Silver – Aluminum – Mining Stocks

Shark Scrapper Live starts 2024 with a look at prices for silver and aluminum. We also update our mining and precious metal stocks. Our safety note is on RSI and our Biz note is all about taxes.

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Hello Scrappers recyclers and investors welcome to shark Scrapper live where every week we’re talking about stuff going on in the precious metals Market Industrials Metals Market the stocks that are all swirling around this industry of ours and a safety note and a business note to round things out it is

Great to be here in 2024 first live stream of the year is awesome I hope you had some really good winter holiday celebrations and you’re looking forward to a super 2024 speaking of which do you have any plans for 2024 I hate to refer to resolutions you know to me that’s I

Don’t know you know some people still like to make their New Year’s resolutions and that’s great um I kind of set out goals and plans and things like that for 2024 so I’d love to see what yours are in the comments down below so scrapping Irish welcome to the

Show Andrew Powell from New Zealand welcome aboard great to have you here J arat Roger see you scrapping electronic Scrapper ew Mike great to have everybody here um Andrew Andrew pal still wins the award for the longest distance traveled for the uh for the live stream uh and I think the early riser

For the live stream oh man so jarat saying that his goal for the year is to get my his last two houses ready I’m assuming you mean ready to sell uh so yeah that would be a that would be a pretty significant um goal to have uh so and very

Understandable alrighty well we are GNA jump right into our precious medal for this live stream we are talking silver now as always we’re looking at the appx charts uh I am not sponsored by appex but I have used atmex to buy and sell my physical gold and silver uh and that’s

The only way that I recommend owning gold and silver is in uh the actual physical product um investment you can hold uh one of these folks that’s what they like to say oh right there Investments you can hold all right so uh silver spot price

2341 you can see that uh for the week we were kind of flat and we had a nice little jump and it’s been tapering off so yeah nothing to get terribly excited about going on here um our three-day more of that story flat leading up and

Then we came up and now we’re trailing off again for the week uh we see you know our our this this is the trailing off Trend going on here uh has been for a week long here so we’re getting uh more and more into that

Buy area so you know I mean I like seeing the silver prices go down um because that means that you have more buying opportunity uh I like when the prices go up but I want them to go up way up so that I have a selling opportunity um right now we’re kind of

Getting into that buy opportunity still a little bit I’d like to see it closer to 20 for a buy opportunity uh we look at the month and we’re down 2.3% uh so yeah it’s kind of unfortunate if you’re if you’re into the silver uh thing but for the uh thre month or the

Quarter we’re up 8.99 almost 9% so not too bad there you can see down here we were in serious buy territory three months ago at 21 and some change so that was pretty nice year to date we’re down 2.5 and for the year we’re down 3.3

Three and a three and a third uh with a lot of volatility going on throughout the year here so you know if you are a silver Trader you like this volatility because you’ll try to buy when the prices are down in the low 20s you’ll

Try to sell you know when it’s up in the high 20s plus kind of thing and uh you’ll have a lot of churn but if you are careful with how you buy and sell and you’re not getting hit with serious premiums you may have an opportunity to

Make some marginal money there uh on the trades with this kind of volatility going on uh our fiveyear you know you can just see all this volatility but uh you know the real story with silver is you buy silver when it’s in the 20s so that when it gets up

Here in these 40 and $50 ranges you can make some serious change I mean that’s what you’re trying to do when you’re buying your silver um preserving your wealth and then uh you know really trying to knock it out of the park every once in a while when you get these

Spikes which don’t happen as you can see right here here’s this is going back to the mid 90s and you can see we only had this huge Spike once but this was a good year in here for buying and selling well for selling your silver um and then

We’ve been in a buy mode here and now we’re in a we’re in kind of a just a churn going on right here so I um for me anyway I’m not buying any Sil right now um most of you know that we have big plans to relocate here in

2024 so I am building up a cash position uh so that I have funds available to move to move Mr shark and I the house move the business all that kind of stuff so I’m not doing any selling right now and I I mean any buying right now and

I’d really like to see the price go up so I could do some [Laughter] selling yeah baby oh man so what I’m just curious uh what is what do you all consider your buy range for silver uh is it the 20 to $25 range do you want it below 20 to buy

Your your silver uh I’m I’m just curious hey that’s right recycling welcome to the show great to have you here George Richardson welcome to the show so I was asking uh fol folks you know uh what their goals were and um you know Mike uh

Says that his goal is death now those of you that know Mike you know that this is a recurring goal for him uh you know Mike it’s gonna happen you don’t have to make that a goal man one way or another it’s gonna happen it’s just a question

Of how quickly okay you know it’s just you know that’s one of those things that we don’t really have to do anything to try to achieve uh let’s see jarat says that his getting his houses ready uh is for rent not sale okay all right that’s cool

