The KE Report

By KE ReportBusiness Investing

The KE Report episodes

June 24Justin Huhn – Part 6 Of Nuclear Fuels Demand And Supply Factors – Pro Tips On Investing In Uranium Stocks
Justin Huhn, Founder and Publisher of the Uranium Insider, joins me for yet another very comprehensive macro update on the supply and demand fundamentals for uranium and the nuclear fuel sector. Justin provides some boots-on-the-ground feedback, after just recently attending the WNFM 52nd Annual Meeting and International Conference on Nuclear Fuel in Scottsdale, Arizona. We discuss primary versus secondary demand, how the longer-term contracting cycle is setting up with utility companies, different bottlenecks in the nuclear fuel cycle, and how he is positioning in the uranium equities that feed the front-end of that supply chain.
This is a longer-format discussion building upon our prior conversations throughout 2024 and 2025, because even more key macro news and company developments continue to be announced in the nuclear and uranium sector.

We start off reviewing the Primary Demand drivers for uranium from the existing global fleet of nuclear reactors, which is augmented by the many reactor life extensions and restarts, as well as all the new reactors coming online over the next decade that are under construction or planned. The investing case for uranium bulls is compelling even with conservative modeling on this primary demand out for the next 5-10 years.

Next we layer on the various aspects of Secondary Demand that are harder to model, but will definitely have an additive effect on overall global uranium demand:
Financial demand from entities like the Sprott Physical Uranium Trust, Yellowcake, hedge funds, institutional buyers, etc…
Sovereign stockpiles and strategic reserves
Utility companies inventory stockpiles
Small Modular Reactors (SMRs) demand
Military demand

Next we transition over the supply side of the equation focusing on the uranium mining companies. We’ve seen a flurry of news the last couple years out of the U308 producers, many of which have been struggling to ramp up production.
Justin unpacks his outlook on mined supply from Kazatomprom, the largest uranium swing producer in Kazakhstan, the slow ramp up of Uzbekistan production, missed guidance last year from Canadian senior uranium producer Cameco (CCO.V) (CCJ), and the slow but steady ramp up of US producers.
Each country and the producing entities have had a series of setbacks and challenges to hit their annual guidance, which has kept supply and inventories tight.

Next we point out that large development projects in the Athabasca Basin of Canada, like the Phoenix Project held by Denison Mines (TSX: DML) (NYSE: DNN), and in specific the importance of the Arrow Project from NexGen Energy (TSX: NXE) (NYSE: NXE), seeing their production timelines get pushed back to 2030 or later. There is very little new supply coming online globally, with the exception of some smaller production out of the US, Namibia, and Australian producers. All of this points to a much more constrained output from global uranium producers, even in face of growing uranium demand.

Justin weighs in on the importance of seeing more developers and explorers move their projects forward, and that the exploration stocks in particular have been left for dead by investors and represent compelling value propositions in this current environment.

Wrapping up we discuss the utility and diversification with some of the sector ETFs like (URA), (URNM), (URNJ), and (NUKZ), and the interesting potential buy-the-dip moment in the nuclear stocks, while the markets are quiet with less speculative participation.

Click here to visit the Uranium Insider 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.
47 min
June 24AbraSilver Resource – Key Takeaways From Definitive Feasibility Study and Future Value Drivers Progressing Forward With The Development Of Diablillos
John Miniotis, President and CEO of AbraSilver Resource Corp (TSX: ABRA) (OTCQX: ABBRF), joins me to review the news out June 22nd, announcing the updated project economics in the Definitive Feasibility Study (“DFS) on the Company’s wholly owned Diablillos property in Argentina. We look at the multiple value levers the company has to pull on for a rerating to higher once the upcoming Phase 2 economics study incorporates the heap leach or higher throughput rates, in addition to all exploration and resource expansion potential and even just the upside present if rerated higher to peer comparable metrics.

