Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, May 20, 2013    
Precious Metals Price (US$/oz.) Change
Gold $1,378.75 -57.75
Silver $22.44 -1
Platinum $1,468.00 -36
Palladium $742.00 20
     
Base Metals Price (US$/tonne) Change
Nickel $15,040.00 -73
Lead $2,045.50 5.75
Copper $7,416.75 16.25
Zinc $1,866.00 12.25
     
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 20, 2013 (change from May 13, 2013 in brackets):
Aluminium Alloy 70800 (+3720)
Aluminium 5231125 (+76950)
Copper 628025 (+21325)
Lead 239375 (-4400)
Nickel 178758 (+918)
Tin 14050 (-95)
Zinc 1114175 (+75975)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$10,400.00/t
Bismuth: Mid-mkt US$9.60/lb.
Cadmium: Mid-mkt US$0.99/lb.
Coal: CME Group Central Appalachian Coal Futures
June 2013: US$60.12; July 2013: US$60.80
Cobalt: US$13.90/lb.
Copper: Comex Copper Futures June 2013: US$3.268/lb.; Comex July 2013: $3.269/lb.
Germanium: US$1,700/kg.
Indium: NY Dealer Mid-mkt US$570.00/kg.
Iridium: Mid-mkt US$1,000.00/tr. oz.
Magnesium FOB China: Mid-mkt US$2,750.00/t.
Manganese FOB China: Mid-mkt US$2,400.00/t.
Molybdenum: Oxide, recent trades US$11.50/lb.
Rhenium: US$3,600/kg
Rhodium: Mid-mkt US$1,125.00/tr. oz.
Ruthenium: Mid-mkt US$85.00/tr. oz.
Selenium: Mid-mkt US$38/lb.
Silver: Base: US$23.27; Fabricated: US$22.67; Sterling: US$27.20
Tin: N.A.
Tungsten: APT Tungstate FOB China mid-mkt: US$355.00
per mtu
Uranium: U3O8, Trade Tech spot price: US$40.75/lb.; Uranium Exchange Co. spot price: US$40.70/lb.
Ferrovanadium: Free Market V2O5, US$5.50
Prices current May 15, 2013

Daily metal prices
Date 20-May 17-May 16-May 15-May 14-May
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1780/1800 1760/1780 1755/1775 1745/1765 1740/1760
Aluminum 1810.50/1845.50 1840/1863 1802/1834 1800/1834 1825/1852
Copper 7275/7296 7329/7349.50 7095/7125 7095/7140 7195/7225
Lead 2001/2008 2002.50/2010 1966/1967 1948/1959 1975/1988
Nickel 14845/14910 14850/14900 14765/14895 14825/14900 15100/15180
Tin 20995/21000 20895/20850 20620/20675 20595/20645 20625/20675
Zinc 1806.50/1837.50 1812.50/1843 1789.50/1820 1792/1824 1813.50/1848
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1353.75 1376.75 1377 1412.25 1436.5
Gold PM 1354.75 1368.75 1381 1410 1433.75
Silver 21.66 22.52 22.26 22.87 23.44
Platinum 1447 1470 1476 1496 1489
Palladium 734 736 728 727 718
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 20-May 17-May 16-May 15-May 14-May  
US$ in C$ N/A 1.0269 1.0163 1.0173 1.0148  
C$ in US$ N/A 0.9738 0.984 0.983 0.9854  
             
