Todays Current Scrap Metal Copper Pricing at Goldsboro Metal Recycling, NC, 801 N John St, Goldsboro, NC, 27530, Tel (919) 731-5600

Todays Current Scrap Metal Copper

Prices have hit multi years lows

Goldsboro Metal Recycling

801 N John Street

Goldsboro, NC 27530

TEL: 919-731-5600

Scrap Metal copper prices had hit multi year lows this morning on the world markets, so we have had to drop our prices. 

At Goldsboro Metal Recycling we remain doing our best to have great prices for you on scrap metal, copper, aluminum, appliances, copper, and more.

Greg Brown

gbrown@Goldsboroscrapmetalrecycling.com

919-828-5426

Copper Prices

Today' s Copper Prices Hit a New Multi-Year Low (CME graph - cmegroup.com)

Today's Scrap Metal Prices per pound in Goldsboro, NC, 27530, 919-731-5600, copper, Aluminum, Junk Cars, Junk Yard, Salvage Yard

Today's Scrap Metal Prices per Pound

Junk Cars, Copper, Aluminum

Junk Yard, Salvage Yard

in Goldsboro, NC, LaGrange, NC

North Carolina-5/30/14
Sell Junk Cars for Cash
We Buy Junk Cars!

 

 

-Great Prices

-Outstanding Service

-Industrial and Public Welcome

-6 Digital Scales to get you in and out-FAST!

-Junk Cars-We TOW, or you Drive in, or Tow in

 

 

Scrap Metal Recycling prices in Goldsboro, NC Scrap remain mixed this week.  Steel is down a bit but copper is up!  We remain ready to support Companies and Demolition contractors. Time to sell us your scrap metal, for summer cash.

 

If you have a Junk Car around, time to sell that.  The good news is we think steel prices could remain steady for a couple of months.  It is not clear what will happen the rest of the year.  We are hearing things could go down a bit more over the next months, but sorry we do not know. It is even possible that prices could go up!  Yes, for items like copper, you can actually go to websites like www.cmegroup.com and watch the price of copper change every few seconds during the week.  Steel as many know usually changes once a month, but there is even no certainty to that.  As we wrote, there have been some articles that copper could go down next year.

 

Goldsboro Metal Recycling has a goal to always do our best to pay you the most for scrap metal every day.  We also try to communicate the price to make it easy for you.  When you call our phone number 919-731-5600 and you will hear a recording with "Today's prices".  This is for:
 

-Steel

-Cast Iron

-Copper

-Yellow Brass

-Red Brass

-Aluminum

-Aluminum Cans

-Appliances

-Computers

-Electronics
-Junk Cars
-Salvage Cars

-Stainless Steel

-Batteries

-and more.

We continue to have a twin focus for our business,
1) Public
2) Industrial/Demolition customers. 

This means if you are a large Commercial or Industrial company, you should call us at 919-731-5600.  We can give you prices for scrap metal, Cardboard, Copper, Computers and more.

An important part of our company is that we have 5 digital, NC State certified scales that we use to service our Industrial and Commercial Customers.  Almost double our closest competitor, meaning we get you in and out fast and with accuracy!  

Importantly, we sell direct to Steel mills or divisions of steel mills, not to middle men who take a commission, so we pass that savings on to you!

JUNK CARS, Salvage Cars
1) WE TOW-JUNK CAR-JUNK CAR REMOVAL
-Get Cash on the spot
-Any condition, running or not running
-Keys or no keys, engine or no engine
-Call 919-731-5600

2) Drive it in, or you tow it in!
-Get Cash on the spot
-Any condition
-In and out fast!

Come to us at:

 

Goldsboro Metal Recycling

801 N. John Street

Goldsboro, NC 27530

When in Goldsboro, LaGrange, Kinston, Mt. Olive, Smithfield, New Bern, come see us at:

Goldsboro Recycling
801 N. John St.
Goldsboro, NC 27530

Tel: 919-731-5600

www.goldsboroscrapmetalrecycling.com

 

 

When in Wilson, NC, Tarboro, NC, Rocky Mount, NC come see us at:

 

Wilson Metal Recycling JG

404 Maury Street S

Wilson, NC 27893

 

Tel 252-243-3586

www.wilsonncscrapmetalrecyclingjg.com

 

When in Raleigh, Durham, Apex, Clayton, Henderson, Oxford, Morrisville, Smithfield, Wake Forest, Burlington, Fayetteville, come see us at:

 

Raleigh Recycling
2310 Garner Rd.
Raleigh, NC 27610

Tel 919-828-5426
www.raleighscrapmetalrecycling.com

Lastly, see below from one of our Vendors!

