Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, December 10, 2013
Precious Metals	Price (US$/oz.)	Change
Gold	$1,245.75	26.75
Silver	$20.05	-0.88
Platinum	$1,381.00	36
Palladium	$738.00	26
Base Metals	Price (US$/tonne)	Change
Nickel	$14,084.00	135
Lead	$2,142.50	33.25
Copper	$7,182.75	48.25
Zinc	$1,954.75	36.75

LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, December 9, 2013 (change from December 2, 2013 in brackets):
Aluminium Alloy	58720	(-720)
Aluminium	5441200	(-30550)
Copper	405275	(-15125)
Lead	226950	(-3225)
Nickel	253056	(+930)
Tin	10550	(-330)
Zinc	937150	(-23100)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,300/t
Bismuth: Mid-mkt US$8.90/lb.
Cadmium 99.9: Mid-mkt US$0.95/lb.
Coal: CME Group Central Appalachian Coal Futures
Jan. 2014: US$57.36; Feb. 2014: US$57.61
Cobalt 99.8: US$12.25/lb.
Copper: Comex Copper Futures Jan. 2014: US$3.286/lb.; Comex Feb. 2014: $3.279/lb.
Germanium: US$1,350/kg.
Indium: NY Dealer Mid-mkt US$650.00/kg.
Iridium: Mid-mkt US$427.05/tr. oz.
Magnesium FOB China: Mid-mkt US$2,900.00/t.
Manganese FOB China: Mid-mkt US$2,400.00/t.
Molybdenum Oxide: US$9.70/lb.
Rhodium: Mid-mkt US$934.55/tr. oz.
Ruthenium: Mid-mkt US$57.00/tr. oz.
Selenium: Mid-mkt US$28.00/lb.
Silver: Base: US$20.32; Fabricated: US$24.38; Sterling: US$18.84
Tungsten: APT Tungstate FOB China mid-mkt: US$390.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$34.50/lb.; Uranium Exchange Co. spot price: US$36.00/lb.
Ferrovanadium: US$25.00/kg; Vanadium-Pentoxide: US$5.90/lb.
Prices current Dec. 10, 2013

Daily metal prices
Date	9-Dec	6-Dec	5-Dec	4-Dec	3-Dec
BASE METALS	(London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy	1790/1830	1770/1805	1755/1790	1760/1795	1760/1790
Aluminum	1748.50/1795	1727.50/1772.50	1727.50/1773	1701/1747	1694.50/1740
Copper	7140/7140	7111/7110	7080.50/7085	6974.50/6974.50	6944.50/6948
Lead	2085/2112	2065/2091	2073.50/2099.50	2046/2072	2035/2061
Nickel	13830/13890	13735/13825	13780/13840	13520/13585	13345/13410
Tin	23125/23155	23000/22980	23100/23075	22650/22635	22480/22475
Zinc	1911/1924	1882/1902	1882/1902	1861/1880.50	1856.50/1876.50
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM	1228.5	1230.75	1234	1213	1219
Gold PM	1237	1233	1222.5	1227.5	1217.25
Silver	19.5	19.49	19.46	19.05	19.17
Platinum	1373	1367	1364	1357	1345
Palladium	739	741	728	718	711

Exchange rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Date	9-Dec	6-Dec	5-Dec	4-Dec	3-Dec
US$ in C$	1.0641	1.0663	1.0638	1.0696	1.0662
C$ in US$	0.9398	0.9378	0.94	0.9349	0.9379
EXCHANGE RATES (Bank of Canada, Nov 12, 2013)
Currency	Aus $	Euro	Japan	Mex P	SA Rand	UK £
In C$	0.9665	1.4605	0.01031	0.0828	0.1025	1.7454
In US$	0.9083	1.3725	0.00969	0.07781	0.09633	1.6403

