The KE Report

By KE ReportBusiness Investing

The KE Report episodes

April 08John Rubino – Outlook On Oil, The Energy Sector, Uranium, Precious Metals, and Portfolio Strategies In Resource Stocks
John Rubino, [Substack https://rubino.substack.com/ ], joins us for another wide-ranging discussion around the geopolitical uncertainties and macroeconomic catalysts that are leading to volatility in oil, the energy sector, uranium, gold, silver, and the related resource stocks.

We start off reviewing the volatility and recent extreme surge higher in oil prices due to the continued conflict and uncertainty around the war in the Middle East.
News of the ceasefire may send oil prices lower in the near-term, but John points out it is unlikely we’ll see oil prices go all the way back down to where they were several months ago. There has been too much infrastructure damaged through all the bombing campaigns from both sides of the conflict for a snapback supply response.
Oil company margins, will remain elevated even if oil pulls back down into the low $90s or $80s or even $70s.
Headline driven dramatic pullbacks in oil company prices could be a good entry point for medium-term accumulation; especially if it is a dividend-paying stock.

When reviewing what parts of the energy sector show the most promise or opportunity, John points out that really the whole suite of energy inputs from solar to uranium to coal and natural gas are all needed.
He points out that parts of Europe is now realizing the folly of shutting down some nuclear power plants or being overly reliant on renewables or Russian natural gas, and so they are turning back to restarting coal plants in desperation.
Conversely, he highlights that China has had the ideal approach of starting up as many different forms of power plants as possible to feed the trend of increasing energy demands.
He also points to how increased copper demand to feed growth projections around electric vehicles, A.I. data centers, and connecting to demands on the energy grid will keep the red metal well bid for years to come.

Turning to the extreme volatility in both directions in the precious metals thus far in 2026 – John sees opportunities for placing low-ball bids in quality gold and silver stocks that have corrected by 30%-50% off their January and February highs.
When asked how to avoid the danger of “catching the falling knife” if these PM stocks just keep correcting, he lays out the positive and negatives of using stop-loss orders. He also points to using option strategies to make profits on the way down to eventually buying a stock one already wants to accumulate at a lower pre-determined strike price.
We note again that PM stocks are not fully factoring in the higher metals prices seen in Q1 into their current valuations, which is giving investors and edge to accumulate existing positions or initiate new positions in stocks that had previously run away to the upside into the current weakness.
John points out that their growing piles of cash on the balance sheets of highly profitable gold and silver producers will be used for paying dividends, buying back their shares, or merger & acquisitions deals.

When pressed on if the bull market in precious metals was over, he pointed out that conditions that created the big run in gold and silver prices are still present and have not fundamentally changed; and have actually strengthened.
John brings up the ongoing concerns about the growing sovereign debt crisis in nations all over the world, and the desire by governments and central banks to cut interest rates and throw money at slowdowns to run the economy hot and to try and grow their way out of the economic challenges they face.
Those fiscal and monetary policies will be even more inflationary, leading to a debt spiral, and how affect global currencies and interest rates; which should remain longer-term bullish factors for the precious metals.

Click here to follow John’s analysis and articles over at Substack

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

The KE Report: https://kereport.substack.com/
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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.
29 min
April 07Craig Hemke – Geopolitics, Macroeconomics, Monetary Policy, and Fundamental Valuations Are Presenting Longer-Term Opportunities In PM Stocks
Craig Hemke, Founder and Editor of TF Metals Report, joins me for a candid conversation around the impacts of geopolitics, macroeconomics, Fed policy, a technical outlook on gold and silver prices, and the ongoing disconnect in the valuation of the precious metals stocks, considering the record margins and revenues they experienced in Q1, which just wrapped up last week.

