Stories like this should give commodity bulls cause for pause. Reports suggest that a significant fraction of China's high stockpile of copper is being used for investment (read: speculative) purposes.
When farmers in China are piling copper rods in their barns thinking that their price will go up, sentiment may be getting frothy.
I myself have moved nearly all my 'paper' commodity exposure to gold via the SPDR Gold Trust (GLD).
position in GLD
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