Metal Monday Episode #48 with Nick and Brett, November 27th, 2023

It's the last Metal Monday of November and Nick and Brett are back to discuss how the markets looking for December, and give updates on the 75 hard challenge. If you'd like to guest star on Metal Monday or be on A Scrap Life, text us at: (208) 487-4311. Produced by Recycled Media.

Transcription

all right last Metal Monday of November man how you doing Brett I’m good I’m good I’m uh I’m happy to be back at some point you know a three-day weekend is already long enough and then put four days and I’m like chomping at the bit I’m like okay Sunday you’re ready let’s go I’m just like ready to like go do something you know and I mean I spend some time with my kids took him to the gym did Thanksgiving with my parents did all the things went to the movies but I’m ready for like this I’m ready for the action for the grind yes well we’re back I’m G to ask you what I always ask you at the end of the month where we going to see Ferris at for December you know I I’m I’m really anticipating my conversation with Chad Eller Brock MH this week for our Bulls versus Bears um you g to get that out cuz I’m yeah we’ll have it up we’ll have it up Brady r on Friday I’m I’m excited to hear what his point of view is that guy is so smart man

he’s got so much good insight and like it’s people like that that I love talking to because they they they fill my brain with like good information you know you could get online and you could listen to a bunch of I think if you want to but then it’s good to just connect with people that kind of have a good beat on things that you don’t right and I’m so locked into our little corner of the world over here on the feris side I mean I feel like there’s positive momentum going into December here but that doesn’t mean that that translates for the rest of the country everybody else or at least a good majority or whatever and maybe sometimes like last month was a good example there was a lot of positive momentum in the market and we were struggling just to go sideways you know and in some grades down money so I think you know that I wish I could had a firmer answer for you but this week could be could be interesting I feel like there’s feel like there’s opportunity to have some up money in December I’m not

saying it’s going to be big up money but I don’t feel like the Market’s going to Trend down on us well that’d be nice and we’ll wait to hear Bulls versus bear with Chad and see kind of where he hears the whole n Nation going because that is always interesting to me and not not just me a lot of people that maybe not are are not in the scrap game to understand like different areas can have different movements you know but eventually it kind of feels like they all kind of catch up to each other you know at some point you know yeah so we’ll see where it goes last week we had a really good nonf feris week though had a lot of good movement in Copper M you know pgms moved PGM it bounced off the bottom you know I mean gold and silver I mean I don’t do much trading in gold or silver but at least they’re up of everything else everything else is bloody Monday again but everything is kind of Dipping you know but in the grand scheme of things we’re still above 370 for copper nickel’s still

just shitty yeah yeah and you know pgms are still you know they had a good week but they’re still not good you know compared to where we were and maybe we sit there for a while maybe that’s just kind of I was just reading an article I’m probably going to post something on it on LinkedIn today but about um Goldman Sachs they were talking about the 2024 um they feel that they’re ‘s enough structure in place for a 2024 Commodities bull cycle to continue they missed badly in 23 I mean they thought it was going to be strong in 23 and they were wrong um but they feel like the fundamentals are in place still for a 2024 good run and that’s like your industrial Commodities they feel some of your some might be out of um flavor like nickel and zinc um that were kind of the big the big movers in 2023 mhm um just because of electrification of batteries and and all that jazz I think there’s a lot of hype lithium you know hype versus say your more old school aluminum copper you know Commodities silver um oil they feel

like that those fundamentals are going to be strong in 24 assuming we avoid some big massive you know recession and whatnot but so I’m going I I’ll post that article out there probably today just kind of the bullet points of it anyways so that’s good news I was that was welcome reading this morning it wasn’t like the world’s burning it’s coming to an end sell your you know I talked to a lot of people in our local market here in Idaho and beginning of the year it was kind of rough for a lot of these manufacturers a lot of that was they feel was people just being real fearful a lot of news out there but almost every one of them I talk to now are just they’re looking for employee it’s like it was before they’re looking for employees again now it feels real wobbly still I don’t know if that’s fear I don’t know if there is like a a bigger dip coming election years are always kind of forever tricky yeah yeah tricky is a better word than scary but there I think the fear out there is is real and

I don’t know if that’s a real fear or is it just all fabricated I don’t know I think you your fear is what you let it do right to a certain extent I we made money when Bush was the president we made money when Obama was the president we made money when Trump was the president and we made money when Biden was the president like pretty far extremes from one from one to the other yeah so if you sit there and just let it eat you up and just say oh what are we going to do if Biden gets elected again what are we going to do if if Trump gets elected like the same you should be doing today like get up and go to work and put your big boy pants on and go make something happen like yeah I mean that’s what it is I mean and I think that businesses or people individuals get caught up in you know the scariness of politics and they let it drive their overall big picture decisions and I’m not saying that you shouldn’t be aware of what’s going on because you should know

you know what you’re voting for local and National politics but at some point like you only have one vote you only have so much control so why let something like that control so much of your thought process and so when you really have very minimal you have better chance of get hit by lightning we have more control of what we do in our day-to-day operation than who’s the president’s going to be manage your manage your take care your people people I think staying focused on your ultimate goal we like the Marathon you know people get like caught up in the Sprint when it’s a presidential election you know in four years there’s usually another one so in four years that’s not a whole lot of time in a business sense you know so if you plan to have these huge plans in your business you got to keep the train moving and don’t let a president get getting elect that you don’t don’t like deril it that’s how I look at it absolutely I mean you have to kind of be focused on the you know on the the overall mountain and

not like the the short little section of Trail like you gota just kind of just know what’s out there know where you’re trying to get to and enjoy the process but don’t let one little tough switch back like derail the whole climb just go back to the start go back to the car yeah oh that one was a little hard section I’m out I think you have to kind of stay focused on the on the dayto day and grind it out and don’t let you know some big National political deal scare you I mean be aware vote be smart know who’s trying to help you know who’s trying to hurt you and keep the train moving all right thank you Brett thank you everyone I hope everybody has a great finish to November and next Monday man we’ll be chopping up about December here we go love it all right thank you all right have a great day