Precious Metals: Stocks and ETFs
futures io futures trading



Precious Metals: Stocks and ETFs


Stocks and ETFs

Created November 1st 2011 by Tiberius
Updated September 27th 2016 by KBal
looks_oneTiberius with 71 posts (89 thanks)
looks_twoisatrader with 36 posts (56 thanks)
looks_3Underexposed with 4 posts (1 thanks)
looks_4emini_Holy_Grail with 2 posts (0 thanks)
 
trending_up21,366 views
thumb_up152 thanks given
forum124 replies
attach_file219 attachments



Welcome to futures io.

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

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

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

Reply
 
Thread Tools Search this Thread
 

Precious Metals: Stocks and ETFs

  #121 (permalink)
Market Wizard
Coos County New Hampshire
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IB
Favorite Futures: ES
 
Tiberius's Avatar
 
Posts: 1,552 since Feb 2010
Thanks: 2,955 given, 3,397 received

Simon or EWI says

Gold is in rally mode via the above. Today must be a wave 2 pull back.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Tiberius for this post:

Can you help answer these questions
from other members on futures io?
trying to create scanner that searches for 5 minute can. w/ vol over 1 mil and price
ThinkOrSwim
I converted Fibonacci Retracement tool to a Risk/Reward tool - I would like some addi
ThinkOrSwim
Multiple working buy/sell order with preset SL and TP - Getting Error
NinjaTrader
More order types or programmable trading
Stocks and ETFs
Paintbar/indicator to Strategy help
EasyLanguage Programming
 
Best Threads (Most Thanked)
in the last 7 days on futures io
ES futures Spoo-nalysis SP500/SPX
365 thanks
Recession? Depression? Bailout!
177 thanks
Is Orderflow An Outdated Concept?
168 thanks
Coronavirus COVID-19
165 thanks
Opening Range Revisited...Still Relevant?
31 thanks
 
  #122 (permalink)
Richmond, VA/USA
 
 
Posts: 35 since Nov 2012
Thanks: 3 given, 11 received

Long term opinions on XME

Hello,
I was wondering what everyone thinks about the long term prospects for XME, especially considering the Chinese steel output. At ~$16.00, it is at a historic low, so I am thinking about building a long-term position (10-15 years) in it, and also selling calls against it to lower my basis in it, especially if it continues even lower.
Normally, that time frame is long enough for just about anything to turn around; but are their structural changes that could mean the end for steel (which makes up a rather large portion of the ETF) in America?
To be honest, I would prefer to use this same strategy on something like PICK, which has a more global and diverse makeup, but the options volume is too low to sell calls.

Thoughts?

Reply With Quote
 
  #123 (permalink)
Mesa, Arizona
 
Trading Experience: None
Platform: NinjaTrader
Favorite Futures: ES at the moment
 
Posts: 15 since May 2016
Thanks: 12 given, 7 received

Weird price spike on chart of NUGT after hours


I'm new to trading, but the two very momentary and very large spikes that happened during after hours trading with the NUGT ETF look really weird to me.

Has anybody seen this sort of thing before, and if so could you tell me what causes it and what it might indicate is coming?

Attached Thumbnails
Precious Metals: Stocks and ETFs-nugt-21.91-0.30-1.pdf  
Reply With Quote
 
  #124 (permalink)
Evans, GA
 
 
Posts: 31 since Sep 2016
Thanks: 14 given, 35 received

After Hours Spikes:


Mesa View Post
I'm new to trading, but the two very momentary and very large spikes that happened during after hours trading with the NUGT ETF look really weird to me.

Has anybody seen this sort of thing before, and if so could you tell me what causes it and what it might indicate is coming?

My understanding of spikes like you show here with large price divergence, is apparently someone was desperate for some shares at a higher price and paid an ask price at a much higher price than the close because they were the only shares available at that time. I've seen it before in stocks such as GME and ATVI, and I've often wondered if something fishy was going on.

ATVI record High 47.74 in AH Trading. Record High During Regular Hours is 45.12

I've noticed it on a day right before a sell off that the pre-market prices of GME will be higher but no volume, I've never bothered to check Number of shares traded pre-market though. Then from that pre-market high and Open they will sell rapidly. I often wonder if it isn't some type of market maker price pushing in that area. Trade enough shares to get the price elevated for a good short position, and then on open immediately execute the short sell at that open price and drive the price down rapidly by filling all the orders in range. Knowing that there would be no way for price to recover, they would have nearly a risk free short position. Not that I think that has anything to do with the small volume trade made in NUGT. But if anyone has anymore information on Price Fluctions like those I have noticed in ATVI and GME I'd like to know more.

Why-do-stocks-sometimes-have-spikes-after-hours Do a Quora search and they have all kinds of responses, but mainly low volume and wide bid ask spreads.

Reply With Quote
 
  #125 (permalink)
Evans, GA
 
 
Posts: 31 since Sep 2016
Thanks: 14 given, 35 received

Long Term Opinions on XME


psears View Post
Hello,
I was wondering what everyone thinks about the long term prospects for XME, especially considering the Chinese steel output. At ~$16.00, it is at a historic low, so I am thinking about building a long-term position (10-15 years) in it, and also selling calls against it to lower my basis in it, especially if it continues even lower.
Normally, that time frame is long enough for just about anything to turn around; but are their structural changes that could mean the end for steel (which makes up a rather large portion of the ETF) in America?
To be honest, I would prefer to use this same strategy on something like PICK, which has a more global and diverse makeup, but the options volume is too low to sell calls.

Thoughts?

Over the longer term it's possible, but I don't know if right now is where you would want to average down from. Short term it may rise higher but I don't look for it to set a new high until Oil Stabilizes above $50 per barrel. Below that it is not sufficient to bring Oil Rigs online and they are a big user of steel. With demand for Oil being saturated I don't see Steel or X surpasing their highs this year, and look for them to return to lower levels over the winter. I could be wrong and they continue higher from here, but I know I bought US Steel in Feb March and sold it for a good profit. I chased it buying more on the way down and it ate into those profits. I've recently bought and sold US Steel to soon so my opinion may be skewed. XME may be a safter bet than a single stock, but if you can get a deal on X like from an analyst downgrade it could be a good long term investment as well.

I would post a link, but I haven't made enough posts, so google search " Are Oil Rigs Big Consumers of Steel " to get some backstory on my opinion.

I am looking at drillers, and have a base of a position in RIG and DO on the latest downgrade. Of the Opec meeting is a bust and Oil price retreats further RIG and DO are attractive long term plays based on an Oil Recovery at some point. If Oil ever gets back to $75 a barrel these drillers will be valued 8-10 times what they are at the present. This all just an opinion and is my personal strategy for a longer term play at the moment.

Regards,

Kevin B

Reply With Quote

Reply



futures io Trading Community Traders Hideout Stocks and ETFs > Precious Metals: Stocks and ETFs

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

futures io is celebrating 10-years w/ over $18,000 in prizes!

Right now
 

$250 Amazon Gift Cards with our "Thanks Contest" challenge!

Right now
 

Social Media Predictive Data for Traders w/Joe Gits @ SMA [and Lime Brokerage]

Apr 9
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
The MARKET, Indices, ETFs and other stocks Tiberius Stocks and ETFs 105 March 13th, 2015 01:43 PM
Trader gets $1 million penalty for metals manipulation kbit Traders Hideout 0 July 25th, 2011 07:31 PM
Stocks and ETFs Trading Subforum Big Mike Stocks and ETFs 0 October 28th, 2010 12:06 AM


All times are GMT -4. The time now is 01:55 AM. (this page content is cached, log in for real-time version)

Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, 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