Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, June 24 2014
Precious Metals	Price (US$/oz.)	Change
Gold	$1,323.00	58.5
Silver	$21.12	1.57
Platinum	$1,465.00	34
Palladium	$827.00	16
Base Metals	Price (US$/tonne)	Change
Nickel	$18,187.00	-295
Lead	$2,179.00	6
Copper	$6,879.75	0
Zinc	$2,174.50	-10.5

LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 20, 2014 (change from June 13, 2014 in brackets):
Aluminium Alloy	36260	(-1460)
Aluminium	5084125	(-42975)
Copper	159425	(-4275)
Lead	192575	(+1325)
Nickel	305310	(+18600)
Tin	10845	(-55)
Zinc	676275	(-8350)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,700/t
Bismuth: Mid-mkt US$10.80/lb.
Cadmium 99.9: Mid-mkt US$0.90/lb.
Coal: CME Group Central Appalachian Coal Futures
July 2014: US$61.58; Aug. 2014: US$61.52
Cobalt 99.8: US$14.10/lb.
Copper: Comex Copper Futures July 2014: US$3.148/lb.; Comex Aug. 2014: $3.146/lb.
Germanium: US$1,950/kg.
Germanium Dioxide: US$1,350/kg
Gallium: US$290/kg
Indium: NY Dealer Mid-mkt US$730.00/kg.
Iridium: Mid-mkt US$595.71/tr. oz.
Magnesium FOB China: Mid-mkt US$2,700.00/t.
Manganese FOB China: Mid-mkt US$2,250.00/t.
Mercury (flask): US$3,000
Molybdenum Oxide: US$15.00/lb.
Rhodium: Mid-mkt US$1,131.90/tr. oz.
Ruthenium: Mid-mkt US$70.48/tr. oz.
Selenium: Mid-mkt US$27.00/lb.
Silver: Base: US$20.92; Fabricated: US$25.11; Sterling: N.A.
Tungsten: APT Tungstate FOB China mid-mkt: US$380.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$28.10/lb.; Uranium Exchange Co. spot price: US$28.00/lb.
Ferrovanadium: US$27.00/kg; Vanadium-Pentoxide: US$6.25/lb.
Prices current June 24, 2014

Daily metal prices
Date	23-Jun	20-Jun	19-Jun	18-Jun	17-Jun
BASE METALS	(London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy	N/A	1970/1995	1990/1990	1990/1990	1940/1960
Aluminum	N/A	1844.50/1885	1843.50/1885	1828/1869	1808/1851.50
Copper	N/A	6777/6765	6730/6723	6738.50/6735	6710.50/6701.50
Lead	N/A	2107/2133	2097/2124	2099/2125	2091/2116
Nickel	N/A	18325/18470	18455/18500	18655/18725	18925/19025
Tin	N/A	22625/22600	22600/22625	22575/22575	22590/22590
Zinc	N/A	2166.50/2175	2138/2146	2128/2142	2111.50/2124
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM	1313.5	1310	1282	1269	1264.5
Gold PM	1313.5	1312.5	1293	1269.75	1267.5
Silver	20.75	20.62	19.94	19.73	19.55
Platinum	1453	1456	1459	1451	1427
Palladium	817	829	830	827	810

Exchange rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Date	23-Jun	20-Jun	19-Jun	18-Jun	17-Jun
US$ in C$	1.0731	1.0766	1.0828	1.087	1.0852
C$ in US$	0.9319	0.9289	0.9235	0.92	0.9215
EXCHANGE RATES (Bank of Canada, June 23, 2014)
Currency	Aus $	Euro	Japan	Mex P	SA Rand	UK £
In C$	1.0105	1.4586	0.01053	0.08256	0.1016	1.8253
In US$	0.9417	1.3592	0.00981	0.07694	0.09468	1.701

