The KE Report

We’re joined by TG Watkins, Director of Stocks at Simpler Trading and editor of Profit Pilot, for a deep dive into his current bull market playbook.
TG shares insights on how he’s positioning across multiple sectors during this risk-on environment and how traders can manage positions when stocks go vertical.
Key topics discussed:
Small-cap opportunities in a pro-growth, pro-business environment
Three ways to manage stocks that have gone parabolic: covered calls, profit-taking, and buying dips
Why market breadth is weakening despite indices pushing higher
How TG uses leveraged ETFs (SOXL, IONL, GDXU, NUGT) to capture big moves without options risk
Caution signs in precious metals equities and how to hedge with inverse ETFs (JDST, DUST)
Hot sectors right now: semiconductors, quantum computing, and TG’s top pick – drone stocks
Click here to visit TG’s site - Profit Pilot
 
Stocks/ETFs Mentioned: Tesla (TSLA), IonQ (IONQ), AMD (AMD), Nvidia (NVDA), Barrick Gold (B), GLD, SLV, GDX, SOXL, GDXU, NUGT, JDST, DUST, IONL
 
For more market commentary & interview summaries, subscribe to our Substacks:
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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 this KE Report company update, CEO Alain Lambert of Prismo Metals (CSE:PRIZ - OTCQB:PMOMF - FSE:7KU) provides details on the latest discovery at the Silver King Project in Arizona. The company has identified porphyry-style copper mineralization, adding a new dimension to its exploration plans.
 
Highlights from the discussion include:
New Porphyry Discovery: Surface work has outlined porphyry-style mineralization, comparable to the nearby historic Magma Mine and world-class Resolution Copper deposit.
Target Pipeline: Three distinct targets at Silver King:
Around the historic Silver King Mine (first drill priority).
Newly identified mineralized silver veins.
Porphyry-style copper mineralization (requires additional permits, expected in Phase 2).
Location Advantage: Silver King sits just 3 km from Resolution Copper, the world’s largest undeveloped copper deposit (JV between Rio Tinto & BHP).
Permitting & Timeline: Phase 1 drilling permits expected in the coming weeks; drilling anticipated before year-end. Phase 2 permits to follow for the porphyry target.
Next Catalysts: Results pending on 29 surface samples (expected late September) and an additional 15 samples. Plans underway to dewater the historic Silver King Mine for future exploration.
Click here to visit the Prismo Metals 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.

Rick Bensignor, President of Bensignor Investment Strategies and editor of Supposedly Irrelevant Factors, joins us to discuss practical trading strategies for persistent bull markets across U.S. equities, precious metals, and select international markets. We focus on how to manage winners without getting shaken out by every “it’s overbought” headline.
Key takeaways
Separate long-term holdings from tactical trades.
Trim or hedge positions at technical targets instead of selling outright.
Spotting exhaustion signals at highs with tools like DeMark counts.
Case studies: trimming $TSLA, $INTC, $PAAS; tactical put spreads in $GLD.
Why most investors should limit trading to 10-15% of assets and let ETFs ($SPY, $QQQ, $DIA) compound long term.
 
Stocks & ETFs mentioned
SPY, QQQ, DIA, TSLA, PAAS, SLV, GLD, GDX, INTC, NVDA, PFE.
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.

This week The KE Report Weekend Show dives into two hot topics: Cory and Shad’s takeaways from the Beaver Creek Precious Metals Summit, and Mike Larson’s insights on Fed policy and sector leadership. Both conversations point to one conclusion: we’re in a bull market for stocks and metals… but are we mid-game or late innings?
Segment 1 & 2 - Replay of the first ever KER QuickTake (posted Monday). Cory and Shad recap the sentiment at the Beaver Creek Precious Metals Summit. An overwhelmingly bullish sentiment - family offices and funds returning, investor meetings up, juniors bifurcating (fast-tracking developers vs. idle laggards), warrants flowing in, gold’s breakout sustaining momentum, and likely rotations toward copper/uranium/critical minerals while watching breadth, timelines, and potential M&A.
 
Segment 3 & 4 - Mike Larson, Editor-in-Chief at MoneyShow, joins us to unpack the Fed’s 25 bp cut and dot plot, a steepening yield curve and weakening dollar, and why he favors metals (gold/silver), small & micro caps, and financials. He also highlights the AI-driven capex boom (benefiting utilities/data centers), mining leadership in MoneyShow’s “Best Of” picks with momentum spreading to copper/platinum, policy tailwinds for critical minerals, and crypto’s growing institutionalization.
Click here to find out about the upcoming MoneyShow conferences
 
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.

