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':
Net long positions for gold have come off substantially in 2010, as shown in yellow below:
(Via Citi, Commodity Heap, Alan Heap, 19 March 2010)
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Full story at http://feedproxy.google.com/~r/businessinsider/~3/3Y3bAF6QyAc/citi-etfs-gold-holdings-start-to-slip-2010-3
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