Key Discussion Points:
Geopolitics can swamp the charts and macroeconomics in the short-term: The upcoming deadlines that the US has imposed on Iran to open the Strait of Hormuz by Tuesday evening, could either end in a deal or more bombing and fighting. Either scenario could see such a large market reaction. This makes it nearly impossible to forecast what may play out in the short-term.
Central Bank policy response tools are limited: If inflation starts moving higher on the back of higher oil, fertilizer, chemical, and manufacturing inputs, then the Fed’s ability to cut rates will be more muted. However, if the global economy slows from a ‘demand shock’ then central banks will err on the side of running the economy hot, cutting rates, and easier monetary policy.
Interest Rates and the US Dollar response need to be monitored closely: Craig points out from a larger macro perspective that market has it wrong regarding future rate hikes, citing the unsustainable cost of refinancing the growing sovereign debt levels if rates go to high. He’ll be watching both the short and long end of the interest rate curve, as well as the US dollar response.
The Disconnect in Mining Equities: Much media speculation has been made about margin compression facing producers as energy costs, but that is painting all mining companies with the same broad brush without any legitimate analysis for how much their margins may be affected.
The PM prices in the first quarter were at record average quarterly prices, which will lead to records Q1 revenues and earnings, even as the stock corrections got overdone and oversold.
We’d have to see a massive selloff in metals during Q2 to get the average prices and margins down under just Q4 of 2025, much less that of Q3 2025. This means that Q2 will likely outperform the current expectations based on where PM stocks are priced today.

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.
27 min
April 06 Golden Cariboo Resources – 29 Drill Holes Will Feed Into The Upcoming Maiden Resource Estimate At The Quesnelle Gold Quartz Mine Project
Frank Callaghan, President and CEO of Golden Cariboo Resources Ltd. (CSE:GCC) (OTC:GCCFF), joins me for an exploration update on the first 28 drill holes completed, and the 29th hole ready to be drilled imminently. Stepout drill has been extending the mineralization and strike length beyond the Halo Zone, located at their flagship Quesnelle Gold Quartz Mine, in the Cariboo Mining District of British Columbia. The immediate workstreams are to compile all this drilling data, in combination with some historic drill holes, into an upcoming Maiden Resource Estimate, targeted to come out later in the month of May.

We start off having Frank outline the broad bulk-tonnage style of mineralization coming back from the prior assays returned, when stepping out from the Halo Zone; and why these large disseminated gold systems can become some of the largest producing gold mines. This large project footprint and continuity of the broad intercepts of mineralization is what will allow the Company to put out the maiden resource estimate in about a month’s time.

On March 25, 2026 Golden Cariboo Resources announced that drill hole QGQ25-28 was completed on March 19, 2026 to a total length of 754.69 m (2,476 ft), ending in mineralization approximately 12 m (39.37 ft) from Osisko Development Corp.’s claim boundary. The end of drill hole QGQ25-28 is located approximately 283 m (928.48 ft) beyond the end of drill hole QGQ25-25, which also ended in mineralization.

Next we discuss how all 28 holes drilled to date have hit gold mineralization and how their geologists have really come to a good understanding of the mineralization and have vectored in on exploring for gold at the greenstone belt contact zone at their Quesnelle Gold Quartz Mine. Much of the drilling has been testing the approximately 2-3km area between the Main Zone and Halo Zone and straddling Hixon Creek. One drill will be turning doing large step-outs and extending the strike length of the mineralized trend. There is a strong geophysical signature helping out with drill targeting, that also extends on to their neighbor’s land package at Osisko Development.

Next we got into the recent acquisition of the 13 cells of placer claims at the Halo zone; which when combined with past staking around their main property, has brought the new total land position up to around 95,000 hectacres (~235,000 acres) held by the Company, and now making it the third largest claim holder in the Cariboo Gold District.

We wrap up with potential rerating the company could get once their initial resource estimate is out and digested by the market. With regards capital on hand, they announced a modest raise in late March to get them to this key upcoming milestone, where they believe more institutional interest will be coming in to assist with funding the next phase of exploration and project derisking.

If you have any questions for Frank regarding Golden Cariboo, then please email them into me at [email protected].

