Rhodium spot watchers thread

[ynot2k]

I got out of what I had at 18,950, with a small profit. Had bought down a couple of times and held. Now pool is back to 14,100 and I hesitate. Not sure what I will do. Rhodium does seem to go off on it's own - either up or down - without an obvious correlation to much of anything else.

However I am an amateur at it, so there's that.

[ynot2k]

Rhodium is now down to about 50% of it's last high which was made in 2020.

Does a 50% drop in price plus quite a bit of time equal a buying opportunity?

[motocat]

What do you use to trade Rhodium? All the methods I have found have buy-sell spreads that are to high -- so if I was into trading this, I would probably wait for sub $10K or lower. If I had some efficient way, like PALL ETF I use for palladium -- I would have a number buy and sell ranges.

[ynot2k]

What do you use to trade Rhodium? All the methods I have found have buy-sell spreads that are to high -- so if I was into trading this, I would probably wait for sub $10K or lower. If I had some efficient way, like PALL ETF I use for palladium -- I would have a number buy and sell ranges.

I use Kitco pool, and yes because of the 2k spread I am waiting for 11k or lower buy price, it would then have go to 13k to break even so it is not an overly inviting trade.

After the jump to 24K from 18K overnight (a long time ago) I BOUGHT... and it took forever to finally unload it for a very very modest gain... it was not worth it and I'm glad I got out without losing. It took patience.