Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, November 5, 2013
Precious Metals Price (US$/oz.) Change
Gold $1,281.00 -30.25
Silver $21.10 -0.5
Platinum $1,432.00 -18
Palladium $749.00 6
     
Base Metals Price (US$/tonne) Change
Nickel $13,659.00 -120
Lead $2,107.00 -20.5
Copper $7,100.00 -53
Zinc $1,885.00 -10
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, November 11, 2013 (change from November 4, 2013 in brackets):
Aluminium Alloy 60760 (-260)
Aluminium 5336450 (-36175)
Copper 462875 (-11800)
Lead 233000 (-150)
Nickel 239994 (+1410)
Tin 12120 (-125)
Zinc 1012575 (-14075)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$10,200.00/t
Bismuth: Mid-mkt US$9.10/lb.
Cadmium 99.9: Mid-mkt US$1.00/lb.
Coal: CME Group Central Appalachian Coal Futures
Dec. 2013: US$53.16; Jan. 2014: US$53.94
Cobalt 99.8: US$14.25/lb.
Copper: Comex Copper Futures Dec. 2013: US$3.158/lb.; Comex Jan. 2014: $3.160/lb.
Germanium Dioxide: US$1,370/kg.
Gallium: US$320/kg
Indium: NY Dealer Mid-mkt US$670.00/kg.
Iridium: Mid-mkt US$510.87/tr. oz.
Magnesium FOB China: Mid-mkt US$2,900.00/t.
Manganese FOB China: Mid-mkt US$2,300.00/t.
Molybdenum Oxide: US$9.75/lb.
Rhodium: Mid-mkt US$983.91/tr. oz.
Ruthenium: Mid-mkt US$57.00/tr. oz.
Selenium: Mid-mkt US$31.00/lb.
Silver: Base: US$20.85; Fabricated: US$25.02; Sterling: N.A.
Tungsten: APT Tungstate FOB China mid-mkt: US$390.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$35.10/lb.; Uranium Exchange Co. spot price: N.A.
Ferrovanadium: US$25.00/kg; Vanadium-Pentoxide: US$5.90/lb.
Prices current Nov. 13, 2013

Daily metal prices
Date 11-Nov 8-Nov 7-Nov 6-Nov 5-Nov
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1770/1805 1770/1805 1770/1805 1780/1810 1775/1810
Aluminum 1760/1804.50 1760/1804.50 1775.50/1820 1784/1830 1767/1812.50
Copper 7133/7130 7133/7130 7118.50/7117 7199/7197.50 7138/7154
Lead 2107/2123.50 2107/2123.50 2115/2137 2149/2173 2123/2146
Nickel 13805/13875 13805/13875 13945/14055 14285/14355 14300/14375
Tin 22860/22860 22860/22860 22700/22665 23000/22975 22700/22700
Zinc 1864/1895.50 1864/1895.50 1868/1903.50 1896/1931 1886/1921
           < /td>
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1283.75 1309 1316 1317 1311.25
Gold PM 1282.5 1285.5 1307.25 1319 1307.25
Silver 21.4 21.7 21.75 21.94 21.6
Platinum 1430 1446 1453 1465 1451
Palladium 749 757 755.5 758 745
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 11-Nov 8-Nov 7-Nov 6-Nov 5-Nov  
US$ in C$ N/A 1.0487 1.0442 1.0419 1.0448  
C$ in US$ N/A 0.9536 0.9577 0.9598 0.9571  
             
