Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, September 3, 2013
Precious Metals	Price (US$/oz.)	Change
Gold	$1,411.00	45.25
Silver	$24.29	1.42
Platinum	$1,548.00	43
Palladium	$747.00	1
Base Metals	Price (US$/tonne)	Change
Nickel	$13,731.00	2
Lead	$2,160.00	-15
Copper	$7,245.25	11
Zinc	$1,907.75	1

LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, September 2, 2013 (change from August 27, 2013 in brackets):
Aluminium Alloy	65700	(-1360)
Aluminium	5392475	(-29675)
Copper	589750	(+13400)
Lead	185150	(-1375)
Nickel	213378	(+1476)
Tin	14985	(-310)
Zinc	1000200	(-24650)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$10,400.00/t
Bismuth: Mid-mkt US$8.40/lb.
Cadmium 99.9: Mid-mkt US$0.95/lb.
Coal: CME Group Central Appalachian Coal Futures
Oct. 2013: US$51.13; Nov. 2013: US$51.33
Cobalt 99.8: US$13.75/lb.
Copper: Comex Copper Futures Oct. 2013: US$3.31/lb.; Comex Nov. 2013: $3.31/lb.
Germanium: US$1,850/kg.
Indium: NY Dealer Mid-mkt US$670.00/kg.
Iridium: Mid-mkt US$818.18/tr. oz.
Magnesium FOB China: Mid-mkt US$2,700.00/t.
Manganese FOB China: Mid-mkt US$2,300.00/t.
Molybdenum Oxide: US$9.30/lb.
Rhodium: Mid-mkt US$1,003.41/tr. oz.
Ruthenium: Mid-mkt US$76.18/tr. oz.
Selenium: Mid-mkt US$32.00/lb.
Silver: Base: US$24.44; Fabricated: US$29.32; Sterling: US$22.66
Tungsten: APT Tungstate FOB China mid-mkt: US$430.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$35.00/lb.; Uranium Exchange Co. spot price: US$34.00/lb.
Ferrovanadium: US$25.40/kg; Vanadium-Pentoxide: US$5.50/lb.
Prices current Sept. 3, 2013

Daily metal prices
Date	2-Sep	30-Aug	29-Aug	28-Aug	27-Aug
BASE METALS	(London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy	1755/1795	1770/1800	1740/1770	1765/1825	1760/1790
Aluminum	1763.50/1813	1775/1817	1797/1845	1826/1876	1827.50/1878
Copper	7175/7195	7094/7122	7210/7240	7235.50/7276	7300/7316
Lead	2150/2161	2160/2163	2195/2198	2229/2225	2205/2221.50
Nickel	13770/13820	13750/13825	14065/14130	14225/14275	14320/14400
Tin	21125/21125	21225/21200	21510/21475	21625/21725	21695/21725
Zinc	1867.50/1903	1877/1912.50	1900.50/1937.50	1932.50/1970	1937/1972
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM	1391.25	1392.75	1406.25	1425.5	1411
Gold PM	1392.25	1394.75	1407.75	1419.5	1419.25
Silver	23.97	23.64	24.11	24.74	24.29
Platinum	1524	1514	1527	1528	1546
Palladium	724	727	741	744	747

Exchange rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Date	2-Sep	30-Aug	29-Aug	28-Aug	27-Aug
US$ in C$	N/A	1.0553	1.0526	1.049	1.0503
C$ in US$	N/A	0.9476	0.95	0.9533	0.9521
EXCHANGE RATES (Bank of Canada, Aug 30, 2013)
Currency	Aus $	Euro	Japan	Mex P	SA Rand	UK £
In C$	0.9392	1.3926	0.01074	0.07913	0.1029	1.6322
In US$	0.89	1.3196	0.01018	0.07498	0.09751	1.5467

