all right welcome everybody metal monday coming at you how you doing brett i’m good man um another uh exciting day in the world of scrap when you open up your app and you’re like oh all red today everybody yeah you know not not long ago we were all high-fiving about five dollar copper and now we’re i’m happy if it stays around 4 50. yeah just stay at 450 please hold the line hold on there’s a reason why our colors are green like because we prefer green days not ready yep yep but you know if you to get the green days you gotta take those red days and you gotta adjust on the fly you gotta adjust accordingly like still awesome you know that’s the truth of the matter the market’s still awesome across the board is it as awesome as it was a week or two ago no but that’s what but if anything it may it’s a little safer that way it’s doing some real adjusting some real movement you know if it would have gone up to like 525 550 maybe then you’d anticipate a huge drop you know kind

of just goes to show you like that it’s hard to it makes it hard to make buying decisions or selling decisions because you just don’t know where it’s going to end up like you know and no one knows that’s the secret everyone might think they know and like it’s funny because i put a post a few sundays ago we finally broke five dollar copper people in that thread in the comments they were like and it’s gonna keep going and i woke up six hours later and it was 480. you know so so i’m like you can’t and then like you know you sold a load of copper what 470-ish yeah we sold a bunch of chops is what we did actually i haven’t sold any uh number one or number two copper for a while we don’t have a crazy amount in inventory you know not enough to get too too worked up about but we did sell a bunch of chops but where we up or where i up is i didn’t sell at 3 000 palladium right like which this goes to show you like i feel pretty decent about my

ability to buy and sell and even i got greedy you know i got you know a 3 000 palladium and i’m like it that thing is gonna go to 35 right it felt that way and in the moment it feels like you’re in it like and you’re sitting there looking at the board and you’re trying to figure it out and i missed that one you know i miss i’ve missed my fair share for all the ones i feel like sometimes i get right you know there’s a fair share out there that i just i do i definitely miss on but that’s how you’ve learned right you’ve learned those by the way you know and then you’ve had if you get more wins than losses you know you should come out okay market right like you only lose if you sell yeah like you can ride as long as you have the ability to ride something out and see it to fruition if you have a spot in your mind that you feel like you know and i don’t care whether it’s platinum palladium copper aluminum whatever then all we’re doing realistically we’re taking positions

on commodities except for as a scrap metal recycling company we’re actually like taking physical possession whereas if you’re just a trader you’re not really taking physical possession you’re trading you know future pricing you’re trading you know today’s market against tomorrow’s or vice versa and you’re just trying to anticipate the direction which we are to a certain extent but we’re also taking physical possession and we’re either you know transitioning it from a dirty material into like a clean milled item or we’re say buying catalytic converters and we’re basically processing them into like a you know a better refinery item so i mean there is the processing component but you’re still just a trader in a roundabout way taking physical possession so you win some you lose some but you never lose until you capitulate and uh sell on the downside that’s how i look at it and it’s it can be wild swings i mean it can be sometimes you open your app and you’re just like what the you know i always said heroes and zeros yeah we’re printing them by the we’re printing them by the hour so it’s been real volatile but

it’s been it’s made made it exciting to to wake up and see where it landed that morning you know yeah so yeah it keeps and it keeps you on your toes man yep all right well we ferris was really strong outlook on that still decent even with some of these other things turning down you still have a good good pulse on that the ferris market seems seems strong i mean obviously oil is getting whacked today again who knows i think everybody right now is just trying to get safe you know the in the fed’s going to come out and probably raise the interest rate i would assume you know a quarter to a half percent you know we’ll see i think half would be aggressive but you never know i mean the reality of it is this is kind of a if there’s one thing i’ve learned it’s kind of a buy the rumor sell the news deal and it almost feels like people get more nervous going into these meetings so they get into cash real quick or they try and get into a position to trade it and then the news actually

comes through and it’s like a wall yep okay that’s what we anticipated and then it’s back on whatever way short long yeah whatever your direction of choice is it’s not necessarily like no overreactions yeah i mean think about the when russia invaded ukraine it’s as much about the rumor and what could possibly happen to commodities and what’s going to happen between these two countries and what’s going to happen with china and what’s going to happen with with the nato and what’s going to and and it’s it’s a rumor rumor rumor you know by buy social cell whatever that is and then there’s the news yeah and then it’s like everybody can breathe and say okay well now we know what direction it is and then it’s it’s always the want long yep you know well i guess we’ll just see what the week carries out we’ll see what the fed does we’ll see what happens in the developments in russia ukraine and see what it does to the market let the uh let the good times roll for another 10 minutes yep all right thank you everybody have a great day see you guys

in vegas if you end up coming out thanks