
Florian Grummes discusses his cash position and market outlook, including concerns about a potential stock market crash and the future of gold and cryptocurrency.
Michelle Makori, President and Editor-in-Chief of Miles Franklin Media, speaks with Florian Grummes, Managing Director of Midas Touch Consulting, who says he is now more than 50% in cash as stocks look “overbought, overheated, and parabolic.” Grummes, who correctly called gold’s breakout from its multi-year cup-and-handle pattern, says gold remains in a secular bull market but could take more time before reaching new highs. He also warns that if the stock market faces a 2000-style crash, the pullback could be “50% to 80%” and “very painful.” Grummes explains why he sold all of his Bitcoin and crypto holdings, why he believes crypto winter may still end in a “bloodbath,” and when he expects triple-digit silver to return. In this episode of The Real Story with Michelle Makori: - Gold remains in a secular bull market, but the correction may not be over - Stocks are overbought, overheated, and vulnerable to a major pullback - Grummes says he is more than 50% in cash, his highest liquidity position ever - Bitcoin and crypto remain in a downtrend, with no real panic yet - Silver could return to triple digits, but Grummes says investors may need patience Follow Michelle Makori on X…
Host: Michelle Makori
Guest: Florian Grummes
Organizations: Midas Touch Consulting, Miles Franklin Media
Products: Bitcoin, crypto, silver, gold
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