Greg Brown
gbrown@goldsboroscrapmetalrecycling.com
Tel 919-731-5600

 

Goldsboro, NC, LaGrange, NC Scrap Metal Recycling

 

Junk My Car, Junk Car Removal, Junk My car for cash

 

Aluminum Can Recycling, cash for Cans

 

Battery Recycling

 

Metal prices firm in recent ranges on upbeat economic data

Posted on May 28, 2014 by Lynette Tan

Base metals consolidated from session highs during late LME trading on Tuesday although the complex looked set to consolidation within recent ranges as macro data supports a firmer economic environment.

The copper price rose to its highest for nearly three months at one stage on Tuesday before settling in range-trade.  The aluminium price peaked to its highest for around one month, while the rest of the metals generally held at steady levels.

There was a string of positive US data releases which supported sentiments - Durable goods orders unexpectedly rose 0.8 percent in April - they had been seen falling 0.5 percent.

The Conference Board consumer confidence also advanced from 81.7 to 83 in May as “Americans turned more optimistic on the economy, stock prices and home values,” according to economists at OCBC in Singapore.

The US stock markets were buoyed by the upbeat US data, which also helped lift the US dollar broadly higher against most major currencies. Meanwhile, the euro was further weighed down by ECB Nowotny’s comments reinforcing market expectation for ECB to shift to more monetary easing on 5 June.

The euro was again under pressure around 1.3634 against the dollar, close to three-month lows of 1.3610.

In the metals, the copper price peaked at $6,966 before closing at $6,934 on Tuesday. Prices are now around $6,924.50, down almost $10 but tightness continued to flare in spreads- the cash/threes backwardation remained intense but has come down from $94 yesterday to the current $83.50.

Aluminium concluded at $1,828.50 and is currently down slightly to $1,824.50 per tonne. Stocks fell 8,650 tonnes to 5,221,950 tonnes and cancelled warrants increased 3,300 tonnes to 2,861,475 tonnes.

The nickel price was last $72 higher at $19,622. Stocks declined 96 tonnes to 280,308 tonnes, while tightness was evident in the nearby forward curve. It traded higher during the London hours yesterday to hit $19,761 as news that protests at Vale’s Goro nickel plant continue to prevent the plant from operating.

“The fact that the market ended the day in the red is a sign that the current bullish supports for nickel in recent weeks now seem to be fully priced in and the price seems set for further consolidation for some time to come,” said a note from Triland Metals.

In others, the lead price at $2,140 is down $2 and zinc lost $4.50 to the current $2,083 per tonne. Tin gained $18 at $23,369 - there was no change in stocks. The cash/threes backwardation has come down to around $15 - at the start of last week it was above $100. ShareThis

About Lynette Tan

Lynette joined FastMarkets after her experience in research and analysis of the commodities market, specialising in precious metals. She is now based in our Singapore office and ensures that metal news in Asia comes under our radar to receive timely coverage.

- See more at: http://www.fastmarkets.com/base-metals-news/asia-metals-metals-firm-recent-ranges-upbeat-economic-data-75838#sthash.16gif0yH.dpuf

NC, Today's scrap metal prices for copper, alumium, junk cars, salvage cars, Recycling Center, 919-731-5600

,  Today's Scrap Metal Prices per Pound

in Goldsboro, NC, 27610, LaGrange, NC

North Carolina-5/15/14

Junk Yard, Salvage Car

Recycling Center, Copper, Aluminum

 

 

-Great Prices

-Outstanding Service

-Industrial and Public Welcome

-6 Digital Scales to get you in and out-FAST!

-Junk Cars-We TOW, or you Drive in, or Tow in

 

 

Scrap Metal Recycling prices in Goldsboro, NC Scrap remain steady this week.  We remain ready to support Companies and Demolition contractors.  If you from the public, come get cash for your metal trash. Time to sell us your scrap metal. 

 

If you have a Junk Car sitting around, time to sell that.  Now copper and steel are up.  As said, the good news is we think steel prices could remain steady for a couple of months.  As discussed, due to soft demand from China, Turkey and the US is doing well, but not great. As said, it is not clear what will happen the rest of the year.  For items like copper, you can actually go to websites like www.cmegroup.com and watch the price of copper change every few seconds during the week.  Steel as many know usually changes once a month, but there is even no certainty to that.  As we wrote, there have been some articles that copper could go down next year.