Landlord Jr cat the landlord are you landlord or slumlord so you know there is an issue here jerat the lower the price the more of a premium they want you always got to watch out for those premiums um that’s why I usually avoid Silver Eagle and go with silver rounds and bars from

Respected mints uh because the premiums will be a little lower and you do need to shop around for those premiums that’s why it’s nice to have multiple places to buy your silver and gold from so you can shop some of those premiums and it surprises me sometimes uh the deals that

You can get on uh you know on premiums with when uh when the different uh shops are trying to outdo each other uh so oh jar cat says moving is so fun yeah uhhuh I’m gonna keep that in [Laughter] mind oh man ohay all right

So I want to talk about our uh safety note for the day and um as as you know I like to have usually what’ll happen is something will occur during the week that motivates me or gives me a subject for our silver and the the thing that I found

This week that really came to mind for me was I was testing out that new Dewalt wire cutter that um that I got for Christmas a cable cutter actually and it’s been doing great I mean it has really helped me out with uh with cutting the thicker cable

That I picked up from my one of my electricians getting it into manageable lengths that I can either strip or uh deal with without having big coils of the stuff all over the place which was really nice and when I had my uh manual cutter I had to you know really bear

Down hard on trying to cut those wires the other thing that I’ve been messing around with is when I I’m scrapping computers and I go to cut the wire off of the power supply units you know you get that big thick wire bundle coming out of the the power supply unit and uh

I mean it’s not it’s not that difficult to cut uh with a good set of cable Cutters uh but you know it’s a bit of work it’s kind of some stress on the hands and the wrists as you’re bearing down to cut through all that wire well

Now with the with this new wire cutter that I have man all I got to do is just put the wire in there and pull the trigger and it cuts it without any trouble at all uh and I’ve also you know one of my viewers said hey just just

Keep letting the blade go all the way through and then you’ll be able to just flip it back over to quickly reset it so I’ve started doing that that’s working fantastic so the you know all of this uh is to say that the repetitive stress uh accident are the things that we

Really need to watch out for as Scrappers we use our hands a lot we’re using our elbows a lot uh our shoulders and those repetitive stress injuries can be really tough on us especially as we get a bit older and what you don’t realize is when you’re a younger

Scrapper and you’re doing all this stuff you don’t even think about the damage that you’re doing to your body this constant motion of cutting and SC unscrewing things that can be really hard on all of these joints right all your tendons and the nerves and things

In your hands and your wrists and your elbows uh you can get some serious damage to yourself and it accumulates over time and as you get a little bit on in years like many of us are um that damage can really become obvious and even somewhat debilitating

Um I was reading up on uh they a lot of places call it uh trigger finger syndrome but what can happen is and it can happen with any of your fingers but it’s very common with the fingers that you use to when you’re cutting or when you’re pulling a trigger on something

And what can happen is uh you get the you get this these tears and these buildup uh you know damages to along all of the tendons in here and you can get to a point where your your fingers or a finger is you know gets to the point

Where you can’t straighten it out um and then if that persists for too long then you need to have surgery to be able to fix that so what I recommend everybody do is some exercises like this you know every now and then while you’re in your shop just stop put your tools down

Stretch your hands you know work it all out a bit uh make sure you take a break every now and then that’s one of the best things that you can do to help with the repetitive stress injuries just take a break put the tools down go do something else that doesn’t require that

Motion all the time and uh stretch your hands so that you prevent that damage that could cause near permanent uh curling of your of your fingers uh because boy howdy that’s I can only I sure that’s very painful I mean I’ve had cramps every now and then in my hands

From uh from just working too long putting in too many hours I start getting the cramps in the hands we all get that way we’re like oh no I want to get done you know this this stack of PCS today or something like that and you’re pushing through and then pretty soon you

Know you’re just you just have some serious pain going on there so watch out for the repetitive stress injuries um you you know I mean they can be very painful and sometimes um only treatable with surgery so you want to make sure that you try to avoid

Getting him that far along that uh that you’re stuck with surgery and you know what it’s not just using the tools right because a lot of people can get the same kind of injuries from keyboard and mouse work um you just uh especially if you don’t have an

Ergonomic table or you’re sitting in the same position all the time and your risks your wrists you know aren’t at the right position or they don’t change enough and so you can get some serious damage that way too I think I’m gonna end up with a coffee knuckle Syndrome from holding the

Coffee cup too much all right well our um our industrial metal today uh is aluminum uh and I uh f you know I’ve been looking at multiple sources now trying to find some good charts to use because the old source that I was using kgo.com they don’t have the base

Metal um hey scrap it all great to have you here Urban prospector welcome uh listening while you deliver that’s cool man uh so kitco.com doesn’t have the the the charts that we used to use and uh that’s kind of bumming me out so I’ve been busy looking for other sources and I’m

