foreign murder Monday’s here yes let’s get those Bloody Mary’s made because we got some more red in the market man I mean we’re gonna we’re gonna dip under four dollars today I don’t know about today but it looks like it could be coming this week if the trend is your friend the trend is not trending positively for at least for copper um really for any medals right now it doesn’t look like so right now it’s 403 yeah why what happened in 420 why aren’t we at 420 anymore you know I think everybody was they got a little bit ahead of the you know maybe the FED thinking that the jobs report was going to come in softer than it did and it came in you know pretty positively in the form of you know unemployment getting pushed down farther but negatively if you’re looking at the FED slowing down the interest rate rise and and creating a little bit more of a calmer market so you know I I truly believe that you know it’s everybody’s just trying to guess which way the fed and which way that deal is going to go and

then betting you know against it but I don’t know I’m uh I I think that we could be in for I posted that picture of the Bulls versus bear riding the bull I mean it feels like right now if if even if you do have a really if you are in the midst of a bull market man it’s a bumpy ride you’re not gonna it’s gonna do everything you can to bump us off yeah I mean PGM has been getting beat up pgms have been getting crushed the thing that looks still positive is Ferris will you agree with that yeah I think I mean or at least currently man you had to see it you see that big big earthquake that happened over in uh turkey and I mean uh it feels feel for those people there I mean they’re big consumers consumer of it they’re gonna so does that bode well you know for the export side on the East Coast I don’t know um they’ve got some stuff they’re going to figure out in domestically you know in talking to Chad you know our Bulls versus bear bears podcast is now out

and uh you know he talks about the lead times the Mills kind of starting to stretch out a little bit again which is a positive sign for steel but how how long does that last and and you know go listen to Chad he’s a smart guy I love picking his brain on the ferris Market he kind of gives you the you know the it gives you a pretty fair Shake on what he sees um so I don’t know I I feel like obviously February should be a decently good month on the ferris side but the problem is the reason it’s strong I think is just because there’s not a lot of Supply out there you know so if if these steel mills get filled you think they drop the price they get filled because I just don’t know that the demand you know is all the way all the way there but the demand is still a little bit stronger than the supply but the supply being as weak as it as it is and we were just talking about this here a little bit ago and in our meeting is you know I

feel like looking across the board Commodities wise and I mean everything from copper to converters to Steel I mean our volume inputs are down you know year over year you know if the first month of say 2021 or 2022 you know so it’s still early in the year if these volume inputs you know are still slow and they stay slow you know through March April then there’s definitely going to be some you know some uh correction has to happen on in the market whether that’s you know a you know a jump in the pricing because there’s just everybody trying to drag that you’re trying to drag these Commodities out and get get the supply they need or is that a a sign that the economy is uh slower and there’s just not as much being produced you know on the on the scrap end I guess time will tell I mean yeah we’ll see I mean the commercial land it’s been slower so weather is it seasonal um a lot of demo guys don’t see maybe bidding as much stuff I feel like the the Tail’s tale sign is your commercial manufacturing business if

that starts to slow down that tells you what you need to know you know the retail just kind of Ebbs and flows with pricing right good big prices the retail picks up you know and I think that you know on the commercial side that’s when you kind of got to pay attention say okay like if the commercial flow is is slowing down or slower then you you have to recognize that and make that make the necessary adjustments if you if anyone out there listening to this works in the scrap yard let us know where your commercial flow is like let us know I’m curious how across the whole country like where where is everyone else standing because it does feel slow here even on the commercial and I don’t really have to look at the numbers year and year out to have a better analytical answer to that but I mean maybe next week we’ll look at that so yeah I think ultimately you got to get a few months underneath your belt to see how it goes but was it’s been a nasty December nasty January for us weather-wise so we’ll see

what February brings sounds good thank you all right okay bye-bye take care