Click here to follow the latest news from Golden Cariboo 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.

21 min
April 06Kuya Silver - Bethania Mine Operational & Development Update, 20,000 Meter Drill Program Overview
In this Company Update, I chat with David Stein, President and CEO of Kuya Silver, for a comprehensive update on the company’s operations, development, and aggressive exploration plans for 2026. David provides a deep dive into the progress at the Bethania Mine and how the company is positioned to capitalize on a volatile yet strong silver market.
Key Discussion Points:
Bethania Mine Ramp-Up: An update on the phased expansion to 350 tons per day (TPD) and the operational progress made through Q1 2026.
Financial Resilience: Insight into the company’s current "break-even" status.
20,000-Meter Drill Program: Details on the fully funded exploration strategy, split between underground resource expansion and testing new silver vein systems.
Strategic Acquisitions: Status of the due diligence process for the Carmila processing plant and how it fits into the company’s long-term vertical integration.
Silver Market Dynamics: David’s perspective on operating in a high-price environment and how $80+ silver impacts the company’s bottom line and project economics.

If you have any follow-up questions for David, please email me at [email protected].

Click here to visit the Kuya Silver website – https://kuyasilver.com/

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

Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
15 min
April 04Weekend Show - Peter Boockvar & Marc Chandler: Market & Economic Impacts From The War In The Middle East
As geopolitical tensions in the Middle East persist, the global economy is grappling with more than just volatile oil prices. This week’s show brings together Peter Boockvar (CIO, OnePoint BFG Wealth Partners) and Marc Chandler (Managing Partner, Bannockburn Global Forex) to dissect the deeper structural shifts - from the "parabolic" move in gold and the cooling AI trade to the looming shadow of the un-stress-tested private credit market.
Segment 1 & 2 - Peter Boockvar, Chief Investment Officer at OnePoint BFG Wealth Partners and editor of the Boock Report on Substack, analyzes the long-term economic consequences of the Middle East conflict. He discusses the persistence of inflation driven by elevated commodity and energy prices, the "stagflationary" risks of modest growth paired with high costs, and significant shifts in global markets, including the waning momentum of AI tech stocks and the increasing appeal of gold as a reserve asset.
Click here to follow Peter at The Boock Report - https://peterboockvar.substack.com/
Segment 3 & 4 - Marc Chandler, Managing Partner at Bannockburn Global Forex and editor of the Marc to Market website, discusses the economic shifts and market volatility resulting from the ongoing Middle East conflict. He examines how fluctuating energy prices and supply chain vulnerabilities are influencing global central bank policies, interest rates, and currency trends, while also addressing recent shifts in gold and treasury holdings.
Click here to visit Marc’s site - Marc To Market - https://www.marctomarket.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.
55 min
April 04Cassiar Gold – Comprehensive Visual Overview Of The Exploration and Development Work Completed To Date and On Tap For 2026
Marco Roque, President and CEO of Cassiar Gold (TSX.V:GLDC – OTCQX:CGLCF), joins me for a comprehensive visual company overview and update on all the exploration and development work completed to date and that remains on tap for 2026; as they continue expanding the Cassiar Gold project, located in northern British Columbia.

We start off reviewing the jurisdiction and topography, large degree of sunk costs and infrastructure in place across larger Project; including an existing mill and tailings facilities, road access right onto the property, power access, and small camp in place.

Marco outlines all the historic exploration and development work completed over the last handful of yeas at Cassiar North. Marco breaks down the 2.3 million ounces of gold in all categories at the bulk tonnage resources in place at the main Taurus Deposit.
He also highlighted the nearby areas along trend that have been receiving ground exploration and drilling at the Wings Canyon, Hopeful, Auroch, and Newcoast targets.
In particular, the exploration team is animated by the potential at Newcoast area to be similar to Taurus in grade, scale, and potential depth; especially after the successful drilling here during the 2025 program. Newcoast is not yet included in the resources, and could be a key area for mineral expansion.
Additionally, there are regional targets like Lucky and Snow Creek that have early indications that they may host similar Taurus-Style mineralization, alteration, and veining.

