Large Drop in Copper stockpile levels seen last few months.
The top in copper stockpiles is in, copper stockpiles now within the normal levels closer to the high end right now, copper stockpiles should continue to fall to 279,000 tonnes as the price of copper pushes for $3.99 when this is happening. Copper stockpiles now sitting at 345,000 tonnes
copper should move towards $4 but may peak at $3.75-$3.99 in this first bullish leg up. Copper stockpile leveles indicate a run up in price is coming. Copper seems to be recoverying well and is on the verge of a breakout.
The 77k jobs number in the USA for December should be revised up to 103k perhaps.
Freeport FCX could be returning to $55-$60 by Dec 2012
SCCO is worth watching or buying at this point.
check the 5 year copper stockpile chart below and other charts found on the link