In May the company released an updated Mineral Resource Estimate (“MRE”), which demonstrated significant growth across the Project, with Measured & Indicated (“M&I”) resources now totaling 232 million tonnes (“Mt”), containing approximately 248 million ounces (“Moz”) of silver and 2.54 Moz of gold (454 Moz silver-equivalent “AgEq”). For the first time ever, the DFS released this week includes the Project reserves as proven and probable ounces.
Increased Proven and Probable Mineral Reserves of 77.9 Mt grading 146 g/t Ag Eq, containing 183 Moz Ag and 1.8 Moz Au (366 Moz AgEq), estimated from an open pit optimized using metal prices of $29.50/oz Ag and $2,800/oz Au.

The DFS positions Diablillos as one of the world's premier undeveloped silver-gold projects, based on a stand-alone 9,000 tonnes per day (“tpd”) processing operation that delivers robust economics, high early production levels and low operating costs.

DFS Study Highlights:
After-tax NPV5% of $3.0 billion (CAD$ 4.2 billion), 41.9% IRR and 1.7-year payback at base-case metal prices.
At spot prices1, after-tax NPV5% increases to $4.8 billion (CAD$6.7 billion) with an IRR of 56.5% and payback of 1.4 years.
Average annual production of 20 Moz silver equivalent (“AgEq”) during the first five years of full mine production, comprised of 14 Moz Ag and 89 koz Au;
Average life-of-mine (“LOM”) annual production of 10 Moz AgEq, comprised of 5.9 Moz Ag and 62 koz Au over a 25-year life of mine (“LOM”).
Low All-in Sustaining Cash Costs (“AISC”)2 of $20/oz AgEq over the LOM – positioning Diablillos among the lowest-cost primary silver projects globally.
Initial capital expenditures of $722 million (including $98 million contingency) with subsequent sustaining capital of $520 million funded through operating cash flow.
Compelling after-tax NPV-to-Capex ratio of 4.2x, highlighting the Project’s robust project economics and strong value generation potential.
Increased Proven and Probable Mineral Reserves of 77.9 Mt grading 146 g/t Ag Eq, containing 183 Moz Ag and 1.8 Moz Au (366 Moz AgEq), estimated from an open pit optimized using metal prices of $29.50/oz Ag and $2,800/oz Au.
First production targeted before year-end 2029, subject to a final investment decision (“FID”) expected in Q2 2027.
Multiple opportunities exist to further enhance Project value beyond the DFS, including:
A Phase 2 heap leach expansion to process lower grade mineralized material that would provide incremental gold and silver production, with results from a Preliminary Economic Assessment (the “Heap Leach PEA”) expected before the end of June 2026;
Potential future plant throughput expansion to increase annual silver and gold production; and
Continued exploration success across the broader Diablillos district
Enhanced TSF incorporates a downstream waste rock buttress design, to eliminate credible failure risk while reducing haulage costs and dust generation.
Grid power connection planned in Year 3, reducing both operating costs and carbon emissions.
The Compnay has already received approval of the Environmental Impact Assessment (EIA) {“Declaración de Impacto Ambiental” or “DIA”} from the Government of Salta Province in Argentina, and should have the final permit approved from the Catamarca Province imminently.

Click here to visit the AbraSilver website and read over the most recent news releases.

If you have any follow up questions for John regarding at AbraSilver, then please email them into me at [email protected].
In full disclosure, Shad is a shareholder of AbraSilver Resource Corp at the time of this recording and may choose to buy or sell more 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.
25 min
June 22Craig Hemke – Unusual Intra-day Swings In Gold and Silver Since Last Week In This Post-war and Post-Fed Meeting Environment
In this Daily Editorial, Craig Hemke, Founder and Publisher of the TF Metals Report, joins me to analyze the unusual intra-day swings in the precious metals market ever since the signing of the US/Iran MOU ending the war, and since Kevin Warsh chaired his first FED meeting and addressed the markets last week.

