Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, December 11, 2012
Precious Metals	Price (US$/oz.)	Change
Gold	$1,709.75	3
Silver	$33.17	-0.13
Platinum	$1,619.00	25
Palladium	$698.00	16
Base Metals	Price (US$/tonne)	Change
Nickel	$17,786.00	20
Lead	$2,292.50	-2
Copper	$8,087.00	-35
Zinc	$2,074.00	-4

LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, December 10, 2012 (change from December 3 in brackets):
Aluminium Alloy	87740	0
Aluminium	5186825	(-12700)
Copper	259050	(+8000)
Lead	354925	(+7350)
Nickel	138024	(+1854)
Tin	11380	(-835)

Producer and Dealer Prices

Antimony: Mid-mkt US$12,350.00/t
Bismuth: Mid-mkt US$8.65/lb.
Cadmium: Mid-mkt US$0.905/lb.
Coal: CME Group Central Appalachian Coal Futures
January 2013: US$60.93; February 2013: US$61.57
Cobalt: Recent trades US$10.80-12.25/lb.
Copper: Comex Copper Futures January 2013: US$3.706/lb.; Comex February 2013: $3.712/lb.
Indium: NY Dealer Mid-mkt US$510.00/kg.
Iridium: J. Matthey Base Mid-mkt US$1,025.00/tr. oz.
Magnesium: Mid-mkt US$3,325.00/t.
Manganese: Mid-mkt US$2,665.00/t.
Mercury: Mid-mkt US$1,850.00/flask (76 lb.).
Molybdenum: Oxide, recent trades US$11.15-11.35/lb.
Rhodium: Mid-mkt US$1,075.00/tr. oz.
Ruthenium: Mid-mkt US$80.00/tr. oz.
Selenium: Mid-mkt US$45.00/lb.
Silver: Base: US$33.28; Fabricated: US$39.94.; Sterling: US$30.86
Tantalum: Ta2O5 ore, mid-mkt US$125/lb. CIF China
Tin: Kuala Lumpur Tin Market, US$22.94/kg
Tungsten: APT Tungstate FOB China mid-mkt: US$335.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$43.50/lb.; Uranium Exchange Co. spot price: N.A.
Ferrovanadium: Free Market V2O5, recent trades US$6.00-6.50/lb.; US Ferrovanadium: US$12.00-12.50
Prices current Dec. 12, 2012

Daily metal prices

Date	10-Dec	7-Dec	6-Dec	5-Dec	4-Dec
BASE METALS	(London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy	1965/1985	1964/1980	1980/2005	1975/2000	1980/2005
Aluminum	2101/2104	2077.50/2077	2109/2108	2094/2092	2100/2104
Copper	8111/8138	7965/7991	8020/8046	8021/8050	7990.50/8010
Lead	2257/2270	2178/2193	2223.50/2234	2230/2237	2228/2237
Nickel	17325/17400	17020/17070	17375/17450	17440/17480	17310/17400
Tin	22350/22395	21615/21525	21895/21880	21850/21800	21750/21725
Zinc	2045/2070.50	1988/2013	2013.50/2037	2008/2030	2011/2028
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM	1708.5	1697	1693	1703	1706.75
Gold PM	1712.5	1701.5	1694.25	1694	1697.75
Silver	33.34	32.85	32.83	33.07	33.3
Platinum	1622	1600	1582	1587	1587
Palladium	699	698	686	681	680

Exchange rates

CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Date	10-Dec	7-Dec	6-Dec	5-Dec	4-Dec
US$ in C$	0.9872	0.989	0.991	0.9912	0.9927
C$ in US$	1.013	1.0111	1.0091	1.0089	1.0074
EXCHANGE RATES (Bank of Canada, October 15, 2012)
Currency	Aus $	Euro	Japan	Mex P	SA Rand	UK £
In C$	1.0357	1.2764	0.01198	0.07713	0.1137	1.5862
In US$	1.0491	1.2929	0.01214	0.07813	0.1152	1.6068

