Scrap prices are going to plummet in July

To some, Carnegie represents the idea of the American dream. He was an immigrant from Scotland who came to America and became successful. He is not only known for his successes but his enormous amounts of philanthropist works, not only to charities but also to promote democracy and independence to colonized countries

Personally I think it has to do with the election. If you look at prices in the past they drop like crazy about 6 months before the election and slowly recover. All prices drops. Gas, metals, etc. The good thing is.that it will thin the herd.all ready I've been receiving a ton of material because others don't want to waste their time. Gonna put out 2000 flyers in the neighborhood tomorrow. Hopefully I get a couple of bites.

I hauled for years at $30-50/ton (at $1.50 gas mind you) and cleaned up...so few people do it when prices are low it is all yours. I horded CU/Brass/ and cats and then banked big time. I agree expand when prices drop and keep your regulars happy, you get more of the pie. I will be adjusting down what I pay next week..If possible it would be a good time to stock pile heavy,dense iron (brake drums,cylinder heads,etc.). The Leeb analysis holds..gas weakens and so do metals, gas prices up metals follow 3-4 months later. It will do a "jagged stair step" over time (when you look at the graph of prices over time).Keep on scrappin'!

Originally Posted by street_sweeper

To some, Carnegie represents the idea of the American dream. He was an immigrant from Scotland who came to America and became successful. He is not only known for his successes but his enormous amounts of philanthropist works, not only to charities but also to promote democracy and independence to colonized countries

Carnegie also made his fortune by insider trading to start in the steel industry by getting tips about the railroad while he worked there. He did revolutionize the open hearth melting process though and improved upon it to where you could mass produce steel products. He also was as anti union as it gets and to this day union employees won't step foot inside any building bearing his name because of it. He did regret the decision to use the pinkertons to try and quell the uprising at his mill and it split his friendship with henry frick and caused him great pain until the day he died.