Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, March 12, 2013
Precious Metals	Price (US$/oz.)	Change
Gold	$1,582.50	-1.75
Silver	$29.25	0.32
Platinum	$1,594.00	13
Palladium	$772.00	48
Base Metals	Price (US$/tonne)	Change
Nickel	$17,037.00	141
Lead	$2,226.50	30.75
Copper	$7,831.50	73.25
Zinc	$1,985.50	25.25

LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 11, 2013 (change from March 4, 2013 in brackets):
Aluminium Alloy	82880	(-1040)
Aluminium	5189975	(+27100)
Copper	513550	(+51150)
Lead	284900	(-2275)
Nickel	161460	(+804)
Tin	13595	(+20)
Zinc	1207675	(+9375)

Producer and Dealer prices

Antimony FOB China: Mid-mkt US$11,800.00/t
Bismuth: Mid-mkt US$8.50/lb.
Cadmium: Mid-mkt US$0.91/lb.
Coal: CME Group Central Appalachian Coal Futures
April 2013: US$58.90; May 2013: US$59.10
Cobalt: Recent trades US$11.50-12.40/lb.
Copper: Comex Copper Futures April 2013: US$3.497/lb.; Comex May 2013: $3.508/lb.
Indium: NY Dealer Mid-mkt US$492.50/kg.
Iridium: J. Matthey Base Mid-mkt US$1,000.00/tr. oz.
Magnesium: Mid-mkt US$2,950.00/t.
Manganese FOB China: Mid-mkt US$2,405.00/t.
Mercury: Mid-mkt US$1,850.00/flask (76 lb.).
Molybdenum: Oxide, recent trades US$11.10-11.20/lb.
Rhodium: Mid-mkt US$1,225.00/tr. oz.
Ruthenium: Mid-mkt US$75.00/tr. oz.
Selenium: Mid-mkt US$45.00/lb.
Silver: Base: US$28.92; Fabricated: US$34.70; Sterling: US$26.81
Tantalum: Ta2O5 ore, mid-mkt US$125/lb. CIF China
Tin: Kuala Lumpur Tin Market, US$23.40/kg
Tungsten: APT Tungstate FOB China mid-mkt: US$310.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$42.00/lb.; Uranium Exchange Co. spot price: US$42.25/lb.
Ferrovanadium: Free Market V2O5, recent trades US$6.00-6.50/lb.; US Ferrovanadium: US$14.70-15.00
Prices current Mar. 6, 2013

Daily metal prices
Date	11-Mar	8-Mar	7-Mar	6-Mar	5-Mar
BASE METALS	(London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy	1850/1850	1875/1865	1830/1830	1830/1830	1840/1840
Aluminum	1895/1940	1926.50/1968	1910/1955	1927/1969	1942.50/1984.50
Copper	7675/7701	7723.50/7744.50	7670.50/7710	7699/7733	7715/7744.50
Lead	2170.50/2189.50	2194.50/2211	2166/2183	2200/2217	2206/2222.50
Nickel	16645/16695	16555/16625	16510/16575	16570/16625	16500/16570
Tin	23600/23645	23745/23745	23515/23520	23465/23450	23520/23525
Zinc	1916/1937.50	1969/1989.50	1962.50/1979	1971.50/1991	1983.50/2008
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM	1577.5	1577	1580.5	1574	1584.25
Gold PM	1579	1581.75	1579.5	1574	1579.75
Silver	28.9	28.78	29.01	28.74	28.93
Platinum	1594	1588	1596	1590	1587
Palladium	774	769	755	739	728

Exchange rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Date	11-Mar	8-Mar	7-Mar	6-Mar	5-Mar
US$ in C$	1.0268	1.0273	1.0302	1.0314	1.029
C$ in US$	0.9739	0.9734	0.9707	0.9696	0.9718
EXCHANGE RATES (Bank of Canada, October 15, 2012)
Currency	Aus $	Euro	Japan	Mex P	SA Rand	UK £
In C$	1.0539	1.3363	0.01068	0.08184	0.1126	1.5296
In US$	1.0264	1.3014	0.0104	0.0797	0.1097	1.4897

