WEEK AHEAD COMMODITY REPORT: Gold, Silver & Crude Oil Price Forecast: 15

Easing geopolitical risk (reopening of shipping lanes), the end of a major liquidity drain from SpaceX's record IPO, and fading Fed rate-hike expectations are reallocating capital back into hard assets. At the same time, inflation remains sticky and central banks are diversifying reserves into bullion. Tight inventories and demand in industrial metals (e.g., copper) and continued structural demand for monetary hedges create a supportive, commodity-led macro backdrop that should push precious metals notably higher.

implicit

explicit

implicit

Gold (sharp up)

Gold & Silver Club 3.0
Market Research Firm
Phil Carr 6.5

WEEK AHEAD COMMODITY REPORT: Gold, Silver & Crude Oil Price Forecast: 15 - 19 July 2026

Gold; Silver; WTI

dxy

The interviewee states 'confidence in fiat currencies continues to erode' and 'central banks across Asia to the Middle East are still diversifying reserves into bullion', which implies a weakening outlook for the US dollar.

metals

Gold, silver, platinum, palladium all surged... Silver prices have broken out 15% off the lows. Gold prices have rallied more than 3,000 points... Gold's comeback trade may be only just beginning. The next move could take prices to fresh all-time highs over 2026.

5 calls

no reliable edge (random outcomes)

6/1/2026 10:10:19 PM	short term up	6 days later	-6.14%	-6.14%
5/21/2026 1:10:24 PM	short term sharp down	5 days later	-0.89%	+1.34%
5/14/2026 11:16:27 AM	short term cautious down	5 days later	-0.30%	+0.15%
9/17/2025 12:13:34 PM	short term sharp up	5 days later	+4.00%	+6.00%
9/1/2025 10:48:16 PM	short term sharp up	6 days later	+2.26%	+3.38%

Show all 5 metals results

ndx

The interviewee notes that the SpaceX IPO 'pulled money from equities' and that now 'markets are returning to fundamentals', suggesting a normalization rather than a strong directional move for the NASDAQ-100 in the near term.

rut

The interviewee describes a rotation 'back into assets that led the first phase of 2026's hard asset bull market' and mentions 'capital is beginning to rotate back', which could include small-cap value and commodity-related equities, but the Russell 2000 is not explicitly mentioned.

wti

Oil prices fell almost instantly... The peace deal may cool oil.

13 calls

-16

consistently off direction or weak follow-through

5/14/2026 11:16:27 AM	short term up	5 days later	-6.79%	-6.79%
5/11/2026 10:37:08 PM	short term sharp up	6 days later	+6.34%	+9.51%
5/11/2026 4:41:25 PM	short term down	6 days later	+6.34%	-6.34%
5/8/2026 7:47:04 PM	short term cautious down	7 days later	+10.80%	-5.40%
5/8/2026 9:23:04 AM	short term sharp down	7 days later	+10.80%	-16.20%
5/7/2026 12:52:01 PM	short term sharp down	5 days later	+5.87%	-8.80%
4/24/2026 8:43:13 PM	short term up	7 days later	+10.43%	+10.43%
4/24/2026 1:00:38 PM	short term up	7 days later	+10.43%	+10.43%
4/17/2026 11:27:18 AM	short term up	7 days later	+7.54%	+7.54%
4/9/2026 6:07:54 PM	medium term sharp up	20 days later	+8.80%	+13.20%
4/6/2026 10:05:36 PM	medium term sharp up	20 days later	-14.68%	-22.02%
4/4/2026 10:46:28 AM	long term sharp up	60 days later	-19.46%	-29.18%
3/30/2026 9:36:21 PM	medium term sharp up	20 days later	-11.61%	-17.41%

Show all 13 wti results

yields

The interviewee states 'Federal Reserve rate hike expectations fading' and 'lower rate hike risk', which implies bond yields are expected to decline or remain subdued as rate hike expectations subside.

Phil Carr

President Donald Trump has signaled the end of the US-Iran conflict, the reopening of the Strait of Hormuz, and the return of uninterrupted energy flows through the world's most critical shipping lane. Oil prices fell almost instantly. Precious metal prices skyrocketed higher. Gold, silver, platinum, palladium all surged as traders rapidly reassessed the postwar landscape.

These were positions discussed with you on last week's reports that we were buying at the swing lows when there was panic in the market, when the sentiment was absolutely terrible.
Phil Carr

The market's message was clear. With geopolitical risk cooling, energy inflation easing, Federal Reserve rate hike expectations fading, capital is beginning to rotate back into assets that led the first phase of 2026's hard asset bull market.
Phil Carr

For weeks, global liquidity has been distorted by the buildup to SpaceX's blockbuster NASDAQ debut under the ticker SPCX. The IPO raised $75 billion, making it the largest listing in financial history, valuing SpaceX above $2.1 trillion. That event alone pulled money from equities, bonds, even precious metals. Now that the IPO is over, markets are returning to fundamentals.

We're seeing gold, silver, platinum, palladium all rotate significantly higher. Silver prices have broken out 15% off the lows. Gold prices have rallied more than 3,000 points.
Phil Carr

With the US Federal Reserve rate hike expectations subsiding, gold was the top trade in January and February. That setup now looks even more compelling. Gold's recent correction created what many institutional traders view as one of the most attractive entry points of the year at roughly $4,300 per ounce today, rallying from $4,000 per ounce last week.

Gold remains up more than 185% since the start of 2020 when it traded near $1,500 per ounce.
Phil Carr

Traders should not mistake this short-term volatility for the end of the cycle. This has been a positioning reset. Weak hands sell into fear. Strong hands accumulate when value reappears. The fiscal backdrop has not improved. US debt remains elevated. Confidence in fiat currencies continues to erode. Central banks across Asia to the Middle East are still diversifying reserves into bullion.

Gold has become the world's number one reserve asset, reflecting a structural shift away from traditional currency dependence and towards hard monetary assets.
Phil Carr

At the start of 2026, the Gold & Silver Club declared this year would be the year of hard assets. Six months later, that thesis has strengthened. When one commodity breaks out, others rarely stay behind for long. Copper is already sending a signal to gold. Copper's rally has been driven by tight inventories, tariff concerns, electrification demand, data center expansion, and China's policy supports.

Historically, such broad commodity strength has acted as a powerful confirmation signal for all precious metals.
Phil Carr

The peace deal may cool oil, but inflation has not disappeared. Price pressures remain embedded across services, industrial inputs, and global supply chains. US inflation has moved back above 4%, whilst Eurozone inflation has returned to 3% for the first time since 2023. That combination creates the ideal backdrop for gold: lower rate hike risk, sticky inflation, and renewed demand for monetary hedges.

Gold is sitting near a key long-term technical zone with sentiment washed out and positioning resets. Historically, those conditions have often preceded explosive recoveries. Corrections like this don't kill bull markets; they prepare them for the next advance.
Phil Carr

With the war over, oil flowing, the SpaceX liquidity drain fading, and hard assets already leading global markets, gold's comeback trade may be only just beginning. The next move could take prices to fresh all-time highs over 2026.

The biggest fortunes in commodities are made by those who recognize the shift early, before positioning becomes crowded. The trend is not emerging; it is established. The macro case is no longer speculative; it is strengthening.
Phil Carr

Here at the Gold & Silver Club, we are consistently banking over 10,000 points profit per month, fully documented in our weekly videos. If you're trading at one lot, that equates to $100,000. If you're trading at 10 lots, that equates to $1 million.

Many of our clients utilizing our proprietary research-driven trading approach are generating six, seven, and eight figure annual returns.

SignalTube