$600 Rhodium

[janderson]

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

Well I'm guessing they must be Millionaires because they seem to know the future.

As for me I have no clue what will happen in 1 minute. I'm a buyer of RH ! 20 bars and counting !

[CheGuevara]

Well, here we are at $650 rhodium... I still think this is a metal to avoid for some time. Could be a great investment later. Good luck.

Che

[darkseid1998]

Since that new Rhodium ETF came out last year prices have sunken lower. There has been lots of naked short selling on this ETF to bring the prices even lower for the speculators and those speculators usually work in favor of the big industries such as the auto industry so that their costs can come down. Since no one is buying cars now, they had to bring the costs down so Wall ST ETF traders naked short this commodity even if there is a shortage so that auto companies can buy Rhodium at a third of the price it would have costed them with a free floating market in Rhodium. The supplies would run out eventually because these rigged ETF prices suggest that Rhodium is as common as silver or copper.

[The Sage]

Well, here we are at $650 rhodium... I still think this is a metal to avoid for some time. Could be a great investment later. Good luck.

Che

Why do you think this way? Beyond "luck" . . I'd appreciate a deeper understanding.

You certainly made the right call with this thread . . . I just looked and it was double the current amount back then. . . your Crystal Ball was clear that day.

[CheGuevara]

Why do you think this way? Beyond "luck" . . I'd appreciate a deeper understanding.

You certainly made the right call with this thread . . . I just looked and it was double the current amount back then. . . your Crystal Ball was clear that day.

Thank you, well my crystal ball is right half time

The car companies aren't stockpiling more rhodium right now so the only path is down. Once rhodium hits parity with palladium it will have found a bottom since rhodium can be substituted for palladium. However palladium has its own problems right now with emerging market slowdown. So both metals may hit $400, and that could be a bottom. That's just my best guess. Good luck to ya.

Che

[darkseid1998]

Thank you, well my crystal ball is right half time

The car companies aren't stockpiling more rhodium right now so the only path is down. Once rhodium hits parity with palladium it will have found a bottom since rhodium can be substituted for palladium. However palladium has its own problems right now with emerging market slowdown. So both metals may hit $400, and that could be a bottom. That's just my best guess. Good luck to ya.

Che

Judging the low price of Rhodium being lower than gold, are these Wall ST people suggesting that there is more Rhodium on earth than gold or platinum? I don't think that Rhodium should be priced this low, unless the elite are trying to buy it on the cheap.

[DutchSilver]

Judging the low price of Rhodium being lower than gold, are these Wall ST people suggesting that there is more Rhodium on earth than gold or platinum? I don't think that Rhodium should be priced this low, unless the elite are trying to buy it on the cheap.

Sorry but the elite don't know about Rhodium at all, Palladium neither....They will never buy into those metals.
These are purely industrial metals, not seen as precious by most people.
Those markets are even smaller than the silver market, hence the rather large moves.

[Rhodium9000]

I think we have already seen a bottom for rhodium, the price has been going up in the last week for both the ETFs and the physical. I suspect we will see $1200 before we see $600.

[CheGuevara]

I think we have already seen a bottom for rhodium, the price has been going up in the last week for both the ETFs and the physical. I suspect we will see $1200 before we see $600.

I think we could see a bounce to $800, but anything beyond that could be an uphill battle.

[Rhodium9000]

I think we could see a bounce to $800, but anything beyond that could be an uphill battle.

Wrong again.