Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, October 7, 2014
Precious Metals Price (US$/oz.) Change
Gold $1,207.50 -2.5
Silver $17.36 0.25
Platinum $1,264.00 -43
Palladium $770.00 -16
     
Base Metals Price (US$/tonne) Change
Nickel $16,978.00 250
Lead $2,093.75 -11
Copper $6,702.50 -40
Zinc $2,327.25 11
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, October 6, 2014 (change from September 30, 2014 in brackets):
Aluminium Alloy 24820 (-60)
Aluminium 4589700 (-30475)
Copper 150050 (-2500)
Lead 225250 (-25)
Nickel 364332 (+8292)
Tin 9270 (+675)
Zinc 742425 (-8975)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,100/t
Bismuth: Mid-mkt US$12.70/lb.
Cadmium 99.9: Mid-mkt US$0.95/lb.
Coal: CME Group Central Appalachian Coal Futures
Nov. 2014: US$52.45; Dec. 2014: US$53.10
Cobalt 99.8: US$15.75/lb.
Copper: Comex Copper Futures Nov. 2014: US$3.004/lb.; Comex Dec. 2014: $3.003/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$600.00/tr. oz.
Iron Ore:62% Fe, CFR China spot US$79.60/DMT
Magnesium FOB China: Mid-mkt US$2,550.00/t.
Manganese FOB China: Mid-mkt US$2,300.00/t.
Mercury (flask): US$2,600.00
Molybdenum Oxide: US$9.75/lb.
Rhodium: Mid-mkt US$1,220.83/tr. oz.
Ruthenium: Mid-mkt US$61.00/tr. oz.
Selenium: Mid-mkt US$26.00/lb.
Silver: Base: US$17.13 per oz.; Fabricated: US$20.55 per oz.
Tungsten: APT Tungstate FOB China mid-mkt: US$350.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$35.60/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. 8, 2014

Daily metal prices
Date 6-Oct 3-Oct 2-Oct 1-Oct 30-Sep
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 2075/2090 2050/2065 2070/2085 2080/2095 2080/2095
Aluminum 1897.50/1925 1882.50/1912 1869/1897 1898/1932.50 1934/1968.50
Copper 6712/6675 6660/6625 6693/6651 6754.50/6710 6735/6686
Lead 2084/2093 2079.50/2086 2077.50/2087 2070/2085 2082/2092
Nickel 16480/16595 16265/16305 16040/16110 15850/15960 16500/16595
Tin 20460/20450 20390/20400 20375/20425 20195/20225 20325/20300
Zinc 2289/2297.50 2250/2257 2252/2258 2257.50/2259 2289.50/2290
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1193.25 1207.5 1214.5 1208.5 1210
Gold PM 1195.75 1195 1211.75 1216.5 1216.5
Silver 17.02 16.97 17.09 17.04 17.11
Platinum 1229 1249 1273 1277 1300
Palladium 756 763 777 771 775
Exchange rates  
 CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 6-Oct 3-Oct 2-Oct 1-Oct 30-Sep  
US$ in C$ 1.1175 1.1256 1.1151 1.1171 1.1208  
C$ in US$ 0.8949 0.8884 0.8968 0.8952 0.8922  
             
