Minimize

Welcome!

Weekend Show – Craig Hemke & Dan Steffens – 2026 Outlook: Gold, Silver, Energy Stocks 

Cory
December 27, 2025

 

This Weekend’s Show we are replaying two big-picture conversations from earlier in the week. Craig Hemke explains why this metals run looks structural (not just momentum), while Dan Steffens lays out how a “glut” narrative in oil could flip, at the same time LNG-driven natural gas demand tightens and energy stocks offer dividends, buybacks, and M&A-driven upside.

 

  • Segment 1 & 2 – Craig Hemke, founder and editor of TF Metals Report, joins the KE Report to recap an extraordinary year for gold and silver, explaining the structural forces behind record-high prices, why mining shares remain undervalued, and what macro signals – like central bank policy and yield-curve control – could drive the next phase of the precious-metals bull market into 2026.
  • Click here to visit Craig’s website – TF Metals Reporthttps://www.tfmetalsreport.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:

 

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.

 




 

Craig Hemke
Dan Steffens
Discussion
12 Comments
    Dec 27, 2025 27:12 AM

    2025 was really a great year for precious metals investors

    Gold had a great 70% gain
    Silver had a fantastic 150% gain and outpaced Gold considerable
    Gold is also all over in the public media

    This tells me that we are well into a historic bull market

    For me it is the first gold bull market I am fully invested in

    How to ride this bull market?

    I am not a trader, so I can‘t do it the Shad style 🙂

    I am more a long term holder/believer. So what is the right style for this type of investor?

    Reply
    Dec 27, 2025 27:53 AM

    This Gold Bull Market in Precious Metals has gotten so silly and the prices for the physical have gotten so ridiculous that all you have to do is look for companies that have a lot of gold, silver, platinum, palladium, rhodium………………. (one or all of the just mentioned) in the ground.

    Take Omai Gold Mines they have got a lot of Gold, period. The junior market is where you want to be now for the big gains. (DYODD)

    IS THAT YOU SANTY CLAUS! FEE FIE A PINCH IN MY KNEE! THAT’S HIM ALRIGHT! LOL! DT 🤣😊🎉🎈

    Reply
    Dec 27, 2025 27:38 AM

    Shanghai Silver Price in Dollars
    81.99

    USD/OZ

    Last Updated: Dec 26, 2025

    Reply
    21 hours ago

    The US dollar is toast, Gold and Silver go up for one reason when its priced in US dollars. Get your wheelbarrow out full of cash, you will need it to buy a loaf of bread! Then you can put your bread in the toaster and make US dollars! LOL! DT 🤣🤣🤣

    Reply
    20 hours ago

    The stocks will out perform the metals this year. Check the $xau:$gold ratio on the monthly chart. It appears that the ratio has been in a channel and ready to break out with pricing moving above the 200 month moving average. Personally, I’m in the highest amount of stocks % wise that I’ve been for 5 + years. The largest % are the PMs and commodities. I’m starting to purchase energy stocks.

    Reply
      11 hours ago

      That’s correct Doc! Also i expect that breakout to coincide with the Cad making a run to the 200 day on the monthly..i spoke previously about cad going on fire here..i would guestimate 4/5 month run before a pause/correction.

      Reply
    13 hours ago

    Precious Metals At All-Time Highs Give Investors A December To Remember

    Excelsior Prosperity w/ Shad Marquitz (12-28-2025)

    Charts of gold, silver, platinum, palladium, GDXJ, and SILJ

    https://excelsiorprosperity.substack.com/p/precious-metals-at-all-time-highs-f9e

    Reply
    BDC
    9 hours ago
      BDC
      9 hours ago

      If so, Holders should Hedge.
      Traders should Sell.

      Reply

Leave a Reply to Excelsior CANCEL

Your email address will not be published. Required fields are marked *