Scrap metal prices up, down, or sideways? What's your bet.

Originally Posted by unknownk

After the elections most metals will drop (building and manufacturing is going to slow), precious metals up.

Such a dismal outlook, we haven't put king oh-bummer back in office yet

Originally Posted by diesel

Such a dismal outlook, we haven't put king oh-bummer back in office yet

Well car sales are doing decent (car financing is skyrocketing while credit card debt is slightly lower) yet steel isn't going crazy. People are tapped out and have less credit then they used to. China is slowing down because the US and Europe isn't buying as much of their junk (which will affect all scrap prices in the long run). Europe is going to fall apart and the US is broke spending monopoly money which will not last forever. it doesn't realy matter who runs the whitehouse anymore, the end result is the same policies that keep a few people very rich and the rest will live in poverty. Still waiting for the healthcare bubble to collapse, which is a crazy 15% of GDP and rising like crazy. The last few decent jobs around are healthcare based and when that implodes so does the country (heck most states and cities are broke now anyway and the US debt is never getting paid down let alone paid off).