Joe Mazumdar & Dan Steffens – Investing In Gold, Copper, Nat Gas & Oil Stocks: Equity Performance, Sector Trends and Opportunities
Welcome to The KE Report Weekend Show!
On this weekend’s show, we focus on resource stocks, covering gold, copper, natural gas, and oil. We review equity performance, highlight sector trends, and discuss where some of the best opportunities may lie.
If you enjoy the show, be sure to explore our website (kereport.com), 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!
- Segment 1 & 2 – Joe Mazumdar, Editor of Exploration Insights, shares his insights on recent breakouts in gold, silver, and copper, noting that mid-tier producers offer better growth prospects than majors through M&A and reserve expansion. He highlights strategic investments by producers in juniors, the importance of jurisdictional advantages in the U.S., and the growing role of critical minerals like antimony in both permitting and government funding.
- Segment 3 & 4 – Dan Steffens, President of the Energy Prospectus Group, discusses the strength of natural gas prices as storage levels remain low and demand for LNG exports grows. He highlights the rapid expansion of U.S. and Canadian LNG export capacity, which is expected to tighten supply further and drive prices higher. Dan also shares his top stock picks for companies best positioned to benefit from rising gas prices, emphasizing those with strong marketing strategies and premium pricing access. Additionally, he examines the potential impact of tariffs on Canadian energy stocks and identifies undervalued opportunities in the sector.
- Click here to visit the Energy Prospectus Group website for more energy market and stock analysis. Also you can email Dan for his recently updated company profiles at dmsteffens@comcast.net. Or myself at Fleck@kereport.com.
Hi DT ….. TIK-TOK TIK-TOK .. All Empires die because of wars / debt & debassment of their currency.
They failed to learn the lesson of ROME , & others that came after. It’s the Cycle of Nature no man can change that.
I understand what you mean implicitly. Most people here will never read the book “The Decline and Fall of The Roman Empire”, by Edward Gibbon. So, I have to keep my writing and thinking current. CAPICHE! DT
Look what has happened to the once mighty “British Empire”. It is now a footnote in history!!!!!!!! DT 🤣🤣🤣
It’s worse than that , it’s broke & is now a 3th world country . The only thing proping it up is the City of London , you know the square mile where the money is. We have a huge amount of coal , but the green idiots wont allow us to monatise it . All the wealth in the world, comes from holes in the ground.
Britain will lose its financial area centered in London, that will be headed to Shanghai. England has been in deep decline since the end of The Victorian Era, although they still think the sun is shining on what was once an empire. DT
Not all wealth comes from holes in the ground, there is also manufacturing and agriculture. DT
What kills it for most people probably 90% of the stock investors is the “Buy and Hold” theory. It is the belief that the really wise man it appeared is the person who bought and held on. There really is no reason to sell at all, you were bound to win in the end if your stock was sound.
Nothing could be further from the truth; the truth is that if you have a profit, you must sell because the only alternative is a loss.
That requires doing due diligence on a regular basis so you can try to determine where the puck is headed and being in control of your emotions. Something most people can never do because it requires understanding psychology and working very hard at the trade. DT
The same fork that capped HUI vs SPX many times last year has done so again but the 250 week (roughly 5 year) moving average was taken back while the RSI broke out to its highest reading in 3 years.
https://stockcharts.com/h-sc/ui?s=%24HUI%3A%24SPX&p=W&yr=5&mn=2&dy=0&id=p72747838304&a=1936230667
XAU vs Dow closed the week right at resistance…
https://stockcharts.com/h-sc/ui?s=%24XAU%3A%24INDU&p=W&yr=3&mn=0&dy=0&id=p60275356723&a=1916649000
GLD filled Tuesday’s gap yesterday.
https://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=1&mn=1&dy=0&id=p95820870144&a=1936244371
as always, Matthew, thank you for your help. what is your opinion on silver? too many say $100 – 200. sounds unrealistic. all the best.
Hi Alex, I am very bullish silver and have increased my positioning in silver stocks in recent months. Gold and silver have been rising very similarly against the dollar and that has to end for the silver stocks and silver itself to really move. Silver needs to outperform gold by enough to break out versus gold. When that happens we will see the whole sector perform much more impressively but especially the silver juniors.
