Palladium..….………......……...p.27 Rhodium.…….….......……….…p.32 Precious Metals Price Table......p.33 Equities and Metrics Table..p.34-35 Next Scheduled Issue: 10 January 2012 Copyright CPM Group 2012. Not for reproduction or retransmission without written consent of CPM Group. Precious Metals Advisory is published monthly by CPM Group and is distributed via e-mail. The views expressed within are solely those of CPM Group. Such information has not been verified, nor does CPM make any representation as to its accuracy or completeness. Any statements non-factual in nature constitute only current opinions, which are subject to change. While every effort has been made to ensure that the accuracy of the material contained in the reports is correct, CPM Group cannot be held liable for errors or omissions. CPM Group is not soliciting any action based on it. Information contained here should not be relied on as specific investment or market timing advice. At times the principals and associates of CPM Group may have long or short positions in some of the markets mentioned here. Market Data (Data as of 6 December; changes from 8 November) Open Interest 1 oz ∆ oz Nymex/Comex Inventories oz ∆ oz Nymex/Comex Nearby Active Prices % ∆ $∆ Precious Metals Advisory 6 December 2012 Vol. XXV, No. 12 Report Contents Gold 1,701.80 ↓ -1.4% -24.20 Silver 33.11 ↑ 2.7% 0.87 Platinum 1,600.70 ↑ 3.8% 58.20 Palladium 697.05 ↑ 13.5% 82.70 Rhodium* 1,100.00 ↓ -4.3% -50.00 Gold Eligible 8,800,826 ↑ 119,225 8,681,601 Registered 2,602,693 ↑ 15,114 2,587,579 Total 11,403,519 ↑ 134,339 11,269,180 Silver Eligible 105,456,690 ↓ -1,141,470 106,598,160 Registered 39,836,930 ↑ 3,428,100 36,408,830 Total 145,293,620 ↑ 2,286,630 143,006,990 Platinum - Total 207,850 ↑ 9,350 198,500 Palladium - Total 531,100 ↓ -2,000 533,100 DJIA 13,074.0 ↑ 2.1% 263 FT World Stock Index 383.6 ↑ 3.0% 11.07 FT Gold Mines Index 2,777.8 ↓ -11.2% -351.79 CRB Index 297.9 ↑ 2.1% 6.07 T -Bills 0.09% ↑ 5.6% 0.01% ICE Dollar Index 80.24 ↓ -0.7% -0.55 $ / Euro 1.30 ↑ 1.8% $0.023 *Rhodium price is BASF daily settlement price. There is a tremendous amount of uncertainty in the mar- ket regarding the economy and the future for precious metals prices. As a result precious metals investors may wait on the sidelines in December. Many price-moving factors appear already priced into the market, such as de- mand expectations for the PGMs and silver, a continua- tion of the recession in Western Europe, China’s reduced economic growth trajectory, and sovereign debt handling in Europe. The approaching U.S. fiscal cliff may have contributed to precious metals price increases in Novem- ber and may continue to influence prices through the end of the year. Precious metals prices typically move higher in the first few months of the year due to seasonal factors. Overall, however, prices are expected to average modestly lower in 2013 relative to 2012 levels. Investment demand vol- umes for gold and silver are expected to come off further next year, which will be the primary driver behind lower gold and silver prices. Investors are expected to continue to welcome opportunities to buy at price dips. That ten- dency to view dips in prices as buying opportunities could dissipate as the year progresses if sell-offs are not followed by significant rallies, as investors would begin to re-evaluate their longer term bullish sentiments in light of weaker prices. The platinum group metals may trade modestly higher on an annual average basis, with weak fabrication demand limiting the upside and constrained supply keeping prices well supported. The primary concern at present in the precious metals markets is when to expect demand growth to strengthen. In 2010 and 2011, assessing demand was fairly easy – these were recovery years so demand was rising rapidly for cars and electronics containing PGMs and silver and for gold jewelry in the booming Chinese and Indian mar- kets. In 2012, demand expectations for all the precious metals came off. India’s economy slowed and its govern- ment raised import taxes on gold in order to reduce its current account deficit, which weighed on gold jewelry sales. Europe’s auto market contracted, weighing on ex- pectations for PGM demand growth. China’s economic growth slowed, adding further pressure to demand expec- tations. The demand picture in 2012 is expected to spill into 2013, will no material changes to prospects for growth. Precious Metals Prices May Lack Direction in 2013 Prices in 2013…...…......……….....p.1 Price Targets...………....…………p.3 Macroeconomic Indicators………p.5 Gold……...……….……...….…….p.8 Silver………………...…………..p.16 Platinum………………………...p.22 Gold February 27,853,400 ↑ 21,074,800 6,778,600 Total 42,851,800 ↓ -2,187,500 45,039,300 Silver March 426,995,000 ↑ 318,450,000 108,545,000 Total 704,615,000 ↑ 15,535,000 689,080,000 Platinum January 2,724,400 ↓ -79,200 2,803,600 April 344,950 ↑ 154,100 190,850 Total 3,091,700 ↑ 86,450 3,005,250 Palladium March 2,362,200 ↑ 2,074,900 287,300 Total 2,377,100 ↑ 200,700 2,176,400 1 Data as of 5 December; changes from 7 November. Indicators %∆ $∆
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Palladium..….………......……...p.27
Rhodium.…….….......……….…p.32
Precious Metals Price Table......p.33
Equities and Metrics Table..p.34-35
Next Scheduled Issue: 10 January 2012
Copyright CPM Group 2012. Not for reproduction or retransmission without written consent of CPM Group. Precious Metals Advisory is published monthly by CPM Group and is distributed via e-mail.
