Commodity Blog

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Video: Weekly Commodity Forecast – Gold, Silver, Crude Oil for 30 September – 4 October 2019

September 30, 2019 at 11:14 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 30 – October 4, 2019. He starts the video by recapping the last week’s events and price moves as well as mentioning that hedge funds and money managers increased their long positions on gold but reduced bullish positions on silver. Phil continues then by discussing commodity charts and explaining factors that will be affecting the commodities in the immediate future. He also warns about dangers of trading on Monday, especially during a volatile end of a month, as prices often tend to reverse their movement on Tuesday.

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