Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, November 5, 2013
Precious Metals Price (US$/oz.) Change
Gold $1,272.25 -8.75
Silver $20.44 -0.66
Platinum $1,416.00 -16
Palladium $717.00 -32
     
Base Metals Price (US$/tonne) Change
Nickel $13,617.00 40
Lead $2,090.25 10.25
Copper $6,970.50 -3
Zinc $1,894.25 9
     
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, November 18, 2013 (change from November 11, 2013 in brackets):
Aluminium Alloy 60540 (-220)
Aluminium 5335050 (-1400)
Copper 448950 (-13925)
Lead 236125 (+3125)
Nickel 244614 (+4620)
Tin 11480 (-640)
Zinc 996550 (-16025)

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$53.69; Jan. 2014: US$55.04
Cobalt 99.8: US$14.25/lb.
Copper: Comex Copper Futures Dec. 2013: US$3.153/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$2,400.00/t.
Molybdenum Oxide: US$9.70/lb.
Rhodium: Mid-mkt US$978.70/tr. oz.
Ruthenium: Mid-mkt US$57.00/tr. oz.
Selenium: Mid-mkt US$30.00/lb.
Silver: Base: US$20.25; Fabricated: US$24.29; Sterling: US$18.78
Tungsten: APT Tungstate FOB China mid-mkt: US$390.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$35.85/lb.; Uranium Exchange Co. spot price: N.A.
Ferrovanadium: US$25.00/kg; Vanadium-Pentoxide: US$5.90/lb.
Prices current Nov. 20, 2013

Daily metal prices
Date 18-Nov 15-Nov 14-Nov 13-Nov 12-Nov
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1750/1780 1740/1780 1741/1775 1770/1800 1790/1815
Aluminum 1737/1783.50 1737.50/1785 1740/1786 1745.50/1794 1754.50/1802
Copper 6999/6995 6967/6974.50 6938.50/6948.50 7021/7029 7123.50/7128
Lead 2071.50/2091.50 2072/2090 2073.50/2091.50 2076/2093.50 2091/2111
Nickel 13680/13750 13685/13735 13575/13660 13600/13650 13650/13730
Tin 22975/22905 22965/22940 22900/22850 22750/22775 22750/22725
Zinc 1863/1891 1859/1889 1851/1883 1852/1885.50 1856/1889.50
           
PRECIOUS META
L PRICES (London fix, US$ per troy oz.)
Gold AM 1283.5 1281.75 1283.25 1276 1281
Gold PM 1283.5 1287.25 1286 1272.5 1281.25
Silver 20.64 20.64 20.78 20.7 21.1
Platinum 1430 1438 1451 1438 1437
Palladium 727 729 738 740 746.5
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 18-Nov 15-Nov 14-Nov 13-Nov 12-Nov  
US$ in C$ 1.0427 1.0458 1.0497 1.0468 1.0502  
C$ in US$ 0.959 0.9562 0.9527 0.9553 0.9522  
             
EXCHANGE RATES (Bank of Canada, Nov 18, 2013)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 0.98 1.4096 0.01042 0.081 0.103 1.6797
In US$ 0.9399 1.3519 0.00999 0.07768 0.09878 1.6109
Canadian gold mutual funds
Fund name Nov. 18  Nov. 11 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 17.98 17.94 -5.67 -39.4 -39.49 2.56 698.9
Altamira Pr & Str Mtl 9.18 9.16 -5.71 -37.7 -37.81 2.35 83.5
BMO Junior Gold Index ETF 6.85 6.86 -2.78 -51.5 -51.38 0.58 108.4
BMO Pr Mtl 13.65 13.66 -2.75 -39.2 -39.22 2.29 133.6
CIBC Pr Mtl 10.09 9.99 -4.62 -41.1 -41.11< /td>

2.4 141.8
Dynamic Can Pr Mtl 6.12 6.13 -6.43 -52 -51.92 1.65 811.6
London Life Precious Mtl 18.97 19.21 -8.38 -44.2 -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 6.42 6.37 -12.38 -46.1 -46.46 2.48 8.5
RBC Global Pr Mtl 23.92 24.16 -3.19 -39.9 -39.33 2.04 1380.4
Sentry Pr Mtl Growth 28.32 28.03 2.76 -46.8 -47.22 2.75 731.5
Sprott Gold and Pr Minls 25.77 25.99 -11.45 -47.8 -47.36 2.84 854
Sprott Gold and Pr Minls F 27.5 27.73 -10.69 -47.4 -46.92 1.78 n/a
TD Pr Mtl 30.2 30.17 -7.05 -37.3 -37.41 2.15 313.9
TD Pr Mtl-A 6.37 6.36 -7.18 -37.4 -37.49 2.31 n/a
iShares TSX Global Gold Index 10.79 10.87 -5.17 -42.1 -41.64 0.55 802.1
Featured fund: BMO Precious Metals top holdings as of 09/30/13 (in weighted order): B2Gold, Virginia Mines, Goldcorp, Franco-Nevada, Silver Wheaton, Osisko Mining, Semafo, Barrick Gold, Tahoe Resources, New Gold, Randgold Resources, First Majestic Silver. Fund manager: Mark Serdan.
North American stock exchange indices
            52-week
Date 18-Nov 15-Nov 14-Nov 13-Nov 12-Nov High Low
TSX Composite 13458.06 13482.57 13431.38 13370.66 13326.04 13521.47 11759.04
S&P/TSX-Ven Comp 925.31 921.79 934.07 931.63 925.88 1259.75 859.31
S&P TSX 60 776.05 777.29 774.66 771.35 768.27 779.73 677.55
Global Gold 169.36 173.13 175.99 171.91 171.28 320.04 154
TSX Metals & Min
ing
776.8 783 781.59 781.94 797.68 1050.76 662.2
Gold & Silver XAU 90.72 92.61 93.73 91.46 90.84 174.82 82.29
Amex Gold Bugs 222.35 226.91 230.67 224.71 223.59 464.3 206.66
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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