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.