter of Intent (“LOI”), signed back on September 20th, with a prominent U.S-based offtake partner, Global Tungsten & Powders (“GTP”). Ali highlights that their agreement with GTP marks a pivotal milestone in their emergence as a leading domestic supplier of high-grade tungsten, now vetted by one of the largest tungsten processors in the world. This LOI not only affirms the robust market demand for more domestic supplies of tungsten, but also reflects the deep confidence their partners have in their technical capabilities and long-term vision to move from development into near-term production.
 
Ali outlined the number of additions to their management team, board of directors, and technical advisors over the last few months, and reiterated that they are continuing to work closely with government agencies to build partnerships seeking to secure key strategic partnerships and non-dilutive financing with the U.S. Department of Defense,  Department of Energy, and Defense Advanced Research Projects Agency.
 
This brought up the critical and strategic nature of tungsten as a defense metal, where the majority of tungsten supply is controlled by China, and why the US government is keen to develop supply chains outside of China which has placed export controls on this metal, and many other critical minerals.  Tungsten is a necessary component in a wide array of defense applications, including but not limited to the production of ammunition, armored equipment, artillery, and space exploration.  The recent media narrative around rare earth elements has inadvertently become co-mingled with completely separate critical minerals like tungsten or antimony and this has disproportionately weighed on the valuation in some critical minerals stocks, that are actually unrelated and have their own unique markets and fundamentals.  The export bans out of China with regards to some of these other critical minerals sectors are not part of the 1 year truce between the US and China, and have actually intensified.  
 
 
If you have any questions for Ali regarding American Tungsten, then please email those into me at Shad@kereport.com.
 
In full disclosure, Shad is a shareholder of American Tungsten 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.

Nov 24, 2025

20 min

TG Watkins, Director of Stocks at Simpler Trading and editor of the Profit Pilot service, joins the KE Report to break down the market pullback, crypto’s sharp reversal, and where he’s positioning into year-end.
AI repricing & Fed shift - Why stretched AI leaders and rising rate-cut odds triggered a broad reset across markets.
Small caps & oversold setups - How TG identifies when downside risk is exhausted and where buyers may re-engage.
Crypto liquidation wave - What drove the waterfall moves in BTC, ETH, MSTR, and why prices may now be approaching “on sale” levels.
Options flows, leverage & volatility - How MSTR options, 0DTE flows, and leveraged ETFs can amplify both rallies and selloffs.
Biotech strength & new trade ideas - LABU, XBI momentum, and relative-strength names like UPWK that held up during the correction.
Avoiding falling knives - TG’s “first move vs. second move” method for confirming turns instead of guessing bottoms.
Stocks & symbols mentioned: NVDA, SPX, MSTR, BTC, ETH, SOL, XRP, LABU, XBI, UPWK, TSLL, SOXL, BMNR.
 
Click here to visit TG’s site - Profit Pilot
 
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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. 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.

Nov 24, 2025

14 min

In this KE Report company update, Alain Lambert, CEO of Prismo Metals (CSE:PRIZ - OTCQB:PMOMF - FSE:7KU) joins us to outline key exploration progress across the company’s Arizona portfolio and provide context on the recently closed $1.7M+ financing.
We focus first on the Silver Kings Project, where new sampling, geophysics, and target definition support an upcoming 2,000m, two-phase drill program - the first drilling on the historic mine in nearly 100 years.
Key Discussion Highlights:
Silver Kings Drill Program: Two phases of 1,000m each targeting unmined zones near the historic Silver King Mine plus new vein and porphyry-style targets identified this year.
Permitting & Funding: Final Forest Service review underway. The full 2,000m program is funded from the recent financing.
Ripsey Mine: High-grade gold results under a very low-cost option; additional surface work expected next year.
Hot Breccia Copper Project: Large porphyry target with interest from major and mid-tier groups; renegotiated option provides more time for partnership discussions.
Click here to visit the Prismo Metals website 
 
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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.