In this KE Report update we’re joined by Tara Christie, President & CEO of Banyan Gold (TSX.V: BYN - OTCQB: BYAGF), for a company update on the AurMac Project in Yukon.
In this interview, Tara recaps:
Recent drill results (Sept 4 & Sept 15) including highlights of 1.44 g/t Au over 33.2m and 1.85 g/t Au over 27m.
Ongoing drilling between the Airstrip and Powerline deposits and how results could connect the two.
Expansion of the program from 30,000m to 40,000m with over 100 holes pending assays.
Demonstrated continuity of high-grade mineralization and potential conversion of prior waste areas into resource ounces.
Banyan’s move to 100% ownership of AurMac and decision to incorporate new drilling into an updated PEA expected in 2026.
Strong share price performance since July on huge volume.
With an existing 7.7Moz gold resource (2.3Moz indicated + 5.5Moz inferred), Banyan is focused on adding ounces above 1 g/t Au and advancing AurMac as a large-scale, mineable open-pit project.
 
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.

In this KE Report company update, we sit down with Mike Stark, President & CEO of Arizona Gold & Silver (TSX-V: AZS - OTCQB: AZASF) to discuss the company’s strongest drill results yet from the Philadelphia Project in Arizona.
Released on September 17th, the latest hole returned 9.05 g/t gold and 34 g/t silver over 20 meters from 320 meters downhole - the highest-grade and thickest mineralization intercepted on the project to date.
Key discussion points include:
Geological significance of the new intercept and the Perry Vein system.
How deeper drilling is confirming the Red Hill area as a potential heat source.
Current step-out drilling (holes 157–159) and expanded permitting to expand exploration area by 200 acres and 16 new drill pads.
Funding position with ~$2M recently raised, supporting drilling through 2026.
Exploration upside, including the underexplored southern strike extension and broader property package (only 3% of 3,300 acres tested).
Longer-term plans for new targets, including potential greenfield drilling and work at the Sycamore Canyon Project.
Click here to visit the Arizona Gold & Silver 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.

In today’s pre-market daily editorial, we’re joined by Joel Elconin, co-host of the PreMarket Prep Show. Click the link in the show notes to listen to Joel and his team for daily market conversations, as well as a link to the Stock Trader Network.
This week’s discussion centers around the Fed’s latest rate cut and updated dot plot, projecting two more cuts this year and one in 2026. Despite shifting policy, markets continue to grind higher toward all-time highs. 
 
Joel shares his perspective on:
The Fed’s decision and why markets keep shrugging off “bad” news.
The historical trend: markets rising after Fed cuts near highs.
Whether today’s rally is still concentrated in big tech or broadening across small caps, biotechs, gold, silver, and other sectors.
Key catalysts ahead: quad witching, Jewish holiday rotation, jobs and inflation data.
Why hedging remains limited even with volatility upticks.
A closer look at Intel (INTC) following U.S. government backing and Nvidia’s $5B stake.
Joel also outlines his simple but disciplined approach to market levels, why he’s not placing resistance targets, and what could derail this momentum heading into Q4.
 
Stocks discussed:
Intel (INTC)
Nvidia (NVDA)
Broader small-cap (IWM), biotech, and precious metals trends
Click here to visit Joel’s PreMarket Prep website.
Click here to visit the Stock Trader Network.
 
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.

Dan Barnholden, CEO of Luca Mining (TSX.V:LUCA – OTCQX:LUCMF – FSE:TSGA), joins us to review their Q2 operations and key financial metrics, the further debt repayment, ongoing metallurgical work, 4 separate exploration programs, and provides insights on key upcoming catalysts across both of Luca’s producing assets – the Tahuehueto and Campo Morado mines, located in the prolific Sierra Madre mineralized belt in Mexico. 
 
