all right welcome everybody we are here with a special edition of metal wednesday middle monday on wednesday yes sir how are you doing today brett i’m good man just uh hump day middle of the week um shipping out a bunch of material this week so we are uh just trying to get through it so monday we saw the markets go up like crazy yep yesterday we saw him correct back down like crazy what friday they took a hit too yeah right exactly why what what’s causing this up and down in your opinion why why what’s why is the roller coaster so i wish i could use the answer and i wish i knew which way it was gonna go but i’m kind of like probably most people out there i’m just guessing like everybody else and hoping and it seems like fridays have been rough though people are selling off on friday people are getting they don’t want to hold over the weekend because everything is so volatile you’re getting these big updates big down days you know people are moving into gold silver platinum palladium moving out of gold silver platinum palladium

i mean it’s high speed trades and you know we’re in the commodities business so you know we we get used to stomach in these moves i mean you know we obviously buy a lot of platinum platinum rhodium you know we process a decent amount of converters um so we we see these moves and we try and buy and sell and hedge accordingly sometimes we’re right sometimes we’re wrong i think that’s just the nature of the beast try and be right more than you’re wrong though um but as far as why it’s happening it seems like a super political um politics this is a election year so that drives a bunch of different um things then you have the printing presses are are going crazy you know we’re printing more money there’s a lot of money coming into the markets um which i think is could be has potential to drive the dollar down and that’s only going to help commodities um and just the volatility of the virus and everything that’s going on out there just creates for these super dynamic you know markets the their ups the downs the you know big moves

in every direction and i think you know that’s where you know i think hedging can be a big big part of your business we we aren’t big hedgers but there’s certain opportunities for it that makes sense like we’ve discussed with the the two peters from zainer medals so there’s i mean if someone had a hard time stomaching it or if you know cash flow or whatever that was i mean you definitely probably need to hedge these markets just because of the volatility yeah we’ve been through a lot of the ups and downs obviously and we can handle the downs but i’ve noticed the thing with myself and you we’re both in a lot better mood when it’s up 10 cents yeah for sure i’ve noticed that like i’m like oh yeah then i wake up and it’s down i’m like uh yeah it’s tough to start your day behind yeah the reality of it is i think that’s why people hedge because they don’t want to feel that up or down but here’s the deal and i’ve always said this about business and if you don’t take risk it’s hard to get reward so

sometimes you have to put yourself out there on a limb to pick the fruit one of our old core buyers we would buy catalytic converters from had a saying that i loved we’re all swimming in the same shitty water yeah you know so we’re all in the same boat you know exactly and i’ve always like i’ve always loved that saying from from ralph yeah some days you’re you know you’re batting a thousand and someday you’re you’re striking out so and a lot of that’s out of your control oh yeah unless you hedge so yeah um one quick reminder that i wanted to kind of put out there and we will put it out there on social media is our scrap life shirts that are going to benefit the semper fi fund we are writing the check we were discussing this there today on 9 11. so we are going to write the check to sample 5 fund for all the money that we’ve raised we you know we appreciate united metals which we have an inside track on that one for sponsoring the shirts um we have an awesome shirt coming up in october

so we can’t wait we’re going to hopefully sell out of these uh these american flags semper fi shirts and then work on it on to the next one so we’re gonna write the check on 911. seems pretty fitting yeah it’ll be perfect and we just put another order in for this round of shirts because that first run we sold out of them in a week yeah so we’ll put it out there put the link back out there my advice would be to try to buy one quickly because they’ve been selling out a lot quicker which we appreciate that from everybody yeah it’s gonna be a good good fundraiser good for everybody we’re excited all right well thanks brett