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

Mar 28, 2026

Brien Lundin, editor of the Gold Newsletter and mining specialist, sees recent gold and silver sell-offs as volatility-driven buying windows. Dan Steffens, energy research president, explains how Middle East tensions and Strait of Hormuz risks are creating a real oil and LNG supply shock. They compare precious metals snapbacks to tightening physical energy markets and highlight sectors and names positioned for the moves.

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INSIGHT

Fed Policy Shift Drove Metals Volatility

Precious metals sold off mainly due to shifting Fed expectations after an oil price spike, not geopolitics directly.
Brien Lundin notes volatility

ADVICE

Buy Quality Metal Stocks On This Pullback

Buy the dip in quality precious metals and miners because fundamentals (debt, monetary pressures) remain bullish long-term.
Lundin highlights majors are safer while juniors are cashed up and about to run large 2026 exploration programs.

INSIGHT

Asia-Led Speculation Drove Recent Metal Selling

COMEX open interest is at multi-year lows while global ETF holdings have fallen following price declines.
Brien says much selling likely came from speculative activity on Asian exchanges, reversing historical patterns.

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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.

Segment 1 & 2 - Kicking off the show Brien Lundin, editor of the Gold Newsletter and host of the New Orleans Investment Conference, shares his insights on the current state of the precious metals market, explaining that recent volatility and sell-offs are largely driven by shifting expectations of Federal Reserve policy in response to an oil price spike and persistent inflation. Brien remains fundamentally bullish, viewing the downturn as a prime buying opportunity for high-quality major and junior mining stocks, particularly as the sector remains well-capitalized for extensive exploration programs in 2026.
Click here to learn more about the Gold Newsletter. - https://goldnewsletter.com/
Click here to learn more about the New Orleans Investment Conference on October 28-31.

Segment 3 & 4 - In this segment of the KEE Report, Dan Steffens, President of the Energy Prospectus Group, discusses the current state of the oil and energy sector in light of the ongoing conflict between Israel and Iran. Steffens highlights the impact of the Strait of Hormuz closure on oil supply, provides insights into future oil and natural gas price trends, and identifies specific energy stocks and special situation investment opportunities.
Click here to visit the Energy Prospectus Group website for more energy market and stock analysis - http://www.energyprospectus.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.