Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, October 21, 2014
Precious Metals Price (US$/oz.) Change
Gold $1,251.75 18.75
Silver $17.36 -0.14
Platinum $1,273.00 1
Palladium $763.00 -27
     
Base Metals Price (US$/tonne) Change
Nickel $15,344.00 -28
Lead $2,032.00 16.25
Copper $6,669.50 110
Zinc $2,216.50 0.25
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, October 20, 2014 (change from October 13, 2014 in brackets):
Aluminium Alloy 27380 (-320)
Aluminium 4507500 (-38200)
Copper 157725 (+6500)
Lead 224700 (-950)
Nickel 376506 (+8142)
Tin 9155 (+40)
Zinc 721575 (-7450)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,100/t
Bismuth: Mid-mkt US$12.60/lb.
Cadmium 99.9: Mid-mkt US$0.95/lb.
Coal: CME Group (CSX Coal) Futures:
Nov. 2014: US$53.49; Dec. 2014: US$53.92
Cobalt 99.8: US$14.90/lb.
Copper: Comex Copper Futures Nov. 2014: US$3.025/lb.; Comex Dec. 2014: $3.018/lb.
Germanium: US$1,950/kg.
Germanium Dioxide: US$1,350/kg
Gallium: US$270/kg
Indium: NY Dealer Mid-mkt US$730.00/kg.
Iridium: Mid-mkt US$580.00/tr. oz.
Iron Ore:62% Fe, CFR China spot US$80.91/DMT
Magnesium FOB China: Mid-mkt US$2,500.00/t.
Manganese FOB China: Mid-mkt US$2,300.00/t.
Mercury (flask): US$2,600.00
Molybdenum Oxide: US$10.25/lb.
Rhodium: Mid-mkt US$1,230.00/tr. oz.
Ruthenium: Mid-mkt US$58.00/tr. oz.
Selenium: Mid-mkt US$26.00/lb.
Silver: Base: US$17.58per oz.; Fabricated: US$21.09 per oz.
Tungsten: APT Tungstate FOB China mid-mkt: US$350.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$35.50/lb.; The UX Consulting Company spot price: US$35.65/lb.
Ferrovanadium: US$25.50/kg; Vanadium-Pentoxide: US$5.50/lb.
Prices current Oct. 22, 201

Daily metal prices
Date 20-Oct 17-Oct 16-Oct 15-Oct 14-Oct
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 2080/2085 2085/2090 2075/2090 2075/2090 2070/2085
Aluminum 1954/1968 1929/1944 1872.50/1899.50 1912/1940 1908.50/1937.50
Copper 6614.50/6569.50 6628.50/6578 6629/6580 6780.50/6745 6780/6728
Lead 2011.50/2020.50 1997/2010 1955.50/1964 2042/2054 2053/2064
Nickel 15310/15385 15500/15575 15310/15375 16130/16210 16175/16270
Tin 19395/19400 19300/19350 19290/19310 19720/19700 20150/20215
Zinc 2222/2221 2226.50/2232 2204.50/2208 2328/2331 2323/2327.50
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1241 1238 1241 1223.5 1233
Gold PM 1244.5 1234.25 1237.75 1237.5 1234.75
Silver 17.38 17.36 17.46 17.01 17.5
Platinum 1268 1259 1242 1257 1268
Palladium 756 753 743 787 793
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 20-Oct 17-Oct 16-Oct 15-Oct 14-Oct  
US$ in C$ 1.1277 1.1248 1.1266 1.1289 1.1236  
C$ in US$ 0.8868 0.889 0.8876 0.8858 0.89  
             
