all right we are finally in person for a metal monday i feel like it’s been two or three weeks a few weeks man two weeks two weeks on mobile ones yeah we’ve both been traveling for some vacation you’ve been trying a little bit for work and it’s good to be back in the office the traveling is fun but it’s just hard on you it’s hard on your body fun there’s a lot of fun stuff i’m a routine guy it throws my routine off so but anyway you only regret the vacations you don’t take yes that’s true so if you if you have vacation out there and you need to use it go use it like go do it like it’s good for your mental health yeah maybe not for my physical health because i might have a few too many uh cocktails when i’m on vacation but mentally i come back and i’m ready to go other than watching these markets get uh that’s what i was gonna get the last two weeks when we went on vacation the market every time i leave i’m like god damn what happened while i was

gone well it felt like some there’s a chatter out there that copper could dip all the way down to 350 to be in this new area which it felt like that but it’s kind of leveled out to the 370 area um which you know not that long ago was 470. i know so i’m bullish on copper i’m just gonna put it out there i you know used i i paid enough attention to it that i mean do i think that maybe there’s going to be some trials and tribulations and some potential recessionary risks out there absolutely the prices of commodities and metals have been getting crushed lately right but if you look at the if you follow the lme inventories of especially copper and you you look at how depleted it is i mean it’s definitely a trader’s game right now and so i feel like with copper you know maybe in the short run you maybe you dip and you get to that 350 but in the short to medium like medium term and i’m speaking like in the next 60 days like i still feel like copper is probably one of your

stronger base metals out there as far as from a price you know standpoint so i feel like four dollars is should be four plus should probably be the number for a while i feel like a bet’s about to happen right now i got you for two hundred i know i’m already i’m already got you for 200. so what’s the bet um how about mid july where’s the market where’s the top of the copper going to be from here yeah to july 15th i bet we i mean i bet in in july we climb back over four dollars again so let’s just do a whole bet in july north of four i’ll just make it easy i’ll go yeah i’ll say we don’t get to four yeah i think i think we get back over four okay that’s my uh that’s my take all right double or nothing the 200 absolutely all right i mean i’ll pay you in copper if if i lose i’ll just bring a box of chops and i think well here you go like go cash it in at the recycling center and figure it figure it out they won’t

buy this from me brett i know i know it looks like july is going to be rough on the ferris side um we’re already seeing some adjustments today right some adjustments like from some shredders everybody’s kind of getting nervous cold feet i think 08 is still so fresh in people’s mind you know how quickly it descended you know from six seven hundred dollar iron all the way to a hundred dollars like it went real quick and i think that is keeping so do you think there’s a lot of fear out there that’s not controlling the market so it could be it could not be it could really bounce back pretty quick it’s just because nobody knows where the fed stops on the rates you still have what they raised it 0.75 yeah is that right and and there’s just a lot of uncertainty and when people are uncertain about any out sort of outcome they get nervous right so it’s like that’s what causes people to you know sell stocks and get liquid into cash like that’s what causes people when the market’s coming off you know instead of selling when they had

a good profit or whatever and then they’re sitting there and they watch it come down and they get nervous and then you know they sell it right that’s no different in commodities it’s no different and people are like oh man i don’t i don’t want to wait this one out i don’t know where this thing’s going let’s just sell it and either take a little loss or a loss or cut even you know yeah versus just saying oh we feel pretty strongly about it so and in our position right in this as a scrap you know recycler you’re that’s all you’re doing all day long is trying to figure out what you can buy it for trying to determine what you can sell for and when the markets are all over the map you know you’re kind of just trying to pick and choose your spots it makes it tough out there you know on both ends you know so but moving forward july is going to be rough i think at least on the fair side yeah you think copper recovers a little i think we get a little bit back nickel i