The views expressed within are solely those of CPM Group. Such information has not been verified, nor does CPM make any representation as to its accuracy or completeness. Any statements non-factual
in nature constitute only current opinions, which are subject to change. While every effort has been made to ensure that the accuracy of the material contained in the reports is correct, CPM Group cannot
be held liable for errors or omissions. CPM Group is not soliciting any action based on it. Information contained here should not be relied on as specific investment or market timing advice. At times the
principals and associates of CPM Group may have long or short positions in some of the markets mentioned here.
Market Data (Data as of 6 December; changes from 8 November)
Open Interest1 oz ∆ oz
Nymex/Comex Inventories oz ∆ oz
Nymex/Comex Nearby Active Prices % ∆ $∆
Precious Metals Advisory 6 December 2012 Vol. XXV, No. 12
Report Contents
Gold 1,701.80 ↓ -1.4% -24.20
Silver 33.11 ↑ 2.7% 0.87
Platinum 1,600.70 ↑ 3.8% 58.20
Palladium 697.05 ↑ 13.5% 82.70
Rhodium* 1,100.00 ↓ -4.3% -50.00
Gold
Eligible 8,800,826 ↑ 119,225 8,681,601
Registered 2,602,693 ↑ 15,114 2,587,579
Total 11,403,519 ↑ 134,339 11,269,180
Silver
Eligible 105,456,690 ↓ -1,141,470 106,598,160
Registered 39,836,930 ↑ 3,428,100 36,408,830
Total 145,293,620 ↑ 2,286,630 143,006,990
Platinum - Total 207,850 ↑ 9,350 198,500
Palladium - Total 531,100 ↓ -2,000 533,100
DJIA 13,074.0 ↑ 2.1% 263
FT World Stock Index 383.6 ↑ 3.0% 11.07
FT Gold Mines Index 2,777.8 ↓ -11.2% -351.79
CRB Index 297.9 ↑ 2.1% 6.07
T-Bills 0.09% ↑ 5.6% 0.01%
ICE Dollar Index 80.24 ↓ -0.7% -0.55
$ / Euro 1.30 ↑ 1.8% $0.023
*Rhodium price is BASF daily settlement price.
There is a tremendous amount of uncertainty in the mar-
ket regarding the economy and the future for precious
metals prices. As a result precious metals investors may
wait on the sidelines in December. Many price-moving
factors appear already priced into the market, such as de-
mand expectations for the PGMs and silver, a continua-
tion of the recession in Western Europe, China’s reduced
economic growth trajectory, and sovereign debt handling
in Europe. The approaching U.S. fiscal cliff may have
contributed to precious metals price increases in Novem-
ber and may continue to influence prices through the end
of the year.
Precious metals prices typically move higher in the first
few months of the year due to seasonal factors. Overall,
however, prices are expected to average modestly lower
in 2013 relative to 2012 levels. Investment demand vol-
umes for gold and silver are expected to come off further
next year, which will be the primary driver behind lower
gold and silver prices. Investors are expected to continue
to welcome opportunities to buy at price dips. That ten-
dency to view dips in prices as buying opportunities
could dissipate as the year progresses if sell-offs are not
followed by significant rallies, as investors would begin
to re-evaluate their longer term bullish sentiments in light
of weaker prices. The platinum group metals may trade
modestly higher on an annual average basis, with weak
fabrication demand limiting the upside and constrained
supply keeping prices well supported.