 

Goldsboro Metal Recycling has a goal to always do our best to pay you the most for scrap metal every day.  We also try to communicate the price to make it easy for you.  When you call our phone number 919-731-5600 and you will hear a recording with "Today's prices".  This is for:
 

-Steel Recycling

-Cast Iron Recycling

-Copper Recycling

-Yellow Brass

-Red Brass

-Aluminum

-Aluminum Cans

-Appliance Recycling

-Computer Recycling

-Electronics Recycling
-Junk Car Recycling
-Salvage Cars

-Stainless Steel

-Battery Recycling

-and more.

We continue to have a twin focus for our business,
1) Public
2) Industrial/Demolition customers. 

This means if you are a large Commercial or Industrial company, you should call us at 919-731-5600.  We can give you prices for scrap metal, Cardboard, Copper, Computers and more.

An important part of our company is that we have 5 digital, NC State certified scales that we use to service our Industrial and Commercial Customers.  Almost double our closest competitor, meaning we get you in and out fast and with accuracy!  

Importantly, we sell direct to Steel mills or divisions of steel mills, not to middle men who take a commission, so we pass that savings on to you!

JUNK CARS, Salvage Cars
1) WE TOW-JUNK CAR-JUNK CAR REMOVAL
-Get Cash on the spot
-Any condition, running or not running
-Keys or no keys, engine or no engine
-Call 919-731-5600 for JUNK CAR REMOVAL!

2) Drive it in, or you tow it in!
-Get Cash on the spot
-Any condition
-In and out fast!

Come to us at:

 

Goldsboro Metal Recycling

801 N. John Street

Goldsboro, NC 27530

When in Goldsboro, LaGrange, Kinston, Mt. Olive, Smithfield, New Bern, come see us at:

Goldsboro Recycling
801 N. John St.
Goldsboro, NC 27530

Tel: 919-731-5600

www.goldsboroscrapmetalrecycling.com

 

 

When in Wilson, NC, Tarboro, NC, Rocky Mount, NC come see us at:

 

Wilson Metal Recycling JG

404 Maury Street S

Wilson, NC 27893

 

Tel 252-243-3586

www.wilsonncscrapmetalrecyclingjg.com

 

When in Raleigh, Cary, NC, Durham, Apex, Clayton, Henderson, Oxford, Morrisville, Smithfield, Wake Forest, Burlington, Fayetteville, come see us at:

 

Raleigh Recycling
2310 Garner Rd.
Raleigh, NC 27610

Tel 919-828-5426
www.raleighscrapmetalrecycling.com

  

 

Greg Brown
gbrown@goldsboroscrapmetalrecycling.com
Tel 919-731-5600

 

Goldsboro, NC, LaGrange, NC Scrap Metal Recycling

 

Junk My Car, Junk Car Removal, Junk My car for cash

 

Aluminum Can Recycling, cash for Cans

 

Battery Recycling

 

Scrap Metal Recycling, Computer Recycling, Electronics Recycling, Goldsboro, NC, 27530, 919-731-5600

Metal Scrap Recycling
Scrap Metal Recycling

Cardboard Recycling

Computer Recycling

Electronics Recycling

 

Full Service Recycling

 

 

Goldsboro Recycling, also know as Goldsboro Metal Recycling and Junk Cars is the largest full service recycling operation in Goldsboro, now operating as part of three recycling centers in the area--Raleigh, Goldsboro and Wilson. Importantly we use our size to better support our customers.  We think big, we are big, but we act small to support our customers.

 

We offer industrial and commercial companies the best in sustainability and recycling programs. 
 

 

The Goldsboro Metal Recycling Advantage

 

Outstanding Service

 

 

Timely Pick ups-We have 14 drivers on our staff along with our Raleigh operation up the road, meaning most pick ups are same day or next day.  We do not outsource the most important part of what you need, we operate all our own trucks.  For special projects we are always ready to run weekends and for our big customers we run 2, 3, 4, 5 and yes even 10+ runs a day, every day for large demolition projects!

 

Great prices-We run two operations (Raleigh, Goldsboro), and partner with a third in Wilson, NC so when we sell our material we negotiate great volume prices, which we pass on to our customers.  Also, we sell most of our material directly to steel mills and smelters, not brokers, meaning we do not have to pay broker fees; we pass savings on to you.  AND-We also ship mostly by railroad right from our sites, not trucks so we have great shipping costs, meaning again, we pass our savings on to you.  Together, due to our internal drive for being "low cost producer", again we pass this on to you, so we do not charge monthly or weekly rentals on any our equipment!

