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
Best time of the year starts in July and should typically last until next spring. After 3 years with heavy corrections in autumn I think this year we could see a sustainable rally into December.
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 even longer).
In my last analysis I clearly explained that Gold had just finished its up-leg and that one had to expect some form of a deeper correction. In the meantime Gold has lost nearly US$115.00 in just 12 trading days. Personally I was surprised...
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.
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".
