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

Dec 27, 2025

Craig Hemke, founder of TF Metals Report, dives into the structural drivers behind record-high gold and silver prices and argues that mining shares are undervalued. He discusses macro signals that could influence the metals market into 2026. Meanwhile, Dan Steffens, president of the Energy Perspectives Group, shares his outlook on oil and natural gas, predicting that LNG demand will tighten while highlighting undervalued stocks. He also emphasizes the importance of balancing dividends, buybacks, and growth in energy portfolios.

Ask episode

AI Snips

Chapters

Transcript

Episode notes

INSIGHT

Metals Rally Looks Structural

Gold and silver's 2025 rally shows structural forces, not just momentum.
Central bank demand and policy shifts underpin a durable precious-metals bull market.

INSIGHT

Oval Office Moment Fueled Market Shift

A February Oval Office remark signaled intent to monetize asset sides of the balance sheet.
That event helped catalyze market perceptions driving gold demand and de-risking fiat.

ADVICE

Ride The Trend Until It Breaks

Don't fight the trend; ride uptrends until they break.
Use the pattern of moves and consolidations to stay positioned through rallies.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

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 Report - https://www.tfmetalsreport.com/

Segment 3 & 4 - Dan Steffens, President of Energy Prospectus Group, joins the KE Report to share his outlook for oil and natural gas heading into 2026, including why modestly higher prices could still drive strong cash flow for producers. He also highlights standout large-cap, mid-cap, dividend, and royalty stocks, discusses M&A opportunities, and explains how he balances income, growth, and risk across his energy portfolios.
Click here to visit the Energy Prospectus Group website for more energy market and stock analysis - http://www.energyprospectus.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:

The KE Report: https://kereport.substack.com/

Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

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.