don’t know that’s just nickel feels pretty soft on the demand right yeah it’s so hard to know like what’s the inventory it’s not i mean i think the mills the biggest thing with nickels right now is the mills are just not seeing the demand that they were there for a while um so we’ve seen close to a 50 cent swing in that in the last yeah easily yeah nickel has definitely gotten hammered price stainless gotten hammered um which is kind of par for the course right now because there’s so much the fair is a pretty big ferrous component to that at least on the 304 316 side so i don’t know i don’t have a strong gut feel for for nickel to be honest like if i was i’d just be guessing like everybody else um i feel like even the same for copper really but i just feel like there’s still a fair amount of copper is just so crucial to everything infrastructure everything in the future it’s such a crucial component especially for all this ev stuff you don’t want to get caught short on that deal i really don’t believe so

i mean does it have more room to go down more yeah for sure i mean could we see iron drop you know another 50 100 bucks in the next few months for sure but at some point like it becomes a scarce commodity again because you know as a as a recycling company you’re just not seeing as much of it we’re slow we’re slow we were crazy busy i think it was a combination of pricing and just the nature of what’s going on in our areas but right now is super slow and i think it’s mainly price driven is why it’s so slow well dude you i mean if you have five dollar diesel six dollar diesel five dollar gas and hundred dollar scrap mm-hmm dude everything and it’s 100 degrees outside like it’s going to be over here in idaho we’re going to hit 100 of a day when it’s like that there ain’t a lot of motivation to go haul some scrap out of the field and bring it in yeah especially if it’s already been sitting there for 20 years like yeah it can sit there for another 20 if it

has to exactly so it’ll be interesting like i said supply demand if there’s no there’s no demand it doesn’t really matter what the supply situation looks like but if we get a little bit demand we get some a little break in the dollar maybe i might pick up the export smart pick might pick up so we’ll see what happens but you know we’re probably two pretty positive individuals so that’s uh one of my biggest weaknesses we’re gonna do what we do and we’re going to grind through it if it needs to be grinded through or we’re going to try and take advantage where we can yeah we’ll we’ll adjust well just quickly um you you brought this up the other day in one of your posts and it’s one of my favorite sayings i have a shirt from the company called goruck that says it embrace the suck yeah you know and that like you gotta embrace it like i have some buyers out there that help us out they’re kind of green that have only been around when things are good good and now i’m like dude all right this really shows you

how good a communicator you are with your customer and how to handle explaining it to them because it’s hard to explain like oh hey man it’s down it’s half what i paid you three months ago yeah and it’s just hard for some people to compute especially when gas keeps going up you know the real like you’re real good sales or in our case buyers like your good customer you know relations guys and gals like this is where you earn your like yep this is the meats and potatoes it’s easy when it’s up 50 bucks a ton every month you look like a hero right but the real meats and potatoes is is your ability to community customer and say hey when it moves up i’m moving it up with you when it moves down if i gotta move down because i have i still have a business to run but the reality is like just your ability to communicate where it’s going what to expect you know and take care of them you know when even when the times suck that’s how you win the long run but it that that’s going to separate

the men from the boys and the women from the girls 100 one more thing we got our 50th anniversary this saturday um everyone if you’re local even if you’re not if you want to come over to i’d call idaho we’re gonna have a party it’s gonna be fun we got a truck show in the morning we got a party uh midday throughout the night and it’s gonna be a good time come celebrate with us yeah we’re gonna do a little i’m i’m gonna do a like a scrap life podcast this week and just talk about our 50 year anniversary so we’re gonna we’re gonna put that out here in the next couple days just kind of talk about what it is and what we’re doing and just kind of what it means and then be cool for you to give people a refresher a brief history yeah we’re gonna do so we’ll do something and we’ll just put it out there and we’re gonna have a good time this weekend so we’re looking forward to it party on friday party on saturday and then the fourth and then sunday recover and monday you know

enjoy the fourth and then tuesday might be rough in july the price might be shipped but it is what it is we’re just gonna keep grinding all right thank you everybody all right have a great day