Messing around with a couple here uh so you know let me know we’re going to look at two two uh different sources today let me know you know what you like or don’t like about the two of them the first one that we’re going to look at

Some pretty basic charts here uh so this is from uh Mining mining.com and uh you know I like the Simplicity of these charts right you got aluminum doll one US dollars per pound you got the 52 we lows and high over here and then you

Can go down here and you can see uh that uh you know we had we were flat through the end of the holidays markets weren’t doing you know anything markets opened up and we see the prices coming down um and what I like about this site what

I like about this site is you know they got some just some pretty basic simple charts you can come over here and you can say uh here’s what the on month aluminum price is uh and you can see right here the current price A1 one per

Pound so you can then go along the line and it gives you the prices at key points um so you know that’s kind of cool it’s pretty simple and you can very clearly see here that for the month the aluminum prices were climbing and then started dropping off here when in the new

Year uh you if we look at the thre month so we go here to the three Monon and again a very simple basic chart hey Patrick great to have you here uh we see that aluminum prices were pretty much dropping off going into December they started climbing from about mid December

And now they’re dropping off again and then um our six-month chart uh you know a lot of variability overall upward going from about 95 cents a pound up to where we’re at right now at a at a dollar one but you know we were up higher at a dollar six so you

Know you can see there’s an overall trend up here um one year and five years so I like the Simplicity of these charts they don’t really though let us look at um you know a lot of a lot of detail or ask a lot of questions and they don’t give us the

Inventories for the London Metal Exchange or comx um and so far the places that I have found that would that would give that uh they want to charge me uh for Access and and I’m not ready to do that just yet so we going to compare this site to trading

Economics now trading economics is has has got a much more robust chart now here we’re in tons you see these numbers are you know you’re like what the what kind of so these are tons all right now what I like about this site is that I

Can go in and I can pick uh what I’m using I can use the straight line chart I can use the candlesticks like we talked about last week um I can also uh so for instance right here we’re on this is this is the one year I can go

In and tell it to average by the week and so we get a little bit uh well all right if when I tell it to go by the week it automatically defaults to five years uh because the chart would look funny at one year

Here um so I can I can adjust the span of the of the period that or the you know the averaging um and this is kind of cool so here we’re looking at the fiveyear and if I zoom in I can you know we’re gonna hang at this point here and

We’re going to expand this chart and so what I’ve done is I’ve zoomed into uh 20 24 going back into 2023 and then 2022 and so here we can we can take this Crosshair thing and we can look at the date and we can see what the price was

And we can track it along so I kind of like that this gives me um quite a bit more information that I can mess around with um and having studied candlesticks you know for me I find these patterns to be very telling uh and you know this is

What you what you expect here you see these these green candlesticks these were the you know these prices are climbing you see this red Candlestick You’re Expecting the drops and here’s the drops coming across here um most times Traders are using this when they’re doing stocks and some people are

Very good at using candlesticks uh when they’re doing their stocks now for for us uh I I mean I’m not I don’t use this really for um you know for the metals I just happen to find this to be very interesting to look at it this way uh

But the other thing that I like here is this is the summary chart you see up here this is the summary chart and if you go up to the top it will give you some explanation for what’s going on so aluminum Futures fell below $2,300 a ton um because there was an

Explosion at a box site mine in Guinea uh uh Guana excuse me and that me that took out the fuel supply so they weren’t able to process and folks got nervous about that then the UAE stepped in and said you know we’re gonna we’re g to you

Know put some money at fixing this so that sort of stabilized the prices so I like this summary that they provide as well that you know to help you a little bit uh the other thing that I like is this forecast tool that they have so this is uh these are technical forecast

Tools here uh and you know I mean essentially what they’re saying is that we should expect the aluminum prices to come up a little bit right but we’ve got this ban that they’re gonna that you know that the that the prices should probably fall within and if you look at this band you

Know you’re saying to yourself okay that’s not really telling me a whole lot but if you look right here at this Gray Line you can see that what they’re saying from a technical perspective is there might be some increase in aluminum prices coming up in the future here um

So you know that uh that’s good news for us because um we haven’t been doing really well with aluminum prices in in the recycling world uh so it would be nice to see aluminum prices come up and that would therefore drive up the aluminum recyc the prices for scrap

Aluminum uh that we’re really interested in so I uh I like this this site here uh I’m just I’m curious what you all think about it and if you have any favorites on on um you know between these two I’m going to keep looking try to find even

Better information or you know spend some time trying to better understand all of these things uh that that are available to me on these charts to help us all out I think the bottom line for us is for aluminum so let’s go back to aluminum let’s look at one year and

Let’s uh zoom in on what’s happened here for the last few months here and we see that you know we’ve just got a lot of volatility going on with our aluminum prices um probably got a little bit more downward action going to happen over here um you know aluminum for me is