Canadian gold mutual funds
Fund name	Sept. 3	Aug 26	Change	Change	YTD	MER*	Assets*
	($)	($)	($)	(%)	(%)	(%)	(M$)
AGF Pr Mtl	20.9	22	-5.67	-25.8	-29.51	2.56	698.9
Altamira Pr & Str Mtl	10.7	11.4	-5.71	-50.1	-27.36	2.35	83.5
BMO Junior Gold Index ETF	8.94	9.69	-2.78	4.3	-36.63	0.58	108.4
BMO Pr Mtl	16.28	17.27	-2.75	-15.9	-27.54	2.29	133.6
CIBC Pr Mtl	11.21	11.82	-4.62	-39.1	-33.95	2.4	141.8
Dynamic Can Pr Mtl	7.59	7.9	-6.43	-81.4	-40.47	1.65	811.6
London Life Pr Mtl (MX)	22.18	23.42	-8.38	-35.8	-34.51	3.37	259.2
Mackenzie Un Pr Mtl C$	10.73	10.73	-7.63	-71.1	-33.42	2.44	569.9
Middlefield Precious Metals	7.64	8.24	-12.38	-150.2	-35.81	2.48	8.5
Quadrus Mack Un Pr Mtl	28.13	29.73	-7.72	-26	-29.36	2.7	66.7
RBC Global Pr Mtl	33.4	35.66	-3.19	-8.9	-37.28	2.04	1380.4
Sentry Pr Mtl Growth	31.76	33.31	2.76	8.3	-35.66	2.75	731.5
Sprott Gold and Pr Minls	33.81	35.47	-11.45	-32.3	-35.28	2.84	854
Sprott Gold and Pr Minls F	34.04	36.01	-10.69	-29.7	-29.38	1.78	n/a
TD Pr Mtl	7.19	7.6	-7.05	-92.8	-29.46	2.15	313.9
TD Pr Mtl-A	12.35	12.35	-7.18	-58.1	-33.51	2.31	n/a
iShares Can Gold Sector Index	12.43	13.28	-5.17	-38.9	-33.64	0.55	1063.3
Featured fund: Unv Precious Metals top holdings as of 03/31/13 (in weighted order): Randgold Resources, Yamana Gold, Detour Gold, Tahoe Resources, Rio Tinto, Goldcorp, B2Gold, Eldorado Gold, Ivanplats. Fund manager: Benoit Gervais.

North American stock exchange indices
						52-week
Date	2-Sep	30-Aug	29-Aug	28-Aug	27-Aug	High	Low
TSX Composite	N/A	12653.9	12704.73	12607.22	12591.25	12904.71	11759.04
S&P/TSX-Ven Comp	N/A	939.31	941.44	933.54	936.74	1349.32	859.31
S&P TSX 60	N/A	727.13	731.21	724.74	722.99	742.39	672.36
Global Gold	N/A	199.21	201.59	199.29	204.28	355.92	154
TSX Metals & Mining	N/A	765.29	766.03	775.12	779.88	1050.76	662.2
Gold & Silver XAU	N/A	103.44	104.83	104.3	107.31	196.71	82.29
Amex Gold Bugs	N/A	253.8	257.67	255.63	263.34	529.8	206.66

TSX short positions
Short positions outstanding at Aug. 15/13 (with changes from July 31/13).
Largest short positions
Kinross Gold	K	79548968	71375030
Lundin Mining	LUN	67405848	-162487
New Gold	NGD	53102304	-628769
Osisko Mining	OSK	37035408	858682
Yamana Gold	YRI	31143997	17636935
Turquoise Hill	TRQ	29578352	-175993
Iamgold	IMG	28142410	18210283
Potash Corp.	POT	22348913	7253312
Tahoe Resources	THO	20805547	-28028
Thompson Creek	TCM	19663861	-576176
Teck Resources	TCK.B	17653940	9086750
Eldorado Gold	ELD	16351057	10736315
Cameco	CCO	16103068	6724005
Dundee Precious	DPM	15577972	69135
B2gold	BTO	14106399	-307372
Largest increase in short position
Kinross Gold	K	79548968	71375030
Iamgold	IMG	28142410	18210283
Yamana Gold	YRI	31143997	17636935
Eldorado Gold n	ELD	16351057	10736315
Teck Resources	TCK.B	17653940	9086750
Largest decrease in short position
Colossus Minerals	CSI	3802685	-3100730
Whitecap Resources	WCP	973043	-2199621
First Quantum Mnrls	FM	10076224	-2064471
Coalspur Mines	CPT	0	-1490500
Barrick Gold	ABX	5266637	-1477925
TSX Venture short positions
Short positions outstanding at Aug. 15/13 (with changes from July 31/13).
Largest short positions
Regulus Resources	REG	2165000	1847000
Pacific Potash	PP	1875000	1225500
Barkerville Gold	BGM	1734315	-84600
Fire River Gold	FAU	1028000	1021000
Great Western	GWG	950453	149500
Esperanza Resources	EPZ.WT	900000	900000
Alpha Minerals	AMW	631597	76700
Brazilian Gold	BGC	505000	380700
Aldrin Resource	ALN	430000	255000
Caribou King	CKR	400000	400000
Zenyatta Ventures	ZEN	345835	-116632
Bellhaven Copper	BHV	273600	20000
Victoria Gold	VIT	263000	237000
Fission Uranium	FCU	247715	35459
Sunridge Gold	SGC	202500	202000
Largest increase in short position
Regulus Resources	REG	2165000	1847000
Pacific Potash	PP	1875000	1225500
Fire River Gold	FAU	1028000	1021000
Esperanza Resources	EPZ.WT	900000	900000
Caribou King	CKR	400000	400000
Largest decrease in short position
High Desert Gold	HDG	0	-1250000
Apogee Silver	APE	20482	-1159000
China Minerals	CMV	0	-1060000
Oceanic Iron Ore	FEO	0	-990000
Sunset Cove	SSM	58204	-742000