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Florian Grummes

Florian Grummes

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Florian Grummes is an independent financial analyst, advisor, consultant, mentor, trader & investor as well as an international speaker with more than 25 years of experience in financial markets.

Via Midas Touch Consulting he is publishing weekly gold, silver, bitcoin & cryptocurrency analysis for his numerous international readers. Florian is well known for combining technical, fundamental and sentiment analysis into one often accurate conclusion about the markets.

Website:   https://www.midastouch-consulting.com
Seeking Alpha:   https://seekingalpha.com/author/florian-grummes
Telegram:  https://t.me/MidasTouchConsulting

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Potential recovery to approx. US$2,000

(Kitco commentary) - Driven by the dramatic geopolitical escalation in Ukraine as well as the tough and unprecedented sanctions against Russia, which resulted in exploding oil and commodity prices, the gold market experienced a sharp spike followed by a rather brutal reversal in the last seven weeks.

Bitcoin, buy the news

(Kitco commentary) - "Buy the rumor, sell the news" was a term used among traders in the last century. Back then it was profitable if applied to purchasing stock three weeks before earnings release news.

Bullish momentum remains strong

(Kitco commentary) - Over the last seven months, gold has once again done everything to disguise its true intentions. In hindsight, the flash crash in August with a low at US$1,678 actually marked the start of a multi month uptrend.

Bitcoin will create, not destroy

(Kitco commentary) - The typical talk regarding Bitcoin is about its volatility and its speculative nature. It is portrayed as the black sheep. And Bitcoin is heavily and constantly criticized as a result.

Bitcoin, going from strength to strength

(Kitco commentary) - When prices traded near US$65,000 three weeks ago, we advised in our free Telegram channel a substantial BTC exposure reduction and a hedging strategy for the remainder when short counter signals appeared on the horizon.

Ready, set, silver, go

(Kitco commentary) - If you read our last weekly chart book publication, you will find our setup maturing right now, just as we planned. We spoke of this being an excellent, low-risk spot to add to your physical holdings. What is left is a detailed action plan and a proper execution of that plan.

Bitcoin - new all-time highs in sight!

(Kitco commentary) - Year-to-date, bitcoin is currently up more 100% against the USD. Despite the first few months until April, Bitcoin has been mainly caught in a consolidation over the course of this year.

Silver on Christmas gift list

(Kitco commentary) - It isn't only an excellent gift for your loved ones but also for yourself. We find physical silver especially attractive this Christmas because the loaded spring is fundamentally in the market that supports grabbing a few ounces of coins.

All alone with bitcoin

(Kitco commentary) - The vast majority of market participants provide for the money inflow. The few who have mastered market play, extract it. While typically in other professions as challenging as trading, one works within a big team that supports your actions. In trading, you are all alone.

Gold & Silver Update