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Matt Badiali Feels Copper Prices Make No Sense

Many of the people closest to Matt Badiali were probably shocked when he decided to become a financial advisor. He had spent many years of his life studying and working to become a geologist. He gained valuable experience working with natural resource companies all over the world. He had even begun to consider an academic career and began studying for his Ph.D. at the University of North Carolina. A friend of his helped him to realize that he could combine his expertise as a geologist with being able to pick high-quality natural resource stocks. He later proved to the rest of the financial community that he could indeed spot lucrative investments. He started a newsletter called the Real Wealth Strategist, a publication for anyone who is interested in learning about natural resource stocks with promising profit potential.

Some of his subscribers have bragged about being able to double their money with his stock picks. Matt Badiali has been following the copper market for many years and he feels that the supply and demand fundamentals for the metal don’t add up. He feels the demand for copper is higher than the supply, but the price does not reflect this. He believes the copper market is likely to experience more supply deficits for the next several years. He believes that market forces have driven copper down much lower than it should be. He is optimistic about the fundamentals of copper. He feels that over the next several years the electric car is going to cause the demand for copper to skyrocket because electric vehicles require substantially more copper than a traditional car.

Matt Badiali believes that short-term traders are causing copper prices to slide. He says that emotion drives the market in shorter time frames and fundamentals drive the market in the long-term. He said that fear due to the trade war issue is causing the speculators to force the price down. Many experts believe the trade war could cause a global recession, which would mean demand for copper would fall, resulting in lower prices. New copper mines will take several years to begin production. If the demand and supply fundamentals continue in the current trend, Matt Badiali feels copper is going to eventually rise.