Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, November 4, 2014
Precious Metals Price (US$/oz.) Change
Gold $1,169.25 -59
Silver $16.12 -1.06
Platinum $1,225.00 -33
Palladium $799.00 12
     
Base Metals Price (US$/tonne) Change
Nickel $15,210.00 -470
Lead $1,997.25 -24
Copper $6,645.50 -72
Zinc $2,254.75 -59.5
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, November 3, 2014 (change from October 20, 2014 in brackets):
Aluminium Alloy 26800 (-40)
Aluminium 4428800 (-18400)
Copper 162100 (+2550)
Lead 226550 (+2150)
Nickel 385314 (+7092)
Tin 10385 (+1280)
Zinc 698225 (-12850)

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:
Dec. 2014: US$52.70; Jan. 2015: US$53.48
Cobalt 99.8: US$14.90/lb.
Copper: Comex Copper Futures Dec. 2014: US$3.007/lb.; Comex Jan. 2015: $3.008/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$540.00/tr. oz.
Iron Ore:62% Fe, CFR China spot US$79.30/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$16.04per oz.; Fabricated: US$19.25 per oz.
Tungsten: APT Tungstate FOB China mid-mkt: US$350.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$36.25/lb.; The UX Consulting Company spot price: US$36.75/lb.
Ferrovanadium: US$25.50/kg; Vanadium-Pentoxide: US$5.50/lb.
Prices current Nov. 5, 2014

Daily metal prices
Date 3-Nov 31-Oct 30-Oct 29-Oct 28-Oct
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 2085/2090 2075/2080 2085/2090 2075/2080 2065/2075
Aluminum 2055.50/2042 2056.50/2036 2015/2010 2011.50/2013.50 1990/1996
Copper 6800/6729 6834.50/6765 6784.50/6704 6854/6785 6859/6795
Lead 1999/2008.50 2014.50/2023 2003.50/2015 2019/2034 2018/2029
Nickel 15550/15675 15810/15890 15300/15390 15575/15615 15050/15130
Tin 19845/19825 20100/20100 19920/19975 20145/20165 19750/19750
Zinc 2328/2320 2334.50/2323 2282/2282 2264.50/2260.50 2252/2251
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1170.75 1173.25 1205.75 1228 1230.5
Gold PM 1167.75 1164.25 1202 1223.5 1229.25
Silver 16.15 16.2 16.78 17.2 17.18
Platinum 1241 1227 1243 1269.5 1265
Palladium 800 784 784 798 792
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 3-Nov 31-Oct 30-Oct 29-Oct 28-Oct  
US$ in C$ 1.132 1.1275 1.1193 1.1136 1.1178  
C$ in US$ 0.8834 0.8869 0.8934 0.898 0.8946  
             