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Canadian gold mutual funds
Fund name	March 4	Feb. 25	Change	Change	YTD	MER*	Assets*
	($)	($)	($)	(%)	(%)	(%)	(M$)
AGF Pr Mtl	24.07	29.68	-5.67	-19.1	-18.9	2.56	698.9
Altamira Pr & Str Mtl	11.98	22.48	-5.71	-25.4	-18.67	2.35	83.5
BMO Junior Gold Index ETF	10.57	14.11	-2.78	4.3	-25.07	0.58	108.4
BMO Pr Mtl	17.9	16.97	-2.75	-16.2	-20.34	2.29	133.6
CIBC Pr Mtl	12.75	-4.62	-36.2	-22.17	2.4	141.8
Dynamic Can Pr Mtl	9.28	18.23	-6.43	-35.3	-27.22	1.65	811.6
London Life Pr Mtl (MX)	27.22	33.87	-8.38	-24.7	-19.63	3.37	259.2
Mackenzie Un Pr Mtl C$	13.03	18.57	-7.63	-41.1	-19.17	2.44	569.9
Middlefield Precious Metals	9.24	16.12	-12.38	-76.8	-22.39	2.48	8.5
Quadrus Mack Un Pr Mtl	15	11.9	-7.72	-64.9	-19.2	2.7	66.7
RBC Global Pr Mtl	31.95	14.73	-3.19	-21.7	-19.77	2.04	1380.4
Sentry Pr Mtl Growth	41.13	53.25	2.76	5.2	-22.77	2.75	731.5
Sprott Gold and Pr Minls	38.03	39.82	-11.45	-28.8	-22.97	2.84	854
Sprott Gold and Pr Minls F	40.32	49.37	-10.69	-21.7	-22.82	1.78	n/a
TD Pr Mtl	40.12	52.24	-7.05	-13.5	-16.76	2.15	313.9
TD Pr Mtl-A	8.47	10.18	-7.18	-70.5	-16.79	2.31	n/a
iShares Can Gold Sector Index	15.29	48.2	-5.17	-10.7	-19.11	0.55	1063.3
Featured fund: BMO Precious Minerals as of 1/31/13 (in weighted order): Perseus Mining, Barrick Gold, Goldcorp, Silver Wheaton, B2Gold, Kinross Gold, Franco-Nevada, Allied Nevada, Virginia Mines, Semafo, Sandstorm Gold, PMI Gold, Centerra Gold. Fund manager: Mark Serdan.

North American stock exchange indices
						52-week
Date	11-Mar	8-Mar	7-Mar	6-Mar	5-Mar	High	Low
TSX Composite	12858.49	12835.61	12826.52	12831.96	12736.04	12895.28	11209.55
S&P/TSX-Ven Comp	1116.27	1117.85	1116.23	1109.74	1112.23	1650.14	1094.04
S&P TSX 60	739.39	737.89	737.39	738.44	733.33	742.39	637.7
Global Gold	250.64	251.77	251.62	255.24	244.81	361.27	242.95
TSX Metals & Mining	931.86	931.25	916.9	902.93	879.16	1128.26	781.13
Gold & Silver XAU	132.97	133.3	132.61	134.29	128.89	196.71	127.89
Amex Gold Bugs	349.46	350.29	349.91	354.56	341.07	529.8	337.29

TSX short positions
Short positions outstanding at Feb. 28/13 (with changes from Jan. 31/13).
Largest short positions
Lundin Mining	LUN	68286079	2017883
New Gold	NGD	55253523	172286
Eldorado Gold	ELD	32036349	20907557
Osisko Mining	OSK	29810519	-250099
Aurico Gold	AUQ	24910124	15618
Kinross Gold	K	22392694	-1.5E+07
Dundee Precious	DPM	20080870	-2549322
First Quantum	FM	19097276	6731170
Thompson Creek	TCM	19073578	418118
Iamgold	IMG	19050040	1963843
Turquoise Hill	TRQ	17919097	521353
Tahoe Resources	THO	16589342	184072
Barrick Gold	ABX	15875576	14014908
Teck Resources	TCK.B	12757742	1565340
Potash Corp	POT	12256843	-1962155
Largest increase in short position
Eldorado Gold	ELD	32036349	20907557
Barrick Gold	ABX	15875576	14014908
First Quantum	FM	19097276	6731170
Goldcorp	G	7413771	5533768
Argonaut Gold	AR	12133715	4926032
Largest decrease in short position
Eldorado Gold	ELD	32036349	20907557
Barrick Gold	ABX	15875576	14014908
First Quantum	FM	19097276	6731170
Goldcorp	G	7413771	5533768
Argonaut Gold	AR	12133715	4926032

TSX Venture short positions
Short positions outstanding at Feb. 28/13 (with changes from Jan. 31/13).
Largest short positions
Cerro Resources	CJO	3560000	3560000
Barkerville Gold	BGM	2646208	-35909
Tomagold	LOT	1721500	1721500
Majestic Gold	MJS	897703	845000
Malbex Resources	MBG	850000	-25000
Probe Mines	PRB	838932	-13338
Sterling Resources	SLG	760341	306891
Zenyatta Ventures	ZEN	730500	51400
Aurcana	AUN	728419	-1409226
Great Western Min.	GWG	678655	153517
Canada Strategic	CJC	602000	602000
Romios Gold	RG	501207	375712
Nemaska Lithium	NMX	484500	349000
Rockland Minerals	RL	465000	465000
Argex Titanium	RGX	389536	-24298
Largest increase in short position
Cerro Resources	CJO	3560000	3560000
Tomagold	LOT	1721500	1721500
Majestic Gold	MJS	897703	845000
Canada Strategic	CJC	602000	602000
Rockland Minerals	RL	465000	465000
Largest decrease in short position
Orko Silver	ZNN	203036	-1539040
Aurcana	AUN	728419	-1409226
Bear Creek	BCM	22813	-462204
Raging River	RRX	221442	-430894
Goldrush Res.	GOD	26057	-422914