KER Market QuickTake – Post-Conference Chaos: Analyzing the Massive Gold & Silver Reversal
In this KER Market QuickTake episode, hosts Cory Fleck and Shad Marquitz provide a post-mortem analysis of the recent Metals Investor Forum (MIF) and Vancouver Resource Investment Conference (VRIC). After a week of historic volatility in the precious metals sector, the team breaks down the shift in investor sentiment from extreme euphoria to the “gut-wrenching” price action seen at the end of January 2026.
Discussion Highlights:
- Conference Euphoria and Market Sentiment: Shad and Cory recount the high-fives and hugs seen in Vancouver as Silver briefly touched triple digits and Gold approached $5,000, signaling a level of retail excitement not seen in over a decade.
- The Historic Reversal: A deep dive into the massive price drop on January 30th, where Silver fell over 30% from its intraday highs, and whether this represents a healthy correction or a definitive blow-off top.
- The Rise of the Generalist Investor: Observations on the return of family offices and promoters from other sectors, highlighting a significant increase in liquidity and financing sizes for junior miners.
- Strategic Resource Rotation: Why smart money is currently rotating profits out of precious metals and into “energy metals” like Copper, Lithium, and Uranium, as well as traditional Oil and Gas.
- Government Intervention & Policy: Discussion on the impact of “Project Vault” – the U.S. government’s new $12 billion mineral stockpile initiative – and its implications for critical mineral supply chains.
Let us know your thoughts on the KER Market QuickTake – Fleck@kereport.com and Shad@kereport.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 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.
Wow, a shift after a 40% haircut in silver. That’s a shocker.
Glen, I agree with you on a lot of what you just said. I mentioned 3 years ago that we would see a stair step recovery before a blow off. We’re entering another step that may last a good number of weeks. I will continue to add during this time waiting for the next push higher.
Great discussion again guys. The QuickTake remains a fantastic idea.
Much appreciated Lakedweller2. We enjoy weighing in on things ever couple weeks at key inflection points.
https://www.tradingview.com/x/aBNAUX6i/
DOLLAR : Consolidating Up?
4 Days Of PM Volatility, 3 M&A Deals, 2 Critical Minerals Policy Bumps, and Dr. Copper In A Pear Tree…
Excelsior Prosperity w/ Shad Marquitz (02-04-2026)
Charts and discussion around gold, silver, copper, Eldorado Gold, Foran Mining, Emerita Resources, Allied Gold, Zijin Mining, McEwen Mining, USA Rare Earth
https://excelsiorprosperity.substack.com/p/4-days-of-pm-volatility-3-m-and-a
Run It Hot: Trump, The Fed, & The Coming Currency Debasement
“The Trump administration has made no secret of its desire to push the monetary easing pedal to the metal, even as the engine is already near the red line. They intend to push the system as hard as possible today and worry about the consequences later. One reason may be to inflate the stock market ahead of the 2026 midterm elections.”
“I expect Trump will get his way with the Fed in 2026, and that the central bank will bend to his demands. By replacing Powell, Trump will further stack the Fed with loyalists. The result will be money printing on a scale we’ve never seen before.”
Further, Stephen Miran — another of Trump’s recent successful nominees to the Federal Reserve Board — has been pushing the idea of what he calls the Fed’s “third mandate.”
Traditionally, the Fed has two mandates: price stability and maximum employment. Miran’s proposed third mandate would be for the Fed to “moderate long-term interest rates.”
“What that really means is that the Fed would openly finance the federal government by creating new dollars to buy long-term debt, keeping yields artificially low. In other words, the so-called third mandate is an explicit admission that the Fed is no longer independent. It would become a political tool used to fund government spending.”
https://www.zerohedge.com/political/run-it-hot-trump-fed-coming-currency-debasement
I’ve shifted, but listen carefully! There is a very good possibility that we have topped in gold and silver, but explorers and small caps could have another up week tick. The correction I have spoken about could be here by next week, or the other, and gold and silver have already spoken. Down to sideways 3-4 months maybe 5.. However, some miners are still going up.