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darkseid1998
03-26-2014, 12:31 PM
It seems from the kitco charts and the price of the bars around the bullion dealers that Rhodium is the only metal here that is spared from the paper manipulation. Of course there are no Rhodium ETFs and Rhodium is priced according to the supply, unlike the infinitely paper contracts of gold, silver, platinum, and palladium. The physical bars are also rising in prices and the availability at provident is getting more scarce and they only have the overpriced 1/10 oz left.

Carssman1
03-26-2014, 12:41 PM
I like to think that we folk picking up these physical bars of RH are the 'early adopters' who will be greatly rewarded in a few years; for being in before the rest of the heard.
One can hope anyway!:cool:

Rhodium9000
03-26-2014, 12:51 PM
It seems from the kitco charts and the price of the bars around the bullion dealers that Rhodium is the only metal here that is spared from the paper manipulation. Of course there are no Rhodium ETFs and Rhodium is priced according to the supply, unlike the infinitely paper contracts of gold, silver, platinum, and palladium. The physical bars are also rising in prices and the availability at provident is getting more scarce and they only have the overpriced 1/10 oz left.

That's not exactly true. There is a rhodium fund on the London stock exchange listed as XRH0. And it is manipluated in that the recorded closing price is often an unfilled bid at a lower price than all the buying/selling orders that were actually filled.

http://www.shareprice.co.uk/XRH0/ETC-SECURITY---RHODIUM

But the fund presently only holds about 100K ounces, and it's seen lower rhodium prices since it began in 2011. When rhodium is available to investors the overall effect is that prices stabilize to a greater extent than when it is not available. I don't think we'll see $10K/oz again, but $1700 is possible in the near term. Ivanhoe used that number recently in it's cost estimates for production:

http://www.marketwatch.com/story/ivanhoe-mines-releases-positive-independent-preliminary-economic-assessment-of-its-platreef-platinum-group-elements-nickel-copper-and-gold-project-in-south-africa-2014-03-26-71731727?reflink=MW_news_stmp

darkseid1998
03-26-2014, 01:27 PM
That's not exactly true. There is a rhodium fund on the London stock exchange listed as XRH0. And it is manipluated in that the recorded closing price is often an unfilled bid at a lower price than all the buying/selling orders that were actually filled.

http://www.shareprice.co.uk/XRH0/ETC-SECURITY---RHODIUM

But the fund presently only holds about 100K ounces, and it's seen lower rhodium prices since it began in 2011. When rhodium is available to investors the overall effect is that prices stabilize to a greater extent than when it is not available. I don't think we'll see $10K/oz again, but $1700 is possible in the near term. Ivanhoe used that number recently in it's cost estimates for production:

http://www.marketwatch.com/story/ivanhoe-mines-releases-positive-independent-preliminary-economic-assessment-of-its-platreef-platinum-group-elements-nickel-copper-and-gold-project-in-south-africa-2014-03-26-71731727?reflink=MW_news_stmp

Is that London ETF traded on te COMEX?

Rhodium9000
03-26-2014, 02:29 PM
Is that London ETF traded on te COMEX?

Fortunately, it is not!

darkseid1998
03-27-2014, 07:09 AM
Rhodium is the only metal that's up today. All other metals are falling but at different rates.

Rhodium9000
03-27-2014, 12:22 PM
I'm guessing that if the AMCU strike makes it through April, we will see rhodium at $1800. If it makes it into July, anything is possible. Matthey platinum has gone silent on their weekly and monthly reports as of January 2014. My guesstimate is that around May inventories will be to the point were we'll start to see supply concerns. All indications are that this strike will go on for a while.

Rhodium9000
03-28-2014, 12:57 PM
BASF, Matthey and Umicore all raised their rhodium prices today. We may see $1200 very soon.

Silver Piranha
03-28-2014, 03:16 PM
BASF, Matthey and Umicore all raised their rhodium prices today. We may see $1200 very soon.

Provident did also! And they are now out of the one tenth bars!

sandro1979
03-30-2014, 05:31 AM
The key to higher prices are the auto manufacturers. If they starting to get nervous everything can happen. Right now the bankers keep the market low with short positions that seem to make no sense. If auto manufacturers start stockpiling these short positions will explode und you get a typical short squeeze with exploding pricing. The perfect storm can start soon...

http://www.moneyweb.co.za/moneyweb-south-africa/the-potential-for-a-pgm-price-spike