Is Rhodium falling back to earth?

[DutchSilver]

Try getting your eyes tested and/or learning to read.

I said in the post "We have to protect our people first"

And NO I don't get it, what DEBT Bomb and why doesn't anyone have any money to buy cars?

I don't know where you come from buy dealers can't keep up with new sales here and finance has never been easier to get hold off.

Things will rebound and resume to normal once this Corona Virus Pandemic has blown over.

In the meantime get back to stacking your Silver and come back to me on here in 2 years time.

Ok, agreed about the "people first!" part.

You don't know about the DEBT world we live in? In the USA the car loan DEBT bomb has grown larger than the Mortgage bomb that went of in 2008!
When people lose their jobs they won't pay their 72 month $350 a month car loan.
You have to think ahead, now there might not be a problem yet but soon there will be!
Since everything is based on debt and the markets are already experiencing a big loss of "value" you can bet that many Joe Sixpacks that heard about TINA are now royally -bleept- and have a HUGE loss on paper and might even need to sell at a loss to pay some bills......In 6 months delinquencies will EXPLODE and finance rules will tighten....Less cars will be "sold"...That is how I see it....capital destruction at its best!

[DutchSilver]

There is no need to panic, everything is falling not just rhodium. All precious metals have a low spot price right now. but no one is selling near that price and the dealers are out of stock on most precious metals. if you bought any precious metals especially rhodium you know that there will be risk. If you think rhodium still has great opportunities that is great I agree with you, than this is opportunity to buy more. You can't make money from prices standing still. PGMs are not going away they are used in a lot of things not just the automotive industry.

The only opportunity is to get more Rh at a huge discount price, same goes for Silver and Pt....Gold still very high!

[rwh63]

why isn't rhodium being traded today? doubt it is live with 0% change.

[DutchSilver]

why isn't rhodium being traded today? doubt it is live with 0% change.

Do not say these things, it's bad enough as it is! Rh does not get updated that often I guess.
Scared the H out of me those % declines the past couple of days...Around $8500 it was no reason to be sad, current "value" is enough reason to be unhappy about.

[rwh63]

somebody heard me, and trading has been updated. down another 15% ($500)

i'm all in at $200!! this market must be super small. do any of the regular retailers even carry rhodium?

[maxwellsilverhammer]

somebody heard me, and trading has been updated. down another 15% ($500)

i'm all in at $200!! this market must be super small. do any of the regular retailers even carry rhodium?

only 2 that i am aware of

[midiman]

There is no reason for this to keep going down every day like the way it is. Especially when others assets are starting to stabilise and see some gains.

I have to question some of the holders for being so dam stupid because it would be better to hold on than take any profit.

RH is not something that you day trade and if they held on it would have shown that it has support. This would have enabled it to sit around for a while in readiness for the next level

Now we have another mountain to climb.

Kitco has not helped at all and they have not answered my email.

I don't get their logic for the pool account - see the current spread

Buy Rhodium Pool $5,000.00
Sell Rhodium Pool $2,500.00

[rwh63]

i feel for anyone holding rhodium. happened when silver fell off the cliff in 2011. hopefully by the time i get my trump stimulus check i will be able to use it to pick up a few ounces!

[motocat]

i feel for anyone holding rhodium. happened when silver fell off the cliff in 2011. hopefully by the time i get my trump stimulus check i will be able to use it to pick up a few ounces!

I don't at all. They had plenty of time to sell, and they should know things like this happen with Rh, not the first time. It is the nature of Rh, nobody who has been around a few years and could read charts should not know this. They are lucky they could buy at $2,500, I would not touch it anywhere over $1,000, and also need it to cost less then platinum. It is really an ugly industrial metal, in bullion bar form it is a joke (and you can't sell bars for as much as sponges), and the price is heavily influenced by a very few middle men/refiners. If I do get, I'll need to find in ETF form -- anyone has bought such digital rhodium? I hope Kitco ends their Rhodium business, they really should, it makes them look bad (such as when they would not buy the bars they sold back due to refiners not accepting them).

[motocat]

It's madness because the fundamentals have not changed and there is no reason to sell it off this time like it was 2008!!

I am losing $$$$ in profit by day but sell it off at your peril!!!!

Because I'm going to buy all your RH up!!!

Some of these investors are going to pay a high price if they decide to return because there will not enough of it on this planet once manufacturing resumes and we bounce back from this world wide Corona Pandemic.

I have a low avg and the price is going to have to go below $2K oz for me.

Imagine how some of the Bitcoin holders feel too!!! That halved in value in a day down from around $10K to under $5K!!!

Kitco are not making this easy for their customers either with the spreads. Especially when they want $2000K Oz to buy back in when it is dropping like a lead weight!!!!!

@Kitco fcuking Sort it out !!!!

Watch your language and manners please, your bad choices are not Kitco's fault, and nobody is telling you to sell to kitco now (lucky you can at all), if you don't like their offer, go try sell it somewhere else. Also the $10K+ you recently saw, was only on paper, no big dealer was going to buy them for that much, did you try doing your research to see if they would as I recommended then? It's not all a loss, I'll take it off your hands for $600 -- I have a Kitco pool account to, I'll trade it to you 1:1 with platinum, that's my very best offer.