EXCHANGE RATES (Bank of Canada, October 20, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 0.9907 1.4415 0.01055 0.0833 0.1023 1.8197
In US$ 0.8785 1.2783 0.00936 0.07387 0.09072 1.6136
Canadian gold mutual funds
Fund name Oct.21 Oct.14 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 19.14 19.06 0.08 0.004 13.39 2.76 199.74
BMO Junior Gold Index ETF 6.75 6.85 -0.1 -0.015 9.7 2.44 52.6
BMO Pr Mtl 13.96 13.87 0.09 0.006 7.4 0.62 60.99
CIBC Pr Mtl 10.52 10.63 -0.11 -0.01 14.71 2.41 54.5
Dynamic  Pr Mtl 3.92 3.85 0.07 0.018 31.54 2.48 225.28
London Life Precious Mtl 19.44 19.61 -0.17 -0.009 11.91 2.65 106.96
Mackenzie Pr Mtl-A 35.27 35.59 -0.32 -0.009 12.85 3.55 n/a
National Bank Pr Mtl 9.8 9.86 -0.06 -0.006 14.62 2.61 n/a
RBC Global Pr Mtl 24.83 24.84 -0.01 0 11.32 2.13 488.87
Sentry Pr Mtl Growth 30.3 30.43 -0.13 -0.004 17.15 2.77 415.3
Sprott Gold and PM-F 3.83 3.77 0.06 0.016 18.78 2.5 n/a
Sprott Gold and Pr Minls 28.37 27.92 0.45 0.016 17.38 2.93 198
TD Pr Mtl-A 6.7 6.69 0.01 0.001 12.51 2.45 n/a
TD Pr Mtl-I 31.79 31.75 0.04 0.001 12.65 2.27 n/a
iShares TSX Global Gold Index 10.29 10.49 -0.2 -0.019 6.06 0.55 573.22
Featured fund:  CIBC Precious Metals top holdings as of 08/31/13 (in weighted order): Randgold Resources, B2Gold, New Gold, Silver Wheaton, Primero Mining, Goldcorp, Agnico Eagle Mines, Tahoe Resources, Regis Resources, Yamana Gold. Fund manager: Lawrence Smith.
North American stock exchange indices
            52-week
Date 20-Oct 17-Oct 16-Oct 15-Oct 14-Oct High Low
TSX Composite 14337.77 14227.68 14052.97 13869.88 14036.68 15685.13 13059.74
S&P/TSX-Ven Comp 811.35 810.13 791.93 778.36 803.08 1050.26 768.7
S&P TSX 60 820.02 821.99 811.37 801.8 811.8 902.74 749.77
Global Gold 166.53 162.53 168.12 168.39 168.26 215.56 149.29
TSX Metals & Mining 696.39 694.68 680.67 687.22 711.72 954.68 670.39
Gold & Silver XAU 78.55 77.08 79.3 79.22 79.27 107.39 75.39
Amex Gold Bugs 191.16 187.01 193.73 194.31 194.68 261.36 183.33
TSX short positions
Short positions outstanding at Oct.15/14 (with changes from Sept. 30/14).
Largest short positions
Lundin Mining LUN 61717125 6023500
B2Gold  BTO 34604210 9267452
Kinross Gold K 31818126 6854246
New Gold NGD 30842128 104900
Barrick Gold  ABX 27778384 -1616650
Detour Gold  DGC 20179088 933048
Yamana Gold  YRI 14275385 8697727
Argonaut Gold  AR 13014427 753194
Eldorado Gold  ELD 10771289 2388106
Thompson Creek Mtl  TCM 10751781 195234
First Majestic Silver  FR 10664858 192759
Silver Wheaton  SLW 10426103 225631
Dundee Precious Mtl  DPM 10070286 280713
First Quantum  FM 8750878 106778
Largest increase in short position
B2Gold BTO 34604210 9267452
Yamana Gold YRI 14275385 8697727
Kinross Gold K 31818126 6854246
Lundin Mining LUN 61717125 6023500
Torex Gold  TXG 8719168 5418925
Largest decrease in short position
PotashCorp  POT 7532622 -1.2E+07
Barrick Gold  ABX 27778384 -1616650
Iamgold  IMG 2322442 -466321
Premier Gold Mines  PG 1052407 -413593
Allied Nevada Gold  ANV 2106340 -371320
TSX Venture short positions
Short positions outstanding at Oct.15/14 (with changes from Sept.30/14).
Largest short positions
African Metals  AFR 1517700 1517700
Aurcana  AUN 1230872 25500
Robex Res.  RBX 812000 81500
Roxgold ROG 523862 464800
Quaterra Res. QTA 486000 486000
Integra Gold  ICG 461500 321000
Agriminco  ANO 440000 440000
Graphite One Res.  GPH 354500 83500
Northern Graphite NGC 317852 195100
Northern Lion Gold NL 315000 315000
Newport Exp.  NWX 310000 310000
Zenyatta Vent. ZEN 273909 -37000
Temex Resources TME 270100 270000
Elkwater Res.  ELW 231200 -456300
Commerce Res.  CCE 178000 -1121000
Largest increase in short position
African Metals AFR 1517700 1517700
Quaterra Res. QTA 486000 486000
Roxgold ROG 523862 464800
Agriminco ANO 440000 440000
Integra Gold ICG 461500 321000
Largest decrease in short position
Nexgen Energy  NXE 31800 -1145300
Commerce Res. CCE 178000 -1121000
Metanor Res.  MTO 6100 -695500
Gold Bullion Dev.  GBB 0 -688000
Amex Expl.  AMX 0 -570000
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