Metals, mining, stocks and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, October 23, 2012
Precious Metals	Price (US$/oz.)	Change
Gold	$1,717.00	-20.5
Silver	$31.71	-1.09
Platinum	$1,588.00	-53
Palladium	$613.00	-24
Base Metals	Price (US$/tonne)	Change
Nickel	$16,401.00	-235
Lead	$2,036.00	-44
Copper	$7,855.25	-122
Zinc	$1,851.00	-9

LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, October 22, 2012 (change from October 15 in brackets):
Aluminium Alloy	76500	(-580)
Aluminium	5062875	(-2075)
Copper	222425	(+10150)
Lead	300175	(-1525)
Nickel	127134	(+792)
Tin	11755	(+325)
Zinc	1114425	(+77800)

Producer and dealer prices

Antimony: Mid-mkt US$12,750.00/t
Bismuth: Mid-mkt US$9.38/lb.
Cadmium: Mid-mkt US$0.85/lb.
Coal: CME Group Central Appalachian Coal Futures November 2012: US$58.33; December 2012: US$58.70
Cobalt: Recent trades US$12.90-13.75/lb.
Copper: Comex Copper Futures November 2012: US$3.62/lb.; Comex December 2012: $3.62/lb.
Indium: Mid-mkt US$580.00/kg.
Iridium: Mid-mkt US$1,025.00/tr. oz.
Magnesium: Mid-mkt US$3,300.00/t.
Manganese: Mid-mkt US$2,575.00/t.
Mercury: Mid-mkt US$1,850.00/flask (76 lb.).
Molybdenum: Oxide, recent trades US$11.00-11.25/lb.
Rhodium: Mid-mkt US$1,175.00/tr. oz.
Ruthenium: Mid-mkt US$100.00/tr. oz.
Selenium: Mid-mkt US$45.00/lb.
Silver: Base: US$32.41; Fabricated: US$38.89; Sterling: US$30.05
Tantalum: Ta2O5 ore, mid-mkt US$125/lb. CIF China
Tin: Kuala Lumpur Tin Market, US$21.34/kg
Tungsten: APT Tungstate FOB China mid-mkt: US$390.00 per mtu; APT U.S. mid-mkt: US$407.50 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$5.00-5.25/lb.; US Ferrovanadium: US$12.50-12.75
Prices current Oct. 22, 2012

Daily metal prices
Date	22-Oct	19-Oct	18-Oct	17-Oct	16-Oct
BASE METALS	(London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy	1810/1830	1790/1810	1850/1840	1800/1825	1810/1830
Aluminum	1932/1962.50	1976/2000.50	1971/1998	1932/1961	1930/1961
Copper	7983/7990	8120/8124	8209/8215	8112/8120	8140.50/8145.50
Lead	2093/2093	2134/2140.50	2166/2169.50	2111/2118	2127/2127.50
Nickel	16725/16810	17000/17065	17130/17205	16800/16875	17025/17135
Tin	20950/20950	21725/21695	21750/21695	21300/21230	21400/21300
Zinc	1846/1884	1863/1905	21750/21695	1859/1899	1874/1914
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM	1725	1732.75	1748	1747.75	1737.5
Gold PM	1726.75	1737	1743	1749	1746.5
Silver	32.17	32.33	32.99	33.03	32.8
Platinum	1607	1633	1647	1656	1640
Palladium	623	638	647	643	639

Exchange rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Date	22-Oct	19-Oct	18-Oct	17-Oct	16-Oct
US$ in C$	0.9938	0.9932	0.9808	0.9796	0.9854
C$ in US$	1.0062	1.0068	1.0196	1.0208	1.0148
Exchange rates (Bank of Canada, October 22, 2012)
Currency	Aus $	Euro	Japan	Mex P	SA Rand	UK £
n C$	1.0254	1.2981	0.01245	0.07728	0.1152	1.5928
In US$	1.0318	1.3062	0.01253	0.07776	0.1159	1.6027

