Gold's Spectacular Breakout: Charts Point to Phenomenal Move After 12-Year Wait
Florian Grummes, Managing Director at Midas Touch Consulting, reveals that gold has been consolidating since 2011. In an interview with Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, Grummes discusses the potential for a "phenomenal" breakout in gold. However, he highlights the importance of overcoming a key technical level. Grummes also shares insights on the Federal Reserve's pivot, the U.S. dollar, and his top mining stock picks with significant upside potential. Stay tuned to gain valuable perspectives on the future of gold.
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Florian Grummes on Twitter: @FlorianGrummes (https://twitter.com/floriangrummes)
0:00 - Crack-up boom theory
5:08 - U.S. dollar
7:49 - U.S. equities
9:20 - Federal Reserve outlook
11:22 - Bankruptcy filings
14:17 - Inflation
16:03 - Gold
31:12 - Miners
#gold #fed #mining #stocks #economy #macro
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