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Schmidt’s gold thoughts

Appears Scotty got it wrong again. We said to beam us up, and he beamed us back. All of a sudden we seem to have returned to 2008. Perhaps, though, we should not be so tough on Scotty. The Federal Reserve had a hand on the controls too, continuing the longest running stretch of asset price distortions in all of history. Think of 97-year-old sports team with one winning season, 1953.

Rhodium trading thoughts

Given some adverse short-term developments, Rhodium has held up quite well. Japanese earthquake is having some impact on automobile production. Rhodium is one of the catalysts used in converters in the auto industry.

Schmidt’s gold thoughts

What a wonderful and glorious time to talk with you. With a reduction in U.S. government spending to avoid a shutdown of the government, greatest political change in 60 years of U.S. history has taken another step. What are the implications of this historic event?

Schmidt’s gold thoughts

Why do you suppose that gasoline prices at stations on the corner near your home generally post the same price? While the companies might contend that their product’s secret additive will make your car run faster, last longer, and cause your love life to be better, most of us cannot tell the difference.
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Rhodium trading thoughts

Since we last visited rhodium, the news has been favorable for the future value of the metal. Deutsche Bank announced the creation of an ETC, Europe’s version of an ETF, for rhodium. While that news is favorable, seems the market got a little ahead of the reality.