Nov 24, 2025

35 min

In this special pre-market editorial, we’re joined by Rick Bensignor, President of Bensignor Investment Strategies and publisher of the Supposedly Irrelevant Factors institutional newsletter. Rick also runs the In The Know Trader platform, offering the Tactical Trader Report and Daily Tip Sheet for active investors.
Rick breaks down how his models identified the recent market top, why sentiment feels far more bearish than positioning suggests, and the price levels he’s watching to determine whether this pullback deepens or stabilizes. He also shares his outlook on AI names, Bitcoin’s sharp correction, precious metals resilience, and where miners, energy, and natural gas fit into the broader risk picture.
Key Discussion Points
Recent market top & downside targets - How Rick used DIA and SPX levels to call for a 5–8% pullback.
Sentiment vs. data - Why headlines sound bleak, yet investor polls remain closer to neutral.
AI shakeout before another major rally - What a true “washout” would look like and why Rick expects another powerful upside leg.
Bitcoin, gold & miners - BTC as a risk gauge, gold as the steadier hedge, and why GDX may still see volatility.
Energy & natural gas - Oil’s long downtrend and how Rick is trading nat gas after buying near the lows.
Stocks/ETFs Mentioned: DIA, SPY, QQQ, IWM, SLV, GDX, XLY, XLC, XLK, XLE, Bitcoin, gold, silver, crude oil, natural gas.
 
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 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.

Nov 23, 2025

18 min

Brad Rourke, CEO and Director of Scottie Resources (TSX.V:SCOT – OTCQB:SCTSF), joins me to share his key takeaways after just marketing at 3 European conferences, the 2025 AME award just announced for Thomas Mumford, President of Scottie Resources, and a review of recent Company news.  We get into recent exploration results, an update on the bulk sample progress, details of the recent capital raise, and a review of all the feasibility-level workstreams underway at the Scottie Gold Mine Project; located in the Golden Triangle of British Columbia.
 
After attending the New Orleans Investment Conference earlier this month, Brad marketed at conferences in Zurich, Frankfurt, and London, and came away quite encouraged. Overall, there appears to be a shift taking place at a number of these conferences with regards to the quality and sincerity of engagement from retail and institutional attendees.
 
Scottie Resource was notified last week that company President, Thomas Mumford, will be the recipient of one of the AME Awards, to be presented on January 28, 2026 at the Vancouver Convention Centre West. Thomas Mumford is the recipient of the 2025 AME H.H. "Spud" Huestis Award for excellence in prospecting and mineral exploration in B.C. and/or Yukon for his leadership in the discovery of Scottie Resources' Blueberry Contact Zone in Northwest B.C.   Brad highlights how proud their team is of Thomas, and believe this illustrates the quality and sector significance of the growing deposit at the Blueberry Contact Zone.
 
Next we discussed some recent drill results, including 8.28 g/t Gold over 22.35 m at P-Zone at Scottie Gold Mine Project.   This is a newer area of mineralized discovery, but Brad outlines that the majority of the 27,000 meters drilled in the 2025 exploration program were infill holes with the purpose of tightening the spacing between prior holes drilled, and upgrading categories from inferred to measured and indicated.   This is important as the company moves towards a Feasibility Study, and Brad highlights other permitting and engineering workstreams building towards that next economic report.
 
We then touched on the completed10,000-tonne surface bulk sample program where that mineralized material was sourced from the outcropping Bend Vein located on the north end of the Scottie Gold Mine Project. The crushing and transportation of this material has been completed moving many truckloads of material down the Granduc road to the Stewart bulk shipping facility without any concerns or challenges. The ship has been ordered to take this material to China in early December over to their offtake party, Ocean Partners. This bulk sample will be quite a valuable proof-of-concept on the Project, informing the company and investors on average grade, recovery amounts, as well as bringing in non-dilutive capital.
 
Wrapping up we discussed the news releases November 17th, which announced a non-brokered financing of up to 10,981,308 charitable flow-through shares of the Company at a price of $2.14 per Charity FT Share for gross proceeds of up to $23.5 Million. When this is combined with the roughly $10million in funds on the company treasury, and the upcoming payment on the bulk sample material, the company is more than cashed up for the upcoming work initiatives for next year. *
 
 
If you have any questions for Brad regarding Scottie Resources, then please email them in to me at Shad@kereport.com.
 
In full disclosure, Shad is a shareholder of Scottie 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 Scottie 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.
 
 

Nov 22, 2025

51 min

On this Weekend Show, Tavi Costa and Dan Steffens walk through where they see real value today: high-quality junior precious and base metal names positioned for M&A, and a structurally tightening energy market led by natural gas and overlooked oil producers. It’s a big-picture roadmap for investors who want to own the next leg of the resource bull market.
 
Segment 1 & 2 - Tavi Costa, Partner at Crescat Capital, joins us to share his big-picture outlook on where he sees the best value in the resource space, from junior precious-metal explorers and the majors’ slow approach to M&A, to his growing conviction in copper, zinc, and energy (oil and gas) as both key opportunities and a hedge for mining investors.
Click here to visit the Crescat Capital website 
The opinions and information shared by Tavi in this discussion are his own, and not necessarily those of Crescat. Any investments discussed may or may not be held by Crescat. Investments carry risk including risk of loss.
 
