Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, July 29, 2014    
Precious Metals Price (US$/oz.) Change
Gold $1,307.50 0.5
Silver $20.64 -0.17
Platinum $1,488.00 4
Palladium $885.00 15
     
Base Metals Price (US$/tonne) Change
Nickel $18,642.00 -158
Lead $2,271.00 -29
Copper $7,092.00 -27.5
Zinc $2,373.50 -36.5
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 28, 2014 (change from July 21, 2014 in brackets):
Aluminium Alloy 34740 (-580)
Aluminium 4977225 (+30025)
Copper 150900 (-7100)
Lead 214425 (+700)
Nickel 311802 (+738)
Tin 11775 (-120)
Zinc 651850 (-5095)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,600/t
Bismuth: Mid-mkt US$10.70/lb.
Cadmium 99.9: Mid-mkt US$0.90/lb.
Coal: CME Group Central Appalachian Coal Futures
Aug. 2014: US$60.60; Sept. 2014: US$60.45
Cobalt 99.8: US$14.00/lb.
Copper: Comex Copper Futures Aug. 2014: US$3.21/lb.; Comex Sept. 2014: $3.22/lb.
Germanium: US$1,950/kg.
Germanium Dioxide: US$1,350/kg
Gallium: US$290/kg
Indium: NY Dealer Mid-mkt US$720.00/kg.
Iridium: Mid-mkt US$608.70/tr. oz.
Magnesium FOB China: Mid-mkt US$2,700.00/t.
Manganese FOB China: Mid-mkt US$2,250.00/t.
Mercury (flask): US$3,000
Molybdenum Oxide: US$14.25/lb.
Rhodium: Mid-mkt US$1,130.43/tr. oz.
Ruthenium: Mid-mkt US$69.04/tr. oz.
Selenium: Mid-mkt US$26.00/lb.
Silver: Base: US$20.77; Fabricated: US$24.92; Sterling: US$19.26
Tungsten: APT Tungstate FOB China mid-mkt: US$380.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$28.20/lb.; Uranium Exchange Co. spot price: US$28.35/lb.
Ferrovanadium: US$27.00/kg; Vanadium-Pentoxide: US$6.25/lb.
Prices current July 16, 2014

Daily metal prices
Date 28-Jul 25-Jul 24-Jul 23-Jul 22-Jul
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1985/2000 2000/2010 1970/1990 1970/1990 1945/1965
Aluminum 1987/2006 2008/2028.50 2013/2035.50 2010/2030 2020/2038
Copper 7130/7120 7183/7180 7150/7140 7060/7069.50 7060/7064
Lead 2268/2286 2264/2272 2208/2227 2198/2210 2205/2225
Nickel 18775/18825 19150/19220 19075/19150 18955/19060 18920/18975
Tin 22525/22525 22400/22450 22220/22300 22100/22150 22100/22150
Zinc 2404/2399 2419.50/2409 2392.50/2389 2371/2365 2369/2369
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1305 1292.5 1300 1307.5 1307
Gold PM 1304.5 1294.75 1292.75 1308 1310.25
Silver 20.63 20.46 20.84 20.93 20.81
Platinum 1486 1473 1469 1486 1487
Palladium 884 876 869 874 872
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 28-Jul 25-Jul 24-Jul 23-Jul 22-Jul  
US$ in C$ 1.0801 1.0814 1.0742 1.0741 1.0745  
C$ in US$ 0.9258 0.9247 0.9309 0.931 0.9307  
             