EXCHANGE RATES (Bank of Canada, November 3, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 0.9848 1.4135 0.00994 0.08359 0.1022 1.8095
In US$ 0.8728 1.2553 0.00889 0.07356 0.09046 1.599
Canadian gold mutual funds
Fund name Nov.4 Oct.28 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 16.05 18.34 -2.29 -0.125 -4.92 2.76 199.74
BMO Junior Gold Index ETF 5.33 6.34 -1.01 -0.159 -13.33 0.62 52.6
BMO Pr Mtl 11.63 13.37 -1.74 -0.13 -10.57 2.41 54.6
CIBC Pr Mtl 8.82 10.12 -1.3 -0.128 -3.91 2.48 54.5
Dynamic  Pr Mtl 3.23 3.73 -0.5 -0.134 8.39 2.65 225.28
London Life Precious Mtl 16.15 18.51 -2.36 -0.127 -7 3.55 106.96
Mackenzie Pr Mtl-A 29.33 33.6 -4.27 -0.127 -6.18 2.58 262.83
National Bank Pr Mtl 7.96 9.46 -1.5 -0.159 -6.9 2.44 n/a
RBC Global Pr Mtl 20.36 23.65 -3.29 -0.139 -8.69 2.13 488.87
Sentry Pr Mtl Growth 23.82 28.52 -4.7 -0.165 -7.9 2.77 415.3
Sprott Gold and PM-F 3.14 3.62 -0.48 -0.133 -2.71 2.5 n/a
Sprott Gold and Pr Minls 23.23 26.76 -3.53 -0.132 -3.89 2.93 198
TD Pr Mtl-A 5.65 6.41 -0.76 -0.119 -5.18 2.42 n/a
TD Pr Mtl-I 26.79 30.4 -3.61 -0.119 -5.07 2.26 n/a
iShares TSX Global Gold Index 8.42 9.9 -1.48 -0.149 -13.23 0.55 573.22
Featured fund:  London Life Precious Mtl top holdings as of 07/31/14 (in weighted order): Randgold Resources, Detour Gold, Goldcorp, Anglogold Ashanti, Agnico Eagle Mines, Royal Gold, Tahoe Resources, Largo Resources, First Quantum Minerals. Fund manager: Benoit Gervais. 
North American stock exchange indices
            52-week
Date 3-Nov 31-Oct 30-Oct 29-Oct 28-Oct High Low
TSX Composite 14537.62 14613.32 14458.69 14527.57 14624.25 15685.13 13059.74
S&P/TSX-Ven Comp 766.1 769.59 771.65 781.07 788.02 1050.26 760.2
S&P TSX 60 843.71 849.5 839.81 842.3 848.69 902.74 749.77
Global Gold 139.68 134.62 140.14 151.84 158.78 215.56 131.04
TSX Metals & Mining 684.74 687.49 673.4 698.91 701.9 954.68 657.72
Gold & Silver XAU 66.83 64.88 67.97 72.9 75.83 107.39 63.63
Amex Gold Bugs 160.42 156.22 164.53 177.65 185.19 261.36 152.17
TSX short positions
Short positions outstanding at Oct.31/14 (with changes from Oct.15/14).
Largest short positions
Lundin Mining  LUN 63706841 1989716
New Gold  NGD 32114906 1272778
B2Gold BTO 28133667 -6470543
Kinross Gold K 23343970 -8474156
Yamana Gold YRI 19883862 5608477
Detour Gold DGC 19879289 -299799
Eldorado Gold ELD 19436081 8664792
Tahoe Resources THO 15464183 -91147
PotashCorp POT 14917971 7385349
Argonaut Gold AR 13114970 100543
Barrick Gold ABX 12465858 -1.5E+07
Cameco CCO 12391964 4557451
Dundee Pr Mtl DPM 11513587 1443301
First Majestic Slv FR 11483712 818854
First Quantum  FM 11101520 2350642
Largest increase in short position
Eldorado Gold  ELD 19436081 8664792
PotashCorp POT 14917971 7385349
Yamana Gold YRI 19883862 5608477
Cameco  CCO 12391964 4557451
Iamgold IMG 5029735 2707293
Largest decrease in short position
Barrick Gold ABX 12465858 -1.5E+07
Kinross Gold K 23343970 -8474156
B2Gold BTO 28133667 -6470543
Silver Wheaton SLW 8687754 -1738349
Teck Resources TCK.B 6008798 -1345260
TSX Venture short positions
Short positions outstanding at Oct.31/14 (with changes from Oct.15/14).   
Largest short positions
Roxgold  ROG 1284162 760300
True Gold Mining  TGM 478042 451200
Vulcan Minerals VUL 283000 283000
Red Eagle Mining RD 274500 274500
Zenyatta Ventures ZEN 273709 -200
Graphite One Res. GPH 250000 -104500
Discovery Ventures DVN 235000 2500
Atac Resources ATC 210448 107300
Niocorp Developments NB 188536 155700
Lomiko Metals LMR 134000 92000
North Arrow Minerals NAR 133000 133000
Northern Graphite  NGC 132452 -185400
Bear Creek Mining BCM 126853 -39397
Mason Graphite LLG 125000 -12500
Commerce Res. CCE 121000 -57000
Largest increase in short position
Roxgold  ROG 1284162 760300
True Gold Mining TGM 478042 451200
Vulcan Minerals VUL 283000 283000
Red Eagle Mining RD 274500 274500
Niocorp Developments NB 188536 155700
Largest decrease in short position
African Metals AFR 0 -1517700
Aurcana  AUN 13502 -1217370
Robex Res. RBX 0 -812000
Quaterra Res. QTA 0 -486000
Agriminco  ANO 0 -440000
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