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Video: Weekly Commodity Forecast – Gold, Silver, Platinum. Crude Oil for May 18-22, 2020

May 17, 2020 at 23:41 by Vladimir Vyun

In the present video, Phil Carr from The Gold and Silver Club talks about gold, silver, platinum, and crude oil for the week of May 18–22, 2020. He starts the video with the discussion of the recent surge of prices for precious metals, with gold reaching a new 7-year high. Next, he shows charts and speculates whether the metals can go even higher. As for crude oil, there is still a danger that traders will start selling the front-month contract en masse as it near the expiry date, the same they were doing last month. Nevertheless, crude looks rather bullish for now, and it may be dangerous selling it until signs of a trend reversal become apparent.

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