Canadian gold mutual funds
Fund name	Dec. 9	Dec. 2	Change	Change	YTD	MER*	Assets*
	($)	($)	($)	(%)	(%)	(%)	(M$)
AGF Pr Mtl	16.38	16.1	-5.67	-39.4	-44.75	2.56	698.9
Altamira Pr & Str Mtl	8.35	8.07	-5.71	-37.7	-43.31	2.35	83.5
BMO Junior Gold Index ETF	6.06	5.86	-2.78	-51.5	-57.02	0.58	108.4
BMO Pr Mtl	12.48	12.23	-2.75	-39.2	-44.45	2.29	133.6
CIBC Pr Mtl	8.98	8.87	-4.62	-41.1	-47.07	2.4	141.8
Dynamic Can Pr Mtl	5.24	5.18	-6.43	-52	-58.91	1.65	811.6
London Life Precious Mtl	17.01	16.68	-8.38	-44.2	-49.77	3.37	259.2
Middlefield Precious Metals	5.72	5.57	-12.38	-46.1	-51.95	2.48	8.5
RBC Global Pr Mtl	21.6	21.17	-3.19	-39.9	-45.76	2.04	1380.4
Sentry Pr Mtl Growth	24.77	23.94	2.76	-46.8	-53.48	2.75	731.5
Sprott Gold and Pr Minls	23.67	23.18	-11.45	-47.8	-52.05	2.84	854
Sprott Gold and Pr Minls F	25.28	24.75	-10.69	-47.4	-51.61	1.78	n/a
TD Pr Mtl	27.4	27.08	-7.05	-37.3	-43.15	2.15	313.9
TD Pr Mtl-A	5.78	5.71	-7.18	-37.4	-43.22	2.31	n/a
iShares TSX Global Gold Index	9.43	9.46	-5.17	-42.1	-49.4	0.55	802.1
Featured fund: CIBC Precious Metals top holdings as of 09/30/13 (in weighted order): Randgold, B2Gold, New Gold, Silver Wheaton, Primero Mining, Goldcorp, Agnico Eagle Mines, Tahoe Resources, Yamana Gold. Fund manager: Craig Porter.

North American stock exchange indices
						52-week
Date	9-Dec	6-Dec	5-Dec	4-Dec	3-Dec	High	Low
TSX Composite	13312.78	13280.72	13200.4	13304.92	13319.87	13517.02	11759.04
S&P/TSX-Ven Comp	902.07	916.65	914.78	919.56	915.29	1247.01	859.31
S&P TSX 60	766.47	764.05	758.95	765.81	767.53	796.3	622.16
Global Gold	154.11	150.96	151.09	155.84	151.52	307.67	150.85
TSX Metals & Mining	733.43	728.55	725.22	736.26	732.77	1050.76	662.2
Gold & Silver XAU	82.48	80.8	80.97	83.01	80.88	169.97	80.65
Amex Gold Bugs	196.85	192.69	192.69	198.11	193.85	455.35	192.31

TSX short positions
Short positions outstanding at Nov. 30/13 (with changes from Nov. 15/13).
Largest short positions
Lundin Mining	LUN	61982462	-612635
Kinross Gold	K	50405735	6914824
New Gold	NGD	48719043	230863
Eldorado Gold	ELD	40691916	10364141
Osisko Mining	OSK	35786854	-213662
Turquoise Hill	TRQ	32264287	1033334
Yamana	YRI	23753340	-1.1E+07
First Quantum	FM	22516148	-3941143
Tahoe Res.	THO	19577911	-117263
B2gold	BTO	19144058	650248
Detour Gold	DGC	18646304	596593
Thompson Creek	TCM	18399191	104743
Cameco	CCO	16108234	3049926
Dundee Prec.	DPM	13716150	143166
Potash Corp.	POT	12568511	-5305239
Largest increase in short position
Eldorado Gold	ELD	40691916	10364141
Kinross Gold	K	50405735	6914824
Silver Wheaton	SLW	4290916	3090303
Cameco	CCO	16108234	3049926
Canada Lithium	CLQ	3893893	2540100
Largest decrease in short position
Yamana Gold	YRI	23753340	-1.1E+07
First Majestic	FR	7100206	-5972660
Potash Corp.	POT	12568511	-5305239
First Quantum	FM	22516148	-3941143
Denison Mines	DML	1473008	-3850742

TSX Venture short positions
Short positions outstanding at Nov. 30/13 (with changes from Nov. 15/13).
Largest short positions
Fission Uranium	FCU	3833536	723280
Revolver Resources	RZ	2001000	2001000
Robex Resources	RBX	1780000	1730000
Tasman Metals	TSM	1093905	-244550
Great Western	GWG	836000	-113500
Sirios Resources	SOI	434000	-80000
Sunridge Gold	SGC	399000	56500
Passport Potash	PPI	359000	359000
Zenyatta Ventures	ZEN	312663	-21400
Arianne Phosphate	DAN	265500	-96200
Gold Standard	GSV	250000	-300
Silvermet	SYI	241000	241000
Big North Graphite	NRT	217000	-6000
Asher Resources	ACN	209000	38500
Ecuador Gold	EGX	183000	183000
Largest increase in short position
Revolver Resources	RZ	2001000	2001000
Robex Resources	RBX	1780000	1730000
Fission Uranium	FCU	3833536	723280
Passport Potash	PPI	359000	359000
Silvermet	SYI	241000	241000
Largest decrease in short position
KWG Resources	KWG	2681	-878000
Aldrin Resource	ALN	0	-642500
Hunter Bay Minerals	HBY	0	-310000
Tasman Metals	TSM	1093905	-244550
Kincora Copper	KCC	2000	-227000