In this episode, we cover:
Technical Levels to Watch:
Craig comments on the break-down in gold and silver below the 200-day moving average, resulting in weakening pricing momentum.
This is creating the potential for gold to dip below it’s double bottom around $4,100 and silver to retest or dip below its double bottom around $61.
Even if gold breaks below $4,000 into the mid $3,000s or if Silver breaks $61 and heads down to the $54 support level from last falls “double-top,” Craig points out that still would not invalidate the larger bull market trend of the last few years.
He points out we may need that last capitulation move this summer to wash out any remaining weak hands, and to then base and bring in the new buyers that cause shorts to cover and begin a new upleg.
We review again the very low “open interest” levels on the COT report, and how this lower level of market participation can cause unusual intra-day price swings in both directions.
Kevin Warsh’s First Fed Meeting and Press Conference:
We contrasted the outlook and approach Kevin Warsh outlined last week versus the approach to data collection and forecasting that his predecessor Jerome Powell had taken.
The markets took Warsh’s comments "this committee will deliver price stability," to be a hawkish hold, since he indicated focusing on the higher inflation readings.
The Fed funds futures are now anticipating 1-2 rate hikes this year versus the initially market anticipated rate cuts, coming into this year.
The Macroeconomic Fundamentals Haven’t Changed:
Sovereign debt remains at record levels and most nations can not endure interest rates that go up to drastically.
Throughout history, central banks have opted for printing more money and driving interest rates meaningfully lower, to inflate their way out of economic challenges, and to pay off higher interest debt with lower-rate debt.
Even if we see some initial hawkish rate hikes, Craigs doesn’t anticipate that we’d have long to wait after that before monetary policy adjusts course in the opposite direction, in a more dovish playbook.
Overall, central banks continue to add gold to their balance sheets versus adding more US or foreign treasuries.
We also noted that many individuals and financial institutions have been rotating some of their bond holdings into the precious metals complex.
All that really changed over the last few months was the black swan of a war in the Middle East; and now that it appears to be winding down, we'll see if the prior pre-war trends reassert themselves over the fullness of time.

Click here to visit Craig’s website – TF Metals Report – https://www.tfmetalsreport.com/

For more market commentary & interview summaries, subscribe to our Substacks:

The KE Report: https://kereport.substack.com/
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. 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.
20 min
June 20Weekend Show - Jeff Christian & Dan Steffens - A New Reality for Asset Prices?
In this weekend’s show, we take a step back from the daily price grinds to examine the massive, structural shifts occurring across the metals and energy markets. From re-valued investor psychology to geopolitical choke points, the big picture is anything but quiet.
Segment 1 & 2 - Jeff Christian, managing partner at the CPM Group, kicks off the show to discuss structural changes and evolving investor psychology within the precious metals market. He highlights how robust investment demand is driving a long-term upward revaluation of assets like gold and silver, which he expects will lead to higher average prices despite short-term corrections.
Click here to visit the CPM Group website to learn more about the firm - https://cpmgroup.com/
Segment 3 & 4 - Dan Steffens, President of the Energy Prospectus Group, discusses the current volatility in the energy sector, highlighting the critical decline in domestic and global oil inventories despite recent diplomatic developments. He also provides an outlook on the financial resilience of upstream companies, emphasizing the strong dividend yields and growth potential within the oil services and natural gas markets.
Click here to visit the Energy Prospectus Group website for more energy market and stock analysis - http://www.energyprospectus.com/

If you enjoy the show, be sure to subscribe to our podcast feed (KER Podcast), YouTube channel, and follow us on X for more market commentary and company interviews. Don’t forget to subscribe and leave us a review!