EXCHANGE RATES (Bank of Canada, October 6, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 0.9774 1.4072 0.01024 0.08339 0.09937 1.7911
In US$ 0.8746 1.2592 0.00916 0.07462 0.08892 1.6028
Canadian gold mutual funds
Fund name Oct. 7 Sept. 30 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 18.16 18.96 -0.8 -0.042 7.58 2.76 238.71
Altamira Pr & Str Mtl 9.27 9.63 -0.36 -0.037 8.42 2.44 n/a
BMO Junior Gold Index ETF 6.29 6.7 -0.41 -0.061 2.19 0.62 66.58
BMO Pr Mtl 13.17 13.83 -0.66 -0.048 1.32 2.41 71.59
CIBC Pr Mtl 10.05 10.4 -0.35 -0.034 9.49 2.48 63.01
Dynamic  Pr Mtl 3.5 3.62 -0.12 -0.033 17.45 2.65 278.97
London Life Precious Mtl 18.4 19.43 -1.03 -0.053 5.97 3.55 132.74
Middlefield Precious Metals 33.39 35.24 -1.85 -0.052 6.81 2.61 329.02
RBC Global Pr Mtl 23.23 24.37 -1.14 -0.047 4.17 2.13 591.83
Sentry Pr Mtl Growth 27.98 29.75 -1.77 -0.059 8.16 2.77 528.43
Sprott Gold Bn F-A 3.56 3.78 -0.22 -0.058 10.28 2.5 n/a
Sprott Gold and Pr Minls 26.35 27.99 -1.64 -0.059 9.02 2.93 243.51
TD Pr Mtl 6.33 6.63 -0.3 -0.045 6.19 2.45 n/a
TD Pr Mtl- A 30 31.43 -1.43 -0.045 6.31 2.27 143.41
iShares TSX Global Gold Index 9.92 10.38 -0.46 -0.044 2.23 0.55 718.33
Featured fund:  BMO Pr Mtl top holdings as of 06/30/14 (in weighted order): Province of Ontario, Franco-Nevada, Province of British Columbia, Gold Certificates, Virginia Mines, Tahoe Resources, B2Gold, Agnico Eagle Mines, Silver Wheaton, Semafo, Fission Uranium, Government of Canada, Province of Newfoundland, Yamana Gold, Randgold Resources. Fund manager: Mark Serdan.
North American stock exchange indices
            52-week
Date 6-Oct 3-Oct 2-Oct 1-Oct 30-Sep High Low
TSX Composite 14743.12 14789.78 14760.64 14805.44 14960.51 15685.13 12678.02
S&P/TSX-Ven Comp 867.98 882.82 887.55 896.35 909.29 1050.26 852.64
S&P TSX 60 852.54 855.55 853.77 855.55 864.24 902.74 727.59
Global Gold 163.87 162.14 168.34 166.69 166.55 215.56 149.29
TSX Metals & Mining 767.63 768.39 779.07 786.72 796.96 954.68 703.86
Gold & Silver XAU 79.65 78.42 81.63 81.01 81.11 107.39 76.68
Amex Gold Bugs 193.49 189.77 198.64 196.3 195.58 261.36 186.54
TSX short positions
Short positions outstanding at Sept.30/14 (with changes from Sept.15/14).
Largest short positions
Lundin Mining  LUN 55693625 -67223
New Gold  NGD 30737228 -329725
Barrick Gold  ABX 29395034 13062814
B2Gold  BTO 25336758 3250370
Kinross Gold  K 24963880 12767464
PotashCorp  POT 19459638 -1136460
Detour Gold  DGC 19246040 -1176486
Tahoe Res.  THO 15607829 -1648485
Argonaut Gold  AR 12261233 181500
Thompson Creek Mtl   TCM 10556547 -216656
First Majestic Silver FR 10472099 20113
Silver Wheaton  SLW 10200472 5997363
Dundee Precious Mtl  DPM 9789573 7849
First Quantum  FM 8644100 1277823
Silver Standard Res.  SSO 8412665 20785
Largest increase in short position
Barrick Gold ABX 29395034 13062814
Kinross Gold K 24963880 12767464
Silver Wheaton SLW 10200472 5997363
B2Gold BTO 25336758 3250370
First Quantum FM 8644100 1277823
Largest decrease in short position
Eldorado Gold  ELD 8383183 -1E+07
Yamana Gold  YRI 5577658 -1E+07
Teranga Gold  TGZ 126672 -3932728
Mandalay Res.  MND 383600 -3191940
Cameco  CCO 3344378 -2381524
TSX Venture short positions
Short positions outstanding at Sept.30/14 (with changes from Sept.15/14).
Largest short positions
Commerce Res.  CCE 1299000 1109500
Aurcana Corp.  AUN 1205372 -27500
Nexgen Energy  NXE 1177100 -44700
Robex Res.  RBX 730500 686500
Metanor Res.  MTO 701600 689500
Gold Bullion Dev.  GBB 688000 688000
Fission Uranium  FCU 667357 16700
Amex Exploration  AMX 570000 570000
Pure Gold Mining  PGM 509500 501000
Encanto Potash  EPO 410000 410000
Kalimantan Gold  KLG 402000 402000
Zenyatta Vent.  ZEN 310909 27100
Gold Standard Vent.  GSV 300000 -100
Graphite One Res.  GPH 271000 -249000
Canasil Res.  CLZ 206000 206000
Largest increase in short position
Commerce Res. CCE 1299000 1109500
Metanor Res. MTO 701600 689500
Gold Bullion Dev. GBB 688000 688000
Robex Res. RBX 730500 686500
Amex Exploration AMX 570000 570000
Largest decrease in short position
Athabasca Minerals. ABM 36959 -627900
VMS Ventures  VMS 0 -548500
Rusoro Mining  RML 0 -540300
True Gold Mining  TGM 58742 -484600
Southern Silver Exp.  SSV 0 -362000
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