The primary concern at present in the precious metals
markets is when to expect demand growth to strengthen.
In 2010 and 2011, assessing demand was fairly easy –
these were recovery years so demand was rising rapidly
for cars and electronics containing PGMs and silver and
for gold jewelry in the booming Chinese and Indian mar-
kets. In 2012, demand expectations for all the precious
metals came off. India’s economy slowed and its govern-
ment raised import taxes on gold in order to reduce its
current account deficit, which weighed on gold jewelry
sales. Europe’s auto market contracted, weighing on ex-
pectations for PGM demand growth. China’s economic
growth slowed, adding further pressure to demand expec-
tations. The demand picture in 2012 is expected to spill
into 2013, will no material changes to prospects for
growth.
Precious Metals Prices May Lack Direction in 2013
Prices in 2013…...…......……….....p.1
Price Targets...………....…………p.3
Macroeconomic Indicators………p.5
Gold……...……….……...….…….p.8
Silver………………...…………..p.16
Platinum………………………...p.22
Gold
February 27,853,400 ↑ 21,074,800 6,778,600
Total 42,851,800 ↓ -2,187,500 45,039,300
Silver
March 426,995,000 ↑ 318,450,000 108,545,000
Total 704,615,000 ↑ 15,535,000 689,080,000
Platinum
January 2,724,400 ↓ -79,200 2,803,600
April 344,950 ↑ 154,100 190,850
Total 3,091,700 ↑ 86,450 3,005,250
Palladium
March 2,362,200 ↑ 2,074,900 287,300
Total 2,377,100 ↑ 200,700 2,176,400
1Data as of 5 December; changes from 7 November.
Indicators %∆ $∆
6 December 2012 Page 2 Precious Metals Advisory
Commodities Research and Consulting,
Asset Management, and Investment Banking
CPM Group, founded in 1986, is an authoritative commodities research and consulting company. It is independent of all
producers, processors, financial institutions, and other companies having commercial positions in commodities. CPM
Group has extensive experience in commodities research, trading, and finance, equipping the company to provide finan-
cial advice and consulting grounded in hands-on experience.
U.S. Mint gold coin sales reached 153,000 ounces in
November, the highest level reached since July 2010
when sales had totaled 175,000 ounces. Sales during
the first 11 months of 2012 totaled 801,000 ounces,
down 26.4% over the same period in 2011. On a year
-on-year basis, sales during November 2012 were up
209%, however.
U.S. Mint American Eagle gold coin sales reached
136,500 ounces during November 2012, the highest
level of sales for these coins since July 2010. Sales of
these coins during the first eleven months of the year
reached 677,000 ounces, down 27.6% from the corre-
sponding period in 2011.
American Buffalo gold coin sales continued to rise in
November reaching 16,500 ounces during the month.
This was up from 8,500 ounces from the same period
in 2011 and up from 11,000 ounces in October 2012.
Sales during the first 11 months of 2012 declined to
124,000 ounces, down 19.2% from the same period
in 2011.
Premiums on both the American Eagle and American
Buffalo gold coins remained mostly flat during No-
vember. This suggests that the market was well sup-
plied and could potentially result in softening in de-
mand from dealers in December.
