The exchange is using its electronic platform LMESelect, which was already available to LBMA market-makers such as JPMorgan and Societe Generale. As said, metals overall stable - just be sure about money movements as there's a lot to consider before setting up your next extended long position swing trade.
It's more about the powerful leveraged interest rate and currency markets in relation to metal pricing. CME and Thomson Reuters in charge without much regulatory oversight !! CME has the largest US futures and option exchange - number 2 worldwide. So I question futures trading and electronic trading in regards / control to real (actual) supply and demand with the physical.
This also brings up the age old subject of high speed computer trading with rogue traders behind the
wheel. Dark pools will still exist as with currencies, created patted derivatives and interest rates.
Did you go to: ---- OCC’s Quarterly Report on Bank Trading and Derivatives Activities. This information is so valuable to me in setting up swings and even shorter trades. The tons of colored graphs and data with knowing just a little about finance, economics and deal making should greatly assist you.
If you want to make the most out of swing trends, include the Comptroller of the Currency
Administrator of National Banks sites.
Shiftsuper: Your gut feeling was correct. There's a small percentage of those that use Yahoo boards that have psych and personality disorders.
Where's my little friend who's had at least ten IDs over the last five years. I getting to like your red because it shows that you are a loser. Learn to trade.
Cummingbass: As I said before, you have it going. When you posted "The Fix" in concert to many of my posts on derivatives, I knew you understood an important aspect of commodity movement. Some of what I post is related to swing or longer term movement.
“While we see clear catalysts for the recent rally in gold prices, this move has been large relative to US real rates which are a key input into our forecasts and benchmarking of gold prices. As a result, we see potential for a meaningful decline in gold prices towards the level implied by 10-year TIPS yields, which our rates strategists expect to rise further this year...
The recent move was relative to US real rates, nothing new, along with world tensions. Banks use unregulated derivatives - impenetrable or smart derivatives. They use index swaps - IRS CDS, cleared OTC interest rate swaps and non OTC directs. They straddle this with OTC London gold forwards. This is important stuff to watch for those that swing trade over day trading. So all this has weight on their currency swap control for international deal making including M&A.
The recent swing had a little profit withdrawn, but I'm looking for stable gold/silver in months ahead.
September and November on my charts. Goldman Suks is talking on both sides of their mouths again. Hate their media bashing of gold, while telling their high wealth clients to buy gold.
Derivatives, unlike other financial assets, are not regulated. In the stock market, there are restrictions on how much you can borrow against your assets. Many international banks are relocating their assets - a world economy bet. There been several structured banking deals (direct and indirect sponsor) including M&A in the last few weeks. Interest rate talk from Janet is what was needed. The FED is also bullish on a 8000 DOW. THIS IS their thinking, but I'll take currency / commodity insurance associated plays from their use of derivatives.
Just one bank that I've been watching is CITI. They may sell a lot of assets. I heard a confirming statement on CNBC today, from one of their talking traders. Banks control money and fund investment controls EXK. If one isn't watching banking use of derivatives per rates, then I wouldn't be investing in the commodity space.
It's really important to say from last paragraph - last post - ' Not only the US economy, but world economies as macro.' Just watch interest rate bets by banks from banking disclosure and reporting sites.
Mainman: I like to swing trade here. I can make better easier money day trading other stuff.
I agree with you about the risks with options, but I often find apparent reasons these days in directional movement. I follow banking derivatives over the price of silver. This is of small value for a day trade, but it will help in a nice several day swing or up to a few weeks or maybe months. We haven't seen rolling months for a while, but I agree it might happen again.
Pick something of value, make bets on the future value of "something", add contract & you have a derivative. This is how banks are now playing. They play the reflections on interest rates that reflects the economy as macro. A while ago, I believe that I wrote my best posts about this.
So far today higher. I have posted over and over what I watch. I believe that I have called several nice movements, longer than a week. What do you watch for direction, longer than a day?
Posted this on March 26....
Make it simple - keeping it simple is just fine for mining stock investors.
Look for US interest rate news. A plus is to also watch China rates. Watch Yellen for continued talk on rates. Some FED voting members disagree on the time to raise rates. If the FED and Janet stop the talk about raising rates this year, --- $$$
"So many black swans circling U.S. reserve currency status." Great post - a banking $ reason behind all of this is: Investment banks have been buying fixed-for-floating-rate swaps and buying gold. I saw this three weeks ago as I started to post super bullish. I said this would not be a quick swing trade. Internals - gold to be mined - will also give EXK support, but we may see a few down days in the nearer term.
MSN - Investing --- EXK number one gold/silver miner to own. I would expect an announcement on El Cubo gold, but then again Mr Cooke likes conference calls. It's been years since I'm seen so many private/public studies done on a mining location. Often private studies are followed by M&A activity. Possible, because Sebastian is also prime golden.
There are over 20 EXK research reports ( geo studies) completed this year with most published in May. Mostly about the gold - El Cubo. I listed several references two days ago.
With the exception of the book by Riki Girnius, all data was published this year. The Geo satellite (C) mapping will hurt your eyes.