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Thread: My Feb Platnum chart

  1. #1
    Join Date
    Oct 2006
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    Default My Feb Platnum chart

    I'm afraid there is short term bad news for Platinum..
    The 3rd bottom makes the lowest lows. I'm afraid Platinum won't see $2000 for a long time.


  2. #2

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    Quote Originally Posted by Got Goldies View Post
    I'm afraid there is short term bad news for Platinum..
    The 3rd bottom makes the lowest lows. I'm afraid Platinum won't see $2000 for a long time.

    Where do you see Rhodium going?

    Your charts are very interesting I am quite over exposed to Rhodium and I bought at a higher price so would be interested to hear your take on Rh.

    Thank you.

  3. #3
    Join Date
    Oct 2006
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    40,046

    Default

    Quote Originally Posted by Davidwd View Post
    Where do you see Rhodium going?

    Your charts are very interesting I am quite over exposed to Rhodium and I bought at a higher price so would be interested to hear your take on Rh.

    Thank you.
    I'll look at it when I get home from work.

  4. #4
    Join Date
    Oct 2006
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    40,046

    Default

    Rhodium is dead.

  5. #5

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    Quote Originally Posted by Got Goldies View Post
    Rhodium is dead.
    I agree, I called $600/oz rhodium when it was at $1250 or so. So tempting a metal because of its rarity, but the whole thing is driven by auto price dynamics that can't really shift right now. Massive oversupply and high recycling levels means it will be a long haul for prices to recover. Maybe someday it will soar again.

  6. #6

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    that will work. My retirement target is in 2022
    You look like I need a drink.

  7. #7

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    Quote Originally Posted by Ronbo View Post
    that will work. My retirement target is in 2022
    I am big into Rh wish I could get out of some and more into Au Ag.

  8. #8
    Join Date
    Oct 2011
    Posts
    25,750

    Default

    crazy that $10k jump in 08

    much rarer than gold

    was $10k once during the "crisis" years, 2 trillion $ auto industry, all the worry of global emissions, and the metal cant gain traction...,..even with very little production of mining Rh

    so you can thank RECYCLING!!!

    that is that....

    inct

  9. #9

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    Quote Originally Posted by Davidwd View Post
    I am big into Rh wish I could get out of some and more into Au Ag.
    At these prices I'd do exactly the opposite.

  10. #10

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    Even though it's low I'm always skeptical jumping in, wouldn't it be more worth to constantly monitor and then go in only when it starts going up consistently?

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