First the Good..

Copper prices could fall 10 per cent in the short term due to high inventories in China, according to the world’s largest miner of the metal. But Codelco still painted a bullish outlook for the rest of the year, anticipating a “tight” market.

Diego Hernández, chief executive of the state-owned Chilean miner, said in an interview with the Financial Times that the red metal would trade between $7,000 and $8,800 this year, compared with current prices of $8,010 a tonne.

Full Article

http://www.ft.com/intl/cms/s/0/9b9b4d22-896a-11e1-85af-00144feab49a.html#axzz1sUquqF7N

Then the Bad AND the Ugly..( I know I cheated but just ask silver investors what they think of JP Morgan and silver ETFs!!!)

On the backdrop of tightening supply in the copper market and uncertain outlook from a potential eurozone recession and slowdown in China, JP Morgan (JPM) is moving closer to listing what could be the first physically-backed copper exchange traded fund.

According to a Securities and Exchange Commission filing, the JPM XF Physical Copper Trust will try to reflect the performance of Physical Copper Grade A.

http://seekingalpha.com/article/507151-jp-morgan-readies-first-physical-copper-etf?source=email_etf_daily&ifp=0

Good Luck to all

bbay