Take note: China hoarding copper at a faster rate than at any other time

Article from the ever objective Andy Home. Unsure if it has already been posted...so apologies if it has.

http://www.reuters.com/article/us-copper-china-ahome-idUSKCN0VY19D

I have consistently said copper price is ripe for the future. China will be spending loads of cash on Olympic infrastructure over the next few years.
Cu at $2.50 in my view should mean TGS can comfortably produce at a profit and meet debt obligations - not withstanding any left field drama.

I see no reason why we won't hit 6.5- 7c at some point today, although we are nearing TA overbought. Still trading well below NTA though. A lot of catch up to do yet.