Metal Monday Episode #5 with Nick and Brett, January 31, 2022

On this episode of Metal Monday, Nick and Brett discuss how their Football Friday picks worked out for them as well as looking at how metals pricing is doing this month and what their expectations for next month are.

Transcription

all right last metal monday of january brett how you doing i’m doing good man so we’re almost into february already you know everyone says that everyone thinks it but the time just goes by like that it’s insane you know um seeing a lot of ups and downs this month when it comes to you know copper especially ben volatile for sure um i always ask you this this time of the month is it uh ferris going up down yes up i love it so it depends on where you’re going with it but over here there’s enough there’s enough strength on the export side that it’s going to help us on the west coast um is it going to go up you know a significant amount i i don’t know that i believe that but is it is it is it the market going to be better yes okay well good that’s good news we’ll take that we’ll take that as a w yep um copper still you know it looked like we were gonna get you know 460 numbers there at some point in january we’re now we’re dipping around 440. you know what

i’ve started to notice and i talked about this a little bit before when the stock market comes off it almost feels like you know copper gets a little momentum and when the stock market’s up it feels like it kind of loses some momentum not all the time it’s not like a perfect like one-for-one relationship but i’m also starting to notice that in the pgms like when the market’s down the pgms especially palladium platinum you know they’ve been gaining ground and i don’t know if that’s because of russia and like you know obviously russia being a big producer of palladium and um you know i’m sure that has something to do with it with all the ukraine russia talk and but it just feels like lately you know as the market’s been getting beat there’s people have been pushing harder into you know you know more familiar territory back to like real commodities is it because they are jumping ship from the stock market over to to to commodities i don’t know i don’t know i just my my gut feel is that if we get a tougher say stock market then we

might see some opportunity on the base metal side and on the precious metal side so the market volatility doesn’t really bother me as much i guess um it’s been a good run for for palladium for sure the last couple weeks platinum’s had a good run rhodium is kind of hanging around um obviously that’s going to be auto demand driven and then russia ukraine driven there’s going to be some big some big uh moves there but you know base metal side i mean nickel is still 10 30 something and copper’s 430 um aluminum aluminum’s about 40. it’s there’s you know leads strong it’s i feel like if this year i mean i know people are kind of down talking this year because last year was a pretty good year and i’m not predicting the future i’m just saying like if a couple things go right like if kovid finally kind of seems the talk of kovid and everybody being scared of it and kind of starts to digress then there’s real potential for the economy i think to have a good 2022 and i know that’s what i’m you know kind of anticipating but crazy

happens on a daily basis and you never know where that’s going to go well a lot of countries are lifting some of their mandates a lot of you know ireland i think portugal um i know that because our our spin instructor travels there a lot so i’m excited that that got lifted um so that’s a good sign you know that keeps happening things get lifted um i even hate saying this word but things turn back to normal you know because that word so like overused yeah last two years um it’d be nice to get some normalcy back in our world um and just see the markets you know go on a tear like it feels like they they’re waiting to do because you know just i feel like the pump’s primed you know the liquidity is there the money’s in the system i mean you’re seeing it a little bit on the inflation front so i mean i feel inflation could back down if if people went back to work i feel like some of that can be solved like i think we’re kind of our own worst enemy to a certain extent but

it is what it is but my prediction is if we can if we can uh get some things to kind of the all the down talking as far from the covet standpoint or whatever else and the down talking of the economy inflation if we could just go to work every day and just kind of go do what we’re good at which is build businesses build economies repair some infrastructure if some of that infrastructure starts to come to fruition this could be a good year okay all right i guess we’ll wait and see time will tell all right thanks everybody all right have a great day thanks