Weekend Show – Brian Leni & Josef Schachter – Rotating Some Profits Out Of Precious Metals? Copper and Oil/NatGas Equities Analysis
This weekend’s KE Report dives into two overlooked corners of the resource market. First, we sit down with Brian Leni, who shares why rotating profits from precious metals into copper, nickel, and undervalued juniors is the contrarian play. Then we shift gears with Josef Schachter of the Schachter Energy Report, who outlines why oil and natural gas remain sluggish today but could be setting up for a major multi-year rebound.
- Segment 1 & 2 – Kicking off the show is Brian Leni, founder and editor of Junior Stock Review, who recaps the Metals Investor Forum and makes the contrarian case for rotating some profits from the hot precious-metals trade into undervalued copper and nickel. Focused on copper stock analysis he stresses bottom-up analysis over EV/lb shortcuts, the primacy of infrastructure/jurisdiction and major-partner backing for capex-heavy projects, cautioning against small early-stage hype.
- Click here to visit the Junior Stock Review website to keep up to date on what Brian is investing in
- Segment 3 & 4 – Josef Schachter, founder and editor of the Schachter Energy Report (and author of Eye on Energy on Substack), also hosting the Catch the Energy conference in Calgary on Oct 18. He outlines why oil and gas are soft near-term (seasonality, rising OPEC/Kurdistan supply, resilient U.S. output), expects WTI to test $57–59 before recovering toward the $70s next year and potentially $80+ in 2026, sees nat gas improving with winter and LNG Canada, and favors dividend-paying names, selective small caps, and M&A opportunities after a further washout.
- Click here to learn more about The Schachter Energy Report and Josef’s Catch The Energy Conference in Calgary on October 18th – Email me at Fleck@kereport.com to be entered into a draw to win 2 free tickets to the conference.
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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 may own shares in companies mentioned.
Glen, I remember iamgold was your favorite position. Congratulations. This is not a market to exit. I can remember when I was 0 % in equities in 2020 and then slowly began to build my PM stock positions. I’m now almost 50% in equities with about 90% of that in PM stocks. I believe we may have some short term pullbacks and consolidations in them now but we have a long way to go in this PM market. I’ve had a nice return on banking preferred bond dividends which I got into when silicon valley bank got in trouble and everyone ran to the exits on Banking stocks. I got some great discounts on the bonds with high dividends and over time the bonds have moved back to par with those nice dividends. I’m letting my PM stocks now run with low cost averaging and am very selective in the conventional stocks I’m purchasing—always looking for stocks that have been beaten down that no one wants but yet have good underlying businesses. The other thing people should consider is that there is a second leg down that is coming for the treasury bond market. That is when folks better be ready for the conventional market to absolutely get crushed. The long term rates have barely moved when Powell recently lowered the Fed Fund rate. That should be a warning signal to folks.
I might add that I’m attempting to increase my position in oil stocks over time. Also have a long term position in uranium stocks.
There are 132 oil refineries in the US almost all of them were set up to refine only heavy crude. To convert all these refineries over to refining light crude would cost billions of dollars per refinery. Nearly all the oil America produces is light oil and they are the largest daily producers in The World, but they must sell most of it because of the design of their refineries. A big portion of the heavy crude that America relies on for their refineries comes from the province of Alberta, Saskatchewan, and the Canadian tar sands, and Mexico. They used to import heavy oil from Venezuela but the socialists that have been in power for the last 30 years have destroyed Venezuela’s heavy oil export business. Venezuela has tar sands bigger than Canada’s and in fact Venezuela has the largest resource of crude oil in The World (bigger than The Saudis) and most of it is heavy crude.
Now you can see why Trump is so interested in Venezuela but on the flip side if America gets control of Venezuelan oil they can by-pass Canadian heavy crude and this will be very, very, bad news for Canada. DT
Josef Schachter is slightly conservative imo with his WTI target. I do agree once the low is in place, which could take another 2/3/4 months up she will go! This is why I’m extremely bullish as well with the mining companies and their revenues.
Euro/CAD are going to absolutely obliterate USD in the next 4/5 months..
Iamgold has been a huge winner for me after all these years.
If you’re not already loading up on Brixton at these ridiculous prices, then you don’t deserve to make money.
I’m expecting silver to rip through $50 and not look back. Similar to what gold did when the guru
Garoth Soloway got it wrong with his famous return to the scene of the crime. Well, we all know gold took off at that $ 2045-ish level and see you…Expecting the same or, at most, a $5 drop and rip.
Best of luck