Canadian gold mutual funds
Fund name	Oct. 22	Oct. 15	Change	Change	YTD	MER*	Assets*
	($)	($)	($)	(%)	(%)	(%)	(M$)
AGF Pr Mtl	31.6	33.33	-5.67	-17	-7.6	2.56	698.9
Altamira Pr & Str Mtl	15.72	16.34	-5.71	-34.9	-7.48	2.35	83.5
BMO Junior Gold Index ETF	16.06	16.41	-2.78	4.3	-5.29	0.58	108.4
BMO Pr Mtl	24.5	25.56	-2.75	-10.8	-4.6	2.29	133.6
CIBC Pr Mtl	19.03	20.17	-4.62	-22.9	-6.91	2.4	141.8
Dynamic Can Pr Mtl	14.17	15.03	-6.43	-42.8	-8.93	1.65	811.6
London Life Pr Mtl (MX)	36.52	38.64	-8.38	-21.7	-10.39	3.37	259.2
Mackenzie Un Pr Mtl C$	17.35	18.35	-7.63	-41.6	-9.64	2.44	569.9
Middlefield Precious Metals	12.94	13.54	-12.38	-91.4	-14.27	2.48	8.5
Quadrus Mack Un Pr Mtl	19.99	21.14	-7.72	-36.5	-9.7	2.7	66.7
RBC Global Pr Mtl	43.28	45.08	-3.19	-7.1	-4.8	2.04	1380.4
Sentry Pr Mtl Growth	58.59	60.25	2.76	4.6	1.3	2.75	731.5
Sprott Gold and Pr Minls	53.15	56.06	-11.45	-20.4	-13.8	2.84	854
Sprott Gold and Pr Minls F	56.13	59.17	-10.69	-18.1	-13	1.78	n/a
TD Pr Mtl	52.94	55.84	-7.05	-12.6	-9.4	2.15	313.9
TD Pr Mtl-A	11.19	11.8	-7.18	-60.8	-9.5	2.31	n/a
iShares Can Gold Sector Index	20.77	21.68	-5.17	-23.8	-7.57	0.55	1063.3
Featured Fund: RBC Global Precious Metals as of 06/30/12 (in weighted order): Allied Nevada Gold, Semafo, AuRico Gold, Rio Alto Mining, Osisko Mining, B2Gold, Alamos Gold, Timmins Gold, Golden Star Resources. Fund Manager: Kevin MacLean.

North American stock exchange indices
						52-week
Date	22-Oct	19-Oct	18-Oct	17-Oct	16-Oct	High	Low
TSX Composite	12403.54	12415.98	12466.12	12461.25	12407.7	12788.63	11209.55
S&P/TSX-Ven Comp	1308.41	1315.62	1312.34	1304	1299.78	1696.14	1153.9
S&P TSX 60	710.02	710.53	712.77	712.28	709.47	728.03	637.7
Global Gold	341.82	338.07	334.4	343.04	341.76	437.84	265.99
TSX Metals & Mining	941.34	934.77	947.87	941.01	927.98	1258.22	781.13
Gold & Silver XAU	188.07	185.8	186.06	191.04	188.88	216.79	140.94
Amex Gold Bugs	502.47	495.7	494.3	509.45	504.25	614.62	372.74

TSX short positions
Short positions outstanding at Oct. 15/12 (with changes from Sept. 30/12).
Largest short positions
New Gold	NGD	47507243	3881147
Lundin Mining	LUN	45133205	427930
Osisko Mining	OSK	25844444	-11476
Kinross Gold	K	24956684	7656159
Thompson Creek	TCM	22107412	736168
AuRico Gold	AUQ	17891792	2994797
Argonaut Gold	AR	17549507	543981
Uranium One	UUU	16197755	-255289
Dundee Prec	DPM	15848274	46901
Eldorado Gold	ELD	14435661	-2335246
Tahoe Res	THO	13618611	224390
Barrick Gold	ABX	13606014	2229272
B2gold	BTO	11163252	974311
Detour Gold	DGC	10561046	89409
Teck Resources	TCK.B	9992874	2838988
Largest increase in short position
Kinross Gold	K	24956684	7656159
New Gold	NGD	47507243	3881147
AuRico Gold	AUQ	17891792	2994797
Teck Resources	TCK.B	9992874	2838988
Yamana Gold	YRI	4920569	2681019
Largest decrease in short position
Great Basin Gold	GBG	3879779	-1.1E+07
First Quantum	FM	8078418	-5340872
Iamgold	IMG	3748559	-3458887
Belo Sun Mining	BSX	159045	-2401367
Eldorado Gold	ELD	14435661	-2335246

TSX Venture short positions
Short positions outstanding at Oct. 15/12 (with changes from Sept. 30/12).
Largest short positions
Sandstorm Gold	SSL	4085107	1002161
Castillian Resources	CT	3500000	3500000
Barkerville Gold	BGM	2928917	463500
Happy Creek	HPY	2301000	2300000
Discovery Ventures	DVN	2100000	2100000
Goldquest Mining	GQC	1646021	287619
Metalcorp	MTC	1500000	1500000
Frontline Gold	FGC	1400000	1400000
Silvercrest Mines	SVL	1263910	1145436
Aurcana	AUN	1263305	320400
Silvermet	SYI	1250000	1250000
Great Western	GWG	1138188	56833
Argex Titanium	RGX	1131572	405000
Buchans Minerals	BMC	1100000	1100000
Northern Abitibi	NAI	1050000	1050000
Largest increase in short position
Castillian Resources	CT	3500000	3500000
Happy Creek Min	HPY	2301000	2300000
Discovery Ventures	DVN	2100000	2100000
Metalcorp	MTC	1500000	1500000
Frontline Gold	FGC	1400000	1400000
Largest decrease in short position
True North Gems	TGX	0	-1000000
Kaminak Gold	KAM	12271	-797200
Majestic Gold	MJS	0	-392000
Balmoral Resources	BAR	490685	-362240
Rockridge Capital	RRC	0	-360000