Florian_Grummes
Florian_Grummes
independent financial analyst, advisor, consultant, trader & investor as well as an international speaker with more than 25 years of experience in financial markets.
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Silver Chartbook — Silver’s Breakout Rally Is Slowly Unfolding

Silver $Silver - main 2509(SImain)$ , often overshadowed by its more glamorous counterpart, gold $Gold - main 2508(GCmain)$ , has recently captured the attention of investors worldwide. A potential breakout rally in silver prices has sparked excitement in financial markets, hinting at significant opportunities for those looking to diversify their portfolios into silver and silver-mining stocks.The Spark of Silver’s RallyAfter more than 13 years, silver is finally trading above USD 35 again! While moving within the range of USD 17.50 to USD 30ish for nearly five years, silver managed to break out above its strong resistance around USD 30 about year ago. Since then, bulls were making slow and sluggi
Silver Chartbook — Silver’s Breakout Rally Is Slowly Unfolding

Bitcoin — Record Chase Will Continue

Bitcoin has staged a stunning recovery since its April 6th, 2025, low of USD 74,434, surging past the USD 100,000 milestone to hit a new all-time high of USD 112,000 by May 21st. Driven by strong inflows into Bitcoin Spot ETFs, increasing institutional acceptance, and a supportive U.S. political climate under Donald Trump, the rally has been impressive. However, over the last few days momentum has slowed down and Bitcoin has pulled back to around USD 103,000ish. Overall, Bitcoin is still holding comfortably above the important USD 100.000 mark, though.ReviewSince the panic low on April 6th, 2025, at USD 74,434, Bitcoin initially surged to around USD 86,000. This was followed by a week of sideways movement before another upward push propelled prices into the USD 93,000 to USD 97,000 range.
Bitcoin — Record Chase Will Continue

Silver Chartbook -Poised for a Breakout

While gold $Gold - main 2506(GCmain)$ prices surged to a new all-time high of USD 3,500 on April 22nd following a spectacular rally, silver $Silver - main 2507(SImain)$ continues to trade significantly below its strong resistance zone around USD 35. Despite gold’s bullish momentum, silver has yet to revisit its October peak of USD 34.89.Instead, silver prices have been cunningly moving in a deceptive sideways consolidating, trading primarily between USD 32 and USD 33, since mid-April. Beforehand the silver market witnessed a sharp V-shaped recovery from a brief crash in early April, when prices dropped from USD 34.58 to USD 28.31 before rebounding to USD 33.69.Silver Appears Extremely UndervaluedW
Silver Chartbook -Poised for a Breakout

While gold shines, Bitcoin could surprise

As the world navigates a turbulent spring in 2025, Bitcoin $CME Bitcoin - main 2504(BTCmain)$ and gold $Gold - main 2506(GCmain)$ find themselves at a fascinating crossroads. With Bitcoin languishing at a five-month low of USD 74,434 and gold soaring past USD 3,000 per ounce, the contrast between these two assets has never been starker.While gold basks in its timeless role as the ultimate safe haven — bolstered by China’s relentless accumulation and a global shift away from the U.S. dollar — Bitcoin struggles to shrug off a -32% correction from its January peak of USD 109,356. Yet, amid oversold conditions, panicked sentiment, and a bullish seasonal window, the cryptocurrency could be poised for
While gold shines, Bitcoin could surprise

Gold — Healthy Pullback Already Over

We had anticipated that the last US interest rate decision in mid-December would bring a bottom and an upward trend reversal in the gold $Gold - main 2504(GCmain)$ market. Indeed, gold marked the end of its nearly two-month correction precisely on December 18th, 2024, with a low of USD 2,585. Subsequently, since the beginning of the year, gold bulls have clearly taken charge again, driving gold prices upward at a breathtaking pace.ReviewInitially, the all-time high from late October at USD 2,790 was surpassed without much resistance. A new all-time high of USD 2,942 was finally marked three weeks ago. Around USD 2,940, for the first time in almost two and a half months, more sellers than buyers appeared, causing the gold price to record a smal
Gold — Healthy Pullback Already Over

