Copper Battling at 2011 Peak

The top line is from the 2011 peak. A reminder that the "rope-a-dope" scenario is still in play on the bearish side for commodities, while on the other one can argue the inflation hasn't even started yet because some key industrial commodities are still below their former highs. Though at recent prices, if copper and oil hold around current levels, their average annual price would easily set new records...gold, silver, platinum also conspicuoiusly off their all-time highs...