Canadian gold mutual funds

Fund name	Dec. 10	Dec. 3	Change	Change	YTD	MER*	Assets*
	($)	($)	($)	(%)	(%)	(%)	(M$)
AGF Pr Mtl	29.62	29.7	-5.67	-19.1	-13.39	2.56	698.9
Altamira Pr & Str Mtl	22.4	22.45	-5.71	-25.4	-12.79	2.35	83.5
BMO Junior Gold Index ETF	14.39	14.32	-2.78	4.3	-15.12	0.58	108.4
BMO Pr Mtl	16.98	17.03	-2.75	-16.1	-16.96	2.29	133.6
CIBC Pr Mtl	12.8	12.85	-4.62	-36	-17.74	2.4	141.8
Dynamic Can Pr Mtl	18.59	18.87	-6.43	-34.1	-16.9	1.65	811.6
London Life Pr Mtl (MX)	33.28	33.57	-8.38	-25	-18.33	3.37	259.2
Mackenzie Un Pr Mtl C$	18.34	18.39	-7.63	-41.5	-17.22	2.44	569.9
Middlefield Precious Metals	15.92	15.97	-12.38	-77.5	-17.11	2.48	8.5
Quadrus Mack Un Pr Mtl	12	21.07	-7.72	-36.6	-20.5	2.7	66.7
RBC Global Pr Mtl	14.64	14.65	-3.19	-21.8	-13.8	2.04	1380.4
Sentry Pr Mtl Growth	53.22	53.25	2.76	5.2	-8	2.75	731.5
Sprott Gold and Pr Minls	39.7	39.81	-11.45	-28.8	-12.7	2.84	854
Sprott Gold and Pr Minls F	49.13	49.42	-10.69	-21.6	-20.3	1.78	n/a
TD Pr Mtl	51.96	52.33	-7.05	-13.5	-19.5	2.15	313.9
TD Pr Mtl-A	10.13	10.28	-7.18	-69.8	-18.2	2.31	n/a
iShares Can Gold Sector Index	47.84	48.66	-5.17	-10.6	-18.1	0.55	1063.3
Featured Fund: AGF Precious Minerals as of 10/30/12 (in weighted order): Central Fund of Canada, Goldcorp, Royal Canadian Mint, Tahoe Resources, Eldorado Gold, B2Gold, Agnico-Eagle Mines, Franco-Nevada, Silver Wheaton. Fund Manager: Bob Lyon.

North American stock exchange indices

Date	10-Dec	7-Dec	6-Dec	5-Dec	4-Dec	High	Low
TSX Composite	12230.47	12159.59	12151.13	12157.29	12137.18	12788.63	11209.55
S&P/TSX-Ven Comp	1186.74	1186.06	1186.7	1184.54	1192.86	1696.14	1153.9
S&P TSX 60	701.37	697.65	697.3	698.34	696.84	728.03	637.7
Global Gold	299.59	297.04	295.07	294.02	302.19	404.57	265.99
TSX Metals & Mining	962.24	942.87	951.82	954.67	937.91	1258.22	781.13
Gold & Silver XAU	164.15	162.08	160.62	160.39	166.97	204.97	140.94
Amex Gold Bugs	438.91	433.71	430.16	428.46	440.95	554.92	372.74

TSX short positions

Short positions outstanding at Nov. 30/12 (with changes from Nov. 15/12).
Largest short positions
New Gold	NGD	55687690	-5233653
Lundin Mining	LUN	55296555	8211215
Osisko Mining	OSK	28775884	-1280408
Kinross Gold	K	27122901	687092
Eldorado Gold	ELD	26462200	7837859
Argonaut Gold	AR	22307081	-600429
Thompson Creek	TCM	21457138	-527326
Dundee Precious	DPM	21356157	5558967
Aurico Gold	AUQ	20556275	5885544
Turquoise Hill	TRQ	17439162	13503730
B2gold	BTO	16139822	2010906
First Quantum	FM	15898093	3127443
Tahoe Res	THO	14574802	842752
Uranium One	UUU	12958548	-2027748
Detour Gold	DGC	11920053	-174742
Largest increase in short position
Turquoise Hill	TRQ	17439162	13503730
Lundin Mining	LUN	55296555	8211215
Eldorado Gold	ELD	26462200	7837859
Silver Wheaton	SLW	8433255	6965918
Aurico Gold	AUQ	20556275	5885544
Largest decrease in short position
Yamana Gold	YRI	10738106	-1.4E+07
Teck Res	TCK.B	2262700	-5621778
New Gold	NGD	55687690	-5233653
Iamgold	IMG	3228344	-4471320
Agnico-Eagle	AEM	3826674	-3617387

TSX Venture short positions

Short positions outstanding at Nov. 30/12 (with changes from Nov. 15/12).
Largest short positions
Barkerville Gold	BGM	2373117	-293300
Aurcana	AUN	1180605	-509400
Goldquest Mining	GQC	1162772	-63700
Monument Mining	MMY	1074000	1062500
Great Western	GWG	1044479	-109556
Probe Mines	PRB	893782	443635
Raging River	RRX	618001	554101
Argex Titanium	RGX	612453	48200
Kaminak Gold	KAM	561410	61939
Bear Creek Mining	BCM	486014	46075
Comstock Metals	CSL	436475	291975
Fire River Gold	FAU	436000	-3000
Unigold	UGD	423200	210700
Golden Dawn	GOM	392000	392000
CB Gold	CBJ	381123	321760
Largest increase in short position
Monument Mining	MMY	1074000	1062500
Raging River Expl.	RRX	618001	554101
Probe Mines	PRB	893782	443635
Golden Dawn	GOM	392000	392000
CB Gold	CBJ	381123	321760
Largest decrease in short position
Los Andes Copper	LA	0	-693500
Aurcana	AUN	1180605	-509400
Galway Res.	GWY	64502	-437500
Andina	ADM	1000	-420300
TNR Gold	TNR	1000	-401000

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