Friday, March 24, 2017

Rhodium is going crazy!

I've been bullish on rhodium for a while and wrote an article about it in SA. It really is performing well, up almost 30% since Jan 1 and 4% in the last two days.
I really don't know what is going on short term, but I still like the long term. It is only mined as a byproduct of platinum and palladium. The miners of those metals are in trouble, so we will likely see production down. Meanwhile, demand remains good from a wide variety of industries. Here's a chart of the price:
Still, even now it's really cheap on a long run basis: