Metal Monday Episode #28 with Nick and Brett, July 10th, 2023

Nick is joined by Brett for another Metal Monday as they discuss the true meaning of hustle. The ferrous market is still sideways, aluminum is soft and copper is still hanging in there. Make sure to send any questions you'd like the guys to answer to (208) 487-4311. Produced by Recycled Media.

Transcription

foreign with Brett how you doing Brett goodbye yourself doing good man I had a super busy awesome weekend it’s hot so hot because it’s melting it was warm this weekend oh it was hot like I took me and the wife went to a concert took the kids to the drive-in movie yeah it’s a full weekend it just and it made me think we always talk about respect the hustle uh-huh and I think some people don’t quite understand our hustle message sometimes because like to me hustling is not just coming to work that’s a big part of it also like when you have time with your family get the most out of it so I think they go hand in hand so because I think there’s like there’s this movement to get rid of that word hustle and I’m starting to see Pop Up in social media and it’s just people that associate it with just working all the time I think you got to do both it’s a mindset like hustle’s like getting up and going to the gym in the morning and taking care of your own self like hustle is

going to work and then getting the most out of what you do while you’re at work hustle is like how you what you how you treat your life like how do you what do you do like you know like there’s only 24 hours in the day you gotta you know you need to get some sleep but while you’re up like what are you gonna do around and sit around or you can like I mean go do stuff with your family go do stuff at home go do stuff for yourself like you know my wife and I joke like I mean on our weekends like we don’t there ain’t no messing around like there’s been it’s we get after it you know we take that hustle mentality home everywhere I go like and it’s not like I’m not saying a guy has to work you know 100 hours a week but I’m saying some weeks require it some weeks require it and also some weeks require maybe an extra day off to hustle a little harder over at home to do something special but I mean but it doesn’t mean you just need to be

sitting around like not doing unless you just need a day to sit around and not do but I mean ultimately like that’s the way I look at it is you know we we love the word hustle I ain’t I don’t know we’re always going to use it and I just had to get that it was on my mind people say hustle porn right and like that’s important I can get behind like I’m good with that like yeah yeah of course I tell people to work hard of course like I tell my kids the same thing I’m like I don’t care if you don’t score 20 points in a game but if I see you walking up and down the court and I’m the coach your ass comes off the side that means you’re not either you’re tired and you need a break or you’re not giving the energy you’re not giving the team that the energy it deserves so you shouldn’t be out there and I think that goes the same thing at work right so call it what you want to use any word you want but at the end of the day

it just means squeeze the most out of the day 100 okay to the markets did you did we finally get all the info on the ferris markets yes it’s pretty staunched sideways in our neck of the woods about everywhere you know I don’t see a you know a big movement any direction and I kind of my gut says if we’re not at the bottom we’re scraping along right we made a little yeah a little bit of movement but it feels like we’re kind of at the limit to being pushed around you know but I don’t know like as soon as I say that then you know in August you know like I hope not but it just feels like we’re kind of bad it feels like the boss we’re like here well it just it feels like to me like we’re at an inflection point right so with all the craziness going on in the market and Chad ellerbrock and I talked about it in our Bulls versus Bears podcast there’s all these crazy like macroeconomic events going on if some of them get solved maybe we break to the positive side if something

bad catastrophic happens we maybe probably break to the other side right but it feels like we’re kind of at that inflection point so maybe I shouldn’t say a bottom but just kind of at that point where we got the ability to break either way so if nothing really crazy happens we I think we just kind of meddle along if something big happens good or bad I think it breaks okay one way or the other and so that’s kind of my so that being said you know get yourself in a position to you know move scrap how’s everything else going on the copper nickel aluminum what’s going on well cotter’s hanging around you know I mean anytime you’re around 380-ish is a good is a good number High through 73.80 um you know nickel seems to be kind of trying to hold its own I mean it’s not great but um you know aluminum is soft I mean that that that one truly is you know softening up but you know in general pgms well I’m hopeful we’re trying to be finding a bottom there and we could see if you know it

goes back to that maybe we see a break you know yeah I mean rhodium’s at five year lows I mean you’ve got like some real you know opportunity if a guy has the bandwidth to you know sit around for a while and see what happens but I don’t know I feel like in general I’m still pretty optimistic about most medals that we deal with aluminum being the one outlier that does feel soft right now that one’s feels the softest I mean it feels like nickels kind of found its new new area you know 950 to 10 in that general area yeah which you know that was pushing more like 11 12 now you know not too long ago and then copper you know we were I kind of thought we were going to make a run back to four but he said like a 370 380 Market yeah we’re lowering our standards we were like there for a while we’re like you know four dollars is still pretty good now we’re like well you know mid 373 idiots so it’s like the lower your standards raise your average type of program I guess but

uh rhodium is the the weirdest one to me yeah and I think that’s just goes back to what we’ve discussed in the past it’s so thinly traded it doesn’t take much momentum on either side to push it and so you’re gonna get big pushes one way or the other and right now we’ve been getting downward pressure which just means that’s just the way the way it is you know I mean at some point it you know some something will turn it’s just what it is and how you know I guess we’ll we’ll see what that looks like okay well we will keep an eye on it and everyone remember a hustle this week absolutely man put in the work and then what is I one of my best like it was one of the the best quotes or whatever I’ve ever heard I’m obviously a big quote guy but you know don’t complain about the you know the trophies you didn’t get by the work because of the work you didn’t put in like you know like and that’s all back to hustle right like don’t complain about what you don’t have because you

weren’t willing to do the work to get it and whether that’s a good family life like if you don’t put the work into your family you’re not going to have a good family life it’s just the way it is yeah if you don’t put the work into your work into your effort into work you’re gonna have a good work life like you got to put the effort in in both agreeing you have to put in the time you got to be present and you gotta do your best and if you do those things good things will happen it might take some time there might be some bumps in the road but I promise good things will happen if you do those things yes sir all right have a great week everybody see you next Monday