Where is the Copper Market Going? 4/24/13

Posted: April 24, 2013

Scrap Metal Diary- Log 10121.
Here we are in the midst of a crazy scrap metal market. Where is the market going to go everyone keeps asking me…my answer. 
If I knew where the market was going to go I would be retired, in one of my vacation homes, and golfing…I would not be worried about where the market is going. 
With metals all over the place I think that we might see the market tip down a little more. While it is 4/24/13 and the scrap prices seem “low” to many people, I still think that they are very strong.
People ask me if they should hoard their material and not sell it until the market bounces back up, my answer is simple. I don’t save and I have a hell of a lot more to lose then you do on a scrap load, so cash in while you can.
Just my opinion…quick strip, flip, and cash in.
Tom Buechel,
Owner, Rockaway Recycling