Citi: ETF Gold Holdings "Slipping", Demand Starts To Wane

Citi’s Alan Heap notes that ‘Speculators are turning bearish and net longs are contracting.’ for commodities overall. In particular, ‘Gold ETF positions are slipping from a high level’:

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Net long positions for gold have come off substantially in 2010, as shown in yellow below:

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(Via Citi, Commodity Heap, Alan Heap, 19 March 2010)

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