Amrita Sen - Buzzberg

Date	Ticker	Direction	Thesis	Source
Feb 12, 2026	COMMODITIES /ENERGY	LONG	"The market has been much too bearish... runs in January were up two million barrels a day... inventories are still low." The consensus view (IEA) predicts a surplus, but physical market data (refining runs) shows tightness. Furthermore, China is stockpiling commodities not for consumption, but for strategic reserves (Taiwan preparation), creating a price floor and demand shock the market hasn't priced. Long Oil and Refiners as the "glut" narrative fails to materialize. Global recession crushing organic demand; rapid de-escalation of geopolitical tensions.	Bloomberg Markets Nuveen to Buy Schroders in £10B Deal \| The Pu...
Feb 12, 2026	GOLD	LONG	"The big new player is Tether... they were the biggest buyers in the market [last two quarters]." Demand for Gold is evolving from just a "fear trade" to a "diversification trade" for the digital economy. Stablecoins and non-US central banks are systematically dumping US Treasuries for Gold to sanction-proof their reserves. Long Gold targeting $6,000/oz. Strong US Dollar or high real rates making non-yielding assets less attractive.	Bloomberg Markets Nuveen to Buy Schroders in £10B Deal \| The Pu...