Paying the bills right it’s a cash flow metal for me so uh I don’t stockpile it uh with the exception of some of the wire that I get out of the insulated aluminum wire which I will use for future casting projects when I start casting uh but for now the the rest of

The aluminum that I get the sheet aluminum the cast aluminum that kind of stuff uh that’s paying the bills it’s cash flow for me so when I have a bin full I take it in I try to take some sort of aluminum in every week as part of my cash

Flow all right so scorpion medals is saying that he just needs the secret to getting rich fast don’t we all man don’t we all man I wish you know I wish there was a secret to it right um there’s uh there’s there’s a a lot that goes into it um I

You know there’s a book that I read a while back um the millionaire fast lane uh and it talks about you know what the what this author did uh that allowed him to get rich quick um you know there’s no secret One path fits all way to make it happen um

There’s a lot of different uh paths that everybody takes to get there uh and we just we have to keep working at it and figure out what’s going to work for us um you know certainly one of the worst things that you can do to get rich quick is to have a job

Because your salary is taxed uh and uh you know so you’re paying a lot of other people before you actually get paid uh when you have your own business you have the luxury of paying your taxes uh later on um and that’s a good thing but that also leads us to our business

Note uh for this week and that business note is taxes why because it’s the end of the year and the end of a quarter so here you know and this is mostly for our us-based people but you know most small businesses in the United States work on

Calendar year so that means that we have finished our last quarter from 2023 so we are you have to calculate things like your re-employment tax your sales tax uh and then because it’s the end of 2023 you got to get all your tax information together for your uh annual filing to the

IRS uh I am not a tax accountant a CPA n any of that kind of stuff so uh you know make sure that you are checking with an accountant a certified uh tax you know tax attorney whatever structure that you have for your business so that you’re doing it

Right uh there are a lot of tax advantages when you own your own company uh so things like your expenses that are legitimate business expenses uh those are tax deductible when I went to vidsummit this last year when I went to the isri conference I registration

Fee my hotel bill my airfare all of that was tax deductible because it was a part of the normal operations of my business when I get the truck work on um that you know there’s a couple of ways that we deal with that you can deal with your vehicle C

Costs uh my accountant has determined that the best thing for me to do is just take the mileage deduction for the truck so I keep a vehicle log log up all my miles at the end of the year there’s a rate that the IRS applies and that’s a

Deduction uh to my taxes uh some places you will just keep track of the actual costs that you use on the vehicle so your fuel your maintenance your tires you know those kind of things um but those are only available deductions if you have a legitimate

Business so if you’re doing it as a hobby then uh you can’t take those kind of deductions so you want to be really careful with uh you know with what you are reporting for your taxes and if you have any questions at all make sure you talk to a tax

Attorney a tax accountant a CPA and uh you know don’t try to wing it yourself because that’s a really good way to get in trouble U my accountant is very helpful she goes through all the books at the end of the year she’ll suggest things she’ll ask questions um

To try to help me save on my taxes and of course I always tell her that if there’s any question about which way to go on something I will pay the taxes because I don’t want to have the IRS knocking at my door telling me I owe

Them money and oh by the way here’s what the interest is and here’s the fines and it just snowballs out of control very quickly I would much rather pay them a little bit extra and have them return it to me um you know I mean ideally we

Would break even and I would pay the right amount and there wouldn’t be anything going one way or the other so um taxes really important this time of year plus here in the United States you need to start getting your taxes ready for uh your April filing for your

Personal taxes and all that’s got to be done uh as well so uh get to work on your tax paperwork if you haven’t already um and I’m just curious how many of you uh are you know have to and you know this could be personal so you don’t

Have to put anything down of course if you don’t want to but you know if you’re paying quarterly estimated taxes or if uh you’ve got uh you know you you’ve got other filings that you have to do in your state so for instance here in

Florida because I am an SMR um and a and a registered business I am supposed to collect sales tax whenever um I I buy you know whenever somebody is is um buying something from me here in the state right so um if I sell like one of the Vintage

Computers to somebody here in Florida I’m supposed to collect sales taex um now I haven’t done any of that yet um uh the products that hey Nick uh welcome great to have you here um the products that I have that I sell are you know the the Commodities the recyclable

Commodities so those are not taxed uh but you know if I was to sell some of the Vintage computers or something like that um to someone here in the state then I would have to collect sales tax and then at the end of the quarter I

Have to report and remit that sales tax to the State because it’s state money not mine so uh I I’m just curious if any of you have similar kind of situations that that you deal with all right well um enough of taxes don’t want to bring you down right away

On the new year and talk about taxes too long uh so uh it’s time now to get into our stocks for uh this discussion and I was really excited when I got the value line addition this week now remember um I use the value line investment survey

As my primary source of information when I talking stocks I am not sponsored by them however if anybody from value line ever watches this and you guys want to want to talk to me about sponsorship I’ll be happy to do that um value line investment survey

