De-Dollarization, Debasement & Diversification: Precious Metals with Nicky Shiels
The HC Commodities PodcastShow Notes
Today we discuss gold, silver and the platinum group metals. What drove the huge run-up in prices for all of them in 2025 and into 2026, and was the US-Iran war just a setback to those prices or the end of a bull market? Our guest is Nicky Shiels, Head of Research and Strategy for MKS Pamp, a global trading house and refiner for precious metals serving a diverse and global customer base.
More from The HC Commodities Podcast
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Today, we return for part two on the predictability premium - how trading organizations can boost valuations of the asset-backed organizations they're within. One of the major challenges in creating a commercial organization is translating that value to the board and addressing their questions. That's what we're tackling in part two today - how to win the mandate to build a commercial organization and how to maintain it. Our guest is Christian Lins, Partner at Oliver Wyman in their risk and trading practice, which he leads in North America, and Christian's based in Houston.
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Recorded at the Canadian Crude Oil Conference on September 16 in Lake Louise, Alberta, Paul Chapman interviews Adam Waterous on the state of Canada's oil sector against a backdrop of worsening relations with the US and events in the Middle East. And what will it take to turn its enormous energy advantage into economic value. Adam is the founder, managing partner, and CEO of Watrous Energy Fund. Before founding Watrous Energy Fund in 2017, Adam spent more than two decades advising energy industry through Watrous & Co. and later Scotiabank. After spending much of his career advising others on transactions, Adam became an investor himself. Through Watrous Energy Fund, he and his team have built Strathcona Resources and Greenfire Resources into significant players in the Canadian energy industry. Adam brings a unique perspective to today's conversation: banker, deal maker, investor, and company builder. So what will it take to truly make Canada an energy superpower?