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Weekend Show – Brien Lundin & Dan Steffens – Metal Sell-Offs to Energy Supply Shocks: Gold, Silver, Oil and Nat Gas

Cory
March 28, 2026

 

This Weekend’s Show explores a stark contrast in the resource sector: a “volatility blowout” in precious metals driven by shifting Fed expectations and Western speculation, set against a backdrop of tightening global energy supplies. Guests Brien Lundin and Dan Steffens dive into why current price drops in gold and silver may be a classic “snapback” opportunity, while the oil market faces a legitimate physical deficit that the forward curve has yet to fully price in.

 

 

 

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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.

 


Brien Lundin
Dan Steffens
Discussion
18 Comments
    16 hours ago

    There’s going to be one more push for mining equities higher but looks like January high in Silver was “the peak” and it will take several years to revisit that level. I won’t be surprised if silver goes below $50 or even in 30’s. Looks at this hellacious doji
    https://www.tradingview.com/x/ZvPiTkmk/

    Reply
      15 hours ago

      If all you do is read charts and/or follow sentiment you will lose because the market is much smarter than you are. You must not let your hubris think that you can predict this market, the market leads where it wants to go, you must follow it if you want to be a successful trader. DT

      Reply
        14 hours ago

        Yup. Charts are not be all and end all but mere a tool for probabilities, not prophecy. But they provide a context and broader macro for direction. When you have 90% of the retail folks singing the same tune you better look at the opposite side.

        Reply
          BDC
          14 hours ago

          Exactly! Every significant future event is 50/50.
          Even 100:1, that could be the One. BDC

          Reply
          BDC
          14 hours ago

          https://www.tradingview.com/x/fpt6MEnY/
          SILVER : Sideways For The Now?

          Reply
          13 hours ago

          Because you read charts does not mean you are looking at the other side or any side for that matter because you are interpreting through your particular lens and all humans are flawed in their perceptions and don’t want to admit it that is why 95% lose their money. Let the market be your guide.

          Traders money is stolen by professional investors that have for more tools at their disposal than you do and institutional capital. DT

          Reply
            12 hours ago

            Thanks for the TED Talk nobody asked for.

            10 hours ago

            CaliJoe, you are welcome, but I know you didn’t appreciate hearing that! You shouldn’t express your ideas if you don’t want to be challenged. Playing the markets isn’t about one’s ego. It is a cold ruthless business that involves money. If you don’t get that you never will. DT

            9 hours ago

            Says the guy who plays penny stocks Ha. Dropping unsolicited TED Talks on ‘cold ruthless business’ is peak comedy. You didn’t say anything new btw, If a little pushback makes you clutch your pearls, maybe the ruthless part isn’t the market… it’s having your assumptions gently questioned. Markets don’t care about feelings—yours or mine. They care about being right. I’ll keep swinging. You do you.

            9 hours ago

            Thanks for agreeing with me. You just reiterated what I told you. LOL! DT 🤣🤣🤣

            9 hours ago

            Enjoy your toddler-level victory laps. Btw what’s up with emoji’s? Like a clown high-fiving himself in the mirror.

            8 hours ago

            BTW, You are funny, do you like Garry Shandling! LOL! DT

    BDC
    14 hours ago

    Extremism in fuel efficiency regulation has led directly to massive engine failures throughout the auto industry due to induced designs which are unrealistic, including such ridiculous ideas as broad usage of 0 Weight Oil (so stupid that it must have been planned)! BDC

    Reply
      13 hours ago

      Another dumb idea are hybrid cars just ask the mechanics who fix them and the owners who must pay for that maintenance. Two systems in one set-up are double trouble and that will come with the same ratio of costs. DT

      Reply
    BDC
    12 hours ago

    https://www.tradingview.com/x/dGRowNe6/
    BITCOIN : Fractal Expander Exit

    Reply
      BDC
      9 hours ago

      On February 11th Bitcoin entered a small beginning Expander which completed on the 24th. A small closing Expander began on March 19th and closed on Friday, March 27th. The entire sequence comprises an incomplete large Expander, a Fractal. This may or may not complete to the downside (4hr). BDC

      Reply
    10 hours ago

    From Impact Silver’s November 27/25 third quarter earnings report: “Subsequent to the end of September, extraordinary rains flooded certain areas of the mine and damaged a number of the access roads at Plamosas. No equipment was lost and all personnel were safe but production was interrupted for a number of days.”

    I’ve been watching for updates since then but not a mention of this from the company–not even in the recently announced production halt at Plamosas.

    And I was looking forward to the Q4 earnings report to see if the company had turned the corner into profitability…which may yet be…but it’s just not a good look.

    Reply
    BDC
    8 hours ago

    https://www.fibonomics.com/2025/03/american-dollar-gold-backing.html
    Fractional Reserve Gold will change its status.
    Using FOMC rates to adjust the money supply is clumsy.
    Adjusting the Fractional Rate will work immediately, if enabled. BDC

    Reply

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