Metals - futures io
futures io



Metals


Discussion in Commodities

Updated
      Top Posters
    1. looks_one Sagal with 47 posts (28 thanks)
    2. looks_two SMCJB with 27 posts (39 thanks)
    3. looks_3 myrrdin with 22 posts (17 thanks)
    4. looks_4 Schnook with 7 posts (14 thanks)
      Best Posters
    1. looks_one Schnook with 2 thanks per post
    2. looks_two SMCJB with 1.4 thanks per post
    3. looks_3 myrrdin with 0.8 thanks per post
    4. looks_4 Sagal with 0.6 thanks per post
    1. trending_up 16,903 views
    2. thumb_up 107 thanks given
    3. group 29 followers
    1. forum 129 posts
    2. attach_file 29 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Metals

(login for full post details)
  #121 (permalink)
Sagal
Strasbourg, France
 
 
Posts: 122 since Mar 2019
Thanks: 33 given, 94 received

32 days left for the ingoldwetrust 2021 report
At least we have the 2021 Silver report
https://www.silverinstitute.org/wp-content/uploads/2021/04/World-Silver-Survey-2021.pdf

Reply With Quote
The following user says Thank You to Sagal for this post:

Can you help answer these questions
from other members on futures io?
Find the largest volumes in the cluster
NinjaTrader
Hey! How do I sell something on the same condition more …
TradeStation
Trempercom Tools including Decision Mgr focused on PROFI …
Trading Reviews and Vendors
Using fxd files in FXCM trading station
Platforms and Indicators
Brokers offering low commission on MicroBitcoin futures
Crypto Futures
 
 
(login for full post details)
  #122 (permalink)
 Tirutrade   is a Vendor
 
 
Posts: 21 since Sep 2016
Thanks: 4 given, 15 received


SMCJB View Post
I believe this is a headwind that Gold has been fighting this year. Flows out of Gold ETFs.

Here a detailed view:
Transparent Precious Metal Holdings - Gold/Silver - GCRU Gold News

Regarding demand in the PMs, we came to the conclusion there are different main areas of interest:
1. ETF flows
2. Physical demand, India, China, Central banks
3. Futures

Basically the aggregate of the above defines the market. Sometimes one area shows high demand, then the other.

Right now investment demand in western world = ETF seems to be low, however China and India imports are very high.

The situation overall looks very bullish now.
EUR shows very bullish behavior
Commercials in GC and EUR bullish like the haven't been in 1.5 years.

This suggest the bottom is in a we will see further strength in the precious metal market.

Reply With Quote
The following user says Thank You to Tirutrade for this post:
 
(login for full post details)
  #123 (permalink)
 Tirutrade   is a Vendor
 
 
Posts: 21 since Sep 2016
Thanks: 4 given, 15 received


Very useful free information can be found here:
GCRU Gold News

Reply With Quote
 
(login for full post details)
  #124 (permalink)
Sagal
Strasbourg, France
 
 
Posts: 122 since Mar 2019
Thanks: 33 given, 94 received

In addition concerning the outflows from ETFs from Nov 20 to March 21 eventually as well in April (to be confirmed) except Jan:
'Kitco quotes Juan Carlos Artigas, director of investment research at the WGC, stating that, while momentum in the gold market has definitely slowed compared to last year, strategist investors continue to see long-term value in the yellow metal and are providing critical support. Artigas also noted that investors also need to view the outflows in a broader context as last year saw historic ETF demand. “It is natural for the gold market to see some outflows as investors continue to take profits from last year’s record rally,” he said. “This is a natural rebalancing of the gold market.”

Reply With Quote
The following user says Thank You to Sagal for this post:
 
(login for full post details)
  #125 (permalink)
Sagal
Strasbourg, France
 
 
Posts: 122 since Mar 2019
Thanks: 33 given, 94 received



So ETF gold outflow in April is confirmed
https://www.gold.org/goldhub/data/global-gold-backed-etf-holdings-and-flows
but...see below and in addition from a TA perspective gold is breaking out (yesterday data not even taking account today's move), bitcoin and other cryptoassets are behaving well, so I'm quite confident...same for Silver and Platinum and Copper....

Reply With Quote
The following user says Thank You to Sagal for this post:
 
(login for full post details)
  #126 (permalink)
Sagal
Strasbourg, France
 
 
Posts: 122 since Mar 2019
Thanks: 33 given, 94 received

Ingoldwetrust report 2021 extended and short version
https://ingoldwetrust.report/igwt/?lang=en

For the rest Platinum is disappointing recently and gold and silver are on a rolling coast basis but still trending favorably. I know why I focus all my attention on these PM this year...

