Rhodium spot watchers thread

[TheSavanna]

Down 25% today

Bid $4,500 Ask $7,500

[TheSavanna]

All quiet today so far. No change.

Bid $4,500 Ask $7,500

[midiman]

Kitcos spread is ridiculous.

You would be mad to buy.

[TheSavanna]

Yea, not easy to make money when the bid price has to nearly double for you to break even, but that’s the cost of accessing liquidity in this market I guess.

Flat again today so far, no change Bid $4,500 Ask $7,500

[TheSavanna]

Down $500 today!

Bid 4000.00. Ask 7000.00

[maxwellsilverhammer]

Down $500 today!

Bid 4000.00. Ask 7000.00

if you are a player, i hope the spread closes to a modest number for you

[TheSavanna]

Yep

Down another 7.5% today

bid 3700.00 ask 6700.00

[midiman]

if you are a player, i hope the spread closes to a modest number for you

The spread is no doubt putting a lot of people off from buying.

I know it is for me.

I am sitting here waiting to buy but not when the spread is anything like this.

[midiman]

$3K Spread !!!!

[noggin]

$3K Spread !!!!

I know when I'm buying to resell on ebay - you buy off the person on craigslist for a few dollars. The next day, you're selling in a different marketplace for a few tens of dollars.
Is anybody honestly surprised dealers (aka flippers) employ the same strategy?

This game is as old as human civilization