Weekend Show – Jeff Christian & Josef Schachter – Commodities Deep Dive: Silver Mania and Energy Opportunity
This weekend’s KE Report takes a deep dive into the commodity complex with two veteran voices. In the first half, Jeff Christian, Managing Partner at CPM Group, dismantles popular narratives around silver. In the second half, energy strategist Josef Schachter, founder of the Schachter Energy Report, explains why oil and gas may be setting up for a powerful rebound despite weak prices.
- Segment 1 & 2 – Jeff Christian, Managing Partner of CPM Group, kicks off the show to break down the sharp surge in silver prices, explaining why investment demand, not a true supply shortage, is driving the move, while also addressing scrap supply, ETF flows, margin hikes, solar demand substitution, and why metals remain supported amid global economic and geopolitical uncertainty.
- Click here to visit the CPM Group website to learn more about the firm – https://cpmgroup.com/
- Segment 3 & 4 – Josef Schachter, founder and editor of the Schachter Energy Report and the Eye On Energy Report, wraps up the show to break down the macro outlook for oil and natural gas, explaining why oil prices remain range-bound amid oversupply concerns, weak demand, and geopolitics involving Venezuela and Iran. He also outlines how low prices, hedging strategies, dividends, and rising M&A activity are shaping opportunities in Canadian and U.S. energy stocks, including what could trigger his next “table-pounding buy” in the sector.
- Click here to learn more about The Schachter Energy Report – https://schachterenergyreport.ca/
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Well I’m sure that Canada getting cozy with china and other bad actors will make things a lot better going forward 🙂 RR
Absolutely, Canada has played its part, no doubt about it! By the way I know what you mean, if I could change it I would. DT
Canada has been cozy with the world’s worst bad actor down south for more than 100 years, making itself a bad actor also.
Canada must become more independent by building pipelines to both coasts, that way we can negotiate our precious commodities like Gas and Oil, without making deals that involve EV’s. I wonder how well these EV’s will survive in our winter. Winnipeg Manitoba reached -40 degrees C with the wind chill factor last night and in Ontario it was -27C. DT
DT,
FYI, I’m in Winnipeg.
Come by my igloo anytime.
Rod / Dick / Terry. An hour ago while driving my car , listening to British news on the radio . The news reader said that trump ( the idiot ) was going to impose 100% tariffs on Canada , if they trade with China. That man is going to be the death nail in the US dollar , if he keeps this nonsence going on for much longer .
Tony, it doesn’t matter whether you are running a country or a biker’s gang, if you are fighting a war on more than one front, your country or your gang will collapse internally. If you read history you will know this. DT
Trump threatens One hundred per cent tariffs on Canada after China Deal! DT
DT: Germany lost WWII that way. Not taking Gibraltar was its doom. BDC
For the first time since 2014, the USD has closed a week below the 600 week moving average…
https://schrts.co/KuDbkDQj
I guess we know why silver has shot up to hopefully a new trading range, I didn’t even take myself seriously when I said a new trading range over $100 was possible.
BTW, I agree with Jeff about a potential short term supply glut from scrap recycling but as of now they are not caught up. Not worth selling scrap for now. Grannies’ silver teapots are piling up, 🤣
Harry the coin dealer, refiners not taking alloyed silver coins… hit $100, continuation to $150!
https://www.youtube.com/watch?v=ug4zzRlHPFs
I would have more in silver coins if I would have bought only bullion coins, most collector stuff is not worth the premiums. Come to crunch time and silver is silver no matter what is on the face, 999 or 9999 is the fastest and easiest to turn into 1k bars for industrial use.
I’m not in a place to agree or disagree with Jeff about a supply glut but I have a feeling it’s not worth worrying about. An awful lot of granny’s silver has already been recycled over the last 50 years. Since dumb money obtains its confidence from rising prices and rising prices alone, it’s probably safe to assume that it is now buying more than it is selling.
I can say I was apart of the $100 silver club for 2026……..but never imagined it would be January. I was looking more late spring early summer.
I took your new trading range seriously for a number of reasons despite the scarily overbought and persistently vertical action lately. There are more important factors in play than those usually very important technical concerns. The dollar’s plight is one but it’s probably more important that the sector has broken out in a big way against the stock market. Behold the massive base for this brand new development:
https://schrts.co/YQXdrqyF
All that “QE” (theft/wealth transfer) that levitated the stock market for many years is now going to flow into the entire gold sector as well as most commodities.
I also see more big downside for the bond market before any significant upside. That, of course, will be very positive for gold and silver.
https://schrts.co/iIBWTtES
It’s only week 2 of this SILJ:GDX breakout and week 1 if we’re more concerned with intraweek readings than weekly closes:
https://schrts.co/TmvvCbbn
https://www.tradingview.com/x/K042MqKQ/
NatGas : Cyclical Downtrend Likely
If so, from a higher level.
https://www.tradingview.com/x/lKZB1vGM/
Natural Gas : The Road Ahead?
