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In 2018, copper producers were among the worst stocks in the market. The ongoing trade war between the United States and China was just one of several macroeconomic factors that weighed on prices.
But we like to be greedy when Wall Street is fearful. Because often, the worst-performing asset class from one year is the best-performing asset class the following year.
So, with the help of the Money Morning Stock VQScore, we think copper is going to be the No. 1 turnaround asset class in 2019.
And VQScore just alerted us to three copper stocks to buy now that recently hit our "buy zone" and we're excited to share with you today…
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Copper prices are up 12% year to date, and we think this is just the start of massive bull run for the industrial metal.
Thanks to a weaker U.S. dollar, Chinese proposals for tax cuts and infrastructure spending, and progress on a trade deal, the price of copper should rise at least 60% in 2019.
And the outlook in the coming years looks even better…
You see, just this week, macroeconomic research firm Capital Economics projected that copper prices would peak at $10,000 per metric ton by 2025. That figure represents a 60% surge from current levels.
The firm expects those supply constraints coupled with surging demand will press prices three times higher than the global consensus forecast. They also project that once prices hit that five-figure level, mines will realize new incentives to expand production. And as prices rise to record levels, investors should capitalize on the supply and demand imbalance.
As copper prices climb, shares of these stocks could easily double or triple in value.
Here are the three best stocks to buy now, before copper prices soar in 2019…
Best Stocks to Buy Now, No. 3Join the conversation. Click here to jump to comments…
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