Second Quarter Highlights
Gold equivalent production totaled 17,861 ounces in Q2 2025, up 28% compared to Q2 2024, and 39,154 ounces in H1 2025, supported by continued ramp-up at Tahuehueto, strong base metals output, and strong plant availability at Campo Morado.
Tahuehueto advanced operationally, maintaining over 90% plant utilization in the quarter while increasing tonnes milled by 104% year over year to 72,396, underscoring continued ramp-up progress and plant reliability.
Throughput momentum continued as well in the quarter, with a 65% increase in consolidated tonnes milled to 253,717; Campo Morado milled 181,320 tonnes (+54%), an average of 2,133 tonnes per day, while Tahuehueto more than doubled output, averaging 905 tonnes per day in the quarter, compared to the same period in the prior year.
Gold production reached 6,622 ounces, up 55% from Q2 2024, supported by stable recoveries at Tahuehueto and steady plant operations despite lower mined grades.
Campo Morado set a new benchmark with 98.7% grinding availability, its highest of the year, and delivered 11,106 gold-equivalent ounces—supported by stronger zinc and copper grades.
Tahuehueto contributed 6,755 gold-equivalent ounces, a 44% increase year over year, and silver production rose 108% to 71,441 ounces, highlighting rising output from higher-grade zones.
Zinc, copper, and lead production rose 74%, 66%, and 49%, respectively, on a consolidated basis, benefiting from improved head grades, higher throughput, and processing efficiency across both sites.
Consolidated revenues more than doubled year-over-year to US$36.78 million driven by higher production volumes and improved realized prices across most metals, and delivered record revenue of US$75.4 million for the first half of the year..
Cash provided by operating activities totaled $12.61 million in Q2 2025, a substantial increase from $739,000 in Q2 2024, primarily driven by a 102% increase in revenues supported by higher gold-equivalent production (+28%) and improved realized prices. Strong throughput growth at both operations, particularly a 104% increase in tonnes milled at Tahuehueto and 98.7% grinding availability at Campo Morado, contributed to enhanced cash generation.
Adjusted net earnings totaled $3.26 million in Q2 2025, a step in the right direction from a near break-even result in Q2 2024. The turnaround reflects improved operational profitability, stronger metal sales, and disciplined cost management, offsetting non-cash and non-recurring items that impacted the reported net loss.
Positive adjusted EBITDA of US$5.8 million in Q2 2025 (Q2 2024 – positive adjusted EBITDA of $4,166), with US$18.2 million generated in the first half of the year; supported by increased sales across gold, zinc, and copper, as well as improved operating margins.
For the year ahead, the Company anticipates producing between 85,000 and 100,000 gold equivalent ounces with payable ounces ranging between 65,000 and 80,000. The Company expects to generate between US$30 million and US$40 million in free cash flow before working capital adjustments for the year, reflecting the strength of its core mining operations.
 
Dan goes on to highlight both the underground drilling and surface drilling going on at Campo Morado and Tahuehueto, with essentially 4 exploration programs, and the first meaningful drilling in over a decade. In addition to targeting new high-grade gold and silver areas, there is 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
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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/

In this daily editorial, we welcome back Jeff Christian, Managing Partner at CPM Group, for his monthly update on the precious metals sector. With gold and silver recently breaking out to multi-year highs, Jeff provides valuable context on the market drivers, technical considerations, and the broader macroeconomic environment.
Discussion Highlights:
Gold outlook: After breaking above $3,700, Jeff shares why near-term pullbacks are possible but believes the upside potential toward $3,800-$4,000 remains strong into late 2024 and early 2025.
Pullbacks vs. peaks: How a 10-20% correction could unfold, and why robust investor demand likely supports prices well above prior record levels.
Interest rates & gold: Why the traditional “higher rates = bad for gold” narrative doesn’t hold up under data.
Equities & gold: How gold can act as a diversifier, even while equity markets remain elevated.
Silver outlook: Support above $40, with potential to reach $44-$48 in Q4 and possibly $50 in 2025 as investor selling abates and new buyers enter the market.
Longer-term view: Gold and silver prices could extend gains into 2026-27, with risks and uncertainty continuing to drive investment flows.
Click here to visit the CPM Group website to learn more about the firm.
 
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.

Rob Eckford, CEO of Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC), joins me to introduce the value proposition and current work programs at their 2 district-scale gold exploration projects in New Zealand.
 
Rob starts off by highlighting that their team, that has developed, constructed, and run mines in Burkina Faso and Colombia, but then decided to focus on New Zealand a handful of years ago; eventually leading to the company going from private to publicly listed in 2024.   They’ve consolidated the land over 2 large land packages prospective for high-grade gold on both the North Island and South Island.
 
The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand's South Island with over 120,000 hectares of tenements, in a district that historically produced over 2Moz of gold grading between 9 and 50g/t.  The exploration team currently has 3 drills turning across the project, and anticipates an update to the Resource Estimate by year end.
 
The Company's Glamorgan Project solidifies Rua Gold's position as a leading high-grade gold explorer on New Zealand's North Island. This highly prospective project is located within the North Islands' Hauraki district, a region that has produced an impressive 15Moz of gold and 60Moz of silver. Glamorgan is adjacent to OceanaGold Corporation's biggest gold mining project, Wharekirauponga; north of their Waihi gold mine. After obtaining a permit later this year, drilling will commence across the Glamorgan Project.
 
Rob shares his background and the pedigree and experience of the management team and board of directors, and wraps us up with the capital share structure, key strategic investors, and financial strength of the Company to execute on its next initiatives.
 
If you have any questions for Rob regarding Rua Gold, then please email them into me at Shad@kereport.com.
 
Click here to follow the latest news from Rua Gold