For more market commentary & interview summaries, subscribe to our Substacks:
The KE Report: https://kereport.substack.com/
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
1 hr 4 min
June 19Power Metallic Mines – Fully-Funded Exploration At Nisk Project, High-Tech Surveys Inform Targeting, Upcoming MRE, and New JV In Saudi Arabia
Terry Lynch, CEO of Power Metallic Mines Inc. (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV1), joins me for another exploration update catching us up on multiple news releases from the Lion Zone as part of their fully funded 100,000-meter drill program at the polymetallic NISK Project in Quebec. We also discuss all the pending results still at the assay lab, other key regional exploration targets of interest for 2026 drilling, and the various technology being deployed behind their drill targeting. Additionally, we touch upon their new JV in Saudi Arabia.

We start off with a financial update where the Company announced on June 10, 2026 the closing of its previously announced "best efforts" private placement for aggregate gross proceeds of C$28,228,750, which includes a lead order from Eric Sprott.

This capital provides the company with the ability to execute on a fully-funded exploration program on multiple targets on the ongoing six-rig drill program focused on expanding the mineralized around the Lion Zone both stepping out looking for other broad mineralized zones, and also testing at depth for the potential “Elephant Zone,” as well as at Lion West and the Tiger Deep Zone. Terry highlighted some of the surprising gold intercept values when testing Lion Deep that will get some follow-up work. Additionally, new polymetallic targets are being tested in fan holes at the Hydro Fold-Hinge Zone, which will utilize borehole EM technology.

Additional assays from its winter 2026 drill program continue to come in with all assay results expected by mid-June for adding to the MRE.
New drill results include 10.30m @ 4.04% CuEq and 4.07m @ 8.73% CuEq, with metallurgical testing confirming strong recovery potential from disseminated low-grade zones.
Building on the recent Muon Tomography program launched on May 13, the Company is deploying three advanced geophysical surveys to accelerate the hunt for deeper high-grade Ni-Cu-PGE mineralization. Power Metallic is planning an Ambient Noise Tomography (ANT) survey on the Nisk Far West target, completing a gravity survey over the Lion area, and completing a superconducting quantum magnetometer SQUIDs survey over the Lion area. These state-of-the-art techniques will sharpen targeting for the Lion Zone extensions and new discoveries across the expanding property, leveraging Power Metallic's significant 2025 land acquisitions.

One of the larger upcoming Company milestones will be completing the work building towards an initial NI-43-101 Mineral Resource Estimate (MRE) on the Lion Zone and an update of the Nisk Ni-Cu-Pd deposit MRE with completion and reporting of estimates by the end of July. This MRE will form the basis for a Preliminary Economic Assessment (PEA) to begin immediately following the completion of the MRE.

On May 19, 2026, Power Metallic announced that it entered into a strategic alliance and joint venture framework agreement with Amaar United Mining Company ("Amaar Mining"), a Saudi Arabian company affiliated with Amaar Holding, to jointly pursue mining license opportunities in the Kingdom of Saudi Arabia.
The agreement marks the next step in Power Metallic's expansion strategy in Saudi Arabia following the Company's award of the Jabal Baudan exploration license in the Jabal Sayid Mineralized Belt.
Under the agreement, Power Metallic and Amaar Mining intend to cooperate in future Saudi mining license auction rounds and other mutually agreed opportunities, combining Power Metallic's technical, geological, and exploration capabilities with Amaar Mining's local strategic presence, coordination capacity, and regulatory interface experience in the Kingdom.

