Gold Breakout Was the Signal to Buy Again | Florian Grummes

Florian Grummes says gold's break above 4,200 was the signal he had been waiting for, and he has moved from 50% invested to 80% invested on the back of it.The founder of Midas Touch Consulting tells Kitco News anchor Jeremy Szafron that the trigger was not the metal itself but the Federal Reserve's new facility accepting Japanese collateral, which he calls "back to money printing" and compares in direction to the swap lines used during the Credit Suisse rescue.He is buying juniors rather than producers, and he names two he owns. His screen is counterintuitive. He wants a stock that has already outperformed the metal, because that is the proof it will move when gold moves. He expects a wave of mining M&A over the next one to three years as producers redeploy the cash they are generating at these prices.On price he sees 4,500 gold this summer and 70 dollar silver, and he says plainly that he does not expect a new all-time high this year. For anyone sitting on a 30 to 60 percent drawdown in juniors, his advice is to average down.He also explains why he is watching Hong Kong and Shanghai more closely than Singapore, and what 25 years of watching the tape tells him about why the metals so often fade in the Western session and rally in Asia.Recorded August 5th 2026Follow Jeremy Szafron on Twitter: @JeremySzafron (https://twitter.com/JeremySzafron) Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)Follow Florian Grummes on Twitter: @FlorianGrummes (https://twitter.com/floriangrummes) 00:00 Gold Breaks Its Summer Ceiling01:05 Gold's Signal Took Him to 80% Invested03:27 The Fed's Japan Facility and Money Printing07:59 Gold to $4,500 but No New Record09:37 Silver to $70 and the Miners Setup11:11 Why He's Stacking Platinum14:17 Buying Juniors: His Exact Filter18:15 Hong Kong and Shanghai Gold Hubs23:53 The Dollar and Where Gold Fits Now27:24 The One Trade to Avoid Now#gold #goldprice #silver #silverprice #preciousmetals #goldstocks #juniorminers #federalreserve #kitconews__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.