Rhodium Future

[maxwellsilverhammer]

With the confidence you seem to have on Rhodium value -- did you go all in when it was sub 1K (down to $600) not to long ago? Didn't here to much talk about RH then, seemed like I was the only one watching at times. Having seen those lows, no way I'm holding on to all now -- sold half recently, will sell the other half shall it go up to $3K an ounce. And I'll buy again if the lows return....

The 'old buy low, sell high plan, never been one to run with the lem..........

Simply don't get why those who needed Rhodium did not gobble it up when sub $1000, and now need to buy over $2k. The main reason I did not get more was the buy-sell spread, but that's not something that those who need it industrially would worry about.

motocat, no i only became curious and actually only looked at rhodium last october 2017 for the first time ever. i bought 10 ounces at that time and am holding half in physical and half in kitco pool account. regarding your offer to swap evenly at melt values your rhodium for my silver, although it is tempting, i just cant seem to get past selling my silver at todays low melt price (although, i do have quite a bit that i could offload and be at a break even dollar price point. i do think rhodium can continue moving upward and also still have faith in silver gaining as well. i think i just need to stack a few thousand frns and buy more into the kitco pool account of rhodium.

[maxwellsilverhammer]

midiman, can you provide any current link to updated rhodium information because as you know, research links are at a minimum regarding this precious metal.

[motocat]

So I'm curious Motocat, did you end up selling your rhodium and switching over to platinum? If so, did you sell back to an online dealer or go to a local dealer?

I sold some (50%) back to Kitco -- my local dealer does not buy Rhodium unless they know a customer looking for it. And yes, I've been buying plat at under $800/oz. Of course, now it looks like I should not have done this and held on, but who knows the future? I just try to sell high, buy low -- never can catch the exact best point for this, but over the years, it has worked. Trading is not actually my thing -- just do a little for fun, to make me feel all these swings can benefit "me to". Mostly, I see fiat and digits flowing so fast and furiously, often without rhyme or reason, I try to find some ground in converting to much of what I see as fraud product into something honest and real and easy to keep discretely-- something I see PM's best at.

[midiman]

midiman, can you provide any current link to updated rhodium information because as you know, research links are at a minimum regarding this precious metal.

No.

Because research links are like the metal itself.

Scarce and fairly muted.

Who knows what trades cause this metals price to move. But what we do know is that it doesn't take much for it to jump when someone makes a big buy or goes on strike.

A bit of sanctions, strikes, and or trade wars could help the price rise here.

[maxwellsilverhammer]

monday mid morning in eastern u s a and i see other 4 p m's took a big dive again in early morning global trading.... just a hunch that reminds me of not so long ago ( a few weeks) when this happened - rhodium had an opposite move with an $85 one day rise followed next day with another $25 increase. if i were to follow my instincts i would look for a projection this week being up another $100 or so. waiting and watching

[midiman]

monday mid morning in eastern u s a and i see other 4 p m's took a big dive again in early morning global trading.... just a hunch that reminds me of not so long ago ( a few weeks) when this happened - rhodium had an opposite move with an $85 one day rise followed next day with another $25 increase. if i were to follow my instincts i would look for a projection this week being up another $100 or so. waiting and watching

It has taken another dive again today and it's worrying.

I pray for better times.

We need a big move in the right direction.

[maxwellsilverhammer]

and another 100 drop again today. where can we find any publicized information about factors that would cause these kinds of abrupt movements? i may cover some of my wins by doing what motocat did in sept and take profits on a few ounces.

[Davidwd]

and another 100 drop again today. where can we find any publicized information about factors that would cause these kinds of abrupt movements? i may cover some of my wins by doing what motocat did in sept and take profits on a few ounces.

New car sales figures are down massively VAG group down around 60% YOY. Most European countries are looking to ban cars sooner rather than later. The UK is trialing car free zones in cities and cities around the world are banning cars from cities. Paris trialled a car free day in the city recently. It transforms cities into beautiful quiet healthy places. There was a big article by money week stating “you have already bought your last car”
I have sold ALL of my Rhodium as I feel there will be more coming onto the market through scrappage than being used in new car production.

[midiman]

New car sales figures are down massively VAG group down around 60% YOY. Most European countries are looking to ban cars sooner rather than later. The UK is trialing car free zones in cities and cities around the world are banning cars from cities. Paris trialled a car free day in the city recently. It transforms cities into beautiful quiet healthy places. There was a big article by money week stating “you have already bought your last car”
I have sold ALL of my Rhodium as I feel there will be more coming onto the market through scrappage than being used in new car production.

And it's back up today.

It's possible that you could be correct in the long run.

But we are still some way off what you say and Rh can move at speed.

Who knows what direction it will go but it has to see anyone good time one day.

It's Rhodium.

[forcho130]

Every year, millions of Chinese and Indians are moving into the middle class, and then there's the elephant in the room that is the future development of Africa. One sign of becoming middle class is buying a car. I still see high demand for catalytic converters on a worldwide basis for many years to come.