I Dont Like To Make Predictions On Metals But.....

Indeed they do... especially when purchased in a Roth IRA brokerage account.

I avoid options and futures. Getting "sophisticated" is for those who are really into the nuts and bolts of investing and can afford substantial losses. It's WAY to easy to out-smart one's self with these investing vehicles. Things can come out of left field with no warning whatever and smack one upside the head when they least expect it.

What do you guys think of rhodium?

WOW!!!

talk about a small niche market!! All metals can work. IT comes down to tho, supply and demand. I remember couple years back when this one you mention was indeed ripping because the market is so small that any sort of perceived demand made it shoot up. Keep in mind that works on the way down too...

However, many of these metals are right now just in limbo as theres enough supply. As an example many rare earths are just dead and going lower for the time being, I believe rhodium falls under this rare earth group. As of yet this metal has joined its big brother Platinum and that would be because market participants have more liquid trading in it versus rhodium.

One metal I have been watching that is not a PM is nickel, it looks like its attempting to slowly grind out of its lows. Usually these metals dump and go lower until supply is depleted AND production cuts go so deep that eventually the price causes a ramp up. we'll see.

update-

Plat and Pal continue to lead the PM metals.

Palladium is acting extremely well, making 52 highs, digesting them with a shallow pull back in price and making another yearly high. Also see PALL.

Platinum also is acting well tho not leading. However it has done holding its gains and it appears to be back filling and holding its price. The more we get of this in the coming days and the higher the chances that we can see a continued move up.

Remember if you don't feel comfortable using/buying physical coins for this price movement in palladium and platinum you can use futures or via the stock exchange use PALL or PPLT.

Seems to me that PMs are a pretty good investment at this time. These are metals that are becoming short in supply due to other uses and depleting reserves. Being that the economy is in a very fragile position it would seem to be worth the small risk to pick up some PMs now. The Central Bank can only print so much money before it becomes worthless as the debt continues to grow. PMs will start to increase in value as the monetary system worsens.

Well, its a been a nice week for the leader of the PMs, and that is Palladium. Yearly highs made, dips are being bought and its a nice slow grind, exactly what you want to see. the trend is very strong and we should see more yearly highs on this grind up.

Next up is platinum tho is lagging palladium but its still working better than gold and silver. It continues chopping around in a range and it is clear that dips are being bought for now. The more it grinds in this price area the higher the likelihood that this sets up to rip higher. Keep an eye on it.

Finally we bring up our two laggards. Silver and gold. At best, I think they remain range bound. My take is money is rotating out of these two PMs and going into other assets such as equities and other stronger commodities. Should be interesting to see if they move lower but my humble opinion is that at BEST these are range bound. Therefore it might be best to wait out and see if we can get more direction because eventually, this range will be broke and when it does it will tell us if it is going higher or lower. BTW, keep in mind, we could stay range bound for a LONG time.

In the end, the marketplace will decide where we go. We could speculate that it has to go lower and we could speculate that it goes higher. So lets just wait and see where it breaks.

If you want to buy gold and silver, just nibble, don't go whole hog. Last thing I want to see is my fellow coin collectors/stackers/investors on this forum buy hand over fist and then find out they could have gotten a better price.

Finally, I been super busy with work but if you want to get involved in Plat or pal, I suggest the best options for here- using two market ETFs, PALL and PPLT. Look them up online, if anyone has questions on these two feel free to ask and i'll help you out.

Also, I been taking a quick glance online and there are 1 oz palladium bars, goldmart seems to have the best price but auctions ebay seem to offer the best deal overall.

update-

well as of today, I am surprised by unrelenting buying in palladium. market thus far looks well supported with dip buyers and I was thinking pull back, yet we keep pushing on the yearly highs, very strong trend.

Perhaps all this buying will come to a climax then pull back. Or a slow grind. I am not sure but the trend is strong. A gap up in price and I wouldn't mind selling into it. We'll see, as always the market is always right

platinum also continues its grind ala sideways but this kind of price action leads to an eventual move. In this case, we can all guess till we are blue in the face but I would put the probabilities on a move higher when its ready, taking a big clue from palladium.

Gold and Silver ehhh,,, to keep it simple still for now just chopping around, to me its the no mans land scenario for now.