Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, January 21 2014
Precious Metals Price (US$/oz.) Change
Gold $1,247.75 -1
Silver $20.03 -0.24
Platinum $1,456.00 27
Palladium $746.00 -10
     
Base Metals Price (US$/tonne) Change
Nickel $14,736.00 175
Lead $2,210.00 7
Copper $7,345.00 25
Zinc $2,089.50 12.5
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, January 20, 2014 (change from January 20, 2014 in brackets):
Aluminium Alloy 56240 (-100)
Aluminium 5476175 (+45425)
Copper 334550 (-6225)
Lead 209550 (-2950)
Nickel 261264 (-384)
Tin 9470 (-150)
Zinc 879750 (-21550)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,700/t
Bismuth: Mid-mkt US$9.40/lb.
Cadmium 99.9: Mid-mkt US$0.90/lb.
Coal: CME Group Central Appalachian Coal Futures
Feb. 2014: US$56.40; Mar. 2014: US$55.78
Cobalt 99.8: US$12.75/lb.
Copper: Comex Copper Futures Feb. 2014: US$3.34/lb.; Comex Mar. 2014: $3.33/lb.
Germanium: US$1850/kg.
Indium: NY Dealer Mid-mkt US$690.00/kg.
Iridium: Mid-mkt US$408.00/tr. oz.
Magnesium FOB China: Mid-mkt US$2,900.00/t.
Manganese FOB China: Mid-mkt US$2,450.00/t.
Molybdenum Oxide: US$10.00/lb.
Rhodium: Mid-mkt US$1018.75/tr. oz.
Ruthenium: Mid-mkt US$57.30/tr. oz.
Selenium: Mid-mkt US$28.00/lb.
Silver: Base: US$19.86; Fabricated: US$23.83; Sterling: US$18.42
Tungsten: APT Tungstate FOB China mid-mkt: US$380.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$35.00/lb.; Uranium Exchange Co. spot price: US$35.75/lb.
Ferrovanadium: US$26.00/kg; Vanadium-Pentoxide: US$6.00/lb.
Prices current Jan. 22, 2014

Daily metal prices
Date 20-Jan 17-Jan 16-Jan 15-Jan 14-Jan
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1830/1865 1780/1815 1770/1810 1770/1810 1758/1795
Aluminum 1767/1812.50 1765/1806 1751.50/1795 1751.50/1795 1714.50/1759.50
Copper 7335/7305 7379/7339.50 7345/7327 7345/7327 7308/7290
Lead 2187/2211.50 2175/2200 2198/2222 2198/2222 2150/2172
Nickel 14430/14475 14590/14625 14485/14560 14485/14560 14240/14290
Tin 22285/22295 22375/22390 2240/22390 22400/22390 22095/22075
Zinc 2075/2075 2067/2066.50 2081.50/2083 2081.50/2083 2054/2050
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1254.75 1241 1237.25 1238 1248.75
Gold PM 1255.75 1250 1241.5 1236 1251.5
Silver 20.29 20.01 20 20.09 20.27
Platinum 1470 1447 1424 1416 1433
Palladium 749 747 741 734 737
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 20-Jan 17-Jan 16-Jan 15-Jan 14-Jan  
US$ in C$ 1.0962 1.0961 1.0926 1.0933 1.0934  
C$ in US$ 0.9122 0.9123 0.9152 0.9147 0.9146  
             
