Stijn Schmitz welcomes back Florian Grummes to the show. Florian is the Founder and Managing Director of Midas Touch Consulting. The discussion opens with concerns about equity markets at all-time highs, rising Treasury yields, and Middle East energy disruptions. Grummes argues the financial system is walking on a tightrope, but central banks will continue printing money to sustain the “paper Ponzi scheme,” delaying any systemic break. He sees the US midterm elections as a near-term uncertainty, expecting markets to struggle until then, followed by a possible year-end rally. On energy, he believes oil prices are being managed and warns that a proposed US diesel export ban could severely stress Europe, potentially leading to supply chain issues and food shortages, advising listeners to prepare by stocking essentials.

Grummes remains bullish on oil producers, citing a strong uptrend, and foresees an inflationary spiral driven by rising bond yields and money supply expansion. He emphasizes that gold’s fundamental drivers are intact: central bank buying, Asian demand, a shift from bonds to precious metals, and ongoing liquidity injections. Technically, gold is in a correction since January, with support around $4,000; a break below could target $3,500, but he views dips as buying opportunities. He highlights the long-term secular bull market in gold and expects miners to benefit from healthy margins and strong balance sheets, though near-term tax-loss selling may create pressure.

For mining investments, he stresses the importance of management track record, jurisdictional safety, concentrated portfolios, and having an exit strategy. He favors stocks with declining volume on pullbacks, indicating weak hands are being squeezed out. Grummes concludes by inviting listeners to his website and Substack for daily and weekly analysis.

Timestamps:
00:00:00 – Introduction
00:00:40 – Current Market Overview
00:01:49 – Paper Ponzi Scheme Concerns
00:02:43 – Middle East Energy Disruptions
00:03:38 – Midterm Elections Impact
00:06:28 – US Geopolitical Weakness
00:09:12 – Diesel Export Ban Feasibility
00:10:10 – Oil Producers Outlook
00:11:24 – Preparing for Supply Shortages
00:12:50 – Economic Slowdown Implications
00:16:22 – Fiat Currency Debasement
00:20:48 – Gold Market Fundamentals
00:28:10 – China Gold Trade Strategy
00:33:16 – Gold Miners Opportunities
00:37:47 – Investment Pitfalls Advice
00:42:38 – Stock Setup Opportunities
00:43:45 – Concluding Thoughts

Guest Links:
Website: https://www.midastouch-consulting.com
X: https://twitter.com/FlorianGrummes
Substack: https://substack.com/@midastouchconsulting
Telegram: https://t.me/MidasTouchConsulting
Free Newsletter: http://eepurl.com/d5Euf
LinkedIn: https://www.linkedin.com/in/floriangrummes/
Seeking Alpha: https://seekingalpha.com/author/florian-grummes
Facebook: https://www.facebook.com/Midastouchconsulting

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.