Market Reports

Precious and Base Metals

Scotiabank's metals team provides in-depth insights, thematic and macro-economic content primarily focused on base and precious metals. 


Below, find macro, technical and fundamental strategy reports focused on trade ideas, market risks, and the unfolding outlook for metals. 

Correlations with the Canadian Dollar

Eric Theoret, Currency Strategist, discusses oil prices and yield spreads as key drivers for the Canadian dollar, providing a forecast into 2019.

Watch Video

Nick Likakis, Managing Director and Global Head, Commodity Derivatives Origination, and Nicky Shiels, Director, Commodity Strategist, discuss the commodity markets and how Scotiabank works with clients to mitigate risks across precious metals, base metals and energy.

Market Commentary

Metals Strategy: Exploring the connection to oil prices UPDATED TABLE
March 31, 2020
Metals Strategy: Gold: How to think about Physical Demand vs Supply Risks
March 27, 2020
Metals Strategy: Chart of the Week: Stimulus and Gold then (Lehman) vs now (COVID-19)
March 24, 2020
Metals Strategy: Copper: How to think about Demand vs Supply risks
March 19, 2020
Metals Strategy: Macro Update & Precious Floors PART 1
March 17, 2020
Metals Strategy: Exploring the connection to Oil prices
March 11, 2020
Metals Strategy: Commodities pricing in an L-shaped recovery
March 9 2020
Metals Update: What does the Fed know...(that we don't)?
March 3, 2020
Metals Update: Equity market volatility and why Gold hasn't responded
February 28, 2020
Gold: analyzing strong gold inflows (investors & CB) vs physical dishoarding
November 11, 2019
Phase one deal, macro trends & calendar into year-end
November 6, 2019
The Fed & Gold: preparing for another cut, but the devil is in the details
October 29, 2019
Precious Update: The Saudi oil disruption; Platinum Week thoughts
September 16, 2019
Renewed risks driving a new regime: presentation for base & precious metals
September 2019
Gold & trade update, its fear premium and positioning
August 14, 2019

Our Team

Nicky Shiels

Director, Commodity Strategist