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Video: Weekly Commodity Forecast – Gold, Silver, Crude Oil for 7–11 October 2019

October 7, 2019 at 7:30 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 October 7–11, 2019. He starts the video by discussing the factors that were helping gold recently in its role of a safe haven. Phil also mentions that hedge funds and money managers cut their long positions on gold, silver, and crude oil last week. He continues the video by showing charts of the commodities, explaining what factors will be affecting price moves, and speculates how the commodities may perform this week. Additionally, Phil warns about trading too actively on Monday as prices often reverse their movement on Tuesday.

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