Silver Chartbook — Resurgence confirms bullish outlook a for 2025

While gold $Gold - main 2502(GCmain)$ posted a strong performance in 2024 and is most likely on its way back to its all-time high at USD 2,790 after a two-and-a-half-month consolidation, silver has been moving upward in gold’s slipstream. Despite reaching a high at USD 34.89 in October 2024, silver $Silver - main 2503(SImain)$ never really showed a life on its own. Instead it was mainly following gold. At least, these price levels around USD 35 have not been seen since 2012. Finally, after a 17.6% pullback down to USD 28.73, silver has recovered nicely over the last four weeks.Silver supply and demand dynamicsFundamentally, a key factor driving the silver market is the persistent supply-demand imb
Silver Chartbook — Resurgence confirms bullish outlook a for 2025

Gold Chartbook — Gathering strength for the breakout

Since the last US interest rate decision on December 18th, 2024, gold $Gold - main 2502(GCmain)$ has experienced a remarkable recovery as anticipated. From its low point of USD 2,585, it climbed to a recent high of USD 2,697 within three weeks, representing an increase of approximately 4%. This recovery, however, has taken its toll as it had led gold to a significant resistance in the form of the upper triangle boundary. This downward trendline is currently situated around the USD 2,679ish level and has acted as short-term resistance triggering a pullback at the beginning of this new week. With the latest CPI numbers released today, gold was able to leave that technical barrier behind. Prices rallied back up towards USD 2,696 again. So far, ho
Gold Chartbook — Gathering strength for the breakout

Bitcoin — Torn Between Bull Runs And Bear Plunges, Extreme Volatility Ahead

As we enter 2025, Bitcoin finds itself at yet another critical juncture, navigating a complex landscape of unprecedented institutional interest, regulatory shifts, and market expectations. The cryptocurrency has already surpassed the USD 100,000 milestone, yet analysts unanimously predict a year of dramatic price swings. With price target projections ranging from USD 150,000 to USD 200,000, Bitcoin stands poised between exhilarating bull runs and potential sharp corrections, embodying the inherent volatility that has defined its remarkable journey. The current market dynamics suggest a perfect storm of factors — including spot ETF inflows, potential U.S. strategic reserve considerations, and nasty waves of profit taking in the stock market, that could propel Bitcoin to new heights while si
Bitcoin — Torn Between Bull Runs And Bear Plunges, Extreme Volatility Ahead
avatarFlorian_Grummes
2024-12-26

Gold — Trend Reversal right after the last US interest rate decision of 2024

As 2024 draws to a close, gold $Gold - main 2502(GCmain)$ & $Silver - main 2503(SImain)$ have experienced a remarkable year characterized by record-breaking gold prices and significant volatility. Driven by a complex interplay of global economic factors, geopolitical tensions, and shifting monetary policies, gold reached an all-time high of USD 2,790, outperforming many analyst’s predictions and cementing gold’s status as a safe-haven asset in times of uncertainty. Silver also posted a strong year but is still fighting to leave its 4-year trading range below USD 30 behind. Generally, the market’s trajectory was influenced by several key elements, including the Federal Reserve’s interest rate d
Gold — Trend Reversal right after the last US interest rate decision of 2024
avatarFlorian_Grummes
2024-12-17

Silver Chartbook — Bullish wedge limits remaining downside

As the dust has settled after the US election, market dynamics are shifting focus towards monetary policy decisions and ongoing geopolitical tensions.An exceptionally successful year for precious metals is drawing to a close. The price of gold $Gold - main 2502(GCmain)$ has risen impressively by 30.9% in USD terms. Silver $Silver - main 2503(SImain)$ has recorded an increase of +31.75%. When calculated in euros, the annual balance looks even better, with the gold price currently showing a gain of 37%. Leading the way is the silver price in euros, with an increase of over 37.6%. This outstanding performance once again underscores the strength of these two precious metals, which have proven to be a
Silver Chartbook — Bullish wedge limits remaining downside
avatarFlorian_Grummes
2024-12-14

