Tom Bodrovics welcomes Florian Grummes back to the show to discuss his outlook for silver, gold, and the broader economic landscape. Grummes, a veteran technical trader and analyst, set a target of $50 per ounce for silver by late spring 2025, noting that silver often lags behind gold but tends to surge at the end of a bull market. He highlighted silver’s industrial demand, particularly in the solar and electric vehicle sectors, as key drivers for its price appreciation. Grummes also pointed to physical silver shipments from London to New York as a sign of an impending spike.
Grummes emphasized the role of macroeconomic factors, including central bank policies and geopolitical tensions, in shaping precious metals markets. He warns that while gold has reached record highs, significant volatility could emerge if stock market corrections deepen. Grummes also touches on the importance of seasonality, suggesting that summer months might see reduced trading activity.
Discussing mining stocks, Grummes acknowledges their underperformance relative to metal prices but expressed optimism about future gains, particularly as larger producers with strong margins begin acquiring smaller companies. He stresses the importance of scaling in and out of positions to manage risk effectively.
Grummes concludes by emphasizing the psychological aspects of trading, urging listeners to take responsibility for their decisions and learn from past mistakes.
Time Stamp References:
0:00 – Introduction
0:49 – Silvers Behavior & Upside
5:04 – Phys. Demand Bottleneck
9:47 – Risks & Volatility
16:05 – Seasonality & Metals
20:02 – Caution & Taking Profits
23:10 – Physical Vs. Trading
26:30 – Signposts of the End
33:08 – Gold Bugs & Objectivity
36:00 – Dollar Impact on Metals
39:37 – Geopolitical Risks & Ukraine
45:23 – Lag with Mining Equities
52:13 – Taking Profits
56:02 – Wrap Up
Guest Links:
Website: https://www.midastouch-consulting.com
LinkedIn: https://www.linkedin.com/in/floriangrummes/
Twitter: https://twitter.com/FlorianGrummes
Substack: https://substack.com/@midastouchconsulting
Seeking Alpha: https://seekingalpha.com/author/florian-grummes
Telegram: https://t.me/MidasTouchConsulting
Facebook: https://www.facebook.com/Midastouchconsulting
Free Newsletter: http://eepurl.com/d5Euf
Florian Grummes is an independent financial analyst, advisor, consultant, mentor, trader & investor as well as an international speaker with more than 30 years of experience in financial markets.
Florian is the founder and managing director of his company Midas Touch Consulting, which is specialized in trading & investments as well as consulting, analysis & research with a focus on precious metals, commodities and digital assets.
Via Midas Touch Consulting he is publishing daily and weekly gold, silver, bitcoin & cryptocurrency analysis for his numerous international readers. Florian is well known for combining technical, fundamental/macro and sentiment analysis into one often accurate conclusion about the markets.
