Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, February 5, 2013
Precious Metals	Price (US$/oz.)	Change
Gold	$1,678.00	17.5
Silver	$32.01	0.95
Platinum	$1,698.00	26
Palladium	$754.00	14
Base Metals	Price (US$/tonne)	Change
Nickel	$18,732.00	-25
Lead	$2,460.75	9
Copper	$8,289.50	-35
Zinc	$2,179.75	-8.5

LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, February 4, 2013 (change from January 28, 2013 in brackets):
Aluminium Alloy	86800	(-440)
Aluminium	5153350	(-7825)
Copper	374200	(+33200)
Lead	290075	(-3650)
Nickel	150906	(+1482)
Tin	13625	(+590)
Zinc	1202050	(-5550)

Producer and dealer prices

Antimony: Mid-mkt US$11,800.00/t
Bismuth: Mid-mkt US$8.50/lb.
Cadmium: Mid-mkt US$0.91/lb.
Coal: CME Group Central Appalachian Coal Futures
March 2013: US$57.92; April 2013: US$58.45
Cobalt: Recent trades US$11.50-12.80/lb.
Copper: Comex Copper Futures March 2013: US$3.75/lb.; Comex April 2013: $3.78/lb.
Indium: NY Dealer Mid-mkt US$497.50/kg.
Iridium: J. Matthey Base Mid-mkt US$1,000.00/tr. oz.
Magnesium: Mid-mkt US$2,965.00/t.
Manganese: Mid-mkt US$2,345.00/t.
Mercury: Mid-mkt US$1,850.00/flask (76 lb.).
Molybdenum: Oxide, recent trades US$11.30-11.50/lb.
Rhodium: Mid-mkt US$1,150.00/tr. oz.
Ruthenium: Mid-mkt US$75.00/tr. oz.
Selenium: Mid-mkt US$45.00/lb.
Silver: Base: US$31.82; Fabricated: US$38.18.; Sterling: US$29.50
Tantalum: Ta2O5 ore, mid-mkt US$125/lb. CIF China
Tin: Kuala Lumpur Tin Market, US$24.88/kg
Tungsten: APT Tungstate FOB China mid-mkt: US$310.00
per mtu
Uranium: U3O8, Trade Tech spot price: US$43.75/lb.; Uranium Exchange Co. spot price: N.A.
Ferrovanadium: Free Market V2O5, recent trades US$6.00-6.50/lb.; US Ferrovanadium: US$14.75-15.00
Prices current Feb. 5, 2013

Daily metal prices
Date	4-Feb	1-Feb	31-Jan	30-Jan	29-Jan
BASE METALS	(London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy	1835/1865	1815/1845	1850/1880	1815/1845	1800/1830
Aluminum	2078/2117	2055.50/2091.50	2073/2110.50	2046/2085	1997/2035
Copper	8225.50/8264.50	8159.50/8189	8168/8215	8175/8214.50	8010/8045
Lead	2441/2452	2425/2436	2437.50/2441	2438/2448	2377/2385.50
Nickel	18580/18660	18375/18445	18370/18460	18200/18240	17600/17625
Tin	24940/24925	24805/24800	25075/25095	25060/25050	24475/24475
Zinc	2140.50/2165	2129/2149	2138.50/2160	2118/2142	2058.50/2080
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM	1664.25	1665	1674.5	1666.25	1660.5
Gold PM	1666	1669	1664.75	1677.5	1663.5
Silver	31.51	31.43	32.03	31.35	31.06
Platinum	1696	1687	1672	1688	1673
Palladium	749	745	739	756	739

Exchange rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Date	4-Feb	1-Feb	31-Jan	30-Jan	29-Jan
US$ in C$	0.9977	0.9987	0.9992	1.0033	1.0029
C$ in US$	1.0023	1.0013	1.0008	0.9967	0.9971
EXCHANGE RATES (Bank of Canada, October 15, 2012)
Currency	Aus $	Euro	Japan	Mex P	SA Rand	UK £
In C$	1.0398	1.3495	0.01078	0.07848	0.1117	1.57
In US$	1.0422	1.3526	0.0108	0.07866	0.112	1.5736

