EM2, page-123

Time to get your skates on Tim & Charles with copper price over $5.00, the time is now. BHP has shown their hand on their recent bid for Anglo, which has evidently helped partially contribute to the recent run up in copper price. It was only a matter of time though for copper price to run, as copper inventories were already currently at all time lows (without even considering the massive future demand for copper). It was clear BHP thought they better lob the opportunistic bid now or never.

Two large commodity traders have also been caught out recently IXM & Trafigura for shorting copper (What moron had that idea). It is hilarious when these big commodity traders try and manipulate commodities and get caught out and have to buy back at higher prices to close out their loss/short position. With copper inventory shortages being at all time critical lows and demand outstripping supply now and into the future, I guess the geniuses at the large commodity trading companies forgot about economics 101 - supply vs demand. Cheers, CP.