Click here to follow the latest news from Power Metallic Mines

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.
20 min
June 19Marc Chandler - The Warsh Era Begins: A Hawkish Fed & The Surging US Dollar
In this special Friday editorial edition of The KE Report, we sit down with Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of the Marc to Market website, to unpack a whirlwind week for global macroeconomics and central bank policy.
Key Discussion Points:
The New Era at the Federal Reserve: A deep dive into Fed Chair Warsh's debut meeting, his lean toward "strategic ambiguity," and why the market is now pricing in a hawkish trajectory for the end of the year.
The Surging US Dollar Index: Why the dollar is breaking out of its year-long range, achieving new highs against the Japanese Yen and Canadian Dollar, and defying widespread expectations of a decline.
Yield Curve and Global Rate Differentials: An analysis of the flattening 2-to-10-year yield curve and how widening interest rate differentials between the US, Europe, and Japan are acting as a powerful tailwind for the greenback.
Commodities and Looming Macro Risks: Why a significant pullback in crude oil prices is reshaping inflation expectations, contrasted against potential supply shocks in agriculture and shifting geopolitical risks in the Middle East.
Market Psychology: Optimism or Complacency?: A candid look at whether current equity markets are priced to perfection, the signals to watch next, and how investors can use disciplined trailing stops to protect their portfolios in a late-stage bull market.

Click here to visit Marc’s site - Marc To Market - https://www.marctomarket.com/

------------------------------
For more market commentary & interview summaries, subscribe to our Substacks:
The KE Report: https://kereport.substack.com/
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
26 min
June 18KER QuickTake - Summer Doldrums or Structural Shifts? Deep Dive into Precious Metals, Copper Stability, Oil Pullbacks
In this KER QuickTake, Cory and Shad provide an inside look at the recent dramatic shifts across the commodity landscape. We analyze everything from the short-term summer doldrums to the broader resource cycle, offering perspective on where investors can still find massive opportunities.
Key Discussion Points:
Precious Metals Technical Damage: A breakdown of how gold, silver, GDX, and SILJ have broken down on short and now medium term charts.
The BPGDM Sentiment Gauge: How the Gold Miners Bullish Percent Index recently flagged an ultra-rare extreme reading, and what it means for short-term traders.
A Flood of Free-Trading Paper: Analyzing a massive, multi-billion-dollar wave of newly tradeable stock hitting the junior sector and its downward pressure on current momentum.
Copper as the Outperformer: Why copper remains in a textbook bull market and where the opportunities in the equities are.
Crude Oil and Energy Volatility: Assessing the structural damage to the oil markets, the reality of depleted strategic reserves, and why energy stocks still hold long-term value.
Please let us know your thoughts! Our email addresses are [email protected] and [email protected]
------------------------
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.
33 min
June 17Graphene Manufacturing Group - EPA Updates, & Battery, SUPER G, THERMAL-XR®, G® Lubricant Questions
In this Company Update, I chat with Craig Nicol, Founder and CEO of Graphene Manufacturing Group (TSXV: GMG / OTCQX: GMGMF), to discuss the company’s latest operational milestones and future growth strategy. Craig breaks down recent news regarding their additional EPA application in the United States and answers a variety of investor questions spanning multiple product divisions.
Key discussion points include:
US EPA Application: An overview of the integration of G® Lubricant and THERMAL-XR®, and what the ability to manufacture graphene directly in the US means for the company's North American expansion plans.
Commercial Sales Trajectory: A look into GMG's rapidly growing sales team, the current state of global product trials with major corporations, and the timeline for reporting substantial revenues.
Battery Division Innovations: A deep dive into the energy density of their graphene aluminum-ion batteries, including how they achieve a zero-to-100% charge in just six minutes without the need for cooling systems.
Next-Generation Products: A sneak peek into how GMG plans to leverage its existing distribution channels to bring new thermal management solutions to market.

Please keep the questions coming! Email me at [email protected].

Click here to visit the GMG website to learn more about the Company - https://graphenemg.com/

----------------------
For more market commentary & interview summaries, subscribe to our Substacks:
The KE Report: https://kereport.substack.com/
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
31 min
June 17 Sean Brodrick – Investing Outlook on Oil, Nat Gas, Nuclear, Copper, Gold, Silver, and Other Critical Minerals Stocks
Sean Brodrick, Editor of Wealth Megatrends, Supercycle Investor, Resource Trader, and contributing analyst to Weiss Ratings Daily, joins me to discuss his investing outlook across multiple resource and energy sectors, now that there is a de-escalation in the Iran war and the potential reopening of the Strait of Hormuz. He shares how he is viewing oil, natgas, nuclear and uranium, copper, gold, silver, and other critical minerals and defense metals like rare earths, antimony, and tungsten.