Does not take any advertising uh so this is all subscription based there the information that they give us is straight data and unbiased analysis of the data um I find that to be extremely important um when I’m looking at the things that I’m going to invest in it’s

Also important to understand that I’m not a certified financial counselor or planner I’m just sharing with you what I do when I’m looking at the stocks that I want to invest in um many of you that have been with me now you know the you know the drw you

Know how we do this um and we are ah scorpion M scorpion medals is saying that he collects uh State uh sales tax on coins and oh all right cool very cool um all right so um our stock for this week this Edition had in in uded in it precious metals

Industries and the metals and Mining Industries so that was really cool now what’s not really cool is that there aren’t that many companies in either the precious metal Industries or the metals and Mining industries that are qualified by my standard for consideration um if you’ve been with me

For a while you know those qualifications are that they have to have had at least 17 years of increasing cash flow per share earnings per share or dividends per share however I will allow them a down year or in the case of dividends per share I will allow them one flat year no

Down years so when we look at these stocks I take the data from value line investment survey I put it in the spreadsheet and the only one of the precious metal companies that are evaluated by value line and that’s let’s see one two three four five six seven8 nine 10 11 12 12

Companies that they uh survey uh only one satisfies my requirement so that’s Royal gold Incorporated their yield is 1.3% and that’s on a share price of $120 42 2 cents they’re qualified because they are a div zero so you can see right here 17 years of increasing dividends per share

We call that a div zero because they had no flat years if we look at this graphically what we can see is that the dividend Line This Gold Line has trended up not fantastic not as steep as we’ve seen from a lot of other folks uh but

Generally Trends up and if we look at the cash flow and the earnings while they are not qualified for these we do see that these these lines do tend to Trend up which is a good thing for a company right uh and uh you know the real issue for me though is at

1.3% this is not a very good dividend stock it’s just you know why would you when there’s why would you do that I mean there’s you can get better money on off of a savings account and it’s a lot safer um but there’s a lot of other

Reasons why you would own stock so if we look at what the investment line survey has to say about Royal gold uh they say that uh these Shares are not a timely choice for the year ahead uh although there may be some recovery potential and they believe that

The company is in a good position to grow its royalty and stream portfolios uh so this is something important so let me read this description of the company Royal gold acquires and manages precious metal royalties and metal streams the company focuses on financing projects that are in production or in

Development stage in exchange for royalty interests so they are not actually a mining company but they finance the mining companies so what that what that means is that with high interest rates right now uh Royal gold is an attractive option for mining companies to use for financing rather than having to go to

The banks for the money uh so um yeah higher interest rates and Tighter lending standards are a boon for Royal since its streams become more attractive to miners looking to raise Capital uh the company has added about a billion dollars in new streams and royalties over the past year and we

Expect this trend to continue in the coming 18 months thus patient investors should do well with the stock over the poll 2026 to 2028 so yeah it’s not a great dividend stock but if you’re looking for something that’s going to increase in value over the longer Hall uh this might be a place

To put it if you want to get into you know something that’s in the mining or the metals are mining kind of World um I am not uh invested in this and I have no intention of investing in it it just just that dividend does not appeal to me

At all and I don’t I don’t need to add it to my portfolio for anything at this stage now we were talking about aluminum a little while ago so uh why not talk about one of the aluminum companies that I think just about everybody knows Kaiser Aluminum uh Kaiser Aluminum produces semi fabricated

Specialty Aluminum Products the company officers rolled extruded and drawn Aluminum Products used principally for Aerospace and defense Automotive consumer durables electronics electrical and machinery and equipment applications they have 13 manufacturing facilities one in Canada and 12 in the United States um so uh Kaiser Aluminum interesting story here so they’re 4.6%

So that gets my attention 4.6% and the price at $67 that’s not too bad that’s you know that’s not a bad place to to be getting in um they are not qualified by cash flow or earnings per share and look at that they’re not really qualified on

Dividends per share however this is a forecast so um the the the question will become does this does this uh hold true if this holds true and they do not increase the dividend in 2024 then they would not be qualified right now they are technically qualified because if you do not include 2024’s

Forecast then they would be a div one because they had this one flat Year back here so Kaiser Aluminum is something that I would consider investing in if I was buying stocks right now but again remember I’m going to be relocating in 2024 so I need to build up a cash

Reserve to help me with that uh with that move so I’m not making any major moves the in the stock market right now uh let’s see what the uh analysts have to say here uh long-term growth prospects appear sound the company stands the benefit from the ongoing transition to hybrid and fully

Electric vehicles and the trend towards making them lighter which means using more aluminum further the defense industry has been a source of income for the past 25 years uh and they don’t see that going away anytime soon in fact that will probably pick up um and the company has acknowledged that they need

