Salient to Investors:
Copper bulls at their highest percentage since Oct. 14 2011 on rising speculation central banks will bolster growth. Hedge funds are bullish for the first time since May, while stockpiles dropped to the lowest level in almost four years.
Jeffrey Currie at Goldman Sachs said commodities may rise 10 percent, copper to reach $9,000 by year-end.
Barclays expects demand to outpace supply in half1 2013 then a glut in half2 2013 as output climbs and consumption growth weakens. China, which consumes 40 percent of all copper, has slowed for six quarters.
James Dailey at TEAM Financial Asset Mgmt said central bank action may not be enough to stave off slowing global growth that will hurt demand for commodities.