EXCHANGE RATES (Bank of Canada, Nov 12, 2013)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 0.9756 1.4102 0.01054 0.07957 0.1011 1.6714
In US$ 0.929 1.3428 0.01004 0.07577 0.09627 1.5915
Canadian gold mutual funds
 Fund name  Nov. 11  Nov. 4 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 17.94 18.1 -5.67 -31.3 -39.49 2.56 698.9
Altamira Pr & Str Mtl 9.16 9.16 -5.71 -62.3 -37.81 2.35 83.5
BMO Junior Gold Index ETF 6.86 7.21 -2.78 4.3 -51.38 0.58 108.4
BMO Pr Mtl 13.66 13.85 -2.75 -19.9 -39.22 2.29 133.6
CIBC Pr Mtl 9.99 10.11 -4.62 -45.7 -41.11 2.4 141.8
Dynamic Can Pr Mtl 6.13 6.29 -6.43 -102.2 -51.92 1.65 811.6
London Life Precious Mtl 19.21 19.44 -8.38 -43.1 -43.29 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 6.37 6.42 -12.38 -192.8 -46.46 2.48 8.5
RBC Global Pr Mtl 24.16 24.23 -3.19 -13.2 -39.33 2.04 1380.4
Sentry Pr Mtl Growth 28.03 28.68 2.76 9.6 -47.22 2.75 731.5
Sprott Gold and Pr Minls 25.99 26.68 -11.45 -42.9 -47.36 2.84 854
Sprott Gold and Pr Minls F 27.73 28.44 -10.69 -37.6 -46.92 1.78 n/a
TD Pr Mtl 30.17 30.16 -7.05 -23.4 -37.41 2.15 313.9
TD Pr Mtl-A 6.36 6.36 -7.18 -112.9 -37.49 2.31 n/a
iShares TSX Global Gold Index 10.87 10.71 -5.17 -48.3 -41.64 0.55 802.1
Featured fund: BMO Junior Gold Index top holdings as of 09/30/13 (in weighted order): Alamos Gold, B2Gold, Coeur Mining, Detour Gold, AuRico Gold, Argonaut Gold, Torex Gold Resources, Centerra Gold, Alacer Gold, Semafo. Fund manager: Jones Heward investment management team.
North American stock exchange indices
            52-week
Date 11-Nov 8-Nov 7-Nov 6-Nov 5-Nov High Low
TSX Composite 13358.39 13378.33 13294.2 13380.41 13361.71 13471.06 11759.04
S&P/TSX-Ven Comp 935.36 937.41 931.08 941.31 945.61 1306.67 859.31
S&P TSX 60 769.41 771.41 765.45 769.81 768.65 774.64 672.36
Global Gold 174.46 174.62 173.42 177.37 175.19 335.14 154
TSX Metals & Mining 806.39 809.11 811.66 831.22 823.92 1050.76 662.2
Gold & Silver XAU 92.73 92.49 91.74 94.33 93.28 179 82.29
Amex Gold Bugs 228.91 229.32 227.98 233.62 230.56 475.31 206.66
TSX short positions
Short positions outstanding at Oct. 31/13 (with changes from Oct. 15/13).
Largest short positions
Lundin Mining  LUN 62715359 -1292589
New Gold  NGD 47854075 159951
Kinross Gold  K 41331233 13750686
Osisko Mining  OSK 35893739 -927817
Turquoise Hill  TRQ 31000892 -323803
Eldorado Gold  ELD 20750724 9157414
Tahoe Res.  THO 19768447 -218195
Yamana Gold  YRI 19015231 14262470
Thompson Creek  TCM 18618297 27393
Detour Gold  DGC 18485934 3417127
B2gold   BTO 18134969 2389541
Potash Corp. POT 16786187 6891887
Teck Resources  TCK.B 14400290 784313
Dundee Prec.  DPM 13995460 -1185416
First Quantum  FM 13393085 4914249
Largest increase in short position
Yamana Gold  YRI 19015231 14262470
Kinross Gold K 41331233 13750686
Eldorado Gold  ELD 20750724 9157414
Potash Corp. POT 16786187 6891887
Canada Lithium  CLQ 10056505 6528093
Largest decrease in short position
Barrick Gold      ABX 8870436 -1.1E+07
Silver Wheaton   SLW 1912046 -3988412
Agnico-Eagle Mines  AEM 3430656 -1763287
Lundin Mining    LUN 62715359 -1292589
Dundee Precious  DPM 13995460 -1185416
TSX Venture short positions
Short positions outstanding at Oct. 31/13 (with changes from Oct. 15/13).
Largest short positions
KWG Resources  KWG 6759781 6705500
Fission Uranium  FCU 2558836 -92220
Tasman Metals  TSM 1406098 376735
Sirios Resources  SOI 1026500 1026500
Great Western  GWG 837000 1000
Barkerville Gold  BGM 451500 -75200
Zenyatta Ventures  ZEN 367799 49263
Storm Resources  SRX 351100 351100
Global Cobalt  GCO 302000 302000
Kent Exploration  KEX 285000 66000
Gold Standard  GSV 260600 7444
Sunridge Gold  SGC 210500 -72000
Colorado Resources  CXO 207216 206600
Sunset Cove Mining  SSM 200204 -414000
Purepoint Uranium  PTU 200000 200000
Largest increase in short position
KWG Resources  KWG 6759781 6705500
Sirios Resources  SOI 1026500 1026500
Tasman Metals  TSM 1406098 376735
Storm Resources  SRX 351100 351100
Global Cobalt  GCO 302000 302000
Largest decrease in short position
Gpm Metals  GPM 0 -797500
Mason Graphite  LLG 0 -504500
Sunset Cove  SSM 200204 -414000
Roxgold  ROG 6989 -374900
Pelangio  PX 0 -337000
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