We start off discussing why he remains medium-term bullish on the traditional energy sector, and why he is not abandoning his oil and natgas stocks just because oil prices have pulled back on the potential Iran peace deal. Sean points to the substantial damage to energy infrastructure in a few countries in the Middle East, and outlines that the recovery will take time and be a process.

He also brought up how the higher energy prices may have accelerated some consumers and even countries to transition over sooner to electric vehicles. This led into a discussion on the sources of power generation that stood to benefit in that scenario, which Sean highlighted would be a boon for natural gas and nuclear power plants, and that he still has exposure to power and utility stocks for exposure to that megatrend.

The discussion on power generation naturally pivoted into the supply/demand picture developing for copper and copper stocks. Copper stocks have held up much better than the precious metals over the last few months, and copper prices are still up near all-time high levels. Sean flagged some of his copper positions as having been some of of the more profitable areas of his portfolio over this year, and is holding onto what he has, and recommending a new copper/gold producer to his subscribers this week.

The conversation then turned to the recent bounce in the precious metals sector. We noted how gold, silver, and the precious metals equities had violated their 200-day moving average support over the last 2 weeks, with a very hard selloff last week, that eventually gave way to a rebound starting the end of last week and carrying, thus far, into the first couple days of this week. Sean has been nibbling a little bit lately on PM stocks into this bounce, but wants to see more follow-through strength to get more aggressive in adding to positions.

Rounding out the commodities sector, we shifted over to his constructive view of defense metals like the heavy rare earths, antimony, and tungsten, and how he expects to see more direct investments and policy and fiscal support for critical minerals projects.

Wrapping up we mused on if the SpaceX IPO and Anthropic IPO were causing rotation out of the resource stocks, and could be responsible for some of the recent weakness across the sector.

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.

21 min
June 16Erik Wetterling – Deep Value Developers and Alpha Catalyst Explorers Are Key To Building An All-Weather Portfolio
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to discuss stock selection into deep value developers and alpha catalyst explorers to build an ‘all-weather’ portfolio in gold, silver, copper, and uranium equities, that are more resilient to bear market corrections. He also outlines how he is approaching rebalancing his portfolio from a high-conviction standpoint, and by weighting his positioning heaviest to the junior resource stocks with compelling alpha catalysts on tap in their coming newsflow.

With regards to the junior resource stocks, his perspective is that bear-market corrections hurt sector beta stocks worse, since they are far more dependent on the metals price direction, versus juniors with alpha catalysts that will perform well in any metals price environment if they execute on their work initiatives.
He further outlines that focusing on alpha catalysts in junior resource stocks, can end up meaning less outperformance during the really bullish periods, but conversely less downsize pressure during sector corrections.

Erik highlights some positive catalysts in a few more advanced developers like Montage Gold Corp. (TSX: MAU, OTCQX: MAUTF), Cerro de Pasco Resources Inc. (TSXV: CDPR) (OTCQX: CDPMF), and District Metals Corp. (TSXV: DMX) (Nasdaq First North: DMXSE SDB) (OTCQX: DMXCF)

Additionally, Erik points to the positive risk/reward value proposition in the earlier-stage exploration companies that are going after tier-one discoveries with strategic partner funding in the NewQuest Capital group: Inflection Resources Ltd. (CSE: AUCU) (OTCQB: AUCUF), Headwater Gold Inc. (CSE: HWG) (OTCQX: HWAUF), and Red Canyon Resources Ltd. (CSE: REDC | OTCQB: REDRF).

Click here to follow Erik’s analysis over at The Hedgeless Horseman website

* 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.

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.
21 min

About The KE Report

From the publisher's feed

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…