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
Long-Term nothing has changed. Precious Metals bull market continues and is moving step by step closer to the final parabolic phase (could start in summer 2014 & last for 2-3 years or maybe later).
As Marc Faber put it: "Gold is bottoming out here. We have a lot of bearish sentiment and a lot of bearish commentaries about gold, but the fact is that...prices are probably in the process of bottoming out here".
As in my last analysis expected the sentiment was so depressed that Gold had to rally.
Despite the long-term positive fundamentals for Gold & Silver the technical picture continues to be quite challenging. The chances for a surprising turnaround and a new rally are pretty high due to the extraordinary depressive...
My last analysis has was wrong, as Gold was not able to hold above important support around US$1,355. Instead Gold sold off sharply in front of last week´s FED meeting.
Fundamentally, Gold is now starting to move into the final 3rd phase of this long term bull market. 1st stage saw the miners closing their hedge books, 2nd stage continuously presented us news about institutions and central banks buying or...
Fundamentally, Gold is now starting to move into the final 3rd phase of this long-term bull market. The 1st stage saw the miners closing their hedge books – and the 2nd stage continuously presented news about institutions and central banks...
