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: info@goldnewsletter.de.

Florian Grummes Articles

Fundamentally, Gold should soon start the final 3rd phase of this long-term bull market.
Fundamentally, Gold should soon start the final 3rd phase of this long term bull market.
Mr. Gold-market has finally and clearly spoken. We are back above the 200-MA (US$1,309.79) for the first time within a year.
More and more it looks like 2014 will witness a general trend change in the financial markets.
Gold continues to slide down. Bears are clearly in control.
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.
Gold is perfect for use in coins and jewelry as it does not react with air or water like many other metals.

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