Today China announced a surprise drop in interest rates to stimulate their economy. As a result, both gold and copper swung upwards.

Here's a reaction from someone at Kitco Metals 4 hours ago. It is a pretty strong statement about the future price of metals and it seems like the market agrees.

“The world is now fully united in printing money and debasing currencies, a situation that cannot end well,” wrote Peter Hug, global trading director at Kitco Metals Inc., in emailed comments on Friday, referring to the latest developments in Europe and China. “Do the metals have downside risk, sure, but from a longer-term prospective, these levels will prove inexpensive, when, not if, inflation grabs.”

--http://www.marketwatch.com/story/gold-bounces-back-after-data-induced-drop-2014-11-21

High-grade copper for December delivery HGZ4, +0.43% climbed by 4 cents, or 1.2%, to $3.06 a pound. It’s on track for a weekly gain of 0.3%.