Metals, mining and money markets

Spot prices

Courtesy of Scotiabank
Tuesday, January 15, 2013
Precious Metals	Price (US$/oz.)	Change
Gold	$1,681.00	27.25
Silver	$31.19	0.8
Platinum	$1,697.00	133
Palladium	$715.00	43
Base Metals	Price (US$/tonne)	Change
Nickel	$17,510.00	245
Lead	$2,291.50	-5
Copper	$7,989.00	-6
Zinc	$1,995.00	-1

LME warehouse levels

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, January 14, 2013 (change from January 7, 2013 in brackets):
Aluminium Alloy	87740	0
Aluminium	5183625	(-29900)
Copper	329725	(+10325)
Lead	301525	(-8150)
Nickel	147060	(+4812)
Tin	12700	(+45)
Zinc	1215875	(+3300)

Producer and Dealer Prices

Antimony: Mid-mkt US$12,100.00/t
Bismuth: Mid-mkt US$8.50/lb.
Cadmium: Mid-mkt US$0.88/lb.
Coal: CME Group Central Appalachian Coal Futures
February 2013: US$57.33; March 2013: US$57.82
Cobalt: Recent trades US$11.50-12.70/lb.
Copper: Comex Copper Futures February 2013: US$3.624/lb.; Comex March 2013: $3.631/lb.
Indium: NY Dealer Mid-mkt US$520.00/kg.
Iridium: J. Matthey Base Mid-mkt US$1,000.00/tr. oz.
Magnesium: Mid-mkt US$3,050.00/t.
Manganese: Mid-mkt US$2,325.00/t.
Mercury: Mid-mkt US$1,850.00/flask (76 lb.).
Molybdenum: Oxide, recent trades US$11.90-12.00/lb.
Rhodium: Mid-mkt US$1,050.00/tr. oz.
Ruthenium: Mid-mkt US$75.00/tr. oz.
Selenium: Mid-mkt US$45.00/lb.
Silver: Base: US$31.34; Fabricated: US$37.61.; Sterling: US$29.06
Tantalum: Ta2O5 ore, mid-mkt US$125/lb. CIF China
Tin: Kuala Lumpur Tin Market, US$24.77/kg
Tungsten: APT Tungstate FOB China mid-mkt: US$310.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$42.00/lb.; Uranium Exchange Co. spot price: US$42.25/lb.
Ferrovanadium: Free Market V2O5, recent trades US$6.00-6.50/lb.; US Ferrovanadium: US$14.25-14.75
Prices current Jan. 15, 2013

Daily Metal Prices

Date	14-Jan	11-Jan	10-Jan	9-Jan	8-Jan
BASE METALS	(London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy	1860/1890	1845/1870	1884/1910	1850/1880	1855/1885
Aluminum	2062/2102	2076.50/2116	2074/2108.50	2061/2094	2026.50/2061
Copper	8029.50/8069	8070.50/8089	8116/8145	8058/8090	8050/8085
Lead	2304/2312	2322/2332	2331/2346	2323/2338	2296/2308
Nickel	17355/17450	17320/17400	17530/17625	17435/17525	17140/17200
Tin	25050/24900	24695/24700	24870/24800	24425/24370	24005/24020
Zinc	1995.50/2018	2010/2035	2018/2045	2003/2032.50	1976/2011.50
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM	1667.75	1669.5	1663	1663.5	N/A
Gold PM	1666.5	1657.5	1675	1657.75	1656
Silver	30.76	30.67	30.49	N/A	30.39
Platinum	1658	1626	1621	1593	1567
Palladium	706	693.5	701	681	673

Exchange rates

CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Date	14-Jan	11-Jan	10-Jan	9-Jan	8-Jan
US$ in C$	0.984	0.9841	0.986	0.9868	0.9873
C$ in US$	1.0163	1.0162	1.0142	1.0134	1.0129
EXCHANGE RATES (Bank of Canada, October 15, 2012)
Currency	Aus $	Euro	Japan	Mex P	SA Rand	UK £
In C$	1.0392	1.3154	0.01101	0.07788	0.1129	1.5819
In US$	1.0561	1.3368	0.01119	0.07915	0.1147	1.6076

