I hope you are right about a bull run but I would be very satisfied if the prices stabilised at this level. The inventory levels can be a bit misleading as a low at the LME is balanced by a big surplus in China. My opinion is that the slowdown in China is a bit overstated for the commodities. It is only a slowdown, not a big crash. I think the slack can easily be filled by the BRICS and other asian countries but I wouldn't expect big growth. 2012 should be okay for copper and the prices should hold until the CUU buyout (I'm hoping!!)

Interesting article here where even the author doesn't know if he is a bull or a bear on copper. Some of the underlying facts are interesting but his conclusions are all over the place.

http://seekingalpha.com/article/455921-freeport-mcmoran-copper-glut-will-hurt-profitability?source=email_macro_view&ifp=0

GLTA

bbay