 

Great Information flow-We give you a password to our secure web portal, so you can come into our system and see all your data on shipments, pricing and more.  Also, use our website to request pick ups, or call our phone system, 24/7 to request a pick up.  As for knowing market prices, again, call us 24/7 to hear a recording about "Today's Prices", or call us 8:00-4:30 to ask about services or prices.

 

Great on site Service-If you come to us, we have more scales than any recycling operation in Goldsboro.  All digital, all linked to computers and printers so there is never a doubt as to what you bring us.  Also, due to our shipping much of our material by Railroad, we have a limited number of large trucks moving in and our of our operation making it safer, easier and faster for our customers. 

 

Full Service Recycling-We are not just a scrap metal operation.  We are leaders in:

Cardboard Recycling

Paper Recycling

Computer Recycling

Electronics Recycling

Battery Recycling

Metal Recycling

Copper Recycling

Aluminum Recycling
Aluminum Can Recycling

Stainless Steel Recycling

Plastics Recycling (New)

Wood Recycling (New)

Customer Responsiveness
We are not a big publicly traded company with CEOs, VPs, Boards and Chairman, we are the largest full service recycling operation in Goldsboro, with operations we run in Raleigh, NC and Wilson, NC, yes run by me, so I personally run the teams and I am on-site with my teams and out visiting customers throughout NC and parts of Virgina.  Also, call me anytime at 919-731-5600.

 

 

So, when it comes to looking for a company to partner with for recycling, no need to find a group of companies to cover all your needs.  Call one company Goldsboro Recycling, Goldsboro Metal Recycling, for a "Single Source" partner. 

 

Greg Brown

gbrown@goldsboroscrapmetalrecycling.com

919-731-5600

  

When in Raleigh, Durham, Cary, NC, Apex, Clayton, Henderson, Oxford, Morrisville, Smithfield, Wake Forest, Burlington, Fayetteville, come see us at:

Raleigh Recycling
2310 Garner Rd.
Raleigh, NC 27610

Tel 919-828-5426

www.raleighscrapmetalrecycling.com


When in Goldsboro, LaGrange, Kinston, Mt. Olive, Smithfield, New Bern, come see us at:
Goldsboro Recycling
801 N. John St.
Goldsboro, NC 27530

Tel: 919-731-5600

www.goldsboroscrapmetalrecycling.com 

When in Wilson, NC, Rocky Mount, Tarboro, NC come see us at:

Wilson Scrap Metal Recycling
404 Maury Rd S
Wilson, NC, 27892

Tel 252-243-3586

www.wilsonncscrapmetalrecyclingjg.com

Links

Scrap Metal Recycling

 

 

Goldsboro Scrap Recycling Wishes you a Happy Holiday and the Best in the New Year

Goldsboro Scrap Metal Recycling

Raleigh Scrap Metal Recycling

Wilson Scrap Metal Recycling

 

With the Holiday Season upon us, I wanted to spend some time here to thank all our customers, suppliers and employees for supporting us this year, in the very challenging year is has been. 

 

Especially during these two upcoming weeks and then next year, it would be nice for all of us to remember the best of what we have and think positively about how we can support one another, our neighbors and even ourselves, physically and emotionally in all we do.  Being involved in the community, helping those in need and taking care of ourselves, will bring a better life for all. 

 

I also want to take a moment and remember the many positive things that Calvin Finley, our ex Manager in Raleigh, brought to us.  His tragic death at such a very young age was a great loss to many and especially his family.  May he rest in peace and may we all remember his passion and energy as he supported his family and the community.

 

May you all have a great Holiday, a Happy New Year and thank you again for supporting us this year.

 

Greg Brown

gbrown@goldsboroscrapmetalrecycling.com

Tel 919-731-5600

 

www.raleighscrapmetalrecycling.com

www.goldsboroscrapmetalrecycling.com

www.wilsonncscrapmetalrecyclingjg.com

 

 

 

 

Commerical and Industrial Scrap Metal, Computers, Electronics, Cardboard Recycling

Scrap Metal Recycling

Cardboard Recycling

Computer Recycling

Electronics Recycling

 

Full Service Recycling

 

 

Goldsboro Recycling, also know as Goldsboro Metal Recycling is the largest full service recycling operation in Goldsboro, now operating as part of three recycling centers in the area--Raleigh, Goldsboro and Wilson. Importantly we use our size to better support our customers.  We think big, we are big, but we act small to support our customers.