To do a better job of their focus on the defense and Munitions manufacturing meanwhile the push across the economy for the organization to become more sustainable should also uh help stimulate aluminum demand because of its lightweight strength and recyclability and um there’s a lot of effort to try to

Make recycling uh of aluminum uh more of a move as well so Kaiser Aluminum uh is a contender for those of you that want to uh look at investing in a minor or a metal company um and of all of the precious metal companies and the mining

And metals Industries uh that were uh analyzed this is the only one that uh not only qualifies kind of qualifies right you know is qualified but could become unqualified but has a dividend that high enough that it has my interest um so let’s see here what was

Going on while I was relaying all of that information let’s see what kind of comments we’ve got uh going on here I’m going back up okay ah let’s see uh going back up through the comments here so Homer says uh he’s using ETFs for the metal industry makes makes good sense ETFs are

Are you know a very interesting way to um to do to manage your investment uh you get access across a number of companies that way so uh there’s absolutely nothing wrong with that I really you know um I I ought to take a look and see if there’s

Um if there’s a way for me to access ETF information through my value line subscription um they may have you know that information doesn’t come to me in my weekly newsletters that I get from them but I may be able to access it and

Take a look at some of those ETFs in a different way but still have the value of the um independent unbiased anal is from value line to take a look at that so we’ll see what we can come up with there H Jr wants to know if I’m doing a diddy

Move for those of you that aren’t familiar with some of the military military terminology uh Diddy move is when in the military when you move yourself so when you’re in the military and you relocate from one station to another the military pays at least the United States military pays to move you

And you’ve got two primary ways to do that you can have the military bring in a moving company and they’ll pack up all your stuff they’ll bring it to the new house you unload everything uh or you can do a diddy move where you do it all

Yourself and the military pays you uh to do the move um so um uh this will this I don’t know how this is going to play out jrat combination most likely there’ll be some things that will just move ourselves other things that I’m going to have to

Just pay to move I mean you know I’ve got some big furniture and I got some big equipment uh in the shark cage that I’m not going to be loading up and moving myself so probably a mix uh so Matthew wanted to know if I’m moving out of Florida yeah that’s the

Plan Matthew uh we are moving out of Florida most likely we’re headed to Asheville North Carolina okay let’s see hey solar it’s great to have you here welcome to the show uh we’re kind of get we’re in the wrapup stage here but it is great to have you

Here raffle Scrapper welcome glad you could make it sir all right so I didn’t see any other comments on the metals or the mining industry or other comments on uh taxes okay so Matthew says heard well South Florida I’m sure we’ll miss you yeah well we’ll miss you all too um I I

Probably will still be doing some business down here uh I’ve been talking to the yards that I do business with here on a regular basis and uh we’re going to figure out how we can you know keep doing it um you know I’ve got uh

I’ve got a couple yards that I buy e-w from and uh they want to keep selling the ew to me so uh you know I’m GNA have to figure out uh either an LTL shipping option or what I can do to continue the relationship because we’ve been doing

Business now for four years it would be a shame to lose that business and it’s an important business for them as well because because you know they want to keep uh they want to keep selling that material and and uh you know we’re we have gotten to the point with each other

Where we don’t even have to you know it’s like we we’ve set a benchmark if shred steel goes below a certain price then what I pay for the computers goes down to a certain price and if it’s above a certain price then I raise what I pay them I can’t reveal the details

Because that’s part of our agreement is that I don’t share the details um but it’s nice to have a relationship like that with the people you do business with where you trust each other enough that you know you don’t even have to ask

I I get up to the to the window and and the lady there just ask me what are we what you what are you paying this this [Laughter] week um the qu that’s a that’ll be an interesting question man um I don’t know for sure what I do know for sure is my

Least exp expires the end of April uh excuse me the end of May uh so um I and I’m not going to renew my lease with this company so uh you know for the for the business location so the end of May is like you know one of those

One of those lines in the sand that uh that that is going to drive a lot of what of our decision making and we’re talking with some real estate agents about when to put the house on the market um you know the timing for that I’d like

To have it all synced up so that we get the house sold and you know it correlates closely to when my lease expires and so we got to get that all figured out a lot of irons in the fire uh this year with stuff that’s going

On so give me a call drop I mean you know drop me an email or or whatever and uh we’ll figure out a time when uh when you know if you want to come up and we can talk uh that’s cool or you can you know I’m happy to help you out online

Too you can always email me at sharks Scrapper gmail.com send me pictures and we can talk through uh you know whatever it is that you’re you know you have questions about yeah another move and this is a big move uh solar because I’m not just moving to the other side of town I’m

Moving to another state so uh it’s like an 8 Hour eight hour drive um and uh yeah it’s it’s GNA it’s uh it’s it’s going to be U it’s a big one uh you know they’re they’re very flexible jrat uh it’s some new owners in

