Rhodium spot watchers thread

[ifionlyhadsomegold]

$9K bid, nice!

[midiman]

$9K bid, nice!

The past shouldn't really dictate Rhodiums price. It was doing so well at the start of the year and then came something that the would couldn't foresee.

Who knows where it could have got to before this pandemic ripped through our economies. I hope that buyers start to become rationale again and stop dropping it like a bomb as soon as a bit of turbulence gets in our way.

IMO RH should be in the $20K+ range and buyers should either be holding onto what they have and/or stocking up at these prices instead of thinking of selling an ounce going onward.

We need stability.

[noggin]

The past shouldn't really dictate Rhodiums price. It was doing so well at the start of the year and then came something that the would couldn't foresee.

Its interesting to think how changes in behaviour are going to impact PGMs

On the one hand - if we enter a prolonged downturn, i.e less consumer spending, traditionally a "new car" purchase would be something that people would choose to delay?

On the other hand - if "fear" endures will people be afraid of using public transport and want a greater sense of security while travelling, perhaps a new car purchase becomes a higher priority?

[midiman]

Its interesting to think how changes in behaviour are going to impact PGMs

On the one hand - if we enter a prolonged downturn, i.e less consumer spending, traditionally a "new car" purchase would be something that people would choose to delay?

On the other hand - if "fear" endures will people be afraid of using public transport and want a greater sense of security while travelling, perhaps a new car purchase becomes a higher priority?

You are right.

People might want their own Independence or even just treat themselves after the lockdown and live life a little.

[rwh63]

what the he ll id going on with rhodium: $13k!

[midiman]

what the he ll id going on with rhodium: $13k!

IMO It's undervalued at that.

I would like to see it get to $25K once this world is out of this Pandemic, and one analyst said that it still viable to buyers at $55K.

[corys19191]

It will be interesting.

[midiman]

Why is RH being smashed?

It is not an investment asset and it's in deficit.

[ynot2k]

Why is RH being smashed?

It is not an investment asset and it's in deficit.

It will get smashed some more now - I just bought in. I was thinking about it yesterday

but I waited. When (more likely than if since I bought) it falls back to yesterdays level I'll buy again.



How many times and how many ways can I say this: "Don't look at buys or sells of any assets that I do as indicative of anything other than as a blind man jumping from a window hoping to hit the net". IOW I'm on the wrong side of trades often.

[midiman]

It will get smashed some more now - I just bought in. I was thinking about it yesterday

but I waited. When (more likely than if since I bought) it falls back to yesterdays level I'll buy again.



How many times and how many ways can I say this: "Don't look at buys or sells of any assets that I do as indicative of anything other than as a blind man jumping from a window hoping to hit the net". IOW I'm on the wrong side of trades often.

Well done if you did.

It has just gone up by $5900 in a day but it's still below $27K.

Please god we need a few more days like today and for it to get over the $30K mark.