foreign I don’t ever want to lose any bets I’m a degenerate I have a degenerate Gambler you know it’s not over till the fat lady sings no yeah that could swing you can swing 25 seconds and in today’s political climate like the fat lady guy sings or whatever I don’t know so last week on Monday yeah were we like three nine what was it like 390 yeah like 390 92 392. and then it got crushed it was 372 earlier it went down to like 360. at one point and then at least we got a little bit of a bounce we’re almost to 375 or 374 right now yeah so I still think I got a chance um I feel I mean as soon as I don’t know maybe there’s still squabbling about this goddamn debt ceiling why did it go down so much last week just because China came out and their their their industrial production numbers trade numbers weren’t nearly what people were hoping or expecting which I think is kind of says something about the world economy as a whole ECB came out raised rates and you know I think a couple

of these other countries are still trying to fight inflation pretty hard okay um so they’re trying to raise rates even though the economic climate is still tough so it’s not just America it’s got inflation everyone everybody printed a shitload of money yeah like what do you expect to happen when you print trillions of dollars I mean across the world not just America but yeah all these other countries were in the same boat they were worried about covid and this and that and I mean I which is a whole nother we can go into like a whole but whole other uh sidebar conversation but in general you printed a bunch of money you splashed the market the cost of everything went up and all of a sudden you’re wondering why you can’t slow down inflation I mean interest rates or whatever aside it’s there’s just an excess liquidity of of money still out there and they’re trying to mop it up you know yeah I put that video like that Tick Tock video of like the guy with a little bucket trying to put out like a commercial fire like that’s what’s going on like

you have this little ass bucket and you’re trying to put out a humongous fire and you’re gonna raise some interest rates slow down the economy kill the jobs and then what now you got a A comments breaking down and inflation is still high it doesn’t make sense but what do I know well so nickel’s getting crushed today everything everything just got crushed last week and yeah you know copper it seemed like the bleeding stop on copper but rhodium is getting its ass kicked nickel yeah rhodium is I don’t know we’ll see how that shakes down Platinum Palladium are up today yeah rhodium is just so thinly traded that you know big one move here there makes big swings um do you think these convert catalytic converter manufacturers are trying to get away from rhodium a little bit because it got so expensive you can try and get away with it but here’s the deal and I think anybody that’s in the converter you know industry would could tell you or anybody understands the science of the CO2 emissions right rhodium is really really good so they need it at its job because you need

this job I mean you need a little you need the Platinum you need the Palladium but rhodium is the metal that is the best at converting it taken down the CO2 emissions right that’s what it’s I mean that’s why it’s it’s so prevalent in any car that has a that’s like a hybrid right because you have all the stops and starts which is what it what creates most of your emissions or a truck like mine my truck line it’s got the auto stop yeah so it starts and stops yeah that stop stopping the motor starting it that’s when you get that burst of uh O2 emissions right well that’s where rhodium like shines and so if you have all these heavy emissions coming and if the big switch to the EV cars doesn’t take place or if it’s a slower transition than people think I think you there’s still an opportunity and I and I’m betting like and maybe I shouldn’t be making this bet um just like I shouldn’t be making the copper bat but I still think the rhodium of all the three Metals has the most opportunity a because got beaten

down the hardest but B because it’s so important to the O2 emissions guidelines that are they’re trying if they’re trying to push forward so even if the EV transition doesn’t take effect as as fast as people think it’s going to so it takes longer for people to start adopting all this electric vehicle technology then those Platinum Palladium and rhodium is going to be even more important in the next say five to ten years and you never know they might come out with studies or do more research where a true hybrid makes more sense you know it could be and if we’re still in the infancy right I mean you’ve got these big Automotive manufacturers that are losing billions yeah trying to convert these factories build factories to for these electric vehicles and I’m still I think the jury is still out in a big way like whether that’s something that actually gets all the way adopted or whether it’s just kind of like a a nicety that you know the upper class you know yeah more well off financially people can actually afford to participate because it’s going to be hard I mean it’s

a nice thought that it’d be you’ll have charging stations all over but that’s a good idea but can it actually happen in like a maybe low income apartment area like where people like barely can afford a car you know like are they going to be able to even charge it even if you can build the vehicle and sell it for let’s say half the price of a combustion vehicle um where are you gonna charge them all exactly where’s electricity going to come from where’s all the copper going to come from you know it I guess even if you can find a way to make it magically happen all of a sudden now you’re taking a a fuel like a fossil fuel oil that you can drill for right here in the United States and convert it into fuel and you’re basically taking that out of the equation in a big way and you have to go and create all this electric grid and all this um plug-in stations and making every House available to plug their car in at night and whatever else like that’s a transition think about how long it took

to make the transition from horse and buggy to like Automotive to a combustion engine and like what that how many years and decades that took you’re trying to cram it down the throat in a handful of years it just doesn’t happen overnight and I think that’s where I feel confident even on the pgms if you still want you can still meet emissions you can still reduce emissions by just having a quality converter on your in your amazing amazing technology yeah where you can still use gasoline so I’ve heard it said before and I strongly believe this and I believe this like converters aside but technology people get excited about technology think about just a year and a half ago when everybody’s talk talking about this metaverse and how this whole technology is going to change the world right where are we at today like a year and a half later two years later like is it still going on are they still trying to build it and tweak it yeah right but how many years or have they been talking about it and how many years are we away from it actually coming to

fruition well they’ve been talking about like the Apple glasses for so many years 10 years and they still we haven’t even seen the Gen one yeah you know and so I think of this EV technology it’s a trade right now people are trading lithium that’s why the price of lithiums went you know where it’s at people are anticipating all this copper being needed to produce all these electric vehicles and the grid and everything else I mean that’s why you’ve seen all these bullish articles on copper lately and the mind Supply not being there to handle it so you take those combining factors plus this initial this new emissions law they’re trying to cram through right and I mean it sets up bullishly for the pgms it sets up sets up bullishly for copper there’s just a lot of you know aluminum for the light weighting of the vehicles lithium nickel for the for the batteries I mean like on the base metal side and the PGM side it’s still bullish for our industry it’s still bullish for commodities that that we operate with every day right well we’ll see what happens real quick shout

out to all the moms out there Mother’s day was yesterday and we appreciate all you do for us Knuckleheads absolutely absolutely happy late Mother’s day and I hope everybody got to spend some quality time with their wives their mothers their grandmothers and all the important moms out there all right thanks everybody have a good week yep take care