Holy ****z

[maxwellsilverhammer]

HOLY CRAPPER??? Rhodium down over 8% or a $ -275.00 drop today. What the heck is going on???

[forcho130]

HOLY CRAPPER??? Rhodium down over 8% or a $ -275.00 drop today. What the heck is going on???

Rhodium has always been a pretty thin market. Looks like it's still a trader's market rather than a supply/demand market. I don't know what prompted the overall selloff in all of the other metals today though.

[Miteysquirrel]

HOLY CRAPPER??? Rhodium down over 8% or a $ -275.00 drop today. What the heck is going on???

3 yrs ago Rho was $600....its around $3000. Wish I bought some.

[blackdog69]

I had 30 ounces to sell, and I waited to long...lesson learned. I was looking for the top.

[forcho130]

Now that I have some time to reflect on today's drop, I don't think that it has anything to do fundamentally with autocatalyst production. If it was just falling demand for cars, then silver and gold should have not dropped alongside every other metal today. I think that traders just decided today that they were going to lighten up on all of the metals.

[midiman]

Now that I have some time to reflect on today's drop, I don't think that it has anything to do fundamentally with autocatalyst production. If it was just falling demand for cars, then silver and gold should have not dropped alongside every other metal today. I think that traders just decided today that they were going to lighten up on all of the metals.

I can't afford to day trade Rhodium as the spreads and risk is too high.

It would be great if I had a large sum of money to invest and had some inside information.

This is what I suspect is going on.

We will see this happen throughout the course of the year and no one knows where it when it will stop.

I don't see any reason for the price to drop other than people taking profits.

Look at the history and rise of Rhodium to over $9K!! It took one of the biggest financial disasters in history to plummet the price and it is going to take some time to get back to those levels.

I'm hoping for $2500 support and $4500 support by end of the year.

[motocat]

I can't afford to day trade Rhodium as the spreads and risk is too high.

It would be great if I had a large sum of money to invest and had some inside information.

This is what I suspect is going on.

We will see this happen throughout the course of the year and no one knows where it when it will stop.

I don't see any reason for the price to drop other than people taking profits.

Look at the history and rise of Rhodium to over $9K!! It took one of the biggest financial disasters in history to plummet the price and it is going to take some time to get back to those levels.

I'm hoping for $2500 support and $4500 support by end of the year.

Rhodium price is completely unpredictable for little guys such as us. I still have no idea why the price was allowed to fall to near $600/oz levels relatively recently - you would think everyone who needs it would would have been scooping it up and those prices given the history and continued need for? (And who would sell at sub $1k?) Still, we can count, know $600 is far less than $3,000. Large spreads, but if the past is any indication of future performance, then we will continue to have such large swings. I wouldn't do short term trading on Rhodium given the spreads -- but selling at three times the price you bought at has not been to hard over the years for those who are patient and can count. Don't try to time the highest highs, and lowest lows - -just consider x 3 is good. Selling recently at over $3,000/oz gave me that. $9K an oz in the near future is very unlikely IMO.

[Miteysquirrel]

Rhodium price is completely unpredictable for little guys such as us. I still have no idea why the price was allowed to fall to near $600/oz levels relatively recently - you would think everyone who needs it would would have been scooping it up and those prices given the history and continued need for? (And who would sell at sub $1k?) Still, we can count, know $600 is far less than $3,000. Large spreads, but if the past is any indication of future performance, then we will continue to have such large swings. I wouldn't do short term trading on Rhodium given the spreads -- but selling at three times the price you bought at has not been to hard over the years for those who are patient and can count. Don't try to time the highest highs, and lowest lows - -just consider x 3 is good. Selling recently at over $3,000/oz gave me that. $9K an oz in the near future is very unlikely IMO.

MOTO! Good to see you back on!

[midiman]

Rhodium price is completely unpredictable for little guys such as us. I still have no idea why the price was allowed to fall to near $600/oz levels relatively recently - you would think everyone who needs it would would have been scooping it up and those prices given the history and continued need for? (And who would sell at sub $1k?) Still, we can count, know $600 is far less than $3,000. Large spreads, but if the past is any indication of future performance, then we will continue to have such large swings. I wouldn't do short term trading on Rhodium given the spreads -- but selling at three times the price you bought at has not been to hard over the years for those who are patient and can count. Don't try to time the highest highs, and lowest lows - -just consider x 3 is good. Selling recently at over $3,000/oz gave me that. $9K an oz in the near future is very unlikely IMO.

No one has a crystal ball and it is near impossible too predict which way the wind will blow in the world of Rh. Unless you have enough money and information to to do so.

I have lost lots of money by deciding not to sell what I have but there is also the risk of buying back in. I would throw everything at it if I knew that the current price was exceptionally low and I am kicking myself for not doing so when it was at $900!!!

But that's where we are right now. Rh could go back down to $900 or it could go over $9000 in a blink of an eye. Although I have to say the swings are not as bad as Bitcoin, at least Rh is building some kind of support level for now.

I will be happy when I see it at an all time high.

Remember that the industry needs it, it doesn't take much to disrupt supply, and it's thinly traded.

I don't understand why business didn't scoop it up at $900 either but maybe it was in oversupply at that price. But maybe they will regret it when the price starts to get too high for their liking and it will spark a buying frenzy.

[blackdog69]

I'm still holding my 30 oz....saw a $90 rise today...finally. Because Rhodium is so thinly traded, even if it shot up to $5000, no one would buy until prices stabilized. I bought at $825, but I am still waiting for that sell point. I really have no clue. I think hedge funds and the Russians are controlling the market.