prices rising or falling in the near future?

Originally Posted by Russell

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?

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.