Metal Monday Episode #24 with Nick and Brett, June 13th, 2022

On this episode of Metal Monday, Nick and Brett discuss how metals pricing is looking so far this month, and what they expect for the rest of it.

Transcription

all right we got a special metal monday for everybody today how you doing today brett i’m good man yourself i’m doing great man i’d be doing a little bit better i’m not gonna lie i’m a little bit happier when the markets are green and today we had saw a lot of red red red red you know i always figure like if you’re going to be if you’re going to be anywhere when the markets are red it might as well be on vacation so that’s what i’m doing so you’re doing good you’re on vacation that’s what i control and right now all i’m controlling is my vacation there you go so the markets are i woke up this morning and i was like either i’m hungover or it’s really that bad or both yeah or both it might have been it might have been both you know yeah so copper i mean copper’s back down and right around the 420 mark you know yeah we were we were dabbling in that 450 460 range there for like a a few days at least you know oh yeah and it’s it’s came back down to

like where we were like six weeks ago you know so yeah i think as people just try and sort out these financial markets you know like everything is getting clubbed today right i mean everything from the stock market to the commodities to you know cryptocurrency i mean you name it it’s getting it’s getting hammered today so i think that’s just kind of the way it’s going to be for a while you’re going to get these movements up and down and i don’t know that there’s until that until the markets feel comfortable there’s something positive out there i think you’re probably going to get these big wild swings is there anything positive out there that you’re hearing any uh do you feel like feel like we’re hitting the bottom on ferris or do you think we still got some room to go down on that you know i feel like it’s gonna depend on the demand side like to just if if it’s trending the way it’s trending i think you know it could be a real soft july as well but it’s hard to tell it’s only the 13th 13th day of the month

but the trend in this market is sell what you got you know i feel like it’s you know for the most part it doesn’t look like there’s a lot of positive news out there that could change the the direction of things gotcha go ahead i said well i said but we’ll see you never know yeah like you know like we’ve said for a while now i mean anytime copper’s above four we’re looking good i mean grand scheme of things ferris has come off a lot but we’ve seen it a lot worse you know so like no be a lot worse than it is today it’s just usually not you know when you have six dollar diesel so we’ll see that’s going to be the you know pretty big piece of the the puzzle is what’s the price of oil and fuel going to do because there becomes a point when it’s hard to even um run much production if you know that your costs are starting to get real stretched but yeah that’s true i’m still optimistic you know i feel like we’re gonna you know we we might see some down markets for

a little while but ultimately you know commodities are still a good spot to put your money so it’ll get sold off with everything else but when the money comes back in it’s probably going to come at commodities first so that’s why i think well we’ll keep everybody posted and um just follow us and we’ll share at least what we’re hearing so all right bud well i’m sure i’m not going to see you before you go for on your trip with the next metal monday it’ll be me at work and you on vacation i hope for a better monday night for you than it was for me i’m hoping for all green on my monday but they all but the reality of it is like i got a pretty good i got a pretty good view right now i’m drinking beer and it’s noon so i ain’t mad i like it thanks brett all right man take care thanks bye