As of right now copper is down 7 cents...not good!
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As of right now copper is down 7 cents...not good!
Gold is down to 1541.90...not good either...just keeping an eye on it for right now.
On the bright side, oil is dropping like a rock. 87 and change as I write this.
Tell me about copper problems. I'm needing a paper bag to breathe right now
stressful indeed.
Can you share that bag with me? I think I am going to be sitting on what I have and hope the market comes back....gold came up some...but it seems to be dropping deeper with each fall...I think it may hit back into the high 1400.Quote:
Originally Posted by High Voltage Processing
Just don't hyperventilate in the process or you'll have an ambulance bill on top of it.Quote:
Originally Posted by High Voltage Processing
I was wondering.......in a steady decline with copper/gold dropping like it has been, do you guys slow down on buying or adjust prices according to what the market is?
If your buying everything I would think you have to adjust or you'll be breaking even.Quote:
Originally Posted by ScrapperNJ26
adjust, some will over adjust to help recover or to help lower the cost of metal that was all ready paid for by a % ratio to fix the lower prices of metal...thats why when metal market changes a little bit the price will charge alot but after a few days will come back up even tho the market did not really come back up.Quote:
Originally Posted by ScrapperNJ26
As a scrapper i do adjust what i by but i also focus a little more on the other things that dont seem to change, alteast around here. Aluminum, stainless, insulated wire never leave their payment brackets.
I'm buying everything I can. I'm not selling right now and my vendors are screaming at me about it.