Summary
This prediction ended on 21.08.20 with a price of €2.53. The SELL prediction by yppep12 for Copper closed nearly unchanged from the start price. yppep12 has 50% into this predictionCopper is a versatile metal with a wide range of industrial and manufacturing applications. The demand for copper is consistently high due to its use in electrical wiring, plumbing, construction, and transportation. As a result, copper is considered a critical component of any country's infrastructure and economic development.
As an investment, copper is viewed as a hedge against inflation as its demand is often driven by industrial growth, particularly in emerging markets. Copper prices are affected by economic conditions, supply and demand issues, and geopolitical events, making it a speculative opportunity for those looking to profit from short-term price movements.
In recent years, copper has received renewed attention as a key component in renewable energy technologies, particularly electric vehicles and solar panels. As the demand for these technologies increases, the demand for copper is expected to rise significantly, making it an attractive long-term investment opportunity.
Overall, copper can be viewed as a commodity with strong fundamentals backed by the need for industrial growth, a hedge against inflation, and potential for long-term appreciation. However, the price of copper can be volatile and unpredictable, requiring careful consideration and a risk management strategy for potential investors and speculators.
Performance without dividends (%)
Name | 1w | 1m | 1y | 3y |
---|---|---|---|---|
Copper | 1.627% | 1.627% | 8.625% | 2.898% |
iShares Core DAX® | 1.560% | 2.566% | 18.261% | 16.927% |
iShares Nasdaq 100 | 0.517% | 1.894% | 25.521% | 35.441% |
iShares Nikkei 225® | 1.730% | 5.631% | 18.569% | 13.063% |
iShares S&P 500 | 1.482% | 1.594% | 24.989% | 38.339% |
Comments by yppep12 for this prediction
In the thread Copper diskutieren