Today, on April 2nd, the Company announced it has initiated a Preliminary Economic Assessment (“PEA”) for the property’s Taurus deposit, having selected Ausenco, a globally recognized engineering, consulting, and project delivery firm with a proven track record in all phases of project development. The Company is targeting the completion of the PEA in Q3 2026, and it will be based on the recently updated foundational resource at the bulk-tonnage Taurus deposit.
The Taurus deposit comprises an Indicated Mineral Resource of 8.8 million tonnes at 1.43 grams per tonnes (g/t) gold for 410,000 ounces with an additional 63.2 million tonnes with 1.93 million ounce at 0.95 g/t gold Inferred.

Shifting down to Cassiar South, we review the number of past producing mines, and high-grade nature to the broader veins in the mineralization on this part of the Project.
The company will be drilling here again in 2026, after taking a few year to focus on growing Cassiar North, and is doing internal scoping studies to consider fast-tracking the potential development into smaller-scale production in this higher metals price environment.
They are also reviewing underground portals and mill refurbishment to assess what would be needed for an expedited move into production.
None of the prior drilling or known historic resources at Cassiar South are included in the current Mineral Resource Estimate.

We wrap up getting into the experience of the management team and board of directors, the key stakeholders and analyst coverage, financial health of the company treasury to keep executing on the work programs in 2026, and their undervaluation on several metrics compared to peers, highlighting the potential for rerating.

If you have any questions for Marco on Cassiar Gold, then please email them to me at [email protected].

Click here to follow the latest news from Cassiar Gold

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.
43 min
April 03Jordan aka Mining Stock Monkey – Energy and PM Stocks - Devon Energy, Rupert Resources, Royal Gold, Altius Minerals, Elemental Royalty, and Orogen Royalties
Jordan Rusche, Founder of Mining Stock Monkey, joins me for an in-depth and nuanced discussion on the recent volatility in oil prices, gold and silver prices, and his approach to valuing precious metals mining stocks and royalty companies; along with which companies he is actively trading in his portfolio.

We start out catching up on how the war in the Middle East has spiked the oil price over the past month, allowing savvy energy companies to go out on the forward futures curve and hedge partial amounts of future production at much higher levels.
We revisited the value proposition synergies from ongoing business combination of Devon Energy (NYSE: DVN) and Coterra Energy (NYSE: CTRA) which announced an all-stock merger back in February. The business combination will create a leading large-cap shale operator with a high-quality diversified asset base in the Delaware Basin, Permian Basin, Marcellus Shale, and Anadarko Basin. We discussed the additional natural gas assets that will give the pro-forma company better margins, and secondary value lever beyond the rising oil prices.

Next we shifted over to some of the valuations in the gold stocks in light of the large corrective moves we saw across the board during the month of March.
Jordan breaks down that these big pullbacks have him looking anew at quality development companies, like Rupert Resources Ltd (TSX: RUP) (OTCQX: RUPRF) (FSE:R05), that have dropped precipitously in market cap and share price and are presenting a compelling accumulation environment.
He also remains animated by the continued the growth on tap for royalty and streaming companies, highlighting Royal Gold, Inc. (NASDAQ: RGLD) as undervalued on a number of fundamental metrics compared to all their larger peers.
Secondly, Jordan highlights that he is able to gain access to copper and other metals by way of investments in Altius Minerals Corporation (TSX: ALS) (OTCQX: ATUSF), Elemental Royalty Corporation (TSXV: ELE) (NASDAQ: ELE), and Orogen Royalties (TSX.V: OGN – OTCQX: OGNNF).

