Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, December 17, 2013
Precious Metals	Price (US$/oz.)	Change
Gold	$1,237.25	-8.5
Silver	$20.02	-0.03
Platinum	$1,361.00	-20
Palladium	$718.00	-20
Base Metals	Price (US$/tonne)	Change
Nickel	$14,092.00	30
Lead	$2,170.25	7
Copper	$7,272.00	-12
Zinc	$1,995.00	8

LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, December 16, 2013 (change from December 9, 2013 in brackets):
Aluminium Alloy	56860	(-1860)
Aluminium	5392350	(-48850)
Copper	389175	(-16100)
Lead	221175	(-5775)
Nickel	255354	(+2298)
Tin	10315	(-235)
Zinc	913925	(-23225)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,400/t
Bismuth: Mid-mkt US$8.90/lb.
Cadmium 99.9: Mid-mkt US$0.93/lb.
Coal: CME Group Central Appalachian Coal Futures
Jan. 2014: US$54.89; Feb. 2014: US$55.20
Cobalt 99.8: US$12.50/lb.
Copper: Comex Copper Futures Jan. 2014: US$3.346/lb.; Comex Feb. 2014: $3.333/lb.
Germanium: US$1,350/kg.
Indium: NY Dealer Mid-mkt US$650.00/kg.
Iridium: Mid-mkt US$415.00/tr. oz.
Magnesium FOB China: Mid-mkt US$2,900.00/t.
Manganese FOB China: Mid-mkt US$2,350.00/t.
Molybdenum Oxide: US$9.75/lb.
Rhodium: Mid-mkt US$920.87/tr. oz.
Ruthenium: Mid-mkt US$57.00/tr. oz.
Selenium: Mid-mkt US$28.00/lb.
Silver: Base: US$19.91; Fabricated: US$23.89; Sterling: US$18.46
Tungsten: APT Tungstate FOB China mid-mkt: US$390.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$34.50/lb.; Uranium Exchange Co. spot price: N.A.
Ferrovanadium: US$25.00/kg; Vanadium-Pentoxide: US$6.00/lb.
Prices current Dec. 18, 2013

Daily metal prices
Date	16-Dec	13-Dec	12-Dec	11-Dec	10-Dec
BASE METALS	(London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy	1795/1830	1795/1830	1795/1830	1800/1835	1790/1830
Aluminum	1745/1790	1750/1795.50	1759/1804	1768.50/1814.50	1762/1807
Copper	7325/7305	7218/7218	7229.50/7214	7169/7161	7165/7160.50
Lead	2151/2170	2115/2136	2113/2134.50	2113.50/2132.50	2103/2129
Nickel	14055/14135	13900/13950	14000/14080	13920/13990	14000/14065
Tin	22845/22845	22700/22650	22650/22650	22550/22500	23250/23250
Zinc	1992/1990	1958.50/1964	1951.50/1956	1952/1951	1938/1939

PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM	1229.5	1222.75	1243.5	1255.25	1245.75
Gold PM	1234.75	1232	1225.25	1260.75	1266.25
Silver	19.5	19.55	19.8	20.39	20.05
Platinum	1355	1367	1371	1388	1393
Palladium	717	723	729	742	743

Exchange rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Date	16-Dec	13-Dec	12-Dec	11-Dec	10-Dec
US$ in C$	1.0577	1.0595	1.0641	1.0607	1.0623
C$ in US$	0.9454	0.9438	0.9398	0.9428	0.9414
EXCHANGE RATES (Bank of Canada, Dec 16, 2013)
Currency	Aus $	Euro	Japan	Mex P	SA Rand	UK £
In C$	0.9485	1.4551	0.01028	0.08173	0.1029	1.7251
In US$	0.8968	1.3757	0.00972	0.07727	0.09729	1.631

