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Gold has been in some form of consolidation since 2011, says Florian Grummes, Managing Director at Midas Touch Consulting. Speaking with Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, Grummes explains that gold is gearing up for a “phenomenal” breakout. But it needs to tackle this technical level first. Grummes also discusses a pivot by the Federal Reserve, the U.S. dollar, and gives his picks for which mining stocks he thinks have significant upside.
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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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