Florian Grummes
Gold Market Analyst & Author
Florian Grummes (born 1975 in Munich) has been studying and trading the Gold market since 2003. In 2008 he started publishing a bi-weekly extensive gold analysis containing technical chart analysis as well as fundamental and sentiment analysis. Parallel to his trading business he is also a very creative & successful composer, songwriter and music producer. You can reach Florian at: [email protected].
Florian Grummes Articles
As the price of gold continues to flirt with the psychological resistance of USD 2,000, having gained a respectable 8.3% over the past year, mining stocks have failed to yield returns. Mining Stocks – Unpopular Yet Promising.
Commencing from the low on October 6th at USD 1,810, the price of gold surged by nearly USD 200 or 11% in the subsequent three weeks, reaching USD 2,009. A two-week retracement brought the prices back to the 200-day moving average (back...
In late April, we timely warned about a topping process in the gold market and expected prices to pull back towards USD 1,900 over the following weeks. On June 29th, with gold reaching an intraday low at USD 1,893 we turned bullish.
Over nine weeks have passed since the last peak in gold. During this time, gold prices have fallen by 8.4%, from USD 2,067 down to USD 1,893. While the initial wave of this correction was fairly decisive, market participants have been...
The Midas Touch Gold Model illuminates the gold market from many different perspectives with a rational and holistic approach. It convinces with its versatility and its quantitative measurability. While rooted in extensive data, the model...
Since reaching a high of USD 2,067 on May 3rd, the bears have taken control of the gold market. In an initial wave down lasting about three and a half weeks, they pushed the price of gold down to USD 1,932.
While US regulators are racing to secure the sale of California bank First Republic, the US banking crisis continues and is far from being over. Gold, on the other hand, remains the currency of last resort and has no counterparty risk. It...
It´s been a tough six weeks of deep corrective price action in the gold market since our last analysis “Gold – Rally is losing momentum” had been published. From its top on February 2nd at 1,959 USD gold sold off 7.91%. Last week saw a...
Gold so far has seen a very good start into the new year. Driven by an extremely tense geopolitical situation (Cold War 2.0) as well as a weaker US-Dollar and the threat of U.S. insolvency (“debt ceiling”), the price of gold was able to...
With the early failure of the summer rally at 1,807 USD, the outlook for the gold market quickly deteriorated again since mid-August. As a result, the bears were able to push gold prices without much resistance below the important support...
