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Started By
Message
Rhodium down $3500/ounce overnight?
Posted on 12/25/24 at 6:16 am
Posted on 12/25/24 at 6:16 am
What’s going on there? Kitco app shows Rhodium down $3500/ounce overnight from $4400/ounce to $933/ounce
5
Posted on 12/25/24 at 6:22 am to TechDawg2007
I don’t know what that is but at that rate of a plunge either a systemic issue or a buying opportunity
Posted on 12/25/24 at 6:23 am to TechDawg2007
Sorry baw I liquidated my holdings
Posted on 12/25/24 at 8:34 am to TechDawg2007
quote:
What’s going on there?
It's a Christmas miracle. Must be a bug. No way that's true, unless someone is harvesting a rhodium asteroid.
Posted on 12/25/24 at 10:09 pm to CaptainJ47
Isn’t it one of the metals in a catalytic converter?
Posted on 12/25/24 at 11:35 pm to Methedup77
quote:
Isn’t it one of the metals in a catalytic converter?
Yep, platinum, palladium, and rhodium.
Posted on 12/26/24 at 1:13 pm to BigBinBR
Here’s hoping this is due to insider trading on the news that catalytic converters are going away. They can get rid of DEF too while they’re at it.
This post was edited on 12/26/24 at 1:14 pm
Posted on 12/26/24 at 1:30 pm to TechDawg2007
quote:Highway construction is about to explode with cheap Rhodium.
Rhodium down $3500/ounce overnight?
(Sorry, I just couldn't resist).
That is a huge jump, makes you think of the Hunt Brothers in 1980 with silver.
This post was edited on 12/26/24 at 1:32 pm
Posted on 12/26/24 at 2:39 pm to TechDawg2007
Rhodium can be extremely volatile. I tried to find a way to trade it, but there isn't an easily accessible way. I found one overseas EFT. I don't really want to buy physical rhodium, so it is what it is. I do love its volatility.
This post was edited on 12/26/24 at 2:42 pm
Posted on 12/29/24 at 7:07 am to Iowa Golfer
Anyone figure this out?
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