COPPER
I mentioned elsewhere several weeks ago that copper prices were now ridiculous and bore no relationship to genuine supply and demand - i.e. the two were pretty well in balance.
The newspapers have now started regular and noisy comment along similar lines.
Thus, any copper plays along the lines of KAZ are looking increasingly dangerous, with sp swinging violently as the base copper price does likewise.


GOLD
The run on bullion has been staggering ...... Wish I hadn't got out several weeks back, but shouldn't complain!
At the moment, the impetus is still very firmly upwards, though it is hard to believe that there will not be some serious profit taking ..... though I thought that when I sold my position!

For all that, there are lots of good gold shares to follow, many of which are already well known on this board ...... To those, I would add POG which is an excellently run company, being the biggest gold producer in Russia ..... I strongly recommend you guys to have a look at it, not least because sp has come back a bit following their results.


NICKEL - ENK
Nickel is one of the key elements in stainless steel.
Demand for stainless continues to grow hugely, especially in China (of course!).

ENK has perforned well over recent weeks and has at last broken through 40p.
200 MDA is gently tracking upwards, and I would expect that angle to sharpen.


TITANIUM DIOXIDE - TIO
This is a key composite in the manufacture of paint etc

TIO is sponsored (if that is the right word) by Peter Hambro and POG (qv), and again operates out of Russia ...... prospects for the company and thus its sp are, (IMO) very good indeed, notwithstanding that local infrastructure is somewhat dilapidated and in desperate need of inevestment etc etc ...... However, that would seem to be forthcoming.

A recent bullish trading update makes this share (IMO) well worth a place in a commodity portfolio.

From a short term perspective I wouldn't be surprised to see gold return to the $700 level - it may even dip to $680 just to unnerve some. But only short term and further out $800-$1000 long term should not be ruled out. You can also see similar thought process in the POG USD bond announced last Friday with a gold option ($1000).

I've also been buying Hambledon Mining (HMB). This still looks very cheap to me and could well be a rising star.