6 December 2012 Page 15 Precious Metals Advisory
Million Ounces
Gold Statistical Position
*Million Ounces; Source: CPM Group; Notes: There may be discrepancies in totals and percent changes due to rounding; Net official sales are indicated by negative numbers; The price
is the Comex nearby active settlement, 2012 Through 11 October. Longer term projections are available in CPM Group's Gold Supply, Demand, and Price: 10-Year Projections report; e
-- estimates; p -- projections; NM -- Not meaningful; December 5, 2012
Supply 2007 2008 2009 2010 2011 2012p 2013p
Mine Production
China 8.7 9.1 10.1 11.0 11.6 12.3 13.0
Australia 7.9 6.9 7.2 8.4 8.3 8.1 8.4
United States 7.7 7.5 7.2 7.4 7.6 7.2 7.4
South Africa 8.2 7.1 6.6 6.2 6.0 5.3 5.1
Peru 5.5 5.8 5.9 5.3 5.3 5.4 5.5
Indonesia 3.7 2.1 4.0 3.4 2.5 1.8 2.0
Canada 3.3 3.1 3.1 2.9 3.2 3.2 3.1
Other Market Economies 20.4 21.5 23.1 24.6 25.0 26.0 28.0
Total 65.3 62.9 67.1 69.2 69.4 69.3 72.6
% Change Year Ago -0.7% -3.6% 6.6% 3.1% 0.3% -0.2% 4.8%
Gross Long and Short Positions of Comex Disaggragated Non-Commercial PositionsComex Silver Futures and Options. Weekly Data, Through 27 November 2012
Mln Ozs Mln Ozs
Long
Short
Silver Markets
World Silver Supply and Demand
6 December 2012 Page 21 Precious Metals Advisory
Million Ounces
Silver Statistical Position
*Million Ounces; Notes: Totals may not equal the sum of categories due to rounding. Mine production in Poland, Bulgaria, Romania, Hungary, the Czech Republic, and Slovakia is included in "other" mine
production; Photography, jewelry and silverware, electronics, and 'other' industrial use reflects demand in Europe, the United States, and Japan.; These sectors include Canada from 1979, Mexico from 1982,
Hong Kong from 1985, Thailand from 1986, India from 1987, Australia, Brazil, Peru, Colombia, Argentina, Chile, Korea, Pakistan, and Bangladesh from 1989, and Taiwan from 1990; Demand excludes the
transitional economies, except for imports.; The price is the Comex nearby active settlement, percent change from year earlier period. 2012 through 6 December. There may be discrepancies due to rounding; p
- projections; NM - Not meaningful; Source: CPM Group 6 December 2012.
Supply 2007 2008 2009 2010 2011 2012p 2013p
Mine Production
Mexico 99.5 104.1 114.3 128.6 152.8 160.9 161.3
United States 39.0 40.2 39.9 40.8 36.0 34.3 35.4
Peru 112.3 118.5 126.1 116.9 109.8 109.0 111.4
Canada 27.7 24.3 20.3 19.2 18.4 17.8 18.8
Australia 60.5 61.9 52.5 60.4 55.5 57.0 58.2
China 97.9 96.3 107.9 112.5 128.6 135.4 142.7
Other 190.2 189.6 212.8 207.8 212.6 208.5 217.4
Total 627.1 634.8 673.8 686.2 713.6 722.9 745.1
% Change Year Ago 5.0% 1.2% 6.1% 1.9% 4.0% 1.3% 3.1%
Secondary Supply
Old Scrap 242.2 251.5 249.9 262.8 270.8 263.0 255.0
Coin Melt 5.0 4.0 4.0 2.0 1.5 3.0 3.0
Other Supply 0 1 2 3 4 5 6
Indian Scrap 16.1 17.5 21.7 15.7 4.8 13.8 10.0
Total 263.3 273.0 275.6 280.5 277.1 279.8 268.0
% Change Year Ago -1.9% 3.7% 1.0% 1.8% -1.2% 1.0% -4.2%
Other Supply
Government Disposals 8.0 0 0 3.8 2.4 0 0
Net Exports from
Transitional Economies 5 3 1 2 2 2 2
Total 13 3 1 5.8 4.4 2 2
% Change Year Ago -45.8% -76.9% -66.7% 480.0% -23.5% -55.0%
Total Supply 903.4 910.8 950.4 972.5 995.1 1,004.7 1,015.1
% Change Year Ago 1.5% 0.8% 4.3% 2.3% 2.3% 1.0% 1.0%
Platinum Exchange Traded Product HoldingsDaily, through 30 November 2012
Mln Oz Mln Oz
PHPT LSE
ZKB Platinum
PPLT NYSE
Markets & Inventories
Open interest in Nymex platinum futures fell from
3.06 million ounces on 31 October to a monthly low
of 2.98 million ounces on 20 November. Open inter-
est began rising thereafter, touching 3.10 million
ounces on 3 December.
Open interest in the nearby active January contract
trended lower last month, from 2.87 million ounces at
the end of October to 2.73 million ounces on 4 De-
cember, a 5.0% decrease.
Daily trading volumes of Nymex platinum futures
fell to 416,259 ounces in November from 460,122
ounces in October.
