Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, January 22, 2013
Precious Metals	Price (US$/oz.)	Change
Gold	$1,692.50	11.5
Silver	$31.94	0.75
Platinum	$1,686.00	-11
Palladium	$717.00	2
Base Metals	Price (US$/tonne)	Change
Nickel	$17,450.00	59
Lead	$2,320.50	21.25
Copper	$8,102.75	48
Zinc	$2,042.75	11

LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, January 21, 2013 (change from January 14, 2013 in brackets):
Aluminium Alloy	87600	(-140)
Aluminium	5177475	(-6150)
Copper	345525	(+15800)
Lead	294500	(-7025)
Nickel	148020	(+960)
Tin	12930	(+230)
Zinc	1222850	(+6925)

Producer and dealer prices

Antimony: Mid-mkt US$11,800.00/t
Bismuth: Mid-mkt US$8.50/lb.
Cadmium: Mid-mkt US$0.91/lb.
Coal: CME Group Central Appalachian Coal Futures
February 2013: US$56.22; March 2013: US$56.97
Cobalt: Recent trades US$11.50-12.80/lb.
Copper: Comex Copper Futures February 2013: US$3.69/lb.; Comex March 2013: $3.70/lb.
Indium: NY Dealer Mid-mkt US$497.50/kg.
Iridium: J. Matthey Base Mid-mkt US$1,000.00/tr. oz.
Magnesium: Mid-mkt US$3,000.00/t.
Manganese: Mid-mkt US$2,345.00/t.
Mercury: Mid-mkt US$1,850.00/flask (76 lb.).
Molybdenum: Oxide, recent trades US$11.81-11.94/lb.
Rhodium: Mid-mkt US$1,092.50/tr. oz.
Ruthenium: Mid-mkt US$75.00/tr. oz.
Selenium: Mid-mkt US$45.00/lb.
Silver: Base: US$32.20; Fabricated: US$38.63.; Sterling: N.A.
Tantalum: Ta2O5 ore, mid-mkt US$125/lb. CIF China
Tin: Kuala Lumpur Tin Market, US$25.12/kg
Tungsten: APT Tungstate FOB China mid-mkt: US$310.00
per mtu
Uranium: U3O8, Trade Tech spot price: US$42.50/lb.; Uranium Exchange Co. spot price: N.A.
Ferrovanadium: Free Market V2O5, recent trades US$6.00-6.50/lb.; US Ferrovanadium: US$14.70-15.00
Prices current Jan. 23, 2013

Daily metal prices
Date	21-Jan	18-Jan	17-Jan	16-Jan	15-Jan
BASE METALS	(London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy	1790/1820	1839/1870	1791/1849	1790/1822	1790/1820
Aluminum	2000.50/2040	2021/2057	2003/2039.50	1990.50/2032	2002/2040.50
Copper	8020/8051	8050/8084	7925/7959.50	7910/7939	7944/7970
Lead	2295.50/2302	2317/2320.50	2269/2266	2254/2258	2257/2266
Nickel	17360/17425	17610/17695	17380/17460	17280/17375	17180/17220
Tin	25020/24975	25080/25050	25150/25100	24890/24755	24780/24800
Zinc	2018/2035	2028/2045	1973/1995	1941.50/1970	1954/1984
	& nbsp;
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM	1688	1690	1683.25	1679.75	1681
Gold PM	1687.5	1688.5	1675	1676.25	1680.5
Silver	31.9	31.82	31.5	31.23	31.19
Platinum	1671	1677	1683	1678	1690
Palladium	715	722	725	714	709

Exchange rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Date	21-Jan	18-Jan	17-Jan	16-Jan	15-Jan
US$ in C$	0.9933	0.9937	0.9853	0.985	0.9839
C$ in US$	1.0067	1.0063	1.0149	1.0152	1.0164

Currency	Aus $	Euro	Japan	Mex P	SA Rand	UK £
In C$	1.0444	1.3225	0.0107	0.07821	0.1121	1.5717
In US$	1.0514	1.3314	0.01113	0.07874	0.1129	1.5823