Triple digit silver is coming but not soon. Keep in mind that the gold-silver ratio traded under 50 during 15 months out of 24 in 2006 thru 2008. This ignores the 2010-11 run that took the ratio down to 32. In other words sub 50 was not extreme. If the ratio were below 50 today with gold at $3,020 silver would be over $60 but longer term I see gold much higher than 3,000 and a gold-silver ratio much lower than 50 so $100+ silver looks inevitable even without all the stories about its bullish fundamentals. Today the GSR is over 91 and probably heading higher before it finally turns down convincingly so I’m taking this opportunity to buy more miners and add to existing positions.
A very important breakout is coming for silver vs gold but it might still be months away. Here are two fork resistances I’ve been looking at for a long time:
https://stockcharts.com/h-sc/ui?s=%24SILVER%3A%24GOLD&p=M&yr=50&mn=0&dy=0&id=t5424303555c&a=731268300&r=1742677376065&cmd=print
Great chart. Tells a lot. Thank you.
They should rename Gold and call it Jack the Crack Ripper! LOL! DT
https://www.tradingview.com/x/H4bqnzHJ/
DOLLAR : Breakout Consolidation!
Successful Bottom Test?
https://www.tradingview.com/x/JRFgHK3T/
SILVER : Pull Back Soon?
https://www.tradingview.com/x/8XahyuV1/
GOLD : Trading Range Plateau
https://www.tradingview.com/x/Vu0gfmF1/
GDX : Back To Fill Zone. Gap Too?
Right now, there is a civil war happening in The DRC (Democratic Republic of The Congo) that is one of the big drivers behind the price of copper. The DRC is the 3rd largest copper producer in The World right behind Peru and Chile. A number of mines are shuttered until this can be resolved. Once it is over the price of copper should settle down. That could be tomorrow or next year, this country depends on mining so I’m not expecting this to be a prolonged engagement. DT
Check out this table showing many nations real GDP Capital Growth over the last decade.
The US is in the upper-middle of the pack, but Canada is way down at the bottom of the list. Obviously, the fiscal plan over the last decade for our friends to the north failed to deliver, and yet they are setting up to elect the exact same group of politicians that got them these poor economic results.
Hopefully both countries implement fiscal policies and macroeconomic initiatives that will foster success in business and lead to better GDP capital growth.
https://cdn-ceo-ca.s3.amazonaws.com/1ju0q61-Real%20GDP%20Capital%20Growth%20Over%20Last%20Decade.jpg
Canada’s economy is much worse than most of our citizens realize, if anybody has been reading my posts for a long time, I have been mentioning this. It is a shame that we have suffered under these green carbon policies that punish the wealth building sectors. The public is very fickle, since Trudeau has left, his self-appointed replacement Mark Carney is ahead in the polls. Yet Carney who was responsible for most of these policies has captured the lead. The left is very strongly entrenched in this country and when Donald Trump got elected south of the border, he has frightened the electorate because they are afraid of losing their entitlements. Trump has changed the equation for Canada, this election has flip flopped overnight as Canadians became frightened of a competitive economy where the government would see job losses and social programs cut. DT
+1 Well stated DT.
Australia also bringing up the rear, pathetic but at least better than Canada. Bad government
HELP !!! I feel very guilty i have some other people’s share , what should i do .
Haha! You always crack me up IrishT.
Don’t feel bad if your gold/silver stack is more than the average global citizen. All is not fair in life, Easter egg hunts, or PM stacking….
Even if every citizen in the world was given one troy ounce, in a matter of a decade or two, most of them would still end up in the hands of the few, as the masses will never understand sound money or money management.
Cheers and I hope you were excited last week when gold broke out above $3,000 on St. Patrick’s Day!
Hi EX … Yes i was very happy with $3,000+, now i’m just waiting for silver to go ..GIDDY-UP.. Hi Ho Silver.
As a kid, Kemosabi and Tonto were my favorites.
The Danger Of Betting Big On Big Tech Today
Jesse Felder – The Felder Report – (03/22/2025)
Trump’s tariff policies are now driving up the price of gold. He is signaling to the rest of The World that America has lost its industrial base, and that it will take many decades to get it back. That with the fact that America is not willing to honor the money of foreign countries when they confiscated Russia’s $300 billion by impounding it through the swift system.
America only has debt left after 80 years of foreign wars. No wonder gold is screaming higher as the dollar sinks and the Fed needs to gut rates so America can pretend to service its debt. DT