Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, January 7, 2014
Precious Metals Price (US$/oz.) Change
Gold $1,237.50 36
Silver $20.02 0.52
Platinum $1,409.00 51
Palladium $736.00 25
     
Base Metals Price (US$/tonne) Change
Nickel $13,480.00 -80
Lead $2,164.50 -0.25
Copper $7,316.25 -9
Zinc $2,034.50 1
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, January 6, 2014 (change from December 31, 2013 in brackets):
Aluminium Alloy 56440 0
Aluminium 5455400 (-2675)
Copper 356125 (-10300)
Lead 215000 (+550)
Nickel 260862 (-774)
Tin 9655 (-230)
Zinc 922850 (-10625)

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
Feb. 2014: US$55.98; Mar. 2014: US$55.84
Cobalt 99.8: US$12.50/lb.
Copper: Comex Copper Futures Feb. 2014: US$3.371/lb.; Comex Mar. 2014: $3.354/lb.
Germanium: US$1830/kg.
Indium: NY Dealer Mid-mkt US$650.00/kg.
Iridium: Mid-mkt US$400.00/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$950.25/tr. oz.
Ruthenium: Mid-mkt US$57.00/tr. oz.
Selenium: Mid-mkt US$28.00/lb.
Silver: Base: US$19.70; Fabricated: US$23.68; Sterling: US$20.02
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 Jan. 8, 2014

Daily metal prices
Date 6-Jan 3-Jan 2-Jan 1-Jan 31-Dec
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1765/1800 1775/1810 1780/1810 N/A 1815/1850
Aluminum 1717/1761 1738/1786 1755/1802 N/A 1764/1810.50
Copper 7313/7290 7335/7322 7439/7421 N/A 7394/7370
Lead 2134/2162 2167/2194.50 2211.50/2241 N/A 2205/2232
Nickel 13560/13635 13860/13915 13900/13975 N/A 13965/13990
Tin 21495/21405 21575/21550 22485/22450 N/A 22525/22500
Zinc 2025/2016 2044/2040.50 2081/2081 N/A 2085/2070
           
PRECIOUS METAL PRICES (London fi
x, US$ per troy oz.)
Gold AM 1238 1232.25 1219.75 N/A 1201.5
Gold PM 1246.25 1234.5 1225 N/A                     N/A  
Silver 20.04 20.18 19.94 N/A 19.5
Platinum 1409 1404 1388 N/A 1358
Palladium 733 728 723 N/A 711
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 6-Jan 3-Jan 2-Jan 1-Jan 31-Dec  
US$ in C$ 1.0659 1.0614 1.0633 N/A 1.0636  
C$ in US$ 0.9382 0.9422 0.9405 N/A 0.9402  
             
EXCHANGE RATES (Bank of Canada, Jan 6, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 0.9551 1.4534 0.01021 0.0814 0.1001 1.7491
In US$ 0.8961 1.3635 0.00958 0.07637 0.9391 1.641
Canadian gold mutual funds
Fund name  Jan. 6  Dec. 30 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 17.39 16.5 -5.67 -39.4 3.02 2.56 698.9
Altamira Pr & Str Mtl 8.91 8.46 -5.71 -37.7 4.21 2.35 83.5
BMO Junior Gold Index ETF 6.56 6.2 -2.78 -51.5 6.71 0.58 108.4
BMO Pr Mtl 13.58 12.78 -2.75 -39.2 4.48 2.29 133.6
CIBC Pr Mtl 9.52 8.98 -4.62 -41.1 3.8
6
2.4 141.8
Dynamic Can Pr Mtl 5.66 5.34 -6.43 -52 5.01 1.65 811.6
London Life Precious Mtl 18.11 17.14 -8.38 -44.2 4.28 3.37 259.2
Middlefield Precious Metals 6.14 5.76 -12.38 -46.1 5.33 2.48 8.5
RBC Global Pr Mtl 23.03 21.84 -3.19 -39.9 3.28 2.04 1380.4
Sentry Pr Mtl Growth 27.21 25.24 2.76 -46.8 5.22 2.75 731.5
Sprott Gold and Pr Minls 25.41 23.92 -11.45 -47.8 5.12 2.84 854
Sprott Gold and Pr Minls F 27.15 25.54 -10.69 -47.4 5.15 1.78 n/a
TD Pr Mtl 29.34 27.57 -7.05 -37.3 3.97 2.15 313.9
TD Pr Mtl-A 6.19 5.82 -7.18 -37.4 3.95 2.31 n/a
iShares TSX Global Gold Index 10.21 9.69 -5.17 -42.1 4.62 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 6-Jan 3-Jan 2-Jan 1-Jan 31-Dec High Low
TSX Composite 13495.54 13548.86 13594.19 N/A 13621.55 13644.28 11759.04
S&P/TSX-Ven Comp 946.05 944.71 939.21 N/A 931.97 1247.01 859.31
S&P TSX 60 773.95 778.75 782.05 N/A 783.75 785.6 677.55
Global Gold 162.66 161.55 163.31 N/A 156.45 307.67 149.96
TSX Metals & Mining 778.84 779.05 790.32 N/A 792.22 1050.13 662.2
Gold & Silver XAU 89.96 86.63 87.54 N/A 84.15 164.87 79.73
Amex Gold Bugs 203.87 203.49 205.31 N/A 197.7 438.22 188.39
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 -307000
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
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