Copper Trade Most Bullish Since March as China Cuts: Commodities – Bloomberg 06-07-12

Salient to Investors:

National Securities Corp said that a Chinese stimulus package will turnaround copper prices.

Hedge funds and speculators remain bearish on copper.

Predictions:

IMF is predicting EU GDP will fall 0.3 percent in 2012.

Goldman Sachs sees copper at $9,000 in three months.

Morgan Stanley sees a 130,000-ton shortage for copper supplies in 2012 and a 170,000-ton shortage in 2013.

Fairfax IS sees continuing volatility in commodities because nobody knows how Europe will turn out.

Read the full article at http://www.bloomberg.com/news/2012-06-07/copper-trade-most-bullish-since-march-as-china-cuts-commodities.html

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