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Video: Weekly Commodity Forecast – Gold, Silver, Crude Oil for 29 July – 2 August 2019

July 29, 2019 at 13:02 by Vladimir Vyun

In the present video, Phil Carr from The Gold and Silver Club provides an outlook for gold, silver, and crude oil for the week of July 29– August 2, 2019. He starts the video by discussing fundamental factors that were affecting the commodities during the past week as well as factors that will be affecting the commodities during this week. Phil proceeds then with a discussion of charts of the commodities. He points out that a pennant pattern is forming on the chart of crude oil. He also mentions that hedge funds and money managers reduced their net long positions on gold and crude oil. The video concludes with a brief discussion of the recent moves of platinum.

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