 

We offer industrial and commercial companies the best in sustainability and recycling programs. 
 

 

The Goldsboro Metal Recycling Advantage

 

Outstanding Service

 

 

Timely Pick ups-We have 14 drivers on our staff, meaning most pick ups are same day or next day.  We do not outsource the most important part of what you need, we operate all our own trucks.  For special projects we are always ready to run weekends and for our big customers we run 2, 3, 4, 5+ runs a day, every day!

 

Great prices-We run three operations (Raleigh, Goldsboro, Wilson) so when we sell our material we negotiate great volume prices, which we pass on to our customers.  Also, we sell most of our material directly to steel mills and smelters, not brokers, meaning we do not have to pay broker fees; we pass savings on to you.  AND-We also ship mostly by railroad right from our sites, not trucks so we have great shipping costs, meaning again, we pass our savings on to you.  Together, due to our internal drive for being "low cost producer", again we pass this on to you, so we do not charge monthly or weekly rentals on any our equipment!

 

Great Information flow-We give you a password to our secure web portal, so you can come into our system and see all your data on shipments, pricing and more.  Also, use our website to request pick ups, or call our phone system, 24/7 to request a pick up.  As for knowing market prices, again, call us 24/7 to hear a recording about "Today's Prices", or call us 8:00-4:30 to ask about services or prices.

 

Great on site Service-If you come to us, we have more scales than any recycling operation in Goldsboro.  All digital, all linked to computers and printers so there is never a doubt as to what you bring us.  Also, due to our shipping much of our material by Railroad, we have a limited number of large trucks moving in and our of our operation making it safer, easier and faster for our customers. 

 

Full Service Recycling-We are not just a scrap metal operation.  We are leaders in:

Cardboard Recycling

Paper Recycling

Computer Recycling

Electronics Recycling

Battery Recycling

Metal Recycling

Copper Recycling

Aluminum Recycling

Stainless Steel Recycling

Plastics Recycling (New)

Wood Recycling (New)

Customer Responsiveness
We are not a big publicly traded company with CEOs, VPs, Boards and Chairman, we are the largest full service recycling operation in Goldsboro, with operations we run in Raleigh, NC and Wilson, NC, yes run by me, so I personally run the teams and I am on-site with my teams and out visiting customers throughout NC and parts of Virgina.  Also, call me anytime at 919-731-5600.

 

 

So, when it comes to looking for a company to partner with for recycling, no need to find a group of companies to cover all your needs.  Call one company Goldsboro Recycling, Goldsboro Metal Recycling, for a "Single Source" partner. 

 

Greg Brown

gbrown@goldsboroscrapmetalrecycling.com

919-731-5600

  

When in Raleigh, Durham, Apex, Clayton, Henderson, Oxford, Morrisville, Smithfield, Wake Forest, Burlington, Fayetteville, come see us at:

Raleigh Recycling
2310 Garner Rd.
Raleigh, NC 27610

Tel 919-828-5426

www.raleighscrapmetalrecycling.com


When in Goldsboro, LaGrange, Kinston, Mt. Olive, Smithfield, New Bern, come see us at:
Goldsboro Recycling
801 N. John St.
Goldsboro, NC 27530

Tel: 919-731-5600

www.goldsboroscrapmetalrecycling.com 

When in Wilson, NC, Rocky Mount, Tarboro, NC come see us at:

Wilson Scrap Metal Recycling
404 Maury Rd S
Wilson, NC, 27892

Tel 252-243-3586

www.wilsonncscrapmetalrecyclingjg.com

 

Today's Scrap Metal Recycling per Pound In NC, Copper, CU, Aluminum, AL, Goldsboro, NC, LaGrange, NC

Today's Scrap Metal Prices per Pound

in Goldsboro, NC, LaGrange, NC

North Carolina-12/2/13

 

 

-Great Prices

-Great Service

-Industrial and Public Welcome

-6 Digital Scales to get you in and out-FAST!

