Starting to look good again, after the big jump in Cu prices...

Starting to look good again, after the big jump in Cu prices last Friday, and a small decline yesterday, we are now moving higher.
Copper July 03,05:59
Bid/Ask 3.5252 - 3.5262
Change +0.0568 +1.64%
Low/High 3.4624 - 3.5514
It's a while since I've been bullish on Copper, but it's starting to turn now. I hope everyone is loaded up with ABY, I'll bet we'll be at $1 before year end.

SHANGHAI, July 3 (Reuters) - Copper surged on Tuesday as
hopes of further monetary easing by major central banks helped offset worries over demand prospects stoked by grim
macroeconomic data and Europe's festering debt crisis.
A surprise rise in China's services sector Purchasing
Managers' Index (PMI), which expanded at its fastest pace in three months in June, also buoyed market sentiment and boosted prices.
Three-month copper on the London Metal Exchange
jumped 2.5 percent to a session high of $7,815 a tonne on
Tuesday, its highest since May 22, before paring $48 to $7,767 per tonne by 0714 GMT.
The most-active October copper contract on the Shanghai
Futures Exchange moved up 1.7 percent to a near 7-week
high of 56,310 yuan ($8,900) a tonne, but closed the session up
1.3 percent at 56,100 yuan, stretching gains into a fourth
session.
"Positive news on the policy front has helped base metal prices to rise today. People are hopeful that the U.S. will roll out QE3, the ECB will cut rates and China will lower RRR further," said CIFCO Futures analyst Zhou Jie.
U.S. manufacturing shrank in June for the first time in
nearly three years, adding to signs of a recovery slowdown but raising hopes for more policy easing by the Fed, while the fragile state of the euro zone economy prompted anticipation of an interest rate cut by the European Central Bank this week.

Expectations rose for an imminent cut in the amount of money banks in China are required to hold as reserves after a state-backed paper urged the move in a front-page editorial.

Still, CIFCO's Zhou warned the easing steps, if rolled out, would take some months to improve Chinese base metals demand, which is crimped by weak consumption and a destocking cycle.
"Copper is faring the best among the base metals as there is still some physical demand due to bargain hunting. But to sustain the present rally, we need real solutions to current global economic challenges," he added.
In the physical market, traders are also bracing for a
replay of the April squeeze that made copper expensive to obtain quickly, saying major trader Glencore controls almost half the inventories of the commodity held in London Metal Exchange-registered warehouses worldwide.
They said a potential rebound of demand in China, the
world's top copper consumer, combined with tightly controlled LME stocks, could constrict the market in coming months in an even more severe version of the events of this spring.