Large non-commercial Nymex market participants
raised their net long positions in platinum futures by
466,400 ounces between 30 October and 27 Novem-
ber, a 52.2% increase. Gross long positions increased
by 21% and gross short positions decreased by 42.5%
during the period.
Platinum ETF Holdings
Data as of 30 November 2012, Changes from 31 October
Month-end Holdings % ∆ Ounce ∆
PPLT ETF Securities 491,581 ↓ -1.0% -5,058
Platinum ZKB 353,395 ↓ 0.0% -161
Platinum Julius Baer 105,670 ↓ -0.2% -250
PHPT ETFS 518,384 ↑ 2.1% 11,002
GLTR - ETFS 8,471 ↑ 2.7% 225
WITE - ETFS 7,319 ─ 0.0% 0
Platinum MSL 5,108 ↑ 2.7% 136
SPLT iShares 3,279 ↓ 0.0% -1
SPPT Source 14,677 ─ 0.0% 0
Japan Mitsubishi 15,882 ─ 0.0% 0
Total 1,523,766 ↓ -1.3% -19,365
YTD Net Additions to Total ETF Holdings* ↑ 15.0% 198,302
*YTD Holdings as of 30 November 2012. Percentage change is
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
0
500
1,000
1,500
2,000
2,500
3,000
D-02 F-04 A-05 J-06 S-07 N-08 J-10 M-11 M-12
Open Interest
Nymex Stocks
Prices (Left scale)
Platinum Prices, Total Open Interest, and Nymex Inventories
Daily, Through 5 December 2012
$ / Oz Mln Ozs
-1,200
-900
-600
-300
0
300
600
900
1,200
1,500
1,800
2,100
2,400
2,700
-1,200
-900
-600
-300
0
300
600
900
1,200
1,500
1,800
2,100
2,400
2,700
A-95 M-97 J-99 D-01 J-04 F-06 A-08 M-10 J-12
Long
Short
Net Fund Position in Nymex
'000 Ozs
Gross Long and Short Positions of Non-Commercial Positions Platinum Futures & Options. Weekly Data, Through 30 October 2012
'000 Ozs
Platinum Markets
6 December 2012 Page 26 Precious Metals Advisory
Platinum Statistical Position
World Platinum Supply and Demand Balance
Thou. Ounces
Platinum Quarterly Average Price Projections
$/Ounce, through Q3 2014
$200
$600
$1,000
$1,400
$1,800
$2,200
$2,600
$200
$600
$1,000
$1,400
$1,800
$2,200
$2,600
1999 2002 2005 2008 2011 2014
Projections
Actual
*Thousand Troy Ounces; Notes: Excludes transitional economies, except as noted. Secondary production statistics exclude toll-refined material; Prices are settlement prices for the nearby
active contract on the New York Mercantile Exchange. 2012 through 6 December. Changes in market inventories are year-end. *Changes in 1997 market inventories exclude U.S. Industry
stocks since the U.S. Bureau of Mines ceased publication of U.S. Industry stock level data in the third quarter of 1997; As of 2006 Inventories includes changes in ETF holdings; There may
be discrepancies due to rounding; NA -- not available; e -- estimates; p -- projections; Sources: U.S. Bureau of Mines, Statistics Canada, trade sources, CPM Group; 6 December 2012.
