One of the reasons RIO is going up so fast is the short covering...

One of the reasons RIO is going up so fast is the short covering from people who thought it had already gone up too far.

I can tell you, medium term, its still got a lot further to go. All as you will see for the next little while is consolidation and retracements as it makes higher highs.

I took some profits at the peak today, but I've just bought back what I sold on intraday retracement.

Copper reserves at the London Metal Exchange have fallen 27% over the past two months, whilst the price of copper has consolidated at higher levels. Copper is about to hit record highs again.