Point 3 goes against normal behavior of hot metals, which emit infrared or visible light as they get hotter. It's called black-body radiation, and it's why iron and steel glow in a blacksmith forge.
The "moving parts" may be due to heat waves moving through the air (see also: mirage at a distance)
Differential heating could give the illusion of transparency; really it would just be the metal glowing brighter where something hotter is on the other side.
The "moving parts" may be due to heat waves moving through the air (see also: mirage at a distance)