Do you anticipate a rise or fall in general in the next month or two? What index or info source do you use?
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Do you anticipate a rise or fall in general in the next month or two? What index or info source do you use?
Metal Recycling Entrepreneur
We were advised a week ago steel will drop across the steel board prices April 1st. It is not unusual to hear a drop and see no change, but 2 seprate yards notified us.
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P & M Recycling - Specializing in E-Waste Recycling.
If you enjoy your freedom, thank a vet.
Metal Recycling Entrepreneur
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The magic 8 ball says....It is decidedly so.
If anyone knew for sure what was going to happen they would bet everything on red 8.
This market the last couple years has made fools out of alot of people. Don't fight the trend....either way.
http://www.kitco.com/
http://seekingalpha.com/
http://stockcharts.com/
Some reading material.....
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You could always try a tarot card reading......
AMERICAN BORN, AMERICAN BRED! AND I'M PROUD TO BE AN AMERICAN!!!
3.67 GPA
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I prefer wetting finger sticking up to see which way wind is blowing
A SERIOUS MIND, FOR SERIOUS TIMES
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Skipp, I think I'm startin to like you.
3.67 GPA
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i told ill grow on ya too bad like a tumor
Up or down who cares the drop or rise wont be significant heck it could go sideways either way mills will still buy and yards will still ship.
Rural scrapper
My guy says sideways or up to counter the fuel prices, he's usually on target so I'm not sweating it. Either way still making money
Alvord iron and salvage
3rd generation scrapper and dam proud of it
Crt & Ewaste Specialist
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I know mobo prices are dropping like a mofo next week :-(
Metal Recycling Entrepreneur
I expected a diffrent response from this crowd. The last week of the month is usually a touch and go week for us. course we are usually sitting on a fair amount of material. This month was diffrent because our buyers warn us usually a week out and we have already moved the bulk of our material. We even had time this month to haul our own Converters and aluminum wheels. I love converter day. once a month we make money like we used to back before everyone did it.
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unfortunately ignornce is bliss.Originally Posted by Rio
People don't sweat steel dropping a penny or two, yet they will clean metal all day to make an extra 5$. I'm surprised. I think a course in 101 math is due. We will start todays course and call it tonnage.
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And the cashier at my yard did confirm. Todays 230$ ton will be 200$ per ton tommorow. Fyi for all you math wizards that's only 1&1/2 cents a pound. No big deal though... Right?
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a little worried as my yard has moved out almost everything, starting last week. I hate going to the yard when its empty of stuff as it seems that the prices will be low while they start to stock pile stuff...
Metal Recycling Entrepreneur
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If you knew the answer to your own question above....then why did you ask in the first place. Your yard is dropping sheet iron almost 13% in one week based on what? A guess? This "math wizard" thinks you need to start making some calls and shopping a bit. For three years people have been calling for a market crash....guess what...if they traded the way their gums flapped....they would be living under a bridge right now. Don't fight the trend until the trend confirms a breakdown. Start looking at a few charts and start looking at some 50 and 200 day moving averages. By the way....start looking at a dollar index chart.....king dollar runs the show.
On a side note......my yard just increased their aluminum prices across the board by 10% within the last week....
Disclamier: This is not investment advise. Do not base your buying, selling, trading, or future whatever on anything I say. DYODD.
Last edited by Victor; 03-31-2012 at 08:12 PM.
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I do and I do, Victor. This was not about my opinion. This was about others opinions... I'll refer you to the original post.
LowLife
Did I not read a post on here about copper maxin out around june according to historical data..let steel drop a 1/2 cent no difference to me...am sad gold is on the downside though...
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"When I was fourteen, my father was so ignorant I could hardly stand to have him around. When I got to be twenty-one, I was astonished at how much he had learned in seven years."
Mark Twain (1835-1910) U.S. humorist, writer, and lecturer.
"The mark of your ignorance is the depth of your belief in injustice and tragedy. What the caterpillar calls the end of the world, the master calls a butterfly."
"Ignorance is like a delicate fruit; touch it, and the bloom is gone."
Oscar Wilde (1854-1900) Irish poet and dramatist.
"In the battle for survival the ignorant man has a considerable advantage."
"I am not ashamed to confess I am ignorant of what I do not know."
Marcus Tulius Cicero (106-43 BC) Writer, politician and great roman orator.
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Is it kind of like buying a 12 pack of diet coke for 5$ to make 12 cents on the cans ?
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