EXCHANGE RATES (Bank of Canada, July 28, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 1.0162 1.4517 0.01061 0.08316 0.1021 1.8351
In US$ 0.9408 1.344 0.00982 0.07699 0.09453 1.699
Canadian gold mutual funds
Fund name  July 29  July 22 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 22.71 22.43 0.28 0.012 34.54 2.76 242.39
Altamira Pr & Str Mtl 11.73 11.53 0.2 0.017 37.19 2.44 n/a
BMO Junior Gold Index ETF 8.47 8.38 0.09 0.011 37.69 0.62 67.93
BMO Pr Mtl 16.57 16.34 0.23 0.014 27.46 2.41 72.85
CIBC Pr Mtl 12.57 12.42 0.15 0.012 37.04 2.48 65.05
Dynamic  Pr Mtl 4.49 4.43 0.06 0.014 50.67 2.65 276.22
London Life Precious Mtl 24.78 24.68 0.1 0.004 42.66 3.55 133.53
Mackenzie Pr Mtl-A 44.86 44.68 0.18 0.004 43.52 2.61 329.59
RBC Global Pr Mtl 29.9 29.4 0.5 0.017 34.07 2.13 598.57
Sentry Pr Mtl Growth 37.74 37.76 -0.02 -0.001 45.89 2.77 547.44
Sprott Gold and PM-F 4.56 4.55 0.01 0.002 41.15 2.5 n/a
Sprott Gold and Pr Minls 33.81 33.74 0.07 0.002 39.89 2.93 242.14
TD Pr Mtl-A 7.94 7.83 0.11 0.014 33.24 2.45 114.2
TD Pr Mtl-I 37.63 37.14 0.49 0.013 33.35 2.27 313.9
iShares TSX Global Gold Index 12.57 12.36 0.21 0.017 29.44 0.55 704.29
Featured fund:  Sprott Gold and Pr Minls top holdings as of 03/31/14 (in weighted order): Osisko Mining, Pan American Silver, Tahoe Resources, Silver Wheaton, Iamgold, Guyana Goldfields, Pretium Resources, Primero Mining, Alamos Gold. Fund manager: Charles Oliver.
North American stock exchange indices
            52-week
Date 28-Jul 25-Jul 24-Jul 23-Jul 22-Jul High Low
TSX Composite 15465.29 15503.4 15421.39 15395.74 15343.51 15506.09 12400.15
S&P/TSX-Ven Comp 1019.85 1017.44 1011.65 1012.23 1010.88 1050.26 883.52
S&P TSX 60 890.53 890.67 886.61 886.17 881.88 884.43 709.99
Global Gold 202.34 200.79 194.47 197.35 198.34 218.9 149.29
TSX Metals & Mining 934.25 924.02 926.49 921.59 908.51 941.69 691.69
Gold & Silver XAU 102.19 101.59 98.56 100.31 100.79 115.21 79.73
Amex Gold Bugs 243.28 241.76 235.45 239.19 240.29 283.23 188.39
TSX short positions
Short positions outstanding at July 15/14 (with changes from June 30/14).
Largest short positions
Lundin Mining LUN 56491210 -2539862
New Gold NGD 30792055 -3248569
Barrick Gold ABX 23183753 -7701016
Detour Gold DGC 22962392 -636178
B2Gold BTO 21147490 2104554
Kinross Gold K 20128129 3937598
Tahoe Res.  THO 18453089 -293459
Torex Gold TXG 13365560 3723473
Yamana Gold YRI 12269817 4185070
Dundee Prec.  DPM 12182211 -18446
Thompson Creek  TCM 12096088 -774418
Argonaut Gold AR 11917242 334949
Teck Res.  TCK.B 11162838 6047619
Potash Corp. POT 10885374 -8599070
First Majestic  FR 10667817 -255712
Largest increase in short position
Teck Res.  TCK.B 11162838 6047619
Yamana Gold YRI 12269817 4185070
Kinross Gold K 20128129 3937598
Torex Gold TXG 13365560 3723473
Hudbay HBM 9115689 3269859
Largest decrease in short position
Turquoise Hill  TRQ 3918835 -9024686
Potash Corp. POT 10885374 -8599070
Barrick Gold ABX 23183753 -7701016
New Gold NGD 30792055 -3248569
Eldorado Gold  ELD 8716969 -3136663
TSX Venture short positions
Short positions outstanding at July 15/14 (with changes from June 30/14)
Largest short positions
Commerce Res.  CCE 1175000 1175000
Aurcana Corp.  AUN 1168101 131000
Kaminak Gold  KAM 1076200 296155
Atac Res.  ATC 958200 -10352
Fission Uran.  FCU 693400 132808
Mindoro Res.  MIO 661100 461100
Lamelee Iron  LIR 468500 468500
Arianne Phos.  DAN 417200 -7600
Zenyatta Ven.  ZEN 415717 94046
Nemaska Lithium NMX 404500 317000
Superior Copper SPC 394100 269000
Robex Res. RBX 349000 285500
Scorpio Gold SGN 318500 317000
Big North Grap. NRT 277000 274000
Canada Zinc Mtl CZX 262100 162000
Largest increase in short position
Commerce Res.  CCE 1175000 1175000
Lamelee Iron  LIR 468500 468500
Mindoro Res.  MIO 661100 461100
Nemaska Lithium NMX 404500 317000
Scorpio Gold  SGN 318500 317000
Largest decrease in short position
Gold Standard   GSV 20100 -230500
Niocorp Dev.  NB 208400 -206100
Murgor Res.  MGR 0 -200000
Lumina Copper LCC 131900 -172700
Castle Mountain CMM 2500 -145000
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