EXCHANGE RATES (Bank of Canada, May 21, 2013)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 1.0076 1.3268 0.01004 0.08341 0.01078 1.5592
In US$ 0.9804 1.291 0.00977 0.08116 0.1049 1.5172
Canadian gold mutual funds
Fund name  May 20  May 13 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 18.43 20.15 -5.67 -28.1 -37.84 2.56 698.9
Altamira Pr & Str Mtl 9.07 10.07 -5.71 -56.7 -38.43 2.35 83.5
BMO Junior Gold Index ETF 7.22 8.17 -2.78 4.3 -48.81 0.58 108.4
BMO Pr Mtl 13.95 15.16 -2.75 -18.1 -37.92 2.29 133.6
CIBC Pr Mtl 9.91 11.13 -4.62 -41.5 -41.58 2.4 141.8
Dynamic Can Pr Mtl 6.58 7.61 -6.43 -84.5 -48.39 1.65 811.6
London Life Pr Mtl (MX) 20.18 22.03 -8.38 -38 -40.41 3.37 259.2
Mackenzie Un Pr Mtl C$ 9.64 10.52 -7.63 -72.5 -40.19 2.44 569.9
Middlefield Precious Metals 6.9 7.69 -12.38 -161 -42 2.48 8.5
Quadrus Mack Un Pr Mtl 11.1 12.11 -7.72 -63.7 -40.24 2.7 66.7
RBC Global Pr Mtl 24.55 27.31 -3.19 -11.7 -38.35 2.04 1380.4
Sentry Pr Mtl Growth 28.77 33.42 2.76 8.3 -45.98 2.75 731.5
Sprott Gold and Pr Minls 27.42 31.03 -11.45 -36.9 -44.46 2.84 854
Sprott Gold and Pr Minls F 29.14 32.96 -10.69 -32.4 -44.23 1.78 n/a
TD Pr Mtl 30.32 32.96 -7.05 -21.4 -37.1 2.15 313.9
TD Pr Mtl-A 6.41 6.96 -7.18 -103.2 -37.13 2.31 n/a
iShares Can Gold Sector Index 11.26 12.32 -5.17 -42 -40.26 0.55 1063.3
Featured fund: Quadrus Precious Metals top holdings as of 01/31/13 (in weighted order): Rio Tinto, Goldcorp, Detour Gold, AngloGold Ashanti, Yamana Gold, Randgold Resources, Tahoe Resources, Freeport McMoRan Copper & Gold. Fund manager: Fred Sturm. 
North American stock exchange indices
            52-week
Date 20-May 17-May 16-May 15-May 14-May High Low
TSX Composite N/A 12636.31 12562.98 12575.01 12600.7 12904.71 11209.55
S&P/TSX-Ven Comp N/A 934.68 932.86 936.87 949.87 1349.32 917.83
S&P TSX 60 N/A 723.59 716.41 714.94 721.19 742.39 637.7
Global Gold N/A 180.2 186.34 185.93

194.87 355.92 180.2
TSX Metals & Mining N/A 840.51 838.79 840.49 846.67 1050.76 719.37
Gold & Silver XAU 103.06 97.49 100.79 100.44 104.64 196.71 97.1
Amex Gold Bugs 260.93 246.07 256.55 256.79 269.52 529.8 244.62
TSX short positions
Short positions outstanding at May. 15/13 (with changes from Apr. 30/13).
       
Largest short positions
Lundin Mining LUN 68913359 1108786
New Gold  NGD 51026149 832186
Kinross Gold  K 48976154 19759869
Osisko Mining  OSK 43053287 -867961
Eldorado Gold  ELD 33163527 23856709
Yamana Gold  YRI 27397747 5494051
First Quantum  FM 27107633 15953070
Turquoise Hill  TRQ 27089245 923369
Dundee Prec.  DPM 23879200 -82006
Potash Corp. POT 20402111 12119269
Thompson Creek  TCM 20394776 -1054748
Tahoe Res. THO 18476117 -806126
Cameco   CCO 17731706 9987808
Teck Resources  TCK.B 12843074 6196549
Iamgold   IMG 12673298 4643010
Largest increase in short position
Eldorado Gold  ELD 33163527 23856709
Kinross Gold  K 48976154 19759869
First Quantum  FM 27107633 15953070
Potash Corp. POT 20402111 12119269
Cameco   CCO 17731706 9987808
Largest decrease in short position
Denison Mines  DML 1077292 -4754347
Barrick Gold  ABX 4358895 -4300028
Banro           BAA 2147354 -4115227
Silver Wheaton  SLW 4269001 -3888931
B2gold   BTO 7230610 -1826477
       
       
TSX Venture short positions
Short positions outstanding at May. 15/13 (with changes from Apr. 30/13).
       
Largest short positions
Barkerville Gold  BGM 2308815 -81400
Kilo Goldmines   KGL 2000000 1900679
Great Western         GWG 1372500 121400
Alpha Minerals   AMW 834697 -406000
Monarques          MQR 834000 834000
Northern Shield  NRN 683500 683500
Zenyatta Ventures  ZEN 535437 -17163
Aldrin Resource  ALN 526000 526000
Majestic Gold          MJS 523953 -87847
Nevada Sunrise   NEV 521000 521000
Pacific Potash   PP 504000 4000
Bitterroot Resources  BTT 400000 400000
Argex Titanium   RGX 395400 -5700
Avanti Mining    AVT 260000 260000
Unigold           UGD 257623 -10000
Largest increase in short position
Kilo Goldmines   KGL 2000000 1900679
Monarques          MQR 834000 834000
Northern Shield  NRN 683500 683500
Aldrin Resource  ALN 526000 526000
Nevada Sunrise   NEV 521000 521000
Largest decrease in short position
Ucore Rare Metals  UCU 208300 -1591200
Red Tiger Mining  RMN 972 -791374
Amseco            AEL 147 -595000
Alpha Minerals   AMW 834697 -406000
Robex Resources  RBX 0 -384000
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