The KE Report

Joel Elconin - Earnings Season And Gold Market Recap

Joel Elconin, Co-Host of the PreMarket Prep Show joins us to share his thoughts on the current state of the U.S. markets. 
 
We kick off by examining the recent volatility and choppiness in market performance, largely driven by unpredictable tariff news and the Trump administration's announcements. Joel explains the impact of sector rotation on market stability, using examples like the S&P 500 and the Mag 7 stocks. The conversation further explores the challenges of momentum and breakout trading. Joel shares his thoughts on recent earnings reports from major companies like Apple, Google, and Microsoft, noting a shift in market sentiment during this earnings season. 
 
We also discuss the appeal of safer investments like gold and the reasons behind its rising prices. 
 
Joel offers his take on the looming inflation concerns, driven by tariff-related trade wars, labor market disruptions, and government budgeting issues. He cites insights from economist Blue Putnam on the increased risk of a recession. As the show wraps up, we look ahead to potential market-moving events on the horizon.
 
Click here to visit Joel’s PreMarket Prep website.

Maple Gold Mines - 10,000 Meter Drill Program Underway At Douay Project, Quebec

Kiran Patankar, President and CEO of Maple Gold Mines (TSX-V: MGM - OTCQB: MGMLF - FSE: M3G) joins me to outline the exploration plans this year at the Company’s projects in Quebec. The largest program is underway at the Douay Project, including 10,000 meters of drilling. 
 
We discuss the Company's latest developments, including the now 100% ownership of the Douay and Joutel projects in Quebec's Abitibi Greenstone Belt, formerly partnered with Agnico Eagle. We delve into their recent $5.6 million fundraise, the start of a 10,000-meter drill program at the Douay Project, and plans for Joutel and other projects for 2025. 
 
Kiran elaborates on the Company’s strategy to expand and de-risk the Douay deposit, aiming to upgrade the current 3 million-ounce mineral resource estimate (indicated + inferred), and touches on the economic potential and future milestones. 
 
The discussion also covers potential drilling at Joutel and the Morris VMS Project.
 
Please email me your follow up questions for Kiran. My email address is Fleck@kereport.com. 
 
Click here to visit the Maple Gold Mines website to learn more about the Company.

Christopher Aaron – The Precious Metals Sector – This is It and IT IS NOW

Christopher Aaron, Founder of iGold Advisor and Senior Editor at the Gold Eagle website, joins me to review his medium to longer-term technical outlook on gold, silver, the precious metals stocks, and the Dow:Gold ratio.  Christopher lays out the sentiment and valuation indicators along with chart-based evidence that “This is it, and IT is now!”
 
We start off reviewing unique juxtaposition of factors that are setting up into the probabilistic opportunity of a generation for the final wave higher in the precious metals complex.  On one hand we have gold breaking out to new all-time highs again this week in dollar terms, after already breaking out in almost every other global currency, and then silver well back above the $30 level, back up above $32.  And yet, on the other hand, we have very low valuations in gold and silver equities versus the underlying metals on a historical basis, paired with weak to muted participation from investors on resource websites, when tracking the readership of articles, newsletter writer subscriptions, and when analyzing search engine data on gold and silver.  It is a glaring dichotomy.
 
We review 3 key charts to unpack this moment in history more clearly analyzing the data seen on the HUI:Gold ratio chart (looking as the senior gold miners versus gold), the DOW:Gold ratio chart (looking as the US equities versus gold), and the Canadian Venture Index pricing and volume.   We discuss the analog to the 15-month period of time between October 1978 – January 1980 when the last 10% of the move in the gold equated to 90% of the gains in gold and silver equities.   For this reason, Christopher has doubled his exposure to precious metals mining stocks over the last few weeks, and believes that “This is it, and IT is now.”
 
Click here to visit the iGold Advisor website to keep up with Christopher’s market commentary.
 
Click here to follow Christopher’s writing over at the Gold Eagle website

Dana Lyons - Technical Analysis On US Markets, Gold and Gold Stocks

Dana Lyons, Fund Manager and Editor of The Lyons Share Pro joins us to share his insights on the current state of the U.S. equity markets and the technical outlook on gold and gold stocks, with a focus on the ETF GDX. 
 
Dana shares insights on market trends, including the choppy movements influenced by politics and trade wars, the relative strength of large-cap growth, and the breadth within the tech sector. Additionally, Dana discusses market breadth, the potential for another upleg in the broader indexes, and individual sectors' opportunities. 
 
The discussion also covers the recent performance of precious metals, particularly gold, and the potential levels for GLD. Dana further analyzes the gold and silver equity markets' current standings and offers strategic trading advice.
 
