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Video: Gold in Middle of Week May 25-29, 2020

May 26, 2020 at 17:36 by Vladimir Vyun

In the present video, Phil Carr from The Gold and Silver Club talks about gold in the middle of the week of May 25–29, 2020. He discusses where prices may go in the future and what factors can affect that. He reminds us that last year metals broke to the upside in June after a pullback at the end of May, and the same can happen this year. The fact that hedge funds and money managers have started to increase their net long positions adds to the probability of an upside breakout. Ultimately, Phil expects range-bound trade for some time followed by an upside breakout.

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