Gross Long and Short Positions of Non-Commercial Positions Nymex Palladium Futures &Options. Weekly Data, Through 27 November 2012
'000 Ozs
6 December 2012 Page 31 Precious Metals Advisory
Palladium Statistical Position
World Palladium Supply and Demand Balance
Thou. Ounces
Palladium Quarterly Average Price Projections
$/Ounce, through Q3 2014
$100
$200
$300
$400
$500
$600
$700
$800
$900
$1,000
$1,100
$100
$200
$300
$400
$500
$600
$700
$800
$900
$1,000
$1,100
1999 2002 2005 2008 2011 2014
Projections
Actual
*Thousand Troy Ounces; Notes: Excludes transitional economies, except as noted. Secondary production statistics exclude toll-refined material. Prices are settlement prices for the active
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
1976 1981 1986 1991 1996 2001 2006 2011e
Total Supply
Total Demand
Supply 2007 2008 2009 2010 2011e 2012p 2013p
Mine Production
Russia 3,120 2,737 2,686 2,732 2,714 2,671 2,698
South Africa 2,630 2,447 2,443 2,616 2,638 2,348 2,612
Canada 550 513 229 250 503 539 603
United States 423 394 418 382 407 395 397
Others 539 442 550 571 615 630 632
Total 7,262 6,533 6,326 6,551 6,876 6,583 6,941
% Change Year Ago -2.0% -10.0% -3.2% 3.5% 5.0% -4.3% 5.4%
Secondary Supply
Total 1,508 1,585 1,347 1,664 1,730 1,791 1,881
% Change Year Ago 7.2% 5.1% -15.0% 23.5% 4.0% 3.5% 5.0%
Total Supply 8,770 8,118 7,673 8,214 8,607 8,374 8,822
% Change Year Ago -0.5% -7.4% -5.5% 7.1% 4.8% -2.7% 5.4%
Average $358.28 $352.98 $266.75 $529.11 $733.85 $640.31
% Change Year Ago 10.8% -1.5% -24.4% 98.4% 38.7% -13.5%
6 December 2012 Page 32 Precious Metals Advisory
Rhodium Quarterly Average Price Projections to Q3 2014
$ / Ounce
Rhodium
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
2009 2010 2011 2012 2013 2014
Projections
Actual
0
200
400
600
800
1,000
1,200
1,400
0
200
400
600
800
1,000
1,200
1,400
1976 1981 1986 1991 1996 2001 2006 2011
Thousand Ounces Thousand Ounces
Demand
Supply
Rhodium Supply and Demand
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
$10,000
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
$10,000
72 75 78 81 84 87 90 93 96 99 02 05 08 11
$/Oz $/Oz
The Price of RhodiumMonthly Average NY Dealer Price, Through November 2012
Year QuarterQuarterly
AVGChange Annual AVG Change
2012 IV $1,145 -2.0% $1,276 -25.9%
2013 I $1,120 -2.2%
II $1,193 6.5%
III $1,300 9.0%
IV $1,404 8.0% $1,254 -1.7%
2014 I $1,460 4.0%
II $1,387 -5.0%
III $1,360 -2.0%
0
10,000
20,000
30,000
40,000
50,000
60,000
0
10,000
20,000
30,000
40,000
50,000
60,000
May-11 Sep-11 Jan-12 May-12 Sep-12
Rhodium Exchange Traded Product HoldingsDaily, Through 1 December 2012
Ounces Ounces
Note: Metal is stored in the United Kingdom and is the combined holdings of the ETC's two primary listings, the db Physical Rhodium ETC (EUR) traded on the
Xetra and Borse Italiano and the db Physical Rhodium ETC traded on the LSE.
Notes: NM-Not Meaningful. NE-No earnings; Source Capital IQ, Bloomberg.
6 December 2012 Page 35 Precious Metals Advisory
Market Metrics
Notes: Gold, silver, platinum, palladium, and copper nearby active Comex or Nymex. Minor PGMs are Metals Week dealer prices; Interest rates are 3-month money market rates for the
U.S., Euro,U.K.,and Japan; Interest rates are one-year rates for China & India; $-Euro interest rate differential is the spread between rates available on the 90-day government notes of
each; Money supply is percent change from previous year; Money supply is M1, UK is M0; Monetary reserves excluding gold; NA - Not Available.
Metals Markets
November O ctober November '11 % ?1-Year
Gold $1,721.82 $1,746.08 $1,745.50 -1.4%
Silver $33.20 $32.32 $32.41 2.5%
Platinum $1,604.60 $1,577.00 $1,560.80 2.8%
Palladium $686.25 $609.80 $610.00 12.5%
Rhodium $1,125.00 $1,125.00 $1,625.00 -30.8%
Iridium $1,050.00 $1,050.00 $1,085.00 -3.2%
Ruthenium $90.00 $110.00 $120.00 -25.0%
Osmium $350.00 $350.00 $350.00 0.0%
Currencies
November October November '11 % ?1-Year
$/Euro 1.30 1.30 1.35 -3.7%
Japanese Yen/$ 82.48 79.77 77.60 2.8%
$/British Pound 1.60 1.61 1.57 2.69%
U.S. TW$ N/A 98.96 99.52 -0.6%
Interest Rates Money Supply Industrial Prod.
2012 2011 2012 2011 2012 2012 2012 2011 2012
3Q 3Q October O ctober Latest Latest March March Latest
United States 2.7% 1.3% 0.1% 0.0% 0.10% 13.1% $51.1 $54.2 1.7%