There and um right now uh you know I’ve I’ve I’ve told them that I don’t intend to renew the lease and what my plans are and they’ve said no problem if you need to go early we can advertise the space and if we can get somebody in there we

Can let out of the lease early um if if if we get snagged up they’ll be happy to go month to month of course that means that the lease is going to go up uh right because that’s the way that game is played um so um I’ve got a real good

Relationship with the landlord so we’ll we’ll see what you know I’m sure that they’ll be flexible and work with me if necessary um they’re doing a great job of moving in the new landlord actually bought the building to bring their own business into the building

So uh they took all of the empty bays and they have they’ve gutted them and completely uh refurbished all of the empty Bays the new company makes active wear so gymnastics kind of clothing leotards and those kind of things uh so they’ve uh they’ve done a they’ve done a

Great job of getting the building uh you know getting the inside of those spaces cleaned up and looking real nice uh and I’ve been helping them out with some stuff here and there as necessary uh and they’ll be moving in this month to they’re moving their operations in this month now that

They’re done their Renovations uh so I’ll be able to uh meet with them on a regular basis now uh and um they you know they’re undecided on what they want to do with my space when I leave they may use it for storage or they may lease it out they they’ve

Been so focused on getting themselves moved into the building that they haven’t really thought through what’s going to come next um whereas that’s all I’ve been doing is thinking but how am I going to move that great big floor scale how am I going to move the Genie Lift I mean

Those things are heavy um and um uh that’s just going to be a real pain in the pudus to do all that [Laughter] mov oh man oh Matthew you’re welcome man hey uh you know uh we’re all little guys in this game right uh if you’re not a royal gold

Or a Kaiser Aluminum or a CMC uh metals or somebody like that we’re all little guys in this game and by working together we can help each other out and um and try to do you know uh uh at least hold our own against the big

Guys uh so and you know I tell you what um uh since I’ve got a few minutes I do want to touch on that when I was at the uh isri Southeast region conference The Institute for scrap and recycle Industries uh I was at the Southeast

Region conference a few months ago and I I got to meet some of representatives from these larger recycling companies um you know the big names that you see the ones that are all across the country that you know they have facilities all over the place

And um I was joking around with the one guy I said you know you know I’m I got a YouTube channel I talk to a lot of small Scrappers um people that are referred to as Peddlers uh that you know the folks that the hobbyists that bring in their

Material to sell and I said you know it’s a you know that there there’s there’s a LoveHate relationship that goes on and they they said yeah they said you know it’s they most of those larger companies uh will will admit that it that the Peddlers the folks that are

Bringing that material in they’re important customers uh you know you would think that the big industrial players are the ones that um you know that they would die without these big industrial customers and there’s a certain amount of Truth to that but they said you know the amount of material

That that the Peddlers bring in on a routine basis you know every day there’s this constant inflow of shred steel and aluminum and copper wire from those little guys like us they bringing in the pickup truck loads or the pickup truck with the trailer loads you know they’re

Only a couple hundred pounds 400 pounds those kind of loads but it’s every day and there’s a lot of people coming in every day bringing those loads and those are really important to those big yards that they continue to have that inflow of material so yeah just because we’re a

Little guys you know on in the game uh little players in the game we should not at all feel like we’re not doing something that’s important that’s necessary and you know that that that we’re not a bigger part of this industry than what we are so uh you know I would say anybody

Feels like you’re one of the little guys keep at it because we’re all really important in this Matthew says he’s an hcav guy and yeah well and you you got a lot of it man so that’s a great thing for you to do because um you know I have

Some HDA uh HVAC folks that are uh clients of mine and um you know I help them out because uh I buy the stuff from them so they’re still getting their money but they don’t have to mess with it anymore or take the time going to the yards or those kind of things

So uh raffle Scrapper says I don’t imagine if I need to move from here but I know one day it’ll come yeah I remember when you were looking at that one Farm man that one Farm was looking sweet I remember that farm you looked at

That was that was really good uh yeah I will be closer to board sort um so uh and and the shipping will be less expensive absolutely so there will be some benefit to that um Mr Matthews welcome great to have you here sir uh hope that you’re feeling better now I

Know you were under the weather for a little while uh let’s see I work with scraps City and I think I have a location down by you mine is in Del yeah okay all right uh and he got upgraded to a commercial account this yeah that’s very cool that’s very cool yeah commercial

Accounts when you get upgraded to a commercial account it it can help you out because you can get some better prices that way uh and a little better reporting from them and stuff like that uh so the commercial accounts uh if you become a commercial account for someone

It’s it’s really good I didn’t realized that my that the yards around here had uh put me in as a commercial account and uh it was funny because I was just talking to to a to a local Scrapper one day and we were talking about the prices

And I said yeah they’re paying you know blah blah blah whatever it was and they said what really that’s not what they paid me and I was like oops but you know he he he figured it out right away he’s like oh yeah you must you must have a commercial account

