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Video: Weekly Commodity Forecast – Gold, Silver, Crude Oil for 2–6 September 2019

September 2, 2019 at 18:01 by Vladimir Vyun

In the present video, Phil Carr from The Gold and Silver Club talks about gold, silver, and crude oil for the week of September 2–6, 2019. He starts the video by talking about the performance of the commodities last week and factors that were affecting them. Phil also mentions that hedge funds and money managers increased their net long positions on gold and silver while decreasing them on crude oil. The video then proceeds to show charts of the commodities and discussing them. Phil warns against being overly bearish on gold if it continues to move down, pointing out that the previous pullbacks ended with breakouts to the upside and also that other precious metals surged on Friday, and bullion is likely to follow them.

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