If you would like to take advantage of the special Dana is running this week please email us or Click here to visit the Lyons Share Pro website.

Elemental Altus Royalties – Financial Strength, Key Royalty Partner Updates, Looking Ahead To Growth In 2025

Fred Bell, CEO of Elemental Altus Royalties (TSX.V:ELE) (OTCQX:ELEMF), joins us to review some of the key partner projects in their royalties portfolio, how things wrapped up in 2024, and we look ahead to where the growth will come from in 2025.
 
We have Fred break down the financial strength of the company, and the leverage to it’s balance sheet to rising GEO production in a higher metals price environment, their solid net cash position as a company, and a rough estimate of how revenues could grow in the year to come.  The fourth quarter will also be the first one to see the increased production from the assets acquired from AlphaStream Limited in September.
 
One of the key royalty assets is the 3% Net Smelter Return (“NSR”) royalty on the first 226,000 ounces of gold produced, and an uncapped 2% NSR thereafter, at the Korali-Sud (formerly Diba) project operated by Allied Gold Corporation  (TSX: AAUC). On January 27th Allied Gold announced approximately 48,000 ounces of gold was produced from Korali-Sud during Q4 20241, but it is likely that this will hit revenues in Q1 2025.
 
Next we got an update on two of the other cornerstone royalty assets, Karlawinda and Caserones, and their expansion potential in the year to come.  Additionally we got an update on Fireweed Metals Corp (TSXV: FWZ) being granted up to C$35.4 million in US and Canadian Government funding to advance its assets and supporting infrastructure at Macmillan Pass, including the Mactung Project, with which Elemental Altus holds an uncapped 4% Net Smelter Return (“NSR”) royalty on the tungsten.
 
We wrap up discussing the valuation and potential for a rerating, considering the financial health of the company, the net cash position allowing for a buildup of capital to deploy on the balance sheet in the year to come, as well as the $50 million revolving credit facility on tap to execute more accretive acquisition transactions.
 
If you have any follow up questions for Fred regarding Elemental Altus Royalties, then please email them in to us at Shad@kereport.com  or Fleck@kereport.com.
 
In full disclosure, Shad is a shareholder of Elemental Altus Royalties at the time of this recording and may chose to buy or sell shares at any point in time.
 
Click here to view recent news on the Elemental Altus Royalties website

Nick Hodge – Investment Themes In Gold, Silver, Platinum, and Palladium Resource Stocks

Nick Hodge, Co-Owner of Digest Publishing and editor of Foundational Profits and Hodge Family Office, joins us for a longer-format discussion on and the macro and micro themes that feed into investing in precious metals equities.  We cover gold, silver, platinum, and palladium stocks and Nick shares a number of stocks he is animated by in each category.
 
We start off with some higher-level observations on the recent market volatility from the Trump tariffs, DeepSeek impacts to the tech sector, and breakout to all-time highs in gold as investors diversify some out of the uncertainty. Within the gold and silver equities we note the expanded participation from the juniors, and discuss topics like jurisdiction, permitting, bringing in strategic partnerships at both the project and equity level, merger and acquisition transactions, and the revaluation of ounces in the ground.  Nick explains why it is finally the time to start considering quality silver, platinum, and palladium stocks at this point in the market and sentiment cycle.
 
Companies discussed in this interview are:  Banyan Gold Corp. (TSXV:BYN)(OTCQB:BYAGF), Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF), iShares MSCI Global Silver and Metals Miner ETF (NYSE: SLVP), MAG Silver Corp. (TSX / NYSE American: MAG), Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF), Impact Silver Corp. (TSXV: IPT) (OTCQB: ISVLF), Sibanye Stillwater Ltd (NYSE: SBSW), Chalice Mining Ltd (ASX: CHN), Bravo Mining Corp. (TSX.V: BRVO) (OTCQX: BRVMF), and Generation Mining Limited (TSX:GENM) (OTCQB: GENMF).
 
Click here to follow Nick’s analysis and publications over at Digest Publishing

Dryden Gold – 2025 Exploration Strategy At Elora, Big Master, Mud Lake, Mosher Bay, Sherridon, And Hyndman

Maura Kolb, President of Dryden Gold Corp (TSX.V: DRY) (OTCQB: DRYGF), joins me to outline the key 2025 exploration strategy and 15,000 meter drill program planned at the Elora, Big Master, Mud Lake, and Mosher Bay Areas of the Gold Rock Camp, plus ongoing work programs at both the Sherridon, and Hyndman areas across their Dryden Gold District, in Northwestern Ontario, Canada. 
 
