Heads up. Gold and silver spot price taking a bit of a beating today. Off about 4%. Expect pricing adjustments for your ewaste buyers. Copper showing weakness too as it's off almost 3%.
Metal Recycling Entrepreneur
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Heads up. Gold and silver spot price taking a bit of a beating today. Off about 4%. Expect pricing adjustments for your ewaste buyers. Copper showing weakness too as it's off almost 3%.
Metal Recycling Entrepreneur
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Really rolling up into the close. Off almost 5% for gold and almost 5.5% for silver. Tough day if you were long. Stay frosty on your ewaste purchases and price accordingly. Your buyers will have Monday morning adjustments I would think.
Metal Recycling Entrepreneur
Yea I figured they would make adjustments Monday morning just when my 200 pounds of boards are getting to the buyer. Should have shipped a few days earlier. Oh we'll hope it isn't too much of a hit for me.Originally Posted by Victor
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Yup just like gas prices, quick to go up slow to come down, only with ewaste its quick to go down slow to go up.
I won't be wronged. I won't be insulted. I won't be laid a-hand on. I don't do these things to other people, and I require the same from them.” John Wayne-- The Shootist
NEWBS READ THIS THREAD ABOUT REFINING!!!!
http://www.scrapmetalforum.com/off-t...ning-read.html
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Did something happen around 1030 today? Gold and silver kitco charts took a dive at the same time.
Figures
I just sent just under 800 pounds of power supplies and boards to Ewasted. Got there a few days ago but no results yet. I hope since it got there (got confirmation) on the 10th he doesn't cut my prices.
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According to his buyers page "prices are determined by date of receipt", I would think you are ok.
Metal Recycling Entrepreneur
Retail reports came out and showed retail sales diving around 8:30EST. Actual humans probably started bidding less and then around 1030 all the computer trades kicked in.
Metal Recycling Entrepreneur
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thats why i cleaned the shop out saturday and haulled it all in...
Rural scrapper
Has it bottomed out yet or is it still falling ?
Alvord iron and salvage
3rd generation scrapper and dam proud of it
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Quotes from overnight trading just now:
Gold 1449.50
silver 24.72
copper 3.30
I'm not silly enough to believe I can accurately tell you what those numbers will be later today, tomorrow, next week, or next year, though. Anyone that says they can is full of it.
Last edited by auminer; 04-14-2013 at 11:30 PM.
Out of clutter, find simplicity. --Albert Einstein
Metal Recycling Entrepreneur
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It's pretty bloody today as well. Its bleeding off hard early this morning. I was seeing 6% down for gold and almost 9-1/2% down for silver. Doc copper is off about 3% too. Tough couple of days and really it's been a tough 6-7 months......not looking too good at the moment. On gold anyway this pain doesn't stop in the 1300-1400 range we could easily see 1150.
Lot of bad data world wide has been shrugged off for a long time now. Anyone's guess if this is the start of something bigger but the world markets overall have been screwed up for so long with gov intervention....who knows what to make of any of it anymore.
Rural scrapper
Time to buy some gold and silver while it's on the cheap ?
Metal Recycling Entrepreneur
On the cheap would be less then $500, if the bottom falls out it will be another 20 years before it peaks again.
Rural scrapper
I ain't got nothing but time !
Metal Recycling Entrepreneur
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The transmission just went on my truck this weekend. So today I was forced to sell the 200 lbs of copper I have aquired over the last month and a half since copper prices started declining in early March. It sucked selling it but at least there was no line at the small scale today!!
Metal Recycling Entrepreneur
Makes me wonder about the gold is under valued threads. If oil prices would collapse the same way maybe food prices will go down.
Sledgehammer Enthusiast
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IMO gold and silver prices are just another bubble getting ready to burst. Just like housing 80's dot com 90's and sketchy home loans 00's how many times are we going to let large banking firms take interest free government money meant to loan small business money and instead they use it in risky stock market investments and when they think the bubble is over they sell off and drop prices of stock and "invite the small guy in" only to get screwed. Next time they get caught with their pants down please don't bail them out the world will go on without giant banking corps with bad morals. We the people are taking the hit of these bad business morals and they keep getting richer. Diversify your investments and watch out for gold and silver history has a way of repeating itself.
There ain't nothing wrong with an honest days work. Anyone who says otherwise is a fool.- Old Man
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i think this deflation bubble is getting ready to burst, expect prices to rise long term
I buy and sell all types of scrap and escrap. I buy specialty and hard to sell escrap. I buy resale items. PM me or contact me at jghilino@hotmail.com
I AM ACTIVELY BUYING ESCRAP OF ALL TYPES. BOARDS, RAM, CPUS AND MUCH MORE
Metal Recycling Entrepreneur
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As long as our country is going into debt more, these metals are worth saving. Less competition on ewaste. Save and sell later.
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