Ann: Change in substantial holding from MQG , page-10

This is from "The daily reckoning."

It's a free news letter that is funded by the D/D and other payed reports done by these guys.
As it is free, I thing it's ok for me to post some high lights from todays news letter.



The commodity data coming out of China shows that demand isn't slowing either. Copper imports are in the rise at the moment, jumping 10.7% last month. China is importing even more 'copper scrap', which is just reclaimed copper from buildings and so on. Imports of this jumped by 5.3% last month.

Why's China buying up copper? Maybe because a MAJOR copper shortage is coming...

Copper inventories have steadily declined since peaking in February.

According to the Metals Economics Group, significant copper discoveries have fallen "well short of what is needed to replace the copper produced."

Morningstar predicts "60% of today's open pit mines will deplete or go underground (at a higher-cost) by 2021." Rio Tinto is racing to open new mines to meet a massive "shortage coming in 2011 as United States and European demand also rises"

One mining executive has admitted to Salon.com: "Globally, economic copper resources are being depleted with the equivalent production of three world-class copper mines being consumed annually."

Yikes!

To make money as a resource investor you need to find the high ground... so you can see over the hubbub of the daily markets... and catch a glimpse of the next big high demand/low supply story.

For me, that story is copper.

My advice: Buy well-priced companies sitting on high-quality copper resources.

Dr Alex Cowie
Editor, Diggers and Drillers
for The Daily Reckoning Australia