Get 25% OFF Mining Stock Monkey VIP, (limited to 5 KE Report subscribers):

https://miningstockmonkey.com/products/vip?promo=KEREPORT25

https://miningstockmonkey.substack.com/KE25

Sign up for Jordan's free "Silverback Letter" here:

https://miningstockmonkey.substack.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.
36 min
April 02Joel Elconin - The "Muddled" Economy: Technical Warnings and the Search for Market Stability
In this Daily Editorial, we are joined by Joel Elconin, co-host of the Pre-Market Prep show and founder of the Stock Trader Network. Joel provides a candid assessment of the current "muddled" market environment, characterized by excessive volatility and a lack of clear direction.
The discussion dives deep into the macroeconomic headwinds currently facing investors, including the inflationary impact of rising crude prices and the potential shift in Federal Reserve policy toward rate hikes rather than cuts. Joel also explores the internal fragility of the financial system, specifically the pressures mounting in the banking sector and the burgeoning risks within private credit.

Click here to visit Joel’s PreMarket Prep website - https://www.premarketprep.com/
Click here to visit the Stock Trader Network - https://www.stocktradernetwork.com/

Stocks Mentioned: Microsoft (MSFT), Meta (META), Amazon (AMZN), NVIDIA (NVDA), Micron (MU), Oracle (ORCL), Lennar (LEN), ConocoPhillips (COP), Nike (NKE).

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

Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
19 min
April 02Banyan Gold - High-Grade Silver Results At AurMac, New Management Member Patrick Langlois
In this Company Update, I chat with Tara Christie, President and CEO of Banyan Gold (TSX.V: BYN | OTCQB: BYAGF), and Patrick Langlois, the newly appointed VP of Strategy and Corporate Development. With a massive gold resource (over 7.7mil oz gold indicated + inferred) already established at the AurMac Project in the Yukon, the team discusses how recent high-grade silver results and strategic leadership are shifting the company's trajectory from exploration toward a development story.
Key Discussion Points:
High-Grade Silver Discoveries: Tara outlines the significance of the March 16th news release, which highlighted an intercept of over 3,400 g/t silver over 1.4 meters.
Strategic Leadership: Patrick Langlois shares what drew him to Banyan after his successful tenure at Probe Gold.
2026 Development Catalysts: The company is currently executing a 50,000-meter drill program with five rigs active on-site. This work is focused on converting waste to ore and refining the geological model in preparation for an updated Mineral Resource Estimate and a Preliminary Economic Assessment (PEA) due in the second half of 2026.

If you have any follow up questions for Tara please email me at [email protected].

Click here to visit the Banyan Gold website - https://banyangold.com/

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For more market commentary & interview summaries, subscribe to our Substacks:
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.
14 min
April 02Sitka Gold - More Details On The Updated 5.12Moz Gold Resource, New Director, Nevada & Arizona Asset Spinout
In this Company Update, I am joined by Mike Burke, Director and Vice President of Corporate Development at Sitka Gold (TSX.V: SIG | OTCQB: SITKF). Mike provides more details on the updated Resource Estimate (now at 5.12mil gold oz in indicated + inferred), a new Director, a proposed spin out of assets in Nevada and Arizona, and an update on the large exploration program currently underway at the RC Gold Project in the Yukon.
Key Discussion Points:
Expanded Mineral Resource Estimate: Mike breaks down the recently filed technical report detailing the 5.2 million ounce gold resource, specifically highlighting the higher-grade near-surface material at the Blackjack and Rosgobel deposits.
Asset Spin-Out Strategy: Analysis of the plan to spin out the Nevada and Arizona assets - Alpha Gold and Burro Creek.
Strategic Board Appointments: The addition of Caroline Hendrick brings specialized expertise in securities law as the company advances the project.
The 60,000m Drill Program: An update on the multiple rig operation currently active at RC Gold, focused on expanding the resource and testing new targets.
Tungsten By-product Potential: Initial insights into the re-assaying of 34 drill holes to quantify significant tungsten concentrations discovered alongside the gold mineralization.

If you have any follow up questions for the team at Sitka Gold please email me at [email protected].

Click here visit the Sitka Gold website to learn more about the Company - https://sitkagoldcorp.com/

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

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