$600 Rhodium

[CheGuevara]

Coming soon, folks, to a theater near you.

There is a massive surplus of this metal and if you look at the charts, we are in a secular bear market for rhodium that is only going to get uglier. This is not the bottom. We aren't even near a bottom.

The auto companies already have all the rhodium they need. And then some. Plus, debt crises don't exactly encourage the selling of automobiles. Rhodium -it would have been awesome if this was a good investment, but it is OVER for this puppy.

Just my opinion.

Che

[hp200se]

I'm thinking of picking some up soon. I don't know the rhodium market very well but I would assume its going to stay low for a few years. Buying a few pieces here and there now could have nice rewards in 5 - 10 years.

Everyone obviously would like to buy at the absolute bottom, but even if I knew where that was, I'd expect a bit of a paradox when it comes, in that I'd not be able to get any. I don't see why a dealer would sell it for anything significantly lower than a grand when they purchased it much higher and if there was a decent chance it would be up again in a few years.

/shrug

[midiman]

Do you see PT or PD doing well?

This is what I have to say to anyone that wants to buy now.

1. Look at the price that RH fell from and went to.

2. Then look at it's recovery.

3. Look at the price it has fallen to again. (This is 2008 part 2)

4. Now think of the recovery.

Whether automotive companies are in surplus or not. It's not by an infinite amount and they will need to buy.

They would rather be buying at these levels than at a later date.

So as soon as the PGMs move, they will have to buy.

[CheGuevara]

Do you see PT or PD doing well?

This is what I have to say to anyone that wants to buy now.

1. Look at the price that RH fell from and went to.

2. Then look at it's recovery.

3. Look at the price it has fallen to again. (This is 2008 part 2)

4. Now think of the recovery.

Whether automotive companies are in surplus or not. It's not by an infinite amount and they will need to buy.

They would rather be buying at these levels than at a later date.

So as soon as the PGMs move, they will have to buy.

I don't really see Pt or Pd doing well, I think Pt might be the most conservative investment of the three and it is close in value to the cost of extraction. Pd has gotten expensive. Of the three, I would vote for Pt.

If you look at the long-term charts of rhodium, it has a tendency to collapse in price for a long time before spiking again.

Even with a full-on economic recovery, the conditions aren't there to see a huge price increase because of the massive oversupply. We also have a young generation in the US that is not very interested in buying cars. Add in massive smog in the large Chinese cities and something has to give.

[CheGuevara]

Although I've been right so far on Rh since I made the original post, the outlook for Rh has since brightened due to the strikes and moved into a supply deficit of 40k oz's. So that makes me much more optimistic that Rh has seen its bottom. If I had the spare cash I would go for it but you need a 2.5k minimum order and I just spilled 1.8k for a Pt bar. Hopefully rhodium will stay low for a while so I can get some

[Carssman1]

Although I've been right so far on Rh since I made the original post, the outlook for Rh has since brightened due to the strikes and moved into a supply deficit of 40k oz's. So that makes me much more optimistic that Rh has seen its bottom. If I had the spare cash I would go for it but you need a 2.5k minimum order and I just spilled 1.8k for a Pt bar. Hopefully rhodium will stay low for a while so I can get some

http://www.kitco.com/reports/KitcoNe...palladium.html

Looks like I know what to buy with my X-mas bonus this year

Baird and Co. anyone?

[CheGuevara]

Just surprised rh hasn't seen upward movement from the strikes. Obviously the strikes don't seem to worry the car companies much. It must be outside buyers who are bidding up pt and pd.

I guess the car companies already have huge supplies of rhodium from the last few years' surpluses.

[CheGuevara]

Things look pretty bleak for Rh. I'm of the school of thought that it will be like the 90's where the price went from $5300 to $200. That was a 96% decline. So look for a price between $400 to $600 over the next couple years if we have a similar drop.

[darkseid1998]

Coming soon, folks, to a theater near you.

There is a massive surplus of this metal and if you look at the charts, we are in a secular bear market for rhodium that is only going to get uglier. This is not the bottom. We aren't even near a bottom.

The auto companies already have all the rhodium they need. And then some. Plus, debt crises don't exactly encourage the selling of automobiles. Rhodium -it would have been awesome if this was a good investment, but it is OVER for this puppy.

Just my opinion.

Che

Don't have any Rh but if it does get to that level, i'm going to get me 20 of these and hold on to them until they spike back up to $10K.

[absum]

Coming soon, folks, to a theater near you.

There is a massive surplus of this metal and if you look at the charts, we are in a secular bear market for rhodium that is only going to get uglier. This is not the bottom. We aren't even near a bottom.

The auto companies already have all the rhodium they need. And then some. Plus, debt crises don't exactly encourage the selling of automobiles. Rhodium -it would have been awesome if this was a good investment, but it is OVER for this puppy.

Just my opinion.

Che

charts dont automaticly repeat. i dont know why everyone thinks this?