Segment 3 & 4 - Dan Steffens, President of the Energy Prospectus Group, wraps up the show sharing his bullish outlook on natural gas driven by winter weather, rising LNG exports, and growing power demand, while also outlining why he believes oil fundamentals remain tighter than current prices suggest and where he sees the best opportunities in oil and gas equities amid an active M&A environment.
Click here to visit the Energy Prospectus Group website for more energy market and stock analysis
 
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. 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 may own shares in companies mentioned.

Nov 21, 2025

20 min

Dan Barnholden, CEO of Luca Mining (TSX.V:LUCA – OTCQX:LUCMF – FSE:TSGA), joins us to review their Q3 operations and key financial metrics, further debt repayment, ongoing metallurgical studies and development work, expanded exploration programs.  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.
 
 Third Quarter 2025 Highlights
 
Safety: continued emphasis on safe, disciplined operations with strengthened housekeeping and visible leadership engagement across both sites.
Throughput increased: consolidated tonnes milled of 250,807 (+66% vs. prior year), supported by increased plant availability at both mines which has resulted in higher metal output:
Gold increased 51%, Silver increased 97%, Zinc increased 78%, Lead increased 81%, Copper increased 43% over Q3 2024.
Profitability indicators: Adjusted EBITDA of $4.3 million for the quarter and positive year-to-date adjusted net earnings of $12.8 million, a reflection of greater operational performance.
Revenue momentum: Revenues of $35.0 million (+94% vs. prior year), supported by higher sales volumes and increased realized precious-metal prices (gold +28%, silver +18%).
Campo Morado performance: production in Q3 improved year-over-year (+75% ZnEq pounds) on higher grades, notably zinc (+30%) and silver (+27%) and increased volumes (+43% tonnes milled per day). Cash costs decreased to $1.09 per payable ZnEq pound (-14% vs. prior year) with AISC of $1.43/lb slightly increased (+8%) from the same quarter in the prior period, reflecting increased sustaining capital development and the commencement of a significant exploration program at the mine (all of the Company’s exploration expenditures are included in AISC).
Tahuehueto ramp-up: 77,548 tonnes milled, setting a record of 969 tonnes milled per day in the quarter (+187% vs. prior year), with AuEq production up 74% year-over-year. As a result of increased volumes, direct cost per tonne reduced to $149 (-22%). Lower grades in the quarter, as well as increased capital development and exploration, resulted in an increase in AISC (+35%) year-over-year. Increased grades and the benefit of this capital development are expected to decrease AISC at Tahuehueto in the subsequent periods.
Investment for reliability: sustaining capital investment of $8.7 million in the quarter ($19.0 million YTD) to accelerate underground development and exploration drilling, positioning both mines for improved grades and operating flexibility.
The Company made significant progress in exploration, with multiple high-grade intercepts at both operations.
Repaid $2.5 million in debt.
Operations going forward:  Both Tahuehueto and Campo Morado are expected to enter higher-grade areas which, combined with the strong milling rates observed at both mines, is expected to drive increased production, improved recoveries, and lower unit costs through year-end.
 
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. In addition to targeting new high-grade gold and silver areas, like the Reforma zone, there is also a concerted effort to expand mineralization and extend the mine life for both projects. The company is also engaged in ongoing metallurgical testing to improve recovery rates for their 5 metals, and 3 concentrates.
 
 
If you have any question for Dan regarding Luca Mining, then please email those into us at Fleck@kereport.com  or 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.
 
Click here to follow the latest news from Luca Mining
 
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.

Nov 21, 2025

18 min

In today’s KE Report Daily Editorial, Dana Lyons, Fund Manager and Editor of Lyons Share Pro, discusses his 40% Black Friday sale and why his market models have officially turned negative. Dana explains the recent breakdown in tech, mid-caps, and market breadth, plus how he’s shifting into a more defensive stance.
Key Discussion Highlights:
Models Turn Bearish: What flipped and why Lyons is hedging more aggressively.
Selling & Hedging: Taking profits in biotech, exiting uranium, hedging mid-caps and tech.
Volatility Playbook: Using VIX pullbacks to reload positions.
Correction Timing: Why this downturn may last weeks to a few months.
No Guaranteed Safe Havens: Gold, bonds, Bitcoin, dividend stocks - all require active risk management.
Market Mentions: SPX, NDX, VIX, biotech ETFs, uranium ETFs, gold miners.
Click here to take advantage of Dana’s Black Friday sale! - https://lyonssharepro.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.

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