Great article with interview of the guy who accurately called the bottom of the copper market. I must admit I was much too negative about copper. The key: China is still growing 7-8% a year and is creating exactly those good that use copper.

Page with interview: click here

A change in the multiple for KXL needs a change in the perception of commodities. Copper has leapt already, as have copper stocks.

I am worried about the treasury auction failures, but the recovery of commodities does us nothing but good.