With him so you know he wasn’t upset he understood um but uh you know that’s good when you get upgraded to uh to a commercial account oh and they even gave you a Christmas card and a bottle of champagne and cookies now that’s awesome man sweet always good when you know you

Get the I don’t drink anymore so the champagne wouldn’t do anything but the cookies man sweet uh yeah man uh so oh yeah that place got FL would get flooding yeah that would suck that would take all the fun out of wouldn’t it I

You know I was looking at a place up in North Carolina and the price was uh you know was was very reasonable and I was scratching my head going why is this so reasonable so then I pulled up uh the um flood plane surveys and I figured out why it was so reasonable

Because they were uh probably half the property was well inside of a flood zone and uh not even a 100-year flood zone it was like the 10year flood zone so it was like yeah it’s going to get flooded and it’s going to be a mess and we’re not going to do

That oh man hey scrapping Irish uh let me know if you’re about ready to take it over man because I’m about ready to hand off to you here um if you have autoplay enabled when I end this stream you will be Auto redirected to scrapping irish’s

Live stream hey eways Jill uh great to have you we’re about ready to wrap up though uh but you’re welcome to join us on the other side of the pond in Ireland um so um again if you have autoplay enabled you will be redirected to Ireland where we will be

Joining uh scrapping Irish in just a couple minutes he just said give him a minute to get his live stream up and running so we’re going to talk for a minute here uh while he gets going yeah you know um that’s really important uh that you check the flood zones

Especially anymore these days because I mean it was always important but um especially in coastal areas the flood zones have become more and more of a problem uh here in Jacksonville when we’ve had some of the near Miss tropical storm storms the Hurricanes the flooding uh in the coastal zones became

Really problematic and uh homeowners and businesses that had never had flooding you know in the in all the years that they’ve been here are now starting to get flooding and that’s a uh that’s a a real serious issue so uh it’s it’s something that you got to pay attention

To um you know just uh no matter what you’re doing um and it’s it’s been a really interesting learning curve for me as I have uh been looking at buying a business or buying land um uh because I’d really like to own the property now

And um all the stuff that you gotta that you got to think about when you’re actually going to own that business property instead of just lease the business property um you know it’s a it adds a whole new level uh to the interest and the complication uh so what

We may end up doing for North Carolina is I may end up leasing again when we first move up there because uh you know I want to get up there and kind of get settled in and get to know the area and and in a lot more

Detail than what I do right now we’re going to take a trip up there here in another month or so so that we can be up there during the cold part of the year and get a feel for what it’s like up there during the winter part going to

Meet with the folks that I’ll be doing business with up there and I’ve identified a couple other businesses that I want to meet with when I’m up there um so really need to develop my understanding of that area but I think before I buy something so

Probably the plan is going to be that I’m going to lease again for a couple years and you know that’ll let me work my way into a good piece of property to buy so um we’ll see and I’ll keep everybody posted because it’s going to

Be a really weird year for me and um I want to share that weirdness with all of you so oh by the way it’s the last year oops last year last uh yeah week for the tree so the trees going to come down this week uh so next year um next year I

Mean next week next year next week no more treat uh Urban Prospect sure have you ever compared stocks using their keger or beta numbers um so really good question and because I’m looking at the because I invest in stocks for dividends um keger and beta

Are not as big a thing for me um uh you know certainly if you’re looking at trading stocks beta becomes a much more important number U and uh you know for me I want a good stable therefore you know low beta and good dividend kagar I’ve got a real issue with because I

Tell you when I was when I was working in Industry uh as an executive at a couple of companies and you know they you know the uh some of the other execs would be pushing keger and it’s just there’s there’s some challenges with that number that don’t reveal all of the

Stuff that goes on behind the scenes um so um I don’t really look at keger a whole lot uh I mean it’s it’s something that depending upon what you’re doing you want to look at it right I mean you’re not going to get into an industry that has that doesn’t have a decent

Keger uh but um as far as applying it to a stock that I’m going to invest no not really uh let’s see e-w Jill altitude equal snow uh yeah you know what it’s it’s funny but uh I’ve been joking around with with Kelly Mrs shark uh about you

Know when we move up there I’m probably GNA need to get a tractor uh you know so um now it may be that I get a tractor that can also be used as a forklift and a snowplow and a lot of other fun things so there’s going to be some uh benefits

To that right wrong keger Jr cat wrong keger [Laughter] man all right y’all um I’m sure the scrapping Irish is ready and waiting for us so I’m G to wrap this up I will see you all on the other side of the pond in Ireland if I don’t

Um then have a great week and remember if you don’t have autoplay enabled then please go to YouTube look up scrapping Irish and join us uh in Ireland for his live stream it’s going to be a lot of fun have a great week everybody we’ll see you on the flip side