all right welcome everywhere it’s a bloody monday over here and it looks like that’s kind of the regular lately last month bloody monday it’s down down down down down i just emailed all our yards i hate what i have to email them every week i like when i can email them like every two weeks every once a month when we get some real steadiness but copper’s down 12 cents right now i was thinking um you know yesterday was mother’s day and you know i took my wife out to breakfast you know with the kids and yada yada yeah and i was thinking about you know this is a good morning to have mimosas married or something we’re just gonna start doing our mondays meetings we’re like all right screw a podcast we’re just sitting here drinking i’m watching the market if you say so just treating every day like it’s mother’s day make some micheladas man well uh shout out to all the moms out there yeah we love you um without you we wouldn’t exist 100 percent you know and aluminum is getting hammered nickel game hammered across the board yeah my

question is it’s still just tied to what’s going on in china is it tied to the fed it’s a lot of events man it’s all at once like a snowball it’s the same reason why the prices went up right it’s a multitude of events and like you know that all hit it once and i think it’s the same thing on the downside you know it’s not just one event that’s pressuring it i think it’s you know it’s a super strong dollar it’s the chinese economy you know pretty is in pretty rough shape you know temporarily the interest rate went up half a percent interest rates are going up you know people are de-risking so you know the stock market is you know getting hammered i think it’s it’s a multitude of events you know obviously the russia ukraine war like there’s just you know i think people are kind of nervous rightfully so this market’s been on a terror people are profit-taking they’re trying to take some chips off the table you can’t really blame them if nobody really knows where the bottom truly is people are probably trying to batten down

the hatches a little bit and you know get themselves in a position to be able to weather the storm whatever the storm is well we have ferris it was down 75 to 100 depending on the grade um and you know that’s that’s a big that’s a big movement in one month you know yeah but also people forget that the previous month it was up that much right yeah we got up markets some places didn’t like the previous i say two months like more like march right between yeah you know march april softened up pretty quick but march was a big up month on the fair side you know and then i think that you know depending on your market and depending on you know what time you made your trade on in april um it wasn’t a crushing market um either way you know um may’s tough people are going to take some some gas out of it who knows what june brings probably depends on what the uh the flow looks like this month for people and how hard people try and sell and move move material um you know it snowing in

idaho right now yeah yeah it’s been snowing all morning this morning it’s his ninth birthday and i was like do you know how rare it is like that a your birthday’s on the ninth you’re turning nine but it’s i said what’s even crazier than all that is it’s freaking snowing right now like outside you think we’re gonna have a snow day dad and i was like i sure as hell hope not son i got a lot of that needs to get done but like so does that disrupt like what’s gonna happen out in the field and like flow wise and the transportation transportation logistics i don’t know it depends on hopefully it’s supposed to get nicer towards and we got tornadoes in spokane yeah i guess it’s been some crazy stuff going on it’s a while i think 22 is gonna be if we thought 21 was kind of crazy 22 might top top the cake i feel like the other day it was 2019. what’s going on it just blinked and all this craziness happened and we’re just telling you we’re just living through it we’ve been through a lot of ups and

downs um as many other scrapyard managers owners have been and you know you just adjust and move forward so yeah and i like i said that where these markets are going i have absolutely no idea i’m the guy that bet on five dollar copper and and now we’re getting closer to four right someone was wondering if we’re gonna make any bets this month absolutely what do you want to do i should hear my stomach um i think it’s uh where we want to bet on do you want to bet here’s the bet do you want to bet that copper stays you want to do an average price or like uh where does it peak out at i want to bet that we stay north of 415 by the end of the month yeah i i agree with that bit okay so we can’t bet that yeah i’m like i’ll bet i’ll bet we rebounded four how high did we go for 440 this month i’ll say we get back to 440. take that bet yeah i think we go to 450. well we’re spending on the same thing we got to maybe think well

you said you top out at 440. okay so you got 450 i got 440 closest yep closest two okay any point in the month at any point yep okay from here going forward all right i got four shake on that one and we got some i’m like a money donator and we got some basketball games we could bet on yeah we’re gonna do that we’ll get to that later in this season uh as soon as we get like the kind of the final four teams to wrap this we’ll bet we’ll bet some of that eastern western conference finals and then the finals and then everyone just look at our sports bets and do the opposite you’ll make a lot of money you’ll do well okay all right guys have a great day thank you great week see you