We start off digging in to how this year’s exploration program will be stepping out and drilling deeper to test some of the successful near-surface high-grade drill results in the Gold Rock Camp from the Elora Gold System and Big Master areas from 2024.  Last year the exploration team was drilling from patented land, but they have applied to receive permits to move the drill pads up closer to the key target areas along the Elora trend. This vantage point for drilling will also allow the exploration team to drill deeper holes down to 300+ meters, which is important since this whole area is very similar to the deep Red Lake mineralization geologically. Additionally, getting these permits will allow them to put in some drill holes around the historic Elora-Jubilee Mine area, the Laurentian Mine area, and a compelling target midway between those 2 areas, which is on a perpendicular trend from prior high-grade drill results on the Big Master trends.   
 
We then took a look at some of the other regional targets on the Gold Rock Camp land package  like Mud Lake and Mosher Bay that the team is looking forward to doing more mapping, sampling, and targeting on for potential drilling in 2025.   Additionally, we widened the scope to discuss 2 other key areas of exploration focus on their district-scale land package, with surveys and field work vectoring on future drill targets at both the Sherridon and Hyndman areas of the Project.
 
If you have any questions for Maura regarding Dryden Gold, then please email me at Shad@kereport.com.
 
In full disclosure, Shad is a shareholder of Dryden Gold at the time of this recording.
 
Click here to follow the latest news from Dryden Gold

Valkea Resources - Gold Market Comments, Completed Maiden Drill Program At Panna Project, Finland

Chris Donaldson, President and CEO of Valkea Resources (TSX.V:OZ - OTCQB:OZBKF - FSE:S600) joins me to provide his insights on the better environment for smaller precious metals stocks and recap the completed maiden drill program at the Company’s Panna Project in Finland. 
We start with the recent developments in Finland's Lapland Gold Belt, where Valkea holds a portfolio of projects. The conversation covers the recent bounce in Valkea's stock alongside other companies such as Rupert Resources and Agnico Eagle both continuing to breakout. 
 
Chris then provides an overview of the recently completed company’s inaugural drill program at the Panna project, explaining the strategic focus on targeted, cost-effective exploration. Chris also discusses the timing for assay results from the drill campaign and the next steps for the company, emphasizing the importance of building the geological model.

Sean Brodrick – Taking Advantage Of The Volatility In Early 2025 In A.I., Semiconductors, Tech, Utilities, Uranium, Gold, And Silver Stocks

Sean Brodrick, Editor of Wealth Megatrends and contributing analyst to Weiss Ratings Daily, joins us to review some of the macro news moving the markets, and how he's positioning into the volatility we’ve seen over the last 2 weeks in AI stocks, utilities, uranium stocks, gold, silver, and precious metals stocks. There are sectors he is limiting exposure to while there are plenty of opportunities and sectors he believes will do well in 2025 in light of the Trump administration economic strategy with tariff and global trade policies.
 
We start off discussing how the DeepSeek AI platform news was a bit overhyped, and affected certain sectors in AI, semiconductors and chips, electric utilities, and the uranium stocks disproportionately. Sean feels many of those moves earlier last week were way overdone in a market overreaction, and notes why he is still bullish on businesses that could see enhancements through AI automation, and notes that we are still going to need a lot of electricity, and both natural gas and nuclear energy on a global basis.   Sean also noted that other segments of the market spread out into wider breadth despite the selloff in concentrated sectors, and that the equal-weighted index is outperform the more skewed weighted indexes lately.  
 
Wrapping up we note the future breakout in gold and silver prices, and that we are seeing more volume and pricing outperformance in a number of the PM stocks. We discuss the potential for Q4 earnings numbers that will be released in a couple of weeks to be a potential catalyst to get more momentum going forward and more analyst coverage of the sector.   Sean also notes that he is starting to move down the risk curve in the precious metals equities and position in more junior companies, and is more bullish on the prospects for silver stocks over the gold stocks.
 
Click here to follow along with Sean’s work at Weiss Ratings Daily and Wealth Megatrends
 
Click here to learn more about Resource Trader

Dave Erfle - What Will Be The Next M&A Stocks

Dave Erfle, Editor of the Junior Miner Junky joins us to recap the strong moves in gold and silver and focus on what stocks could be the next takeovers. 
 
We cover the current state of the gold market, including momentum trades and the impact of recent political events. Silver, GDX, and GDXJ are also analyzed for their recent performance and future potential based on recent moves in the chart. 
 
We then delve into recent mergers and acquisitions (M&A) activities in the junior mining sector to identify potential takeover candidates, like Perpetual Resources and Skeena Resources. Additionally, we discuss the growing interest in mid-tier mining companies and the impact of jurisdictional factors on mining stocks.
 
Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter.