Florian Grummes

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 chartanalysis 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: info@goldnewsletter.de.

Florian Grummes Articles

Since my last update gold posted a recovery. So far it´s not very spectacular, but it´s holding above $1,115 as I am writing this. The Mining Stocks (GDX and GDXJ) really exploded higher from their bottom on the 5th of August.
As written two weeks ago, Gold very likely is within its final capitulation. Crashing through the last support zone between US$1,130 and US$1,140 opened up the door towards my often announced target US$1,035-US$980.
Gold made a new five year low last Friday. It is hanging on the last inch of its support zone between US$1,130 and US$1,140. While my model has correctly been bearish since mid of June I personally thought that the positive seasonality,...
Two weeks ago I expected only a minor setback in Gold. That was obviously wrong. Gold came all the way down to US$1,155.80 during last Thursday. But at least we saw a bounce from the lows which left a bull-hammer on the chart. With the...
As expected Gold posted a rally towards US$1,205.70. While many market participants became extremely bearish two weeks ago I clearly pointed towards the important contrarian buy signals in CoT and sentiment. As well it looks like the Euro...
Gold´s price action over the last two weeks has been pretty weak. The 50MA (US$1,196) has been lost and it looks like Gold wants to break lower. Yet it did not close below $1,170 and bulls are starting a recovery since the lows from last...
As expected Gold managed to rally and exploded $50 higher within just five trading days since my last update. But with the same velocity all gains have been vaporized with two large down days. Another short-term top has been clearly...
The Model continues to be in strong Sell/Bearish Mode. On the positive side we have a new buy signal due to the falling Volatility. Also and even more important the CoT-Report is now looking much better. This indicator is still missing...
After two weeks of moving and filling around the US$1,200 level Gold finally broke down on Friday. I had anticipated the sideways trap since early April and explained my bearish outlook in my recent analysis as well. Last Monday I told my...
During the last two weeks the model changed from a buy signal to neutral and now to a sell signal. The GDX Daily-Chart is on a sell signal for the second week already while this weekend Gold in Indian Rupee, the US-Dollar Daily Chart as...

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