Canadian gold mutual funds

Fund name	Jan. 7	Jan. 2	Change	Change	YTD	MER*	Assets*
	($)	($)	($)	(%)	(%)	(%)	(M$)
AGF Pr Mtl	29.53	29.72	-5.67	-19.1	-0.51	2.56	698.9
Altamira Pr & Str Mtl	14.47	22.4	-5.71	-25.5	-1.77	2.35	83.5
BMO Junior Gold Index ETF	13.81	14.47	-2.78	4.3	-2.16	0.58	108.4
BMO Pr Mtl	22.3	16.92	-2.75	-16.3	-0.78	2.29	133.6
CIBC Pr Mtl	16.75	12.75	-4.62	-36.2	-1.31	2.4	141.8
Dynamic Can Pr Mtl	12.59	18.6	-6.43	-34.6	-1.25	1.65	811.6
London Life Pr Mtl (MX)	33.48	33.49	-8.38	-25	-1.17	3.37	259.2
Mackenzie Un Pr Mtl C$	15.93	18.35	-7.63	-41.6	-1.15	2.44	569.9
Middlefield Precious Metals	11.77	15.93	-12.38	-77.7	-1.15	2.48	8.5
Quadrus Mack Un Pr Mtl	18.36	12.06	-7.72	-64	-1.15	2.7	66.7
RBC Global Pr Mtl	39.36	14.8	-3.19	-21.6	-1.15	2.04	1380.4
Sentry Pr Mtl Growth	52.31	53.46	2.76	5.2	-1.78	2.75	731.5
Sprott Gold and Pr Minls	49.43	39.69	-11.45	-28.8	0.12	2.84	854
Sprott Gold and Pr Minls F	52.31	49.19	-10.69	-21.7	0.13	1.78	n/a
TD Pr Mtl	47.97	52.03	-7.05	-13.5	-0.48	2.15	313.9
TD Pr Mtl-A	10.13	10.14	-7.18	-70.8	-0.48	2.31	n/a
iShares Can Gold Sector Index	18.38	18.76	-5.17	-27.6	0.8	0.55	1063.3
Featured fund: AGF Precious Minerals as of 10/30/12 (in weighted order): Central Fund of Canada, Goldcorp, Royal Canadian Mint, Tahoe Resources, Eldorado Gold, B2Gold, Agnico-Eagle Mines, Franco-Nevada, Silver Wheaton. Fund manager: Bob Lyon.

North American stock exchange indices

						52-week
Date	14-Jan	11-Jan	10-Jan	9-Jan	8-Jan	High	Low
TSX Composite	12603.09	12602.18	12599.74	12522.24	12504.81	12788.63	11209.55
S&P/TSX-Ven Comp	1229.53	1240.25	1240.08	1229.11	1225.38	1696.14	1153.9
S&P TSX 60	723.12	722.7	722.2	717.33	716.3	728.03	637.7
Global Gold	294.15	294.99	295.96	289.39	291.18	395.64	265.99
TSX Metals & Mining	1037.54	1042.79	1049.84	1030.18	1034.6	1258.22	781.13
Gold & Silver XAU	162.66	163.36	163.61	159.84	160.55	204.97	140.94
Amex Gold Bugs	431.31	433.05	433.37	422.35	424.69	554.92	372.74

TSX short positions

Short positions outstanding at Dec. 31/12 (with changes from Dec. 15/12).
Largest short positions
Lundin Mining	LUN	60074299	2462993
New Gold	NGD	54090052	1026345
Aurico Gold	AUQ	27623241	1038170
Osisko Mining	OSK	27043895	-321990
Dundee Prec.	DPM	23737816	-253958
Turquoise Hill	TRQ	19771269	2390159
Thompson Creek	TCM	18590324	-2483707
B2gold	BTO	17951045	-244651
Barrick Gold	ABX	16701492	13097721
Tahoe Res.	THO	16682634	305944
Iamgold	IMG	13277174	9109821
Eldorado Gold	ELD	12903710	-1.2E+07
Uranium One	UUU	11509814	-1.2E+07
Argonaut Gold	AR	11321062	-9818299
First Quantum	FM	11134381	-4332158
Largest increase in short position
Barrick Gold	ABX	16701492	13097721
Iamgold	IMG	13277174	9109821
Teck Resources	TCK.B	9249516	7180816
Yamana Gold	YRI	10194388	4649164
Lundin Mining	LUN	60074299	2462993
Largest decrease in short position
Uranium One	UUU	11509814	-1.2E+07
Eldorado Gold	ELD	12903710	-1.2E+07
Argonaut Gold	AR	11321062	-9818299
Cameco	CCO	5829101	-6189894
First Quantum	FM	11134381	-4332158

TSX Venture short positions

Short positions outstanding at Nov. 30/12 (with changes from Nov. 15/12).
Largest short positions
Cerro Resources	CJO	2740187	2738387
Barkerville Gold	BGM	2662417	0
Great Western	GWG	1894830	828047
Abzu Gold	ABS	1153846	1138846
Kaminak Gold	KAM	1073971	240200
Comstock Metals	CSL	1030075	-80100
Probe Mines	PRB	952447	-524900
Orko Silver	OK	933968	669800
Colt Resources	GTP	648000	385000
Mart Resources	MMT	571630	-85538
Aurcana	AUN	558505	-57975
Bear Creek Mining	BCM	480954	-13675
Northern Graphite	NGC	433286	310830
Argex Titanium	RGX	412782	-9100
Unigold	UGD	305743	43000
Largest increase in short position
Cerro Resources	CJO	2740187	2738387
Abzu Gold	ABS	1153846	1138846
Great Western	GWG	1894830	828047
Orko Silver	OK	933968	669800
Northern Graphite	NGC	433286	310830
Largest decrease in short position
Zenyatta Ventures	ZEN	5500	-821673
Robex Resources	RBX	4382	-635519
Probe Mines	PRB	952447	-524900
Goldquest Mining	GQC	99517	-481555
Kiska Metals	KSK	11000	-304300