Rhodium-Knowing when to sell

[blackdog69]

Can anyone recommend a reliable source to find out what's causing this price rise, and what the future forecast is. I understand the the primary demand is catalytic converters, and I assume auto makers are buying rhodium for future supplies. Anyone read any forecast of how long this will go on? I bought at $850, but I want the maximum before I sell. I will be trading for gold.

[sasksilver]

Nobody ever went broke profit taking....trying to pick the top can be a dangerous game.

[blackdog69]

A few weeks ago I traded 100 ounces of palladium for gold when Palladium was $1360 an ounce. Had I waited a few more weeks, palladium jumped to $1540 an ounce...I would have made another $180 x $100=$18,000, had I waited. So I fear the same thing now. But yes, nothing wrong with a profit, but maybe the knowledge is out there about how high we can expect for rhodium?

[maxwellsilverhammer]

Can anyone recommend a reliable source to find out what's causing this price rise, and what the future forecast is. I understand the the primary demand is catalytic converters, and I assume auto makers are buying rhodium for future supplies. Anyone read any forecast of how long this will go on? I bought at $850, but I want the maximum before I sell. I will be trading for gold.

there are none available that i have found in two years of trying. its a total crap shoot. and total bull**** trying to understand it

[midiman]

It's best to stay out of Rhodium if you don't understand it.

Traders that try to reason something often find that their logic ends up being wrong.

You can't control Rhodium.

It can travel on paths unknown and there is no telling where it will go.

But it's better than watching the price of Gold.

[blackdog69]

It always supply and demand. Obviously the current supply is low, and demand is up. I wish I could hear from the mines, maybe they are out of rhodium? Or maybe car manufacturers are forward buying to plan for the future, driving demand up? Or it could be pure manipulation. I was looking for a real source of these answers.

[maxwellsilverhammer]

Yeah well good luck with that black dog

[blackdog69]

I dont really understand it, but I am up 400% right now....

[blackdog69]

I am still holding for higher....with Rhodium...but Palladium just got beaten down badly in the last 3 days...knowing when to sell is really hard...

I dont really understand it, but I am up 400% right now....

[maxwellsilverhammer]

you know, i was up 7k in 15 months, then sold, if i had only held another 3 months i would have been up 19k
/ i am out of disposable cash flow or i would buy back at least 5 more ounces as i still think i was wrong selling and right with my initial gut feeling that it may go to 8 or 10k again...

oh my goodness??? so much for gut feelings and rhodium attempted forcasting for me. down over 8% today. a $275 drop. i can find no reasoning for any rhodium shock waves online anywhere. other p m's also dropping but nothing like this.