Canadian gold mutual funds
Fund name	16-Jun	9-Jun	Change	Change	YTD	MER*	Assets*
	($)	($)	($)	(%)	(%)	(%)	(M$)
AGF Pr Mtl	20.62	19	1.62	0.085	12.56	2.56	698.9
Altamira Pr & Str Mtl	10.58	9.56	1.02	0.107	11.81	2.35	83.5
BMO Junior Gold Index ETF	8	6.88	1.12	0.163	11.94	0.58	108.4
BMO Pr Mtl	15.32	14.28	1.04	0.073	9.87	2.29	133.6
CIBC Pr Mtl	11.36	10.44	0.92	0.088	13.89	2.4	141.8
Dynamic Can Pr Mtl	7.25	6.73	0.52	0.077	24.86	1.65	811.6
London Life Precious Mtl	22.25	20.89	1.36	0.065	20.29	3.37	259.2
Middlefield Precious Metals	6.74	6.78	-0.04	-0.006	16.19	2.48	8.5
RBC Global Pr Mtl	26.87	24.63	2.24	0.091	10.46	2.04	1380.4
Sentry Pr Mtl Growth	35.13	30.96	4.17	0.135	19.72	2.75	731.5
Sprott Gold and Pr Minls	30.89	27.64	3.25	0.118	14.36	2.84	854
Sprott Gold and Pr Minls F	33.17	29.66	3.51	0.118	14.85	1.78	n/a
TD Pr Mtl	34.19	31.15	3.04	0.098	10.38	2.15	313.9
TD Pr Mtl-A	7.21	6.57	0.64	0.097	10.31	2.31	n/a
iShares TSX Global Gold Index	11.43	10.57	0.86	0.081	8.69	0.55	802.1
Featured fund: London Life Precious Metals top holdings as of 01/31/14 (in weighted order): Randgold Resources, Goldcorp, Anglogold Ashanti, Detour Gold, Barrick Gold, Royal Gold, Yamana Gold, Largo Resources, B2Gold. Fund manager: Benoit Gervais.

< td class="xl65" width="159" height="17">Gold & Silver XAU

North American stock exchange indices
						52-week
Date	23-Jun	20-Jun	19-Jun	18-Jun	17-Jun	High	Low
TSX Composite	15105.63	15108.97	15112.22	12109.25	15055.89	15137.68	11759.04
S&P/TSX-Ven Comp	1023.98	1026.37	1022.06	1008.82	1006.08	1050.26	859.31
S&P TSX 60	863.72	863.41	862.72	862.94	859.71	865.38	677.55
Global Gold	196.81	193.85	196.7	187.74	183	218.9	149.29
TSX Metals & Mining	855.1	848.21	845.99	836.97	831.17	893.52	662.2
100.19	98.46	99.12	94.71	92.39	115.21	79.73
Amex Gold Bugs	240.1	236.29	237.61	225.94	220.47	283.23	188.39

TSX short positions
Short positions outstanding at June. 15/14 (with changes from May. 31/14).
Largest short positions
Lundin Mining	LUN	57731739	-380770
New Gold	NGD	35183624	96688
Kinross Gold	K	30551901	-1.4E+07
Eldorado Gold	ELD	24527190	-6559463
Detour Gold	DGC	23579440	775347
Barrick Gold	ABX	20204661	9738532
Potash Corp.	POT	19234825	-1224333
Tahoe Res.	THO	18620440	-7714
Yamana Gold	YRI	16049255	-4551621
B2gold	BTO	15683224	-728342
Turquoise Hill	TRQ	13258267	5269891
Thompson Creek	TCM	13112306	-115467
First Quantum	FM	12968681	-1E+07
Dundee Prec.	DPM	12221031	735440
Argonaut Gold	AR	11944067	-102836
Largest increase in short position
Barrick Gold	ABX	20204661	9738532
Turquoise Hill	TRQ	13258267	5269891
Alexco Res.	AXR	2263594	1402800
Osisko Gold Roy.	OR	1197000	1197000
Mandalay Res.	MND	1165600	1114351
Largest decrease in short position
Kinross Gold	K	30551901	-1.4E+07
First Quantum	FM	12968681	-1E+07
Cameco	CCO	6540740	-9311117
Eldorado Gold	ELD	24527190	-6559463
Teck Res.	TCK.B	2925401	-4986621

TSX Venture short positions
Short positions outstanding at June 15/14 (with changes from May 31/14).
Largest short positions
Algold Res.	ALG	1353400	1353400
Robex Res.	RBX	1201500	355500
Atac Res.	AT C	979552	-6700
Fission Uran.	FCU	733392	407900
Castle Res.	CRI	673200	672500
Saturn Min.	SMI	656700	346100
Malbex Res.	MBG	604000	341000
Mindoro Res.	MIO	551200	-796300
Aurcana Corp.	AUN	538801	401800
Arianne Phos.	DAN	419200	-24800
Rathdowney Res.	RTH	410000	410000
Kaminak Gold	KAM	293745	165600
Zenyatta	ZEN	266098	10400
Gold Standard	GSV	257500	7100
Makena Res.	MKN	250000	-30000
Largest increase in short position
Algold Res.	ALG	1353400	1353400
Castle Res.	CRI	673200	672500
Rathdowney Res.	RTH	410000	410000
Fission Uranium	FCU	733392	407900
Aurcana Corp.	AUN	538801	401800
Largest decrease in short position
Gpm Metals	GPM	0	-2553000
Donner Metals	DON	0	-2052202
Mindoro Res.	MIO	551200	-796300
Alabama Graph.	ALP	100	-783000
Temex Res.	TME	19100	-349000