The EURO as the other big currency in the world currently stinks.
Heck, it might fail altogether.
So by default the USD$ is strong.
Metals are traded in Dollar and we the providers are the bottom of the totem pole. So all price pressure put on by the big buyers (Asia) gets passed down to us.
The Chinese economy is shaky right now, so they don't buy much.
All causes the
metal prices to go downhill.
There is no way of telling when it recovers.
Months - Years... your guess is as good as mine.
On the lighter side, a lot of scrappers are bowing out and are looking for other ways to make money.
So there might be more for you to score and once stuff rebounces they might not come back, after having found something better to do.
Just hang in there, as tough as it is.
Not much else you can do, except maybe start working for the man again (HELL NO FOR ME! I quit that 23 years ago)
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