Gold Chartbook — Pullback almost complete

After reaching a new all-time high of USD 2,790 on October 30th, 2024, gold $Gold - main 2502(GCmain)$ prices experienced a sharp and rapid pullback, hitting a low of USD 2,535 on November 14th. This correction was driven by a combination of speculative profit-taking and broader market dynamics following the U.S. Presidential election. However, geopolitical tensions soon reignited demand for gold as a safe-haven asset, leading to a swift rebound to USD 2,720. From there, another sudden wave of selling pressure emerged, reflecting ongoing volatility in the gold-market.In the past two weeks, however, gold has demonstrated remarkable resilience, consistently attracting buyers on dips toward the USD 2,610 to USD 2,625 range. This “buy-on-dip” beha
Gold Chartbook — Pullback almost complete
avatarFlorian_Grummes
2024-11-19

Gold Chartbook — Pullback into the last FOMC meeting in 2024

Gold $Gold - main 2412(GCmain)$ prices came under significant pressure following Donald Trump’s decisive victory in the 2024 U.S. presidential election. Over all, gold plummeted more than 9% since its new all time-high at USD 2,790 on Wednesday, 30th of October, 2024. This substantial decline came as no surprise as we had anticipated a wave of profit-taking in the gold-market. This sharp downturn was primarily driven by a surge in bond yields, a rallying stock market, and a strengthening U.S. dollar, all of which made gold less attractive to investors.The market’s reaction to Trump’s win was largely influenced by expectations of his proposed policies, which many believe could reignite inflation. Concerns about potential tariffs and immigration
Gold Chartbook — Pullback into the last FOMC meeting in 2024
avatarFlorian_Grummes
2024-11-12

Bitcoin — The Breakout Rally Has Begun

ReviewIn our last analysis on September 22nd, we suggested that Bitcoin and the entire crypto sector might need a bit more time. Indeed, Bitcoin briefly slipped below the psychological mark of USD 60,000 on October 10th, only to shoot up significantly the next day. This final bear trap marked the definitive trend reversal, which had already begun with the crash low of USD 49,130 on August 5th.At the latest with Donald Trump’s election victory, it’s clear that the breakout rally for Bitcoin has begun. A new all-time high of USD 79,780 has already been recorded. The strong resistance zone between USD 72,000 and USD 76,000 has thus been breached. Above USD 80,000, the real fireworks should begin, rapidly propelling Bitcoin prices towards the psychological magnet of USD 100,000.Overall, the se
Bitcoin — The Breakout Rally Has Begun
avatarFlorian_Grummes
2024-11-09

Silver Chartbook — Easing War Premium Leads to Healthy Pullback

Since it’s last significant low and turning point at USD 26.40 on August 8th, 2024, silver $Silver - main 2412(SImain)$ rallied by more than 32% to a new 12-year high at USD 34.86 on October 23rd. Over the last two weeks, however, the silver market came under severe pressure and has sold off to USD 30.84 as of Wednesday. This sharp decrease particularly gained momentum following Donald Trump’s victory in the U.S. presidential election. We timely had anticipated a profit-taking event in the precious metal prices in our bi-weekly gold analysis as well as in our most recent weekly gold chartbook.The decline in silver prices can be attributed to several factors. Firstly, Trump’s victory strengthened the U.S. dollar, which typically has an inverse
Silver Chartbook — Easing War Premium Leads to Healthy Pullback
avatarFlorian_Grummes
2024-11-08

Gold Chartbook — Profit-Taking in the Gold Market?