EXCHANGE RATES (Bank of Canada, Jan 20, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 0.9647 1.4867 0.01052 0.08279 0.1011 1.8
In US$ 0.88 1.3562 0.0096 0.07552 0.09223 1.642
Canadian gold mutual funds
Fund name  Jan. 15  Jan. 6 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 19.18 17.39 -5.67 -39.4 13.63 2.56 698.9
Altamira Pr & Str Mtl 9.87 8.91 -5.71 -37.7 15.44 2.35 83.5
BMO Junior Gold Index ETF 7.35 6.56 -2.78 -51.5 19.48 0.58 108.4
BMO Pr Mtl 14.96 13.58 -2.75 -39.2 15.13 2.29 133.6
CIBC Pr Mtl 10.45 9.52 -4.62 -41.1 13.98 2.4 141.8
Dynamic Can Pr Mtl 6.15 5.66 -6.43 -52 14.1 1.65 811.6
London Life Precious Mtl 19.99 18.11 -8.38 -44.2 15.11 3.37 259.2
Middlefield Precious Metals 6.86 6.14 -12.38 -46.1 17.69 2.48 8.5
RBC Global Pr Mtl 25.26 23.03 -3.19 -39.9 13.29 2.04 1380.4
Sentry Pr Mtl Growth 31.42 27.21 2.76 -46.8 21.49 2.75 731.5
Sprott Gold and Pr Minls 28.78 25.41 -11.45 -47.8 19.1 2.84 854
Sprott Gold and Pr Minls F 30.77 27.15 -10.69 -47.4 19.16 1.78 n/a
TD Pr Mtl 32.09 29.34 -7.05 -37.3 13.71 2.15 313.9
TD Pr Mtl-A 6.77 6.19 -7.18 -37.4 13.69 2.31 n/a
iShares TSX Global Gold Index 11.09 10.21 -5.17 -42.1 13.66 0.55 802.1
Featured fund: CIBC Precious Metals top holdings as of 09/30/13 (in weighted order): Randgold Resources, 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 20-Jan 17-Jan 16-Jan 15-Jan 14-Jan High Low
TSX Composite 13990.29 13888.21 13.831.58 13772.58 13692.38 13999.6 11759.04
S&P/TSX-Ven Comp 979.77 976.34 974.54 975.81 964.71 1245.12 859.31
S&P TSX 60 805.15 798.62 795.39 792.52 787.99 805.63 677.55
Global Gold 180.92 177.81 171.26 170.05 168.33 301.48 149.29
TSX Metals & Mining 867.73 856.21 859.95 823.96 794.49 1043.96 662.2
Gold & Silver XAU N/A 92.3 89.85 89.95 87.74 164.73 79.73
Amex Gold Bugs N/A 217.19 209.9 208.96 206.62 437.29 188.39
TSX short positions
Short positions outstanding at Jan. 15/13 (with changes from Dec. 31/13).   
Largest short positions
Lundin Mining  LUN 60648263 275619
New Gold  NGD 46794820 417533
Osisko Mining  OSK 44777864 1102693
Kinross Gold  K 37864222 19866134
Detour Gold  DGC 24902290 914596
Tahoe Res.  THO 19152012 -17910
Yamana Gold  YRI 17897279 13153391
Thompson Creek  TCM 17008439 830239
B2gold   BTO 15128460 -2642538
Teck Resources  TCK.B 13243615 5376293
Dundee Prec.  DPM 13022045 -164165
Barrick Gold  ABX 12619978 -2E+07
Argonaut Gold  AR 11088126 -131656
First Quantum  FM 11030336 618221
First Majestic  FR 10701518 213752
Largest increase in short position
Kinross Gold K 37864222 19866134
Yamana Gold  YRI 17897279 13153391
Teck Resources  TCK.B 13243615 5376293
Agrium   AGU 4705383 4110779
Cameco   CCO 6464011 2717558
Largest decrease in short position
Barrick Gold            ABX 12619978 -2E+07
Turquoise Hill   TRQ 6926913 -1.6E+07
Eldorado Gold          ELD 4275414 -4821744
B2gold            BTO 15128460 -2642538
Carpathian Gold  CPN 12100 -1785000

993400

TSX Venture short positions
Short positions outstanding at Jan. 15/13 (with changes from Dec. 31/13).   
Largest short positions
Graphite One         GPH 2172000 1611000
Sirios Resources  SOI 1627900
Robex Resources  RBX 1339500 1319500
Great Western Minerals  GWG 653500 -21000
Fission Uranium  FCU 558664 168573
Fission 3.0          FUU 458100 -622927
Bellhaven Copper  BHV 353000 107000
Arianne Phosphate  DAN 316800 -14600
Zodiac Exploration  ZEX 274000 274000
Sunridge Gold         SGC 225000 -23000
Colt Resources   GTP 220000 220000
Zenyatta Ventures  ZEN 193487 -33519
Big North Graphite  NRT 169000 169000
Goldquest Mining  GQC 148600 143402
Banks Island Gold  BOZ 142146 138000
Largest increase in short position
Graphite One         GPH 2172000 1611000
Robex Resources  RBX 1339500 1319500
Sirios Resources  SOI 1627900 993400
Zodiac Exploration  ZEX 274000 274000
Colt Resources   GTP 220000 220000
Largest decrease in short position
Global Cobalt  GCO 200 -1064800
Tasman Metals  TSM 39255 -659350
Fission 3.0  FUU 458100 -622927
Eastcoal  ECX 405 -600000
Rusoro Mining  RML 0 -589600
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