Holy ****z

[maxwellsilverhammer]

18% in two days!!! It's just ****ing stupid the way this moves

[maxwellsilverhammer]

I understand RH to a degree.

But what I can't understand is all the investors that come on Kitco and pile their money into Gold and Silver because it is like watching paint dry.
Sometimes you have to be daring to make money and that applies to Bitcoin and RH.

Who can complain with a daily move of $280 per oz and nearly 3x return in 2 years.

Plus the spreads help to keep the day traders away and give it a bit of support.

You have to be in it for the long run and I'm hoping that it takes out its all time high one day.

I would like to see $5000 by the end of the year if possible.

I don't believe anybody understands rodian to any degree midi man. You bought it that was a good investment you may get very lucky with it I bought it 1500 sold at 3000 made myself a little profit on 10 oz but it's too ****ing volatile for my money there is no absolutely no rhyme or reason to the way this metal moves and if you think it's not day traders doing this what do you suppose is driving this metal up and down with such large percentages? Someone is making huge profits on this through sheer manipulation

[midiman]

I don't believe anybody understands rodian to any degree midi man. You bought it that was a good investment you may get very lucky with it I bought it 1500 sold at 3000 made myself a little profit on 10 oz but it's too ****ing volatile for my money there is no absolutely no rhyme or reason to the way this metal moves and if you think it's not day traders doing this what do you suppose is driving this metal up and down with such large percentages? Someone is making huge profits on this through sheer manipulation

I've been in it long enough now to know that it makes me feel better than gold and silver even with the dips.

This is one of the most undervalued sleeping giant and industries need it at any cost. Its all about supply and demand.

It is also so thinly traded that it doesn't take much to move the price either.

Someone is buying big but they may also dump big over the next couple of days too.

The most important thing is that is keeps its support and ongoing momentum year on year.

But it's nice to see that some big players have still got love for this precious metal.

Lord praise them for buying

[motocat]

$250/oz increase in Rhodium today, and I can't find anything on the news. For those who really know the market first hand, it must be very easy to get rich very fast. I can't remember such a 1 day increase before, but looking at the charts, must not be the first time? Someone needs to report why. Kitco sells and buys Rhodium bars -- wish they could give us some inside news on what's going on. Purely normal market trading -- or a few traders able to swing the market in such ways?

[midiman]

$250/oz increase in Rhodium today, and I can't find anything on the news. For those who really know the market first hand, it must be very easy to get rich very fast. I can't remember such a 1 day increase before, but looking at the charts, must not be the first time? Someone needs to report why. Kitco sells and buys Rhodium bars -- wish they could give us some inside news on what's going on. Purely normal market trading -- or a few traders able to swing the market in such ways?

I think the most that I have seen it move in a day was $300. But that was in its hey day when the trajectory went parabolic.

I don't think you are allowed to report on trading activity and/or make any kind of collusion to swing the market without fear of investigation.

Therefore it would be foolish to attempt it, but that is not to say that big players out of our league don't. Just look at the price of gold the foreign exchange market to see how prices are manipulated without action.

RH is a small fish in the markets when you look at what else has been going on with insider traders and currencies for example -

The four banks implicated by the defendants (JPMorgan, Citigroup, RBS and Barclays) pled guilty to their involvement and have paid multibillion-dollar settlement fees. Barclays has paid the largest sum (€2.54bn), followed by Citigroup (€2.36bn), JPMorgan (€1.75bn), and RBS (€1.4bn).

No individuals from any of the banks have been held accountable for their role in the plot. Officials from the UK’s Serious Fraud Office originally intended to try the case in London, but were forced to drop the investigation in 2016 due to a lack of evidence.

[motocat]

RH is a small fish in the markets when you look at what else has been going on with insider traders and currencies for example -

The four banks implicated by the defendants (JPMorgan, Citigroup, RBS and Barclays) pled guilty to their involvement and have paid multibillion-dollar settlement fees. Barclays has paid the largest sum (€2.54bn), followed by Citigroup (€2.36bn), JPMorgan (€1.75bn), and RBS (€1.4bn).

No individuals from any of the banks have been held accountable for their role in the plot. Officials from the UK’s Serious Fraud Office originally intended to try the case in London, but were forced to drop the investigation in 2016 due to a lack of evidence.

RH may be a small fish in the markets for some -- but for me, it's my biggest fish. I've been watching the PM markets closely since '08, and none of my other precious fish have seen anything near a $250 day gain. My RH fish is looking big and juicy, I think it's time to turn it in and wait for other days to go out back fishing. Someone must know why this jump happened - but guess it is in their interest not to let others in on the game?

[midiman]

RH may be a small fish in the markets for some -- but for me, it's my biggest fish. I've been watching the PM markets closely since '08, and none of my other precious fish have seen anything near a $250 day gain. My RH fish is looking big and juicy, I think it's time to turn it in and wait for other days to go out back fishing. Someone must know why this jump happened - but guess it is in their interest not to let others in on the game?

And I'm in the same boat as you.

But we can't compete with the bigger vessels and right now they are scooping all the fish in.

You can try dumping yours overboard and see what the sea offers you back for them, or hold onto them and try and sell them back to the sea or any other vessel that may come along later if you own physical.

But be careful that the vessels don't price you out of the water.

[motocat]

And I'm in the same boat as you.

But we can't compete with the bigger vessels and right now they are scooping all the fish in.

You can try dumping yours overboard and see what the sea offers you back for them, or hold onto them and try and sell them back to the sea or any other vessel that may come along later if you own physical.

But be careful that the vessels don't price you out of the water.

Another $25 gain by either Palladium and Rhodium, and I'm dumping them, likely never to get them in physical form again (they don't trade very well as bullion). I'll get some more platinum, my true love, even though she has just been sitting there looking dumb, I think she is as pretty as her golden haired cousin, and even more rare (and harder to fake).

[midiman]

Another $25 gain by either Palladium and Rhodium, and I'm dumping them, likely never to get them in physical form again (they don't trade very well as bullion). I'll get some more platinum, my true love, even though she has just been sitting there looking dumb, I think she is as pretty as her golden haired cousin, and even more rare (and harder to fake).

Maybe but the price of PT has barely moved in 10years!!

I just checked what I paid for a 1oz coin in 2009 against what it is worth today.

I liked the Pamp Suisse bars but I don't want to buy something just to look at it for eternity.

The same can be said for Silver!!!

[motocat]

Maybe but the price of PT has barely moved in 10years!!

I just checked what I paid for a 1oz coin in 2009 against what it is worth today.

I liked the Pamp Suisse bars but I don't want to buy something just to look at it for eternity.

The same can be said for Silver!!!

That's why I say "she has just been sitting there looking dumb". Rhodium is to crazy to stick with in real in hand physical form (I'll keep it as digital pictures next time around). While anything palladium can do, I would think platinum can do better. There are so many reasons to be attracted to platinum, but she just "sits" there. Even the most attractive can end up looking boring if they don't move. Frustrating. How crazy do you think Rhodium can get? Most seem to say the repeat when Rhodium went almost to 10K can't happen again, but what's happening now, how high can RH go?