One of our indicators looks at activities amongst the precious metals used in industry. One group of the these metals is called "the platinum group", and includes platinum, palladium, and rhodium. These platinum group metals are all used as elements called catalysts, and are found in nearly every automobile, as well as in refineries, chemical plants and pharmaceutical factories. As the economies of the world dig out of their recessionary doldrums, demand for these materials will rise, and their prices, if history repeats itself, will all go up as well. One of these metals is particularly inflexible in terms of supply and demand - that is rhodium. Rhodium is currently trading for $1200-$1300 per ounce. Prior to the Great Recession, it was trading at just about $10,000 per ounce! As a medium to long term investment, we have purchased a small amount of rhodium, with the expectation that it will again trade at levels much higher than now, but perhaps taking 3-8 years to achieve that goal. But for now, this is one of our uses for the information contained in the AdvancedProjections Recession Indicators.
