Why the Upswing?

[midiman]

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!

I've been in RH since after 2008 because it was the only time that I could touch it.

And up til that point this metal was so dam hot you would have needed to rob a bank to just to buy it.

$600 per oz was rock bottom hurry up and buy buy buy for Mr PI (Private Investor) because we are starting to see the price get out of control again and it is going to take balls of steel go get it now.

But there is a big difference here compared to last time :

For example : Rh didn't have any support and the price was fuelled by big time buying and mining strikes in SA.

Now we have tighter emissions and the companies cant hide behind false claims. They are going to have to buy it at whatever price and the sooner the better for them.
What if the miners decide to go on strike again like they normally do?
And what is going to cause the worldwide demand to drop the price like a lead weight again. Global Recession Part 2? Trump and the leaders of the world are never going to let that happen again.

So we could see RH go way beyond its all time high and even have support around the $10k mark!! for some time until we find a way to replace and/or limit its use completely. Manufacturers are trying to go all electric but that is going to take some time and it could also come as a huge cost to their business right now.

So maybe Rh is their best option for the time being?

Don't miss the boat.

[forcho130]

I do know that as far as catalysts go, rhodium is unique because only it is capable of reducing nitric oxide (of which platinum and palladium are incapable of doing).

On another note, China just announced it will ease restrictions to buying cars to help boost car sales. Could the recent rise in rhodium be Chinese whales buying up rhodium? Up another $325 at the moment to $5100. Crazy!!

[midiman]

I do know that as far as catalysts go, rhodium is unique because only it is capable of reducing nitric oxide (of which platinum and palladium are incapable of doing).

On another note, China just announced it will ease restrictions to buying cars to help boost car sales. Could the recent rise in rhodium be Chinese whales buying up rhodium? Up another $325 at the moment to $5100. Crazy!!

Possibly at the Chinese are mad on buying and they know it could also hurt the US car industry.

You have to love daily price moves of $350 lol.

It's far better than watching silver or gold lol.

[ynot2k]

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

Now $400

[noggin]

If it was all about serving as catalyst to reduce emissions, particularly with diesel, you would think Platinum would be doing better. ... What is so unique about Rhodium in catalyst that you can't substitute more Plat or Palladium for?

Chemistry. Essentially platinum cannot do the job Rhodium does.
Which is unfortunate seeing as Platinum is a relatively common element and Rhodium is not.

[midiman]

Chemistry. Essentially platinum cannot do the job Rhodium does.
Which is unfortunate seeing as Platinum is a relatively common element and Rhodium is not.

Leave Platinum to jewellery.

[Jibron85]

the boost for platinum will come from fuel cells.

[Bullion_money]

Whoever is in the know on this, does not want us to know. There is a good reason for this I'm sure we can all think of.

is rhodium used in missles? If so then thats it. Have u seen all the wars around the conflict and weapon sales.

[Bullion_money]

I've been in RH since after 2008 because it was the only time that I could touch it.

And up til that point this metal was so dam hot you would have needed to rob a bank to just to buy it.

$600 per oz was rock bottom hurry up and buy buy buy for Mr PI (Private Investor) because we are starting to see the price get out of control again and it is going to take balls of steel go get it now.

But there is a big difference here compared to last time :

For example : Rh didn't have any support and the price was fuelled by big time buying and mining strikes in SA.

Now we have tighter emissions and the companies cant hide behind false claims. They are going to have to buy it at whatever price and the sooner the better for them.
What if the miners decide to go on strike again like they normally do?
And what is going to cause the worldwide demand to drop the price like a lead weight again. Global Recession Part 2? Trump and the leaders of the world are never going to let that happen again.

So we could see RH go way beyond its all time high and even have support around the $10k mark!! for some time until we find a way to replace and/or limit its use completely. Manufacturers are trying to go all electric but that is going to take some time and it could also come as a huge cost to their business right now.

So maybe Rh is their best option for the time being?

Don't miss the boat.

well did u stock up and hit the lotto or did u sell before?

[golditiki2]

well did u stock up and hit the lotto or did u sell before?

I guess midiman is now sunbathing somewhere...

Golditiki2+++