Scrap metal price predictions

Merry Christmas to All (Sorry I cannot say Happy Holidays because of my Christian upbringing and love of country)

As I read the posts, it seems several of you have been very accurate on your predictions for future prices for scrap metal. Anyone willing to make a prediction where you think prices will be in Jan. and Feb. or even beyond? I made the transition from part time to full time scrapper this month and spent the time setting up my business based on recommendations from this forum. I set a goal to start hauling the first of January and will make this goal, so I am wondering what to expect. I want to thank everyone that has provided information on this forum and wish everyone a Happy New Year.

Now it is time to return to the family and enjoy the spirit of Christmas.

I have heard UP but not by much it could go sideways or down to but I don't think it's going up or down by more then 10 or 20 bucks.

I don't know which way it's going but I've heard that it always goes up after election year.

Here are my predictions for 2013, gonna see how this plays out.
metals:
Gold will hit $2000 before year end 2013
Copper will hit $4 before year end 2013
For my long shot pick: $40 silver before year end 2013

Other economic pics for 2013:
unemployment breaks out above 10%
Dow falls below 10,000
Crude Oil $120 barrel
the government goes deeper into debt

Quote:

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Originally Posted by jghilino

Here are my predictions for 2013, gonna see how this plays out.
metals:
Gold will hit $2000 before year end 2013
Copper will hit $4 before year end 2013
For my long shot pick: $40 silver before year end 2013

Other economic pics for 2013:
unemployment breaks out above 10%
Dow falls below 10,000
Crude Oil $120 barrel
the government goes deeper into debt

Predictions for the year 2020 or sooner:

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speaking of china.........

http://i1151.photobucket.com/albums/.../chinagold.gif

source : The China Money Report - Chinese equities , financial scandals, and geopolitics

category list on right side of page
pick any category.........fascinating read

383 tons = 20 billion using simple 383t x 2000lb x 16oz x $1600

being they own at least a trillion of our debt, 20 B is about 1/50th of that

.......or things could get really bad.

Quote:

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Originally Posted by jghilino

Here are my predictions for 2013, gonna see how this plays out.
metals:
Gold will hit $2000 before year end 2013
Copper will hit $4 before year end 2013
For my long shot pick: $40 silver before year end 2013

Other economic pics for 2013:
unemployment breaks out above 10%
Dow falls below 10,000
Crude Oil $120 barrel
the government goes deeper into debt

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You make me really glad my 401 is getting cashed out jan 2 :). I'm going to save 1000s I don't remember the year but the Dow went from 14000 to 8000 in a matter of months lost my @$$

Glad to see we have so many optimists on the forum...

Seems like its time to stock up on bottled water n move to the cabin...

Cmon guys have some faith in obama....hahhahaha

China holds 1.2 T to be exact with Japan on their heals at 1.1 T

Quote:

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Originally Posted by gorven

China holds 1.2 T to be exact with Japan on their heals at 1.1 T

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I wouldn't call that a threat to our society.... I'd call that a tendency towards VERY BAD investing.

Keep your assets in fungible goods/commodities & you'll do just fine when we inflate our way out of debt leaving them holding worthless paper.

Knowledge of the difference between paper and real, indeed. ;)

bad investments seems to be the thing china is wise to........

china dumping us treasuries