Canadian gold mutual funds
Fund name	Jan. 28	Jan. 21	Change	Change	YTD	MER*	Assets*
	($)	($)	($)	(%)	(%)	(%)	(M$)
AGF Pr Mtl	28.42	29.53	-5.67	-19.2	-4.25	2.56	698.9
Altamira Pr & Str Mtl	13.63	14.47	-5.71	-39.5	-7.47	2.35	83.5
BMO Junior Gold Index ETF	12.66	13.81	-2.78	4.3	-10.3	0.58	108.4
BMO Pr Mtl	21.01	22.3	-2.75	-12.3	-6.52	2.29	133.6
CIBC Pr Mtl	15.93	16.75	-4.62	-27.6	-6.17	2.4	141.8
Dynamic Can Pr Mtl	11.44	12.59	-6.43	-51.1	-10.27	1.65	811.6
London Life Pr Mtl (MX)	31.85	33.48	-8.38	-25	-5.97	3.37	259.2
Mackenzie Un Pr Mtl C$	15.17	15.93	-7.63	-47.9	-5.91	2.44	569.9
Middlefield Precious Metals	10.87	11.77	-12.38	-105.2	-8.69	2.48	8.5
Quadrus Mack Un Pr Mtl	17.47	18.36	-7.72	-42	-5.92	2.7	66.7
RBC Global Pr Mtl	37.47	39.36	-3.19	-8.1	-5.9	2.04	1380.4
Sentry Pr Mtl Growth	49.4	52.31	2.76	5.3	-7.24	2.75	731.5
Sprott Gold and Pr Minls	46.02	49.43	-11.45	-23.2	-6.79	2.84	854
Sprott Gold and Pr Minls F	48.74	52.31	-10.69	-20.4	-6.71	1.78	n/a
TD Pr Mtl	46.02	47.97	-7.05	-14.7	-4.52	2.15	313.9
TD Pr Mtl-A	9.76	10.13	-7.18	-70.9	-4.54	2.31	n/a
iShares Can Gold Sector Index	17.36	18.38	-5.17	-28.1	-4.75	0.55	1063.3
Featured fund: BMO Junior Gold Index as of 12/31/12 (in weighted order): Detour Gold, Allied Nevada Gold, AuRico Gold, Coerur d’Alene Mines, Alamos Gold, Centerra Gold, Torex Gold, B2Gold, Alacer Gold, Nova Gold. Fund manager: Jones Heward Investment management team.

North American stock exchange indices
						52-week
Date	4-Feb	1-Feb	31-Jan	30-Jan	29-Jan	High	Low
TSX Composite	12717.62	12768.83	12685.24	12794.44	12830.56	12895.28	11209.55
S&P/TSX-Ven Comp	1216.5	1228.66	1221.71	1222.35	1231.92	1696.14	1153.9
S&P TSX 60	729.99	732.52	727.76	735.13	738.67	742.39	637.7
Global Gold	280.57	279.99	275.8	280.12	281.09	393.13	265.99
TSX Metals & Mining	1003.02	1016.04	1002.49	1011.77	1019.72	1237.21	781.13
Gold & Silver XAU	152.06	151.94	149.68	150.95	151.72	204.12	140.94
Amex Gold Bugs	402.44	400	393.63	398.44	401.38	554.01	372.74

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TSX short positions
Short positions outstanding at Jan. 15/13 (with changes from Dec. 31/12).
Largest short positions
Lundin Mining	LUN	60846177	771878
New Gold	NGD	54961510	871458
Osisko Mining	OSK	28121647	1077752
Aurico Gold	AUQ	27627225	3984
Uranium One	UUU	27036807	15526993
Dundee Prec.	DPM	23684918	-52898
B2gold	BTO	19356899	1405854
Thompson Creek	TCM	17990584	-599740
Turquoise Hill	TRQ	17596815	-2174454
Tahoe Res	THO	16781394	98760
Barrick Gold	ABX	14809717	-1891775
Iamgold	IMG	13966650	689476
Yamana Gold	YRI	12019433	1825045
Teck Resources	TCK.B	10957674	1708158
Detour Gold	DGC	10731505	-163062
Largest increase in short position
Uranium One	UUU	27036807	15526993
Aurizon Mines	ARZ	7163002	3664361
Nautilus Min.	NUS	2703700	2517000
Paladin Energy	PDN	3198309	2294400
Yamana Gold	YRI	12019433	1825045
Largest decrease in short position
Eldorado Gold	ELD	2743698	-1E+07
Argonaut Gold	AR	6802461	-4518601
Silver Wheaton	SLW	3615946	-3622539
First Quantum	FM	8231622	-2902759
Turquoise Hill	TRQ	17596815	-2174454
TSX Venture short positions
Short positions outstanding at Jan. 15/13 (with changes from Dec. 31/12).
Largest short positions
Barkerville Gold	BGM	2662417	0
Probe Mines	PRB	1337247	384800
Kaminak Gold	KAM	997671	-76300
Great Western Minrls	GWG	963155	-931675
Orko Silver	OK	931868	-2100
Galway Metals	GWM	836400	836400
Rockridge Capital	RRC	834800	833500
Brixton Metals	BBB	830000	827000
Aurcana	AUN	807005	248500
Encanto Potash	EPO	806022	782570
Sandstorm Metals	SND	628047	454606
Creso Exploration	CXT	627000	497000
Metals Creek	MEK	531000	520000
Bear Creek Mining	BCM	466906	-14048
Northern Graphite	NGC	420728	-12558
Largest increase in short position
Galway Metals	GWM	836400	836400
Rockridge Capital	RRC	834800	833500
Brixton Metals	BBB	830000	827000
Encanto Potash	EPO	806022	782570
Metals Creek	MEK	531000	520000
Largest decrease in short position
Cerro Resources	CJO	0	-2740187
Abzu Gold	ABS	500	-1153346
Comstock Metals	CSL	26425	-1003650
Great Western	GWG	963155	-931675
Colt Resources	GTP	2500	-645500