Bloomberg: Copper Rises to $8,000 a Ton for First Time as Metals Rally

Global Liquidity chasing profits....and pushing up commodities....

From Bloomberg's Chanyaporn Chanjaroen:

Pension and hedge funds are pouring money into commodities as raw materials from sugar to oil produce returns that are outpacing other assets. Crude oil has gained 16 percent this year in New York and traded above $71 a barrel today. Fund investments in commodities may exceed $120 billion by 2008, up from $80 billion last year, according to Barclays Plc.