welcome everybody sitting here with brett on another metal monday it is no november 9th how you doing brett i’m good man good just uh watching these crazy markets this morning i woke up and i was like as the world turns there’s just you never know what what it’s going to spin out for you the next day when it comes to scrap pricing yeah we’ll let everybody know what’s going on where the markets where where they headed this precious metals had a super had a really strong run last week i mean palladium platinum gold silver everything was was pushed pretty hard in a positive direction um base metals were you know fairly strong and then this morning opened up and the base metals were crushing it i mean they were yeah they were one point up five cents it’s came off a little bit now but i mean nickel was up 13 to 15 cents um aluminum was up a penny and a half i mean this is things are feel like they’re on the basement oil was up three dollars and something a barrel um the stock market was on fire and i

think we’ll see i mean we’ll see how long this deal lasts how long the honeymoon stage lasts but you know i’m i’m pretty optimistic about where these markets are going it feels it feels strong for the right reasons as far as you know there’s a lot of money being dumped on the system and i think it feels like people are starting to realize that the commodities are they have value if not because the economy is is cruising along at a big clip but be just because the you know the dollar should at some point um start to come down even more than it already has so i also noticed you know gold platinum platinum all that was on a downward trend today though yeah i i mean palladium was there was like the star of the show last week and it at one point was green this morning it had leveled back off and it started to come back down again but i mean 2500 palladium and you know the real kind of head scratchers platinum to me i would think that platinum would be you know a little stronger than it is but

i think that’s going to come that that when that deal starts to take hold you’re going to see platinum go up in a big way and quickly so so some of those precious metals that could be kind of a correction from last week then some of that yeah i mean silver was off a buck and some change yeah um and it was i mean it crushed last week too so it really just depends um you know it feels like it’s super news cycle driven right now and there’s sometimes there’s no rhyme or reason but we’ll see so have you heard what ferris did for november first is for the most part sideways to up you know 5 10 bucks um depends on the grade depends on which direction you’re going i’m i’m of the opinion that it should be stronger than it’s getting uh then it’s getting credit for but we’ll see if the economy really does strengthen this month next month going into 2021 i believe there is going to be a fair scrap shortage there’s no doubt in my mind because i know the volumes that are out there i know what’s

available and if the steel mills can melt at a pretty decent clip and the export market is strong 2021 could be big pricing in my opinion so we could see you in some up pricing and if things hold in december january i believe so yeah okay and people are going to try and get ahead of january because you know november is a short ship month december is going to be a short ship month because you’ve got holidays mixed in there and a lot of mills will go down for maintenance and the dollar comes off and you know and the economy picks up any steam whatsoever man i think it’s setting up 2021 to be good pricing well that’d be great i guess we’ll have to wait and see we’ll see all right thank you everybody yeah take care