Why the Upswing?

[motocat]

Anyone here still holding on? Recently, talks about a recession have been on the rise. Any predictions to the price of rhodium if stocks tank here in the US? Stocks are already at depressed levels elsewhere in the world and most other commodities excluding palladium are in the doldrums. It's getting harder and harder to determine an exit point. Then again, if we get inflation with interest rates going back to 0, commodities may catch a big bid.

Not me. Sold all I had back in July, and bought Platinum. Sure, I'm not hitting the top, but then again -- how many here bought Rhodium at near $1000/oz? How many under? I remember those times well, so it just seems absurd how quickly it has now risen. One would think any major user of Rhodium would have stocked up well when under $1000/oz. This means to me that either those who use Rhodium are not very good planners, or much of this is just fake digital games. Either way, I'll only trade with virtual/digital Rhodium units from now on -- these swings are not what I like with my physical bullion.

[forcho130]

Jimminy Crickets this is getting crazy. Rhodium is up again $300 atm. There's no way anyone can time this thing.

It must be nice to be off the rollercoaster motocat. I don't blame you for cashing out.

Btw, when you sold, what was the spread between spot and the amount that you actually got?

[maxwellsilverhammer]

damn, all i can say is damn. sure i made a healthy $7k selling at $2300 but my gut told me it was going back to $10 k again. seems like i was right about that gut feeling. damn!

[maxwellsilverhammer]

Jimminy Crickets this is getting crazy. Rhodium is up again $300 atm. There's no way anyone can time this thing.

It must be nice to be off the rollercoaster motocat. I don't blame you for cashing out.

Btw, when you sold, what was the spread between spot and the amount that you actually got?

if i remember right, the spreads were $100 now $200. just damn!

[motocat]

if i remember right, the spreads were $100 now $200. just damn!

Nah -- I remember $200 spreads when under $1000K, why I did not load up then. That's just part of Rhodium trading I guess, even ETF holding Rhodium have such spreads. Now, I'm laughing at myself for thinking such costs really mattered. With Rh -- one needs to think differently, no pain, no gain. This is not like the big three of bullion PM's-- even if it now comes in bars.

[midiman]

I told everyone to hold ship but some of you jumped and after giving your predictions lol.

Rh has moved nicely today and I know that they metal can move $1000 per week on a good run. This makes it far more exciting to hold compared to Gold and Silver.

But what goes up also goes down and I suspect that it is not going to be plain sailing all the time.

I would like to see it go above its all time high of $10K and I don't see why it cannot.

Rh owes me $$$$$

[motocat]

I would like to see it go above its all time high of $10K and I don't see why it cannot.

Rh owes me $$$$$

We can't see why it can, or why it can not, because we know very little if anything about the real Rhodium market. Those who do know tend to keep quiet, as letting the cat out to the bag won't help them. Sure, it could go to $10k, but back to the recent lows of $600 even more likely, more risk of loss, than of gain at current levels, based on multiples away from high and lows alone. If you think not, tell us why? Why can't I remember Rhodium pumpers saying anything at $600?

[noggin]

Just posting numbers rather than an opinion. Forgive the rounding / simplification

Rhodium today : 4500
All time high : 10000
so we're now 120% (give or take) below the top

Silver today : 18
All time high : 50
so we're 175% below historical highs

Gold today : 1550
All time high : 1900
20% below the all time high

Platinum today : 880
All time high : 2275
155% below the all time high

Palladium today : 1450
All time high : 1600
we're 10% off the recent top

[noggin]

Sure, it could go to $10k, but back to the recent lows of $600 even more likely, more risk of loss, than of gain at current levels, based on multiples away from high and lows alone. If you think not, tell us why?

Do you think the $600 price tag could have been linked to the diesel emissions scandal?
Its quite interesting lining up the timelines...
If manufacturers were able to lie about their emissions, they wouldn't have needed to buy so much rhodium. Price drops.
Now - emission standards are supposedly tightening globally, vehicle manufacturers are forced to buy more. Price rises.

Personally - I like the crystal ball approach, nice and easy questions as 'the mists' can be tricky and deceptive!
Set a time-frame, (say 10 years?) and then try and decide what are the most obvious questions?

My three questions for rhodium...
Q) will there be more people in the world wanting cars? (increase in demand)
Q) will environmental standards be stricter? (increase in demand)
Q) will petrol engines be off the roads? (decrease in demand)

I'm answering yes to two of those questions, and don't know to one of them.
$4500 today,
place your bets!

[motocat]

Do you think the $600 price tag could have been linked to the diesel emissions scandal?
Its quite interesting lining up the timelines...
If manufacturers were able to lie about their emissions, they wouldn't have needed to buy so much rhodium. Price drops.
Now - emission standards are supposedly tightening globally, vehicle manufacturers are forced to buy more. Price rises.

Personally - I like the crystal ball approach, nice and easy questions as 'the mists' can be tricky and deceptive!
Set a time-frame, (say 10 years?) and then try and decide what are the most obvious questions?

My three questions for rhodium...
Q) will there be more people in the world wanting cars? (increase in demand)
Q) will environmental standards be stricter? (increase in demand)
Q) will petrol engines be off the roads? (decrease in demand)

I'm answering yes to two of those questions, and don't know to one of them.
$4500 today,
place your bets!

If it was all about serving as catalyst to reduce emissions, particularly with diesel, you would think Platinum would be doing better. Makes no sense to me -- and any business that needs to use lots of Rhodium was rather foolish not to load up not to long ago when Rh was some 7 times cheaper. What is so unique about Rhodium in catalyst that you can't substitute more Plat or Palladium for?