Canadian gold mutual funds
Fund name	Dec. 16	Dec. 9	Change	Change	YTD	MER*	Assets*
	($)	($)	($)	(%)	(%)	(%)	(M$)
AGF Pr Mtl	16.5	16.38	-5.67	-39.4	-44.35	2.56	698.9
Altamira Pr & Str Mtl	8.46	8.35	-5.71	-37.7	-42.57	2.35	83.5
BMO Junior Gold Index ETF	6.2	6.06	-2.78	-51.5	-56.05	0.58	108.4
BMO Pr Mtl	12.78	12.48	-2.75	-39.2	-43.15	2.29	133.6
CIBC Pr Mtl	8.98	8.98	-4.62	-41.1	-47.06	2.4	141.8
Dynamic Can Pr Mtl	5.34	5.24	-6.43	-52	-58.12	1.65	811.6
London Life Precious Mtl	17.14	17.01	-8.38	-44.2	-49.39	3.37	259.2
Middlefield Precious Metals	5.76	5.72	-12.38	-46.1	-51.59	2.48	8.5
RBC Global Pr Mtl	21.84	21.6	-3.19	-39.9	-45.16	2.04	1380.4
Sentry Pr Mtl Growth	25.24	24.77	2.76	-46.8	-52.6	2.75	731.5
Sprott Gold and Pr Minls	23.92	23.67	-11.45	-47.8	-51.55	2.84	854
Sprott Gold and Pr Minls F	25.54	25.28	-10.69	-47.4	-51.1	1.78	n/a
TD Pr Mtl	27.57	27.4	-7.05	-37.3	-42.8	2.15	313.9
TD Pr Mtl-A	5.82	5.78	-7.18	-37.4	-42.86	2.31	n/a
iShares TSX Global Gold Index	9.69	9.43	-5.17	-42.1	-48.12	0.55	802.1
Featured fund: CIBC Precious Metals top holdings as of 09/30/13 (in weighted order): Randgold Resources, B2Gold, New Gold, Silver Wheaton, Primero Mining, Goldcorp, Agnico Eagle Mines, Tahoe Resources, Yamana Gold. Fund manager: Craig Porter.

North American stock exchange indices
						52-week
Date	16-Dec	13-Dec	12-Dec	11-Dec	10-Dec	High	Low
TSX Composite	13184.41	13125.7	13114.39	13133.42	13324.01	13517.02	11759.04
S&P/TSX-Ven Comp	890.66	894.47	886.09	897.03	903.99	1247.01	859.31
S&P TSX 60	757.02	752.92	753.17	754	766.07	780.25	677.55
Global Gold	155.63	154.45	153.79	154.29	160.21	307.67	149.96
TSX Metals & Mining	715.16	715.01	716.35	718.12	727.15	1050.76	662.2
Gold & Silver XAU	82.26	82.33	82.06	85.74	83.92	169.97	80.49
Amex Gold Bugs	197.32	195.57	195.28	197.37	205.18	455.35	190.93

TSX short positions
Short positions outstanding at Dec. 15/13 (with changes from Nov. 30/13).
Largest short positions
Lundin Mining	LUN	62894431	911969
New Gold	NGD	47205108	-1513935
Osisko Mining	OSK	43720790	7933936
Kinross Gold	K	34441544	-1.6E+07
Detour Gold	DGC	27411973	8765669
Eldorado Gold	ELD	25731228	-1.5E+07
Barrick Gold	ABX	24026847	19203343
Tahoe Res.	THO	19224544	-353367
B2gold	BTO	17441864	-1702194
Turquoise Hill	TRQ	16812183	-1.5E+07
Thompson Creek.	TCM	16376008	-2023183
Dundee Prec.	DPM	13637493	-78657
Potash Corp	POT	12593928	25417
First Majestic	FR	11433837	4333631
Argonaut Gold	AR	11114957	-20154
Largest increase in short position
Barrick Gold	ABX	24026847	19203343
Detour Gold	DGC	27411973	8765669
Turquoise Hill	TRQ.RT	8616118	8616118
Osisko Mining	OSK	43720790	7933936
First Majestic	FR	11433837	4333631
Largest decrease in short position
Yamana Gold	YRI	6745071	-1.7E+07
First Quantum	FM	6348683	-1.6E+07
Kinross Gold	K	34441544	-1.6E+07
Turquoise Hill	TRQ	16812183	-1.5E+07
Eldorado Gold	ELD	25731228	-1.5E+07

TSX Venture short positions
Short positions outstanding at Dec. 15/13 (with changes from Nov. 30/13).
Largest short positions
Fission Uranium	FCU	1579556	-2253980
Great Western	GWG	865500	29500
Tasman Metals	TSM	786905	-3070 00
Sirios Resources	SOI	477500	43500
Mason Graphite	LLG	422800	422300
Big North Graphite	NRT	355000	138000
Sunridge Gold	SGC	326000	-73000
Zenyatta Ventures	ZEN	317906	5243
New Destiny Mining	NED	300000	300000
Arianne Phosphate	DAN	297800	32300
Huldra Silver	HDA	255000	140000
Whetstone Minerals	WMI	230000	230000
Graphite One	GPH	200000	114000
First Bauxite	FBX	197700	197700
Mammoth Resources	MTH	190000	55000
Largest increase in short position
Mason Graphite	LLG	422800	422300
New Destiny	NED	300000	300000
Whetstone Minerals	WMI	230000	230000
First Bauxite	FBX	197700	197700
Mukuba Resources	MKU	169000	169000
Largest decrease in short position
Fission Uranium	FCU	1579556	-2253980
Revolver Resources	RZ	200	-2000800
Robex Resources	RBX	0	-1780000
Tasman Metals	TSM	786905	-307000
Passport Potash	PPI	111000	-248000