Since breaking above USD 2,530 in late August, gold $Gold - main 2412(GCmain)$ prices have only known one direction: upward. Following a meteoric rise, a new all-time high of USD 2,790 was reached last week on Wednesday. A significant consolidation or even a genuine correction have been notably absent so far. Amid increased volatility, there have only been two sharp but overall very modest pullbacks. Instead, gold bulls have been charging from one all-time high to the next.The broader rally in the gold market has been ongoing since autumn 2022, already. The triple bottom at USD 1,615 marked the trend reversal at that time. However, the uptrend has only gained significant momentum in the last 13 months. Starting at USD 1,810 on October 5th, 202
Gold Chartbook — Profit-Taking in the Gold Market?
avatarFlorian_Grummes
2024-11-03

Bitcoin Vs. Gold: What Investors Should Know

Gold is definitely driven by geopolitics says Florian Grummes, as well as de-dollarization. Ryan Wilday on Bitcoin's price action. Silver hasn't shown up to the party. Bitcoin ETFs like BITO. Crypto and precious metals - don't overestimate the importance of US elections. AlexSava Listen here or on the go via Apple Podcasts and Spotify Gold is definitely driven by geopolitics says Florian Grummes, as well as de-dollarization (1:10). Ryan Wilday on Bitcoin's price action (3:25). Silver has
Bitcoin Vs. Gold: What Investors Should Know
avatarFlorian_Grummes
2024-10-14

Gold - Pullback As A Springboard

Gold prices have experienced significant fluctuations, recently reaching an all-time high of USD 2,685 before pulling back to USD 2,605. Key drivers include the first U.S. interest rate cut, a weaker U.S. dollar, and geopolitical tensions in the Middle East. Technical indicators suggest a potential continuation of the rally if gold surpasses USD 2,660 and USD 2,685, though a pullback to the 50-day moving average is possible. Despite recent volatility, the overall bullish trend remains intact, with a mid-term potential upward target around USD 3,080 to USD 3,100 USD. ssucsy In recent weeks, gold (XAUUSD:CUR) as well as the SPDR Gold Shares ETF (GLD), iShares Gold Trust ETF (
Gold - Pullback As A Springboard
avatarFlorian_Grummes
2024-10-13

Gold — Pullback as a springboard

In recent weeks, gold $Gold - main 2412(GCmain)$ has experienced significant fluctuations, marked by an impressive rally and subsequent pullback. As the price of gold reached new heights, investors have been keenly observing the dynamics at play. This article delves into the recent movements in gold prices, analyzing key milestones, market consolidations, and the factors influencing these trends. With a focus on technical indicators and potential future scenarios, we aim to provide a comprehensive overview of the current state of the gold market and what it may mean for investors moving forward.ReviewWith the breakout above the resistance zone between USD 2,520 and 2,535, the gold price was able to ignite the next stage of its two-year rally o
Gold — Pullback as a springboard
avatarFlorian_Grummes
2024-08-28

Gold: The Rally Is Likely To Continue

Summary Gold prices have surged to new all-time highs, driven by geopolitical tensions, potential US interest rate cuts, and strong technical indicators. Despite brief pullbacks and multi-month consolidations, gold's upward trend remains intact, with potential targets of USD 2,535, USD 2,550, and USD 2,560, possibly even reaching USD 2,700. Commercial traders' short positions, high market optimism and seasonal weakness in September suggest caution, but the established uptrend and macroeconomic factors support continued strength in gold. Gold mining stocks, particularly juniors, show significant catch-up potential, highlighted by Gold Fields' acquisition of Osisko Mining, indicating undervaluation in the sector. ssucsy Since October 6th, 2023, gold has been on a remarkable upward trajectory
Gold: The Rally Is Likely To Continue
avatarFlorian_Grummes
2024-08-15

Bitcoin: This Correction Is Probably Not Over Yet

Summary Bitcoin experienced significant market fluctuations, with a crash to USD 49,577 followed by a strong bounce to USD 62,729. Global stock market pressures, interest rate hikes, and recession fears led to selling pressure on US technology stocks and the strongly correlated Bitcoin. Thus, sentiment has turned bearish. A final panic has an increased likelihood until the end of September or mid of October and should bring the start of a new uptrend. Technically speaking, Bitcoin might not need to make a new low but could shake of the remaining weak hands with a tricky and tenacious sideways consolidation over the coming one or two months. peshkov Not surprisingly, Bitcoin (BTC-USD) has experienced significant market fluctuations over
Bitcoin: This Correction Is Probably Not Over Yet

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