-Junk Cars-We TOW, or you Drive in, or Tow in

 

 

Goldsboro, NC Scrap Metal prices are level this week!  Thanksgiving is over, so time to sell us your scrap metal and if you have a Junk Car around, time to sell that.  We raised prices a few weeks ago, so not copper and steel are up.  As said, the good news is we think steel prices could remain steady for a couple of months.  As discussed, due to soft demand from China, Turkey and the US is doing well, but not great.  Copper has moved up, and then down this week just as it did last two weeks, so we now are paying great prices. As said, it is not clear what will happen the rest of the year.  We are hearing things could go down a bit more over the next months, but sorry we do not know. It is even possible that prices could go up!  Yes, for items like copper, you can actually go to websites like www.cmegroup.com and watch the price of copper change every few seconds during the week.  Steel as many know usually changes once a month, but there is even no certainty to that.  As we wrote, there have been some articles that copper could go down next year.

 

Our goal remains as always to do our best to pay you the most for scrap metal every day.  We also try to communicate the price to make it easy for you.  When you call our phone number 919-731-5600 and you will hear a recording with "Today's prices".  This is for:
 

-Steel

-Cast Iron

-Copper

-Yellow Brass

-Red Brass

-Aluminum

-Aluminum Cans

-Appliances

-Computers

-Electronics
-Junk Cars
-Salvage Cars

-Stainless Steel

-Batteries

-and more.

We continue to have a twin focus for our business,
1) Public
2) Industrial/Demolition customers. 

This means if you are a large Commercial or Industrial company, you should call our Grant Kiser at 919-710-3805 to discuss prices.  He can give you prices for scrap metal, Cardboard, Copper, Computers and more.

An important part of our company is that we have 5 digital, NC State certified scales that we use to service our Industrial and Commercial Customers.  Almost double our closest competitor, meaning we get you in and out fast and with accuracy!  

Importantly, we sell direct to Steel mills or divisions of steel mills, not to middle men who take a commission, so we pass that savings on to you!

JUNK CARS, Salvage Cars
1) WE TOW-JUNK CAR-JUNK CAR REMOVAL
-Get Cash on the spot
-Any condition, running or not running
-Keys or no keys, engine or no engine
-Call 919-422-1519 for JUNK CAR REMOVAL!

2) Drive it in, or you tow it in!
-Get Cash on the spot
-Any condition
-In and out fast!

Come to us at:

 

Goldsboro Metal Recycling

801 N. John Street

Goldsboro, NC 27530

When in Goldsboro, LaGrange, Kinston, Mt. Olive, Smithfield, New Bern, come see us at:

Goldsboro Recycling
801 N. John St.
Goldsboro, NC 27530

Tel: 919-731-5600

www.goldsboroscrapmetalrecycling.com

 

 

When in Wilson come see us at:

 

Wilson Metal Recycling JG

404 Maury Street

Wilson, NC 27893

 

Tel 252-243-3586

www.wilsonncscrapmetalrecyclingjg.com

 

When in Raleigh, Durham, Apex, Clayton, Henderson, Oxford, Morrisville, Smithfield, Wake Forest, Burlington, Fayetteville, come see us at:

 

Raleigh Recycling
2310 Garner Rd.
Raleigh, NC 27610

Tel 919-828-5426
www.raleighscrapmetalrecycling.com

Lastly, see below from one of our Vendors!

Greg Brown
gbrown@goldsboroscrapmetalrecycling.com
Tel 919-731-5600

 

Goldsboro, NC, LaGrange, NC Scrap Metal Recycling

 

Junk My Car, Junk Car Removal, Junk My car for cash

 

Aluminum Car Recycling

 

Battery Recycling

 

Bubble?  Nasdaq closed above 4000 for the first time in 13 years on Tuesday at 4017.75, up 33% for the year.  The last time it closed above 4000 was at the end of the Dot Com boom on Sept 7, 2000.  The Dow and S&P 500 have risen in 8 consecutive weeks, the longest streak in 2 years; all due to the expectation interest rates will remain low in an effort to bolster economic growth.  Many are questioning whether this is just s bubble or if this rally is sustainable.   While the stock market was moving higher, aluminum moved lower with cash closing 1696.5 on Friday, breaching the 1700 floor we have seen as support.

 

Markets will react Monday on China’s PMI data reading of 51.4 in November beating the expectation of 51.1 and the HSBC at 50.8 down from 50.9.  One negative factor for markets is the escalating air standoff over the disputed islands in the East China Sea.  China, the US and Japan have been dispatching jets in that airspace in a public display of military resolve that is making it hard for anyone to back down without losing face.  As we all know, financial markets do not like political turmoil. Other market moving factors this week will be November auto sales, October new home sales and consumer spending, and on Friday is nonfarm payrolls and unemployment for November.