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Dr. Copper, along with most assets, had a pretty ugly 2008 declining about 70%. Considering the widespread deflation (economic contraction and falling asset prices) we saw last year this should come as no surprise.

However, it looks like the good old doctor may be perking up a bit lately. If so, it would suggest that inflationary forces are once again taking hold. And I think everyone would appreciate a little inflation for a change.