Nope!
The same fork that stopped silver in 2020 put up no fight this week despite its resistance being at a big round triple digit number. If the bear’s can’t stuff it next week, get ready for about $130 next.
https://schrts.co/fXaxMdTX
Hi Matthew, after buying ISLVF@ .29 this month I added more yesterday when it fell to .37
Do you know what their silver reserves are? I checked their website but could not find reserves or production. I heard an interview with Q. Hennigh who said that Impact may have as much silver in their land as VZLA. That would be something!
Hi Bonzo, I agree with Hennigh but no one really knows how much silver they have because they don’t spend their money on the drilling necessary for a 43-101 compliant estimate. I’ve always liked that approach but it does turn a lot of people off.
Silver Miners – The Secret Leverage: “There’s not a lot of pure silver miners… 70-80% of silver is mined as a byproduct.” “Price of silver could go to $200/oz and the amount mined probably wouldn’t go up.”
This is a Doug Casey quote! I’ve heard it before but it is worth repeating especially at this stage. DT
Another Doug Casey quote: DT
“When the market wants into silver and gold stocks it’s like trying to force the contents of Hoover Dam through a garden hose.”
DT, did you hear what Doug Casey said about Impact Silver?
Terry, I didn’t here what Dr. Q had to say about Impact, maybe you could post a link. DT
Quinton Hennigh on Impact Silver, if this is the video you are talking about where Cory does the interview. DT
Thanks for the explanation of the lack of reserves data. But it is reassuring that QH thinks there is a lot more silver on their property.
And with silver up around 10% today so far my miners are doing about half that! This is getting so very old.
BDC, you are fond of looking at your lines and squiggles on HydroGraph, give us an update on your thoughts, I think we will see a much higher share price soon. There is anticipation for updates on the Nasdaq listing, a contract with The DoD, and EPA approval. The price has been very strong and holding. This time I want to hear your thoughts which usually contradict mine. The shorts which Doc thought would knock the legs out of my chair haven’t shown up. The shorts are the ones who should be very worried. DT 🤣💪👌
Will do.
https://www.tradingview.com/x/2y7dJW13/
First, the current Dollar collapse.
HydroGraph (HGRAF)
Inverse Head & Shoulders. Pushing Into Resistance. Beware Dollar Bounce. BDC
P.S. Beware non-linear events!
Where’s Ex these days he must have an AI girlfriend. LOL! DT 🤣🤣🤣
😍😍😍
I spotted Ex at MIF earlier today. Also Pittsburgh great Sid the Kid in the hotel lobby lol.
Never forget Sid taking a corner pass from Iginla and firing one past the helpless US goaltender to take the Gold at 2010 Winter Olympics.
Over the last two weeks I have had good luck with Ascot Resources and Kingfisher. Monday should see some movement in San Lorenzo Gold based on some comments by the CEO at the MIF conference Friday concerning some drill results. Magma Silver also moved about 22% Friday.
Bob Moriarty Say’s this is his favorite copper stock now! Copper Bugs! LOL!DT
https://www.youtube.com/watch?v=RAhoIJ5hSBw
Asymmetric Alpha: How to Invest in the Graphene Unicorn Before The Nasdaq Listing! DT
GORO to merge with Goldgroup Mining. GGAZF
Brixton moving nicely lately. Matthew. Thanks for the lessons. Impact too. Laggards are starting their catch up just like in past metal rally’s.
Brixton’s action sure looks a lot better and more durable than what we saw in June. Most of these tiny caps are very likely to outperform last year’s winners when it’s all said and done.
https://schrts.co/XsKcQGRi
Silver, 1h, $110+…
Gold at $5200 and silver at $130 equals 40:1 ratio… maybe time fer a breather after? Maybe gold at $5600 and silver at $140 or gold at $6000 and silver at $150 for a 40:1 ratio. Just throwing stuff at the wall and seeing if it sticks…
At 2x leverage the silver shorts are down around 25% today… ouch!
Hey Ex. Enjoyed your substack update on your busy weekend. Looking forward to the hot chili update. Brutal spread on it here in Canada. Seems it’s way better followed in Australia but markets were closed there today it seems.
DEF was up almost 10% to start the day but then pulled back more than that to fill its gap. It looks like this .618 Fibonacci resistance had something to do with it. All good.
https://schrts.co/iJqScyJm
Did I miss something on IPT or did I just curse it when it was up nicely first thing this morning
Nat Gas has gone up 70% in three days, just another indication that The World’s economy is baubling in a BuBBle! You can’t rationalize such an enormous move in such a short time except to say that this is another symptom of an economic system that is off the rails. DT 🧨