Today’s, Goldsboro, NC Scrap Metal Recyling Prices for Copper, Aluminum per pound

Today’s Scrap Metal Prices per Pound
in Goldsboro, NC, LaGrange, NC
North Carolina-12/16/13
 
 
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 are level this week,!  We remain ready to support Companies and Demolition contractors.  If you from the public, it is Christmas.  Get Christmas cash, come see us.  Time to sell us your scrap metal. 
 
Many want to know what will happen in the future to scrap metal prices.  See two articles below.  One about CAT (Caterpillar) that sells equipment for mining metals and the other about Apple.  All apple phone are made in China.  Scrap Metal from the US goes to China and is used in Apple Phone.
 
If you have a Junk Car around, time to sell that.  We raised prices a few weeks ago, so 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.  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.
 
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 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

 
 
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
 
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
 
 
 
 
 
Apple’s China Plans Could Provide Momentum Through $575, On The Way To $900
Dec 16 2013, 08:14 by: Quoth the Raven  |  about: AAPL                   
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. (More…)

It’s no secret that Apple (AAPL) has been gaining momentum in China. Coinciding with the launch of the 5C/5S, Apple’s market share in China has jumped dramatically, and it’s looking more and more like the company is not going to have any trouble monetizing the Chinese markets via its deal with China Mobile.
(Source)

(Click to enlarge)
And although neither company is openly admitting it, there seems to be demonstrable evidence that Apple has reached a deal with China Mobile – with China Mobile going so far as to show a picture of on iPhone on its website. Usually, that’s a dead giveaway.
A deal with China Mobile (CHL) would open Apple up to hundreds of millions of potential iPhone buyers; more importantly, a market that Apple hasn’t even begun to infiltrate. Fellow SA Contributor Trefis argues that this could be a $45 billion opportunity for Apple – and I agree.
Which leads me to how this could catalyze a stock run through $575 that could eventually push towards $900 by 2015. Trefis notes in their article that this could push Apple to as high as $650, but I believe that once the $575 mark is broken, the next stop could be as high as $900 in the coming two years.
Apple is one of the most highly covered stocks in the history of the stock market. It’s followed and analyzed almost everywhere – on all blog sites, on all financial TV networks, and across all other types of mediums – including impromptu discussions at airport urinals amongst business types.
With Apple’s coverage and popularity now, it’s likely that Apple is one of stocks most susceptible to the 21st century world of high speed trading.
In case you’re not familiar with how things have changed over the last 20 years, the days of traders running around on the market floor executing trades have been replaced by algorithmic programs written by MIT graduates that do the thinking, trading, and executing automatically.
Now, the guys you see running around on the NYSE and NASDAQ floor in the background of CNBC, I assure you, are simply running to get their new computer overlords more coffee (to be inserted via USB 2.0 port) when the computers demand it. Otherwise, the computers might simultaneously discontinue the coffee-runner’s health insurance, cancel their home heat, and make their Netflix only play non-stop 15 hour chunks of CSPAN. The machines have taken over.
We can’t stop this evolution, as the sea change has already taken place. However, we can be aware of the increased importance of thinking like a machine, charting, and trying to profit from it. I’ve laid out in a previous article exactly how I feel about charting:

Charting, as I often state, is a love/hate relationship. I dislike it because I don’t like the notion of trading a company based on the chart without the fundamentals, but in the computerized algorithmic world of trading that exists nowadays, it’s a necessary evil. You have to think like a machine in order to make moves that will preempt computerized runs and raids of stocks – and that’s why I think charting is a necessary evil.

It’s important to hammer home the sentiment that I use charting as a supplemental tool, and you should do the same, too. Never base decisions strictly on how a chart seems to look — RSIs can stay oversold/bought, stochastics the same. There are no definites with charting and technical analysis, don’t forget that.
Having said that, with charting never being more popular than it is now, combined with the major coverage on Apple and the amount of money that changes hands over Apple stock on a daily basis, I think it needs to be taken into account here.
Long story short, I don’t often agree with chartists, but in an article this morning on CNBC.com, I couldn’t agree with Carolyn Boroden of FibonacciQueen.com:

That’s because $575 is a key Fibonacci level representing the 61.8% retracement of the swing from the September 2012 high to the April 2013 low.
Because Apple already tested that $575 level last Thursday, and quickly pulled back 15 points, the next pass may be a make or break moment for shareholders.
That is, if Apple breaks above $575 on its next run higher, the pattern would be considered bullish. However, if it fails, Apple would make a double top at $575, and that would be bearish. Should that happen, a correction may not be far behind.

Actually, all three chart mongers in the above mentioned article all have their own technical reasons why Apple could be poised for an “epic” long term run. Out of the three, the $575 point was the one I had deduced on my own just yesterday before reading it here – and I couldn’t agree more. What does this mean?
Here’s how Apple looks today:

(Click to enlarge)

$575 could very well be the key. There will be a double top established in the short term if Apple cannot break through it. That would likely mean, at least in the short term, a pullback.
But, now onto the other scenario.
If Apple does break through $575, it’ll likely head to $600, where if it forms a cup and handle pattern, it could mean something very lucrative in the long term.