Reply With Quote
 
(login for full post details)
  #127 (permalink)
Sagal
Strasbourg, France
 
 
Posts: 122 since Mar 2019
Thanks: 33 given, 94 received

1- By the way did you all hear about Basel III (with Net Stable Funding Ratio (NSFR) requirement that will make holding unallocated gold problematic and would be bullish for allocated gold) coming into force for European banks on 28 June 2021 and at the end of the year for the other banks (unless there is a last-minutes postponement)?
According to the Basel III framework, gold will become a zero-risk asset.
https://www.zerohedge.com/commodities/end-paper-gold-silver-markets

2-
Quoting 
"May highlights
Global gold ETFs added 61.3t tonnes (t) (US$3.4bn, 1.7% AUM) in May, reversing three straight months of net outflows. We believe this to be largely a function of investment demand increasing with the price strength of gold, along with renewed inflation concerns in the market, a weaker dollar and lower real yields. Global assets under management (AUM) stand at 3,628t (US$222bn). 1 AUM is now only 9% shy of the August 2020 high of US$240bn and 7% shy of the October 2020 tonnage high of 3,908bn."


Reply With Quote
The following user says Thank You to Sagal for this post:
 
(login for full post details)
  #128 (permalink)
 SMCJB 
Legendary Market Wizard
Houston, TX
 
Experience: Advanced
Platform: Trading Technologies
Broker: Primary Advantage Futures. Also ED&F and Tradestation
Trading: Primarily Energy but also a little GE, GC, SI & Bitcoin
 
Posts: 4,147 since Dec 2013
Thanks: 3,464 given, 8,220 received

I know the CME Aluminum contract doesn't trade (yes there is a CME Aluminum contract and it traded 39 lots yesterday and has an open interest of 177 lots!) but none the less I found this Reuters story regarding the shift in Aluminum fundamentals as China becomes an net importer rather than exporter to be interesting.

Reuters :- World's largest aluminium producer still short of metal: Andy Home
https://www.reuters.com/business/energy/worlds-largest-aluminium-producer-still-short-metal-andy-home-2021-06-08/

Reply With Quote
The following user says Thank You to SMCJB for this post:
 
(login for full post details)
  #129 (permalink)
Sagal
Strasbourg, France
 
 
Posts: 122 since Mar 2019
Thanks: 33 given, 94 received

Concerning NSFR there is a good explanation p76 - 78 of the extended version of ingoldwetrust 2021 report.
I therefore made a mistake with the date of implementation:

Quoting 
"In many countries, the NSFR already has to be complied with; in the EU, it will be mandatory in full from June 28, 2021, and in the USA from July 1, 2021. The UK, whose jurisdiction includes the London gold market, has postponed implementation to January 1, 2022"

Concerning aluminium, difficult to follow the price evolution and to trade except indirectly I have in mind miners such as Rio Tinto with bauxite production exposal and others and they are included in ETF EU Stoxx 600 Basic Resources (in my portfolio).

Reply With Quote
The following user says Thank You to Sagal for this post:
 
(login for full post details)
  #130 (permalink)
 SMCJB 
Legendary Market Wizard
Houston, TX
 
Experience: Advanced
Platform: Trading Technologies
Broker: Primary Advantage Futures. Also ED&F and Tradestation
Trading: Primarily Energy but also a little GE, GC, SI & Bitcoin
 
Posts: 4,147 since Dec 2013
Thanks: 3,464 given, 8,220 received



job9 View Post
Hey! could you help me with my thesis?
I am job, a bachelor student at Wageningen university.
I made a questionnaire for my bachelor thesis about behavioral biases among futures investors. Would you please be a kind human being and take 2 minutes time to fill in my questionnaire. It will be appreciated!! You will get some good karma while trading futures 😉 the link to the questionnaire ->
https://wur.az1.qualtrics.com/jfe/form/SV_0VrhdubSFbVlUdU

Hey @job9 spamming the forums will just get you banned. Assuming this is for academic and not commercial reasons my advice would be to either
  • Create a new dedicated single thread asking people to take the survey and/or
  • Contact @Big Mike and ask him whether he can help you. If your lucky he may highlight your thread to other members.

Reply With Quote


futures io Trading Community Traders Hideout Commodities > Metals


Last Updated on June 13, 2021


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing

Your Trading Jekyll and Hyde w/Peter Davies @ Jigsaw Trading

Elite only
 

Our 12-year anniversary w/ $$,$$$ prizes (check soon)

June
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts