Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, October 8, 2013    
Precious Metals Price (US$/oz.) Change
Gold $1,321.00 -11.25
Silver $22.30 -0.6
Platinum $1,407.00 0
Palladium $709.00 -17
     
Base Metals Price (US$/tonne) Change
Nickel $13,851.00 -60
Lead $2,090.50 31
Copper $7,234.00 -5.5
Zinc $1,887.25 9
     
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, October 7, 2013 (change from September 30, 2013 in brackets):
Aluminium Alloy 61700 (-600)
Aluminium 5354025 (-26975)
Copper 523425 (-14600)
Lead 237300 (-2550)
Nickel 227928 (+1860)
Tin 13195 (-220)
Zinc 1009075 (+42650)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$10,600.00/t
Bismuth: Mid-mkt US$8.50/lb.
Cadmium 99.9: Mid-mkt US$1.00/lb.
Coal: CME Group Central Appalachian Coal Futures
Nov. 2013: US$53.44; Dec. 2013: US$53.54
Cobalt 99.8: US$14.70/lb.
Copper: Comex Copper Futures Nov. 2013: US$3.23/lb.; Comex Dec. 2013: $3.23/lb.
Germanium: US$1,850/kg.; Germanium Dioxide: US$1,850/kg.
Indium: NY Dealer Mid-mkt US$690.00/kg.
Iridium: Mid-mkt US$686.96/tr. oz.
Magnesium FOB China: Mid-mkt US$2,900.00/t.
Manganese FOB China: Mid-mkt US$2,250.00/t.
Molybdenum Oxide: US$9.65/lb.
Rhodium: Mid-mkt US$995.65/tr. oz.
Ruthenium: Mid-mkt US$59.30/tr. oz.
Selenium: Mid-mkt US$32.00/lb.
Silver: Base: US$21.85; Fabricated: US$26.22; Sterling: US$20.26
Tungsten: APT Tungstate FOB China mid-mkt: US$410.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$35.25/lb.; Uranium Exchange Co. spot price: US$35.25
Ferrovanadium: US$26.00/kg; Vanadium-Pentoxide: US$5.75-6.25/lb.
Prices current Oct. 9, 2013

Daily metal prices
Date 7-Oct 4-Oct 3-Oct 2-Oct 1-Oct
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1775/1810 1785/1815 1790/1815 1795/1820 1770/1805
Aluminum 1790.50/1837 1789/1831 1785/1832 1773/1820 1785/1835.50
Copper 7170.50/7204 7147/7180 7215/7244.50 7155.50/7181.50 7218.50/7235
Lead 2027/2053 2026.50/2056 2046/2072 2033/2063.50 2052/2081.50
Nickel 13835/13890 13550/13635 13625/13695 13625/13700 13735/13800
Tin 23625/23650 22970/23000 22840/22865 22705/22725 23175/23220
Zinc 1828.50/1869.50 1830/1868.50 1840/1877 1827.50/1866 1852/1888
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1311 1316 1309 1293.75 1332.25
Gold PM 1323.5 1309.75 1316 1306.25 1290.75
Silver 21.77 21.65 21.57 21.14 21.7
Platinum 1386 1386 1373 1389 1377
Palladium 697 706 706 715 719
Canadian gold mutual funds
Fund name  Oct. 7  Sept. 30 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 18.22 18.36 -5.67 -30.9 -38.55 2.56 698.9
Altamira Pr & Str Mtl 9.24 9.35 -5.71 -61.1 -37.27 2.35 83.5
BMO Junior Gold Index ETF 7.3 7.39 -2.78 4.3 -48.26 0.58 108.4
BMO Pr Mtl 14.04 14.14 -2.75 -19.4 -37.55 2.29 133.6
CIBC Pr Mtl 10.11 10.19 -4.62 -45.3 -40.41 2.4 141.8
Dynamic Can Pr Mtl 6.48 6.54 -6.43 -98.3 -49.18 1.65 811.6
London Life Precious Mtl 19.09 19.28 -8.38 -43.5 -43.64 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 6.36 6.43 -12.38 -192.5 -46.57 2.48 8.5
RBC Global Pr Mtl 24.32 24.6 -3.19 -13 -38.93 2.04 1380.4
Sentry Pr Mtl Growth 28.74 28.92 2.76 9.5 -46.03 2.75 731.5
Sprott Gold and Pr Minls 27.23 27.41 -11.45 -41.8 -44.84 2.84 854
Sprott Gold and Pr Minls F 29.02 29.21 -10.69 -36.6 -44.45 1.78 n/a
TD Pr Mtl 30.13 30.29 -7.05 -23.3 -37.49 2.15 313.9
TD Pr Mtl-A 6.36 6.39 -7.18 -112.4 -37.56 2.31 n/a
iShares TSX Global Gold Index 10.54 10.68 -5.17 -48.4 -43.41 0.55 802.1
Featured fund: Altamira Precious Metals Index top holdings as of 06/3/13 (in weighted order): Goldcorp, Yamana Gold, Barrick Gold, Silver Wheaton, Argonaut Gold, Eldorado Gold, Franco-Nevada, Dundee Precious Metals, Agnico Eagle Mines, B2Gold, New Gold, Tahoe Resources, First Majestic Silver, Kinross Gold. Fund manager: Jean-Phillipe Choquette.
North American stock exchange indices
            52-week
Date 7-Oct 4-Oct 3-Oct 2-Oct 1-Oct High Low
TSX Composite 12788.25 12758.65 12735.12 12839 12847 12964.86 11759.04
S&P/TSX-Ven Comp 947.52 955.36 943.85 947.33 942.04 1347.11 859.31
S&P TSX 60 733.83 732.02 730.19 736.05 736.88 743.41 672.36
Global Gold 172.78 169.17 170.38 172.93 171.47 348.05 154
TSX Metals & Mining 769.92 779.51 770.22 790.93 785.18 1050.76 662.2
Gold & Silver XAU 91.79 90.36 90.55 91.77 91.36 192.19 82.29
Amex Gold Bugs 226 221.66 222.67 225.27 224.26 514.55 206.66
TSX short positions
Short positions outstanding at Sept. 30/13 (with changes from Sept. 15/13).
Largest short positions
Lundin Mining  LUN 63898868 -1335567
New Gold  NGD 48133941 -881122
Osisko Mining  OSK 38279338 1113430
Barrick Gold  ABX 32960239 10795567
Turquoise Hill  TRQ 31493643 710035
Tahoe Resources  THO 20177666 -379979
Thompson Creek  TCM 184
74709
-473
First Quantum  FM 17367447 -19375
Kinross Gold  K 17034814 -1.6E+07
B2gold      BTO 16192282 -209083
Dundee Precious  DPM 15301650 120628
Detour Gold  DGC 15053764 568838
First Majestic  FR 13104768 -46410
Argonaut Gold  AR 10850262 170035
Kirkland Lake  KGI 9755375 -232582
Largest increase in short position
Barrick Gold  ABX 32960239 10795567
Sulliden Gold  SUE 3880130 3579143
Silver Wheaton  SLW 8496329 3314553
Agnico-Eagle  AEM 6319483 2716561
Denison Mines  DML 3295669 2515237
Largest decrease in short position
Eldorado Gold  ELD 5999639 -2.1E+07
Kinross Gold  K 17034814 -1.6E+07
Yamana Gold  YRI 3444768 -9464132
Cameco   CCO 4091927 -6848786
Potash Corp. POT 4979965 -2224472
TSX Venture short positions
Short positions outstanding at Sept. 30/13 (with changes from Sept. 15/13).
Largest short positions
Fission Uranium  FCU 1621156 1081420
Barkerville Gold  BGM 1276315 -134140
Great Western     GWG 856000 20000
Sunset Cove      SSM 760204 229000
Fancamp          FNC 638311 322000
Sunridge Gold     SGC 457000 330000
Pacific Potash    PP 430000 0
Arianne Phosphate  DAN 402600 393100
Southern Arc     SA 400500 400500
Zenyatta Ventures  ZEN 365815 -190050
Eagle Hill       EAG 362500 247000
Brazilian Gold    BGC 342000 341500
Pelangio          PX 330000 285000
Malbex Resources  MBG 300000 200000
Gold Standard     GSV 252456 0
Largest increase in short position
Fission Uranium  FCU 1621156 1081420
Southern Arc     SA 400500 400500
Arianne Phosphate  DAN 402600 393100
Brazilian Gold   BGC 342000 341500
Sunridge Gold    SGC 457000 330000
Largest decrease in short position
Sirios Resources  SOI 0 -808000
Aldrin Resource  ALN 37500 -608500
Falco Pacific     FPC 75000 -199500
Zenyatta Ventures  ZEN 365815 -190050
Victoria Gold    VIT 85000 -181500
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