Canadian gold mutual funds
Fund name	Jan. 21	Jan .14	Change	Change	YTD	MER*	Assets*
	($)	($)	($)	(%)	(%)	(%)	(M$)
AGF Pr Mtl	29.89	29.53	-5.67	-19.2	0.71	2.56	698.9
Altamira Pr & Str Mtl	14.66	14.47	-5.71	-39.5	-0.54	2.35	83.5
BMO Junior Gold Index ETF	13.7	13.81	-2.78	4.3	-2.89	0.58	108.4
BMO Pr Mtl	22.54	22.3	-2.75	-12.3	-0.28	2.29	133.6
CIBC Pr Mtl	16.69	16.75	-4.62	-27.6	-16.8	2.4	141.8
Dynamic Can Pr Mtl	12.01	12.59	-6.43	-51.1	-5.8	1.65	811.6
London Life Pr Mtl (MX)	33.79	33.48	-8.38	-25	-0.24	3.37	259.2
Mackenzie Un Pr Mtl C$	16.09	15.93	-7.63	-47.9	-0.18	2.44	569.9
Middlefield Precious Metals	11.77	11.77	-12.38	-105.2	-1.14	2.48	8.5
Quadrus Mack Un Pr Mtl	18.53	18.36	-7.72	-42	-0.19	2.7	66.7
RBC Global Pr Mtl	39.88	39.36	-3.19	-8.1	0.14	2.04	1380.4
Sentry Pr Mtl Growth	52.69	52.31	2.76	5.3	-1.06	2.75	731.5
Sprott Gold and Pr Minls	49.54	49.43	-11.45	-23.2	-0.34	2.84	854
Sprott Gold and Pr Minls F	52.48	52.31	-10.69	-20.4	-0.4	1.78	n/a
TD Pr Mtl	48.83	47.97	-7.05	-14.7	1.31	2.15	313.9
TD Pr Mtl-A	10.32	10.13	-7.18	-70.9	1.3	2.31	n/a
iShares Can Gold Sector Index	18.53	18.38	-5.17	-28.1	1.62	0.55	1063.3
Featured fund: Altamira Precious Metals as of 12/31/12 (in weighted order): Yamana Gold, Goldcorp, AuRico Gold, Barrick Gold, Silver Wheaton, Eldorado Gold, Argonaut Gold, Franco-Nevada Corp., Dundee Precious Metals, Alacer Gold. Fund manager: Jean-Philippe Choquette.

North American stock exchange indices
						52-week
Date	21-Jan	18-Jan	17-Jan	16-Jan	15-Jan	High	Low
TSX Composite	12794.25	12725.69	12674.73	12608.82	12641.97	12798.92	11209.55
S&P/TSX-Ven Comp	1236.6	1235.32	1233.15	1230.2	1231.79	1696.14	1153.9
S&P TSX 60	735.09	730.27	726.61	723.23	725.42	735.29	637.7
Global Gold	296.93	295.56	294.18	295.33	296.59	395.64	265.99
TSX Metals & Mining	1039.47	1035.21	1030.51	1023.21	1040.02	1258.22	781.13
Gold & Silver XAU	N/A	161.34	161.52	162.43	163.53	204.97	140.94
Amex Gold Bugs	N/A	429.85	429.09	431.03	434.42	554.92	372.74

TSX short positions
Short positions outstanding at Jan. 15/13 (with changes from Dec. 31/12).
Largest short positions
Lundin Mining	LUN	60846177	771878
New Gold	NGD	54961510	871458
Osisko Mining	OSK	28121647	1077752
Aurico Gold	AUQ	27627225	3984
Uranium One	UUU	27036807	15526993
Dundee Prec.	DPM	23684918	-52898
B2gold	BTO	19356899	1405854
Thompson Creek	TCM	17990584	-599740
Turquoise Hill	TRQ	17596815	-2174454
Tahoe Res	THO	16781394	98760
Barrick Gold	ABX	14809717	-1891775
Iamgold	IMG	13966650	689476
Yamana Gold	YRI	12019433	1825045
Teck Resources	TCK.B	10957674	1708158
Detour Gold	DGC	10731505	-163062
Largest increase in short position
Uranium One	UUU	27036807	15526993
Aurizon Mines	ARZ	7163002	3664361
Nautilus Min.	NUS	2703700	2517000
Paladin Energy	PDN	3198309	2294400
Yamana Gold	YRI	12019433	1825045
Largest decrease in short position
Eldorado Gold	ELD	2743698	-1E+07
Argonaut Gold	AR	6802461	-4518601
Silver Wheaton	SLW	3615946	-3622539
First Quantum	FM	8231622	-2902759
Turquoise Hill	TRQ	17596815	-2174454

TSX Venture short positions
Short positions outstanding at Nov. 30/12 (with changes from Nov. 15/12).
Largest short positions
Barkerville Gold	BGM	2662417	0
Probe Mines	PRB	1337247	384800
Kaminak Gold	KAM	997671	-76300
Great Western Mls	GWG	963155	-931675
Orko Silver	OK	931868	-2100
Galway Metals	GWM	836400	836400
Rockridge Capital	RRC	834800	833500
Brixton Metals	BBB	830000	827000
Aurcana	AUN	807005	248500
Encanto Potash	EPO	806022	782570
Sandstorm Metals	SND	628047	454606
Creso Exploration	CXT	627000	497000
Metals Creek	MEK	531000	520000
Bear Creek Mining	BCM	466906	-14048
Northern Graphite	NGC	420728	-12558
Largest increase in short position
Galway Metals	GWM	836400	836400
Rockridge Capital	RRC	834800	833500
Brixton Metals	BBB	830000	827000
Encanto Potash	EPO	806022	782570
Metals Creek	MEK	531000	520000
Largest decrease in short position
Cerro Resources	CJO	0	-2740187
Abzu Gold	ABS	500	-1153346
Comstock Metals	CSL	26425	-1003650
Great Western	GWG	963155	-931675
Colt Resources	GTP	2500	-645500