2. The biggest trading volume in Copper call options on record signals supply troubles brewing in the market…a spread trade worth $6.5 million was posted early Monday morning on Comex in New York in a bet that the price of the metal used in wires and pipes will surge past $3.05 in a few months…“It’s a pretty aggressive bullish bet,” stated Tai Wong, head of base and precious metals derivatives trading at BMO Capital Markets…the wager was likely fueled by “expectations that supply will become tight”…Copper production will trail consumption by 116,000 metric tons this year, a 2nd straight deficit, Citigroup analysts wrote in a report in December, while Antofagasta CEO Iván Arriagada said yesterday that the Copper deficit could run as high as 300,000 metric tons this year…investors looking ahead several months should do well on high quality juniors with strong Copper exposure, and Northwest B.C. would be a great first place to look…

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