metal prices!!!!

**EcoSafe** · 01-14-2015, 06:33 PM

I have been predicting this for 6 mo or better. Looks like my predictions are beginning to take hold.

I said China would make a world changing announcement before the Chinese new year.

Today they verified their prediction of Chinas growth will definitely be 5%, down over 50% from 12%.

Copper led the way with a 30% drop on the trading board. Look for another big announcement from China before the second week in Feb. Just my .02

**spinroch** · 01-14-2015, 07:28 PM

Good thing I'm not in this for the money!

**sjones99** · 01-14-2015, 08:11 PM

Real reason copper is dropping is due to US dollar rising...look for it to go down another .20....Bottom is gonna be around the 2.30 mark on comex. Talk is its gonna last for 16-18 months

**ResourcefulRecycling** · 01-14-2015, 09:40 PM

I am going to quit trying to predict. Buy and sell on today's prices are the only way to make money in this business.

**Tincankeith** · 01-15-2015, 05:54 AM

Originally Posted by olddude

I have been predicting this for 6 mo or better. Looks like my predictions are beginning to take hold.

I said China would make a world changing announcement before the Chinese new year.

Today they verified their prediction of Chinas growth will definitely be 5%, down over 50% from 12%.

Copper led the way with a 30% drop on the trading board. Look for another big announcement from China before the second week in Feb. Just my .02

Please stop predicting such bad things! Only positive thoughts please.

**junkfreak** · 01-15-2015, 06:39 AM

Originally Posted by ResourcefulRecycling

I am going to quit trying to predict. Buy and sell on today's prices are the only way to make money in this business.

That's the key to being successful in this or any biz. One the members signature (one of the many mikes I believe) says it all. Profit is in your buying not your selling. I learned this at a very young age and it's served well.

**logansryche** · 01-15-2015, 07:46 AM

I can see how all of this effects those that are in this for the metals, but seems E-Scrapping's stable(unless I'm not looking in the right places). You'd think if the dollar really was going up, metal price would also.

-Matt

**Ewasted** · 01-15-2015, 08:36 AM

Originally Posted by logansryche

I can see how all of this effects those that are in this for the metals, but seems E-Scrapping's stable(unless I'm not looking in the right places). You'd think if the dollar really was going up, metal price would also.

-Matt

Hello
My background in school was Economics, pseudo career as an "e scrap" economist... Stronger USD means it purchases LESS quantity with the same amount of currency.

**junkfreak** · 01-15-2015, 09:07 AM

Originally Posted by logansryche

I can see how all of this effects those that are in this for the metals, but seems E-Scrapping's stable(unless I'm not looking in the right places). You'd think if the dollar really was going up, metal price would also.

-Matt

I really don't understand economic that well either. That's why I call the yards for pricing on a regular basis. And always just before I make a buy. Knowing what I'll make helps me make an educated offer.

**hobo finds** · 01-15-2015, 11:00 AM

#2 ins wire now at $.72 here glad I got rid of a bunch at $.95 in December!

**phred59** · 01-15-2015, 11:06 AM

Originally Posted by logansryche

I can see how all of this effects those that are in this for the metals, but seems E-Scrapping's stable(unless I'm not looking in the right places). You'd think if the dollar really was going up, metal price would also.

-Matt

No, you got that backwards dude. If the dollar is worth more, you get more for it. Including more metal. Means you get paid less for the metal you have.

**hobo finds** · 01-15-2015, 12:42 PM

Kitco - Nickel Charts and Graphs - Nickel Prices - Nickel Quotes, Ni, Industrial metals

Kitco - Copper Charts and Graphs - Copper Prices - Copper Quotes, Cu, Industrial metals

Kitco - Zinc Charts and Graphs - Zinc Prices - Zinc Quotes, Zn, Industrial metals

Kitco - Aluminum Charts and Graphs - Aluminum Prices - Aluminum Quotes, Al, Industrial metals

Kitco - Lead Charts and Graphs - Lead Prices - Lead Quotes, Pb, Industrial metals

**EcoSafe** · 01-15-2015, 12:48 PM

My predictions are based on research. I only try to predict trends good or bad. but Ill stop if you want no problem.

**EcoSafe** · 01-15-2015, 12:51 PM

Originally Posted by logansryche

I can see how all of this effects those that are in this for the metals, but seems E-Scrapping's stable(unless I'm not looking in the right places). You'd think if the dollar really was going up, metal price would also.

-Matt

Actually your not looking in the right place in either case. I wouldn't call a near 50% drop in e scrap price stable.

**travistemple202020** · 01-15-2015, 12:55 PM

sure not happy with this but sure do plan far enough ahead to make sure I have leeway except for crt's they caught me good lol but still indeed looking ahead and researching is a key this I mean I do a lot but not always follow as I only save higher value items and sell everything else.
the one this about lower prices is more work which means others drop out and you can collect and pass go lol

**Ewasted** · 01-15-2015, 12:58 PM

Originally Posted by phred59

No, you got that backwards dude. If the dollar is worth more, you get more for it. Including more metal. Means you get paid less for the metal you have.

Unless you are the seller, you get less money for your material..

**hobo finds** · 01-15-2015, 12:59 PM

Research is creating new knowledge.

Neil Armstrong

Keep keeping us informed olddude! Thanks!

**pjost** · 01-15-2015, 01:01 PM

Yeah, keep up the good work olddude!!! Does your research indicate a bounce back anytime soon?

**DevinThaScrapper** · 01-15-2015, 01:18 PM

Sitting on around 200lbs of insulated strip able, 150 of as is to turn in, and like 100lbs of #1 copper and #2. I'm taking a load in in a couple weeks. Wish me luck

**hobo finds** · 01-15-2015, 01:25 PM

Originally Posted by DevinThaScrapper

Sitting on around 200lbs of insulated strip able, 150 of as is to turn in, and like 100lbs of #1 copper and #2. I'm taking a load in in a couple weeks. Wish me luck

You better call several yards so you get the best price... good luck

metal prices!!!!

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