(Click to enlarge)

If Apple starts to get really bullish again, this multi-year chart shows you just, exactly, how Apple could very well be on its way to $900 in the coming years.

(Click to enlarge)

So, there’s quite a bit to watch here with Apple over the coming weeks. Is there a chance that $575 is going to be the key to unlock all of this? If Apple continues to perform well as a company and grows in China as expected, then yes. However, I’ll reaffirm all of my previous caveats about charting. I only feel comfortable using it in this instance because I know that Apple is as fundamentally sound as companies come. With the question of the fundamentals securely behind me, I can then confidently move on to supplemental methods of analysis, like charting.
Long term, I remain bullish on Apple no matter what the chart outlook is. The company remains a great long-term bet with its dividends and growth potential in China – as well as its continued growth potential in items like Mac, where it still has major market share to capture.
Best of luck to all investors.

 
 
Caterpillar Has A China Problem
Dec 16 2013, 06:54 by: Seeking Profits  |  about: CAT, includes: DE, FCX, JOY, RIO
BOOKMARKED / READ LATER
Disclosure: I am long FCX. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. (More…)

Needless to say, 2013 has been a challenging year for Caterpillar (CAT). Shares are down 4% while the market has rallied significantly to new heights, and management has called the bottom incorrectly several times with repeated disappointments and guidance cuts. In some ways, Caterpillar has been a victim of circumstances. With falling metal prices and over-levered miners, they have had to cut mining activities and capital expenditures, crushing demand for CAT machinery. Caterpillar’s management does deserve blame for not seeing the massive slowdown, guiding to it, and preparing for it, but it cannot be blamed for fluctuations in commodity prices.

(Click to enlarge)

Now, management has guided to a flat performance in 2014 with sales within 5% of 2013 after a 17% drop from 2012 (full guidance available here). This suggests EPS of about $5.50, plus or minus $0.40 and a forward multiple of 15.6x. As you would expect, mining will be the weakest segment at Caterpillar after falling 40% this year. I had been targeting a 10-15% decline next year, which will erase stabilization and mild improvement at the construction and power units.
With miners, particularly those involved with gold, cutting capital plans next year, it is not surprising to see CAT’s mining supply unit the weakest. Freeport-McMoRan (FCX) has promised shareholders a $1.9 billion cap-ex reduction while gold miners like Newcrest and Barrick Gold (ABX) have suspended projects after taking multi-billion write-downs. Barrick is mothballing its Pascua-Lama project, laying off hundreds of workers, after a dilutive secondary. Even diversified giants like Rio Tinto (RIO) and BHP Billiton (BHP) have promised restraint in their capital plans until metal prices start to show sustained improvement.
All of this signals problems for Caterpillar, and the company has been fighting to maintain share and simply suffer along with the market. To lose share in an eroding market would be catastrophic for results. This is my new concern. For years, China had been the savior of machinery equipment firms like CAT and Joy Global (JOY) because the country was consuming so much raw material (boosting prices and thereby cap-ex) without having any companies that could supply machinery of similar quality. As a consequence, CAT got the benefit of the new market without any additional competition. However, this might be changing.
Rio Tinto CEO Sam Walsh has said his firm has begun to buy equipment from Chinese firms and that the quality has been “much higher” than from traditional suppliers (remarks available here). No Chinese firm yet has the scale or brand of Caterpillar, but if some are beginning to churn out equipment of similar or better quality, CAT will have to fight more aggressively for share, especially as many of these firms enjoy significant cost advantages, operating solely in China.
With China a critical end-market and the importance of currying favor with the regime, miners may very well be interested in purchasing equipment from Chinese firms. For Caterpillar, the market is growing increasingly competitive just at the wrong time: when sales are in sharp decline. Lost share or a price war would only exacerbate the company’s growth problem. Now, it should not surprise anyone that China is catching up on quality as that is really a matter of time and effort in studying best practices and existing machines.
Moreover, Caterpillar saw this day coming as the company made an $800 million purchase of a Chinese equipment maker, ERA Mining Machinery, last year. Clearly, CAT wanted to gain a production foothold in China and saw a manufacturer whose product quality was worth owning. Of course, this deal has not worked out well for CAT with the revelation that the books were cooked forcing a $580 million write-down (details available here). While CAT clearly targeted the wrong firm, it is equal clear that CAT saw China-made equipment it wanted in its portfolio. It is not surprising then that other Chinese firms are delivering high quality products.
After this news, I am more concerned about Caterpillar than I was before. Given management’s track record of over-optimism and tremendous structural weakness in the mining sector, I thought the bottom half of 2014 guidance was more likely, suggesting EPS in the $5.25-$5.50 range. However, if we see price degradation or lost market share, mining declines will be worse, pushing EPS even lower. Equally important, over the long run beyond 2014, CAT’s rebound will inevitably be slower as it fends off fierce competition from China. At $86 Caterpillar is appreciably over-priced, and I would be a buyer at no more than 13x earnings or $71. The machinery space is too bad, and investors would be far better owning a high quality miner like Freeport or non-mining machinery company like Deere (DE).

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