Unlike iron ore, the bulls are out in force when it comes to copper. But predictions that iron ore prices will fall sharply in response to rising supply have been so wrong for so long that it has got to be wondered what confidence should be given to the predictions of copper price strength, particularly as we’re essentially talking about the same bunch of price-picking pundits. It’s an important consideration when it comes to stock picking because iron ore equities are currently being priced as if $US50 a tonne prices are around the corner ($US82 a tonne currently), while the copper equities are getting the free-carry of expectations that the copper price has $US3 a pound written all over it ($US2.70 a pound currently).