The LME warehouse levels are as low as I've seen them in more than 5 years.
China is going strong. The US and European economies are heating up.
Copper has been waffling around $3 for far too long and in my opinion is undervalued.
As I've said before, I gave up on analysts and forecasts by so-called experts long ago.
There's no substitute for doing your own due diligence. If I were a betting man, I'd bet on copper in the relatively near future (i.e. months) and definitely over the next couple of years. Thanks for the article though - it's always interesting to read a contrarian view.
Ironically, I consider myself a contrarian - though I wouldn't say copper is exactly in favour now. I think the consensus is optimistic, but it's certainly not reflected in the price.