Metal Monday Episode #27 With Nick and Brett, July 6, 2021

Tune into this weeks metals market update with Nick and Brett!

Transcription

all right welcome everybody we got another zoom metal tuesday for you because we were closed yesterday everybody was still enjoying their time with their family and their friends and exactly how was your fourth of july brett it was good man it was good it was pretty low-key um family got we got up in the next next morning took a flight over to houston texas so which where i’m at right now but so we kept it pretty safe insane fireworks at our house on the fourth of july but the weekend in general was good man we hung out we gotta do some fun stuff some parades and you know all the yeah the fourth of july uh that makes makes fourth of july so awesome the barbecues you know the good stuff yeah same here we we barbecued all weekend i took the kids to the pool probably five times this weekend multiple times a day we got some real swimming in yeah keep everybody cooled off i took them and get snow cones about every day got a pretty good snow cone check and uh i was good it was great man i

i as i grow older i really enjoy thanksgiving and fourth of july yeah the rest of them all give me thanksgiving and fourth of july and you keep the rest though yeah yeah it’s a good trade in my book those are my top two because that’s what’s more what it should be about just spending time together yep exactly lighting off fireworks and eating food and drinking beer doesn’t get you know and then thanksgiving watching football eat food drink some beer i mean get much better than that yeah anyway this morning i was excited to give everybody some good news all the green markets and then oh god that’s where our heels turned quick on us yeah shoot man i mean everything was green a few hours ago and now we’re seeing dips of six cents on copper seeing 400 down on rhodium 42 down palladium what was do you know what’s driving this not really um just the market opened up and uh the stock market i mean the commodities you know opened up strong and then the stock market you know dove off this morning and because the was it like the ism

print was a little bit less than forecast so i think that that whacked the markets and then that in turn just drove the commodities with it which probably strengthened up the dollar which is why the commodities got hit so you know i went from we went from countdown money this morning to counting our debts yeah just that quick you know oh it’s crazy man you know and that’s just the world we live in and i mean anyone training any commodity not just medals you know it is man it’s that’s and you know it’s like i said it’s not for the faint of heart it is you know i still think ferris market should be fairly strong this month so and who knows how this day ends this is how it started i feel like we’re getting into some real volatility um so i don’t know we’ll kind of just have to play it by ear and see where this see where where it goes but i feel like on the non-ferrous you know precious metal side really heavy volatility and on the first side i feel you know maybe not as much uh

not as much volatility we have to deal with i think that you know july should be you know sideways to up money for sure um but i guess you know we’ll see it’s already what’s crazy what’s hard on a week on a month like this is today’s the sixth so if you get any deals done you know this week it’s kind of in a weird way like a short ship month so you know you got to kind of calculate in the days available to be able to ship because if you get a deal done the next few days well that’s going to put you to the seventh eighth ninth you know you’re not working with a lot of days so you have to get after it this month if you want to move you know serious tons yeah that’s true i mean just the way the weekend fell and with the fourth like there’s not as many days to get some stuff done and then the market the way it is today who knows if it takes a while to shake things out and try and get everything going but we’ll see it’ll be

uh be interesting okay well next week we’ll give everybody an update on ferris see where it lands it seems like uh and correct me if i’m wrong it seems like the beginning of a lot of months i see some dips i don’t know i think it just depends on it’s so macro now yeah as far as they set the world and what’s going on and there’s just so much noise and so much feeding into it that it’s it’s just it’s just hard to tell i mean i can’t really find some solid trend line on my end other than just kind of my strong belief that we’re on the right side of you know the com with the commodities just trying to be patient let the market come to you pick your spots and make the sale all right thanks brad enjoy your time in texas i appreciate you nick hey i appreciate you taking care of our dog my uh my wife is forever grateful and so are my kids oh she’s she’s a great dog especially for a puppy she’s chill but we’ll see everyone else next week appreciate you man thanks