{"id":293273,"date":"2010-02-08T11:58:00","date_gmt":"2010-02-08T16:58:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/commodity-speculation-surging-2010-2"},"modified":"2010-02-08T11:58:00","modified_gmt":"2010-02-08T16:58:00","slug":"citi-oil-and-gold-bullish-speculation-surges-now-at-the-highest-level-in-a-decade","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/293273","title":{"rendered":"Citi: Oil And Gold Bullish Speculation Surges, Now At The Highest Level In A Decade"},"content":{"rendered":"<div style=\"float: left; padding: 15px 15px 15px 0;\">\n<script type=\"text\/javascript\">\/\/ <![CDATA[\ntweetmeme_source = 'moneygame'; tweetmeme_service = 'bit.ly';\n\/\/ ]]><\/script><br \/>\n<script src=\"http:\/\/tweetmeme.com\/i\/scripts\/button.js\" type=\"text\/javascript\"><\/script>\n<\/div>\n<p>Speculators are roaring back into commodities according to Citi investment Research&#8217;s Alan Heap. Developed nation demand could be the next growth story to boost prices, finally rebounding post crisis. Developing nations will continue their demand growth as well.<\/p>\n<p style=\"padding-left: 30px;\"><span style=\"text-decoration: underline;\">Alan Heap @ Citi:<\/span> <strong>End Uses are Improving.<\/strong> In the USA the major end uses &ndash; auto production, construction, housing starts, packaging, appliances, housing are improving, with autos in the vanguard, housing the laggard. So it&rsquo;s all in front of us. We expect demand to turn positive in coming months and the restocking amplifier, after two years of inventory drawdown, will be powerful.<\/p>\n<p>For commodities overall, net long positions are rising, as shown by the black line below.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4b703e7e0000000000452d66\/chart.png\" border=\"0\" alt=\"Chart\" \/><\/p>\n<p>Moreover, Oil has attracted massive long-biased interest. Oil&#8217;s net long position is near the highest level it has been all decade, as shown by the yellow line below.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4b703ec00000000000329040\/chart.png\" border=\"0\" alt=\"Chart\" \/><\/p>\n<p>Finally, gold traders remain massively net long. &#8216;Gold is surging&#8217; according to Alan Heap. Net long positions could soon achieve a new high.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4b703f23000000000094104e\/chart.png\" border=\"0\" alt=\"Chart\" \/><\/p>\n<p><em>Add my twitter for more research analysis like this: @vincefernando<\/em><\/p>\n<p><em>(Via: Citi, &#8216;Commodity Heap&#8217;, Alan Heap, 5 February 2010.)<\/em><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/commodity-speculation-surging-2010-2#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/citi-loses-two-bankers-to-hedge-funds-over-prop-trading-concerns-2010-2\">Citi Loses Two Bankers To Hedge Funds Over Prop Trading Concerns<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/gold-is-always-about-expectations-and-never-about-actual-inflation-2010-2\">Citi: Gold Will Be Annihilated If Inflation Doesn&#8217;t Pick Up Soon<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/gartman-commodity-markets-are-as-strong-as-an-ox-2010-2\">Gartman: Commodity Markets Are Looking Very Strong, But There&#8217;s An Insane Amount Of Corn Out There<\/a><\/li>\n<\/ul>\n<p><a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/KaS2HBD-GrDE5ck5WGkcADZWbBE\/0\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/KaS2HBD-GrDE5ck5WGkcADZWbBE\/0\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><br \/>\n<a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/KaS2HBD-GrDE5ck5WGkcADZWbBE\/1\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/KaS2HBD-GrDE5ck5WGkcADZWbBE\/1\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?a=39nq1ch3yC0:ioxltIDfIMM:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?a=39nq1ch3yC0:ioxltIDfIMM:F7zBnMyn0Lo\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?i=39nq1ch3yC0:ioxltIDfIMM:F7zBnMyn0Lo\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?a=39nq1ch3yC0:ioxltIDfIMM:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?i=39nq1ch3yC0:ioxltIDfIMM:V_sGLiPBpWU\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?a=39nq1ch3yC0:ioxltIDfIMM:qj6IDK7rITs\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?d=qj6IDK7rITs\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?a=39nq1ch3yC0:ioxltIDfIMM:gIN9vFwOqvQ\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?i=39nq1ch3yC0:ioxltIDfIMM:gIN9vFwOqvQ\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/greensheet\/~4\/39nq1ch3yC0\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Speculators are roaring back into commodities according to Citi investment Research&#8217;s Alan Heap. Developed nation demand could be the next growth story to boost prices, finally rebounding post crisis. Developing nations will continue their demand growth as well. Alan Heap @ Citi: End Uses are Improving. In the USA the major end uses &ndash; auto [&hellip;]<\/p>\n","protected":